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Sunshine Metals Limited (ASX:SHN)

ALERT: Price-sensitive ASX Announcement for SHN
Current share price for SHN : $0.028 0.008 (40%)+
Announcement
Release
26 Nov 2025 9:25AM
Price at Release
$0.020
Full Release
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Summary
Sunshine Metals Limited has announced a significant upgrade in its Liontown shallow gold Resource, increasing it by 14% to 108Koz. The upgrade follows successful infill drilling in May 2025, aiming for first production at the Ravenswood Consolidated Project in North Queensland by 2026. The Liontown Au Study, expected to conclude in January 2026, will also consider extracting up to 803Koz Ag. The upgrade has improved the definition of historic workings, with new phases of drilling initiated to enhance Resource confidence further. The mining studies remain on track for delivery in January 2026, with Sunshine Metals positioned to become a gold producer.
Key Points
  • Liontown shallow gold Resource increased by 14% to 108Koz.
  • First production at Ravenswood Consolidated Project expected in 2026.
  • Liontown Au Study to consider extraction of up to 803Koz Ag.
  • Successful infill drilling improved Resource definition.
  • New drilling phases commenced to enhance Resource confidence.
  • Mining studies on track for January 2026 completion.
  • Sunshine Metals aims to become a gold producer in 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.