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Sunshine Metals Limited (ASX:SHN)

ALERT: Price-sensitive ASX Announcement for SHN
Current share price for SHN : $0.039 0.011 (39.29%)+
Announcement
Release
15 Jul 2026 8:43AM
Price at Release
$0.028
Full Release
download
Summary
Sunshine Metals Limited (ASX: SHN) announced a significant upgrade to the Liontown Resource, which now stands at 7.27 million tonnes at 3.19 g/t gold equivalent for 745,000 ounces recoverable gold equivalent (or 10.88% zinc equivalent). This follows recent completion of drilling and metallurgical studies which showcased improved gold recoveries and increased resource confidence, with a substantial portion of the resource classified as Measured or Indicated. The upgraded resource will be integrated into the Liontown Mining Study update, set to recognise the benefits of milling through the newly acquired Mt Moss Processing Facility. The comprehensive Ravenswood Consolidated Project Resource aggregates to 8.36 million tonnes at 3.47 g/t gold equivalent for 931,000 ounces recoverable, with the Liontown component comprising 86% of the total resource. The updated Liontown Gold Study Resource showed notable increases in gold, silver, and overall tonnes, reflecting the successful execution of recent drilling programs. The updated mining study is expected to be released by August 2026.
Key Points
  • Sunshine Metals Limited has upgraded the Liontown Resource following recent drilling and metallurgical studies.
  • The Liontown Resource now totals 7.27Mt @ 3.19g/t AuEq for 745Koz AuEq recoverable.
  • Recent drilling and improved gold recoveries lay the platform for this resource upgrade.
  • The upgraded resource is being incorporated into a Liontown Mining Study update.
  • Sunshine expects to commence milling Liontown ore at Mt Moss in mid-2027.
  • The Ravenswood Consolidated Project Resource now totals 8.36Mt @ 3.47g/t AuEq for 931Koz AuEq recoverable.
  • Metallurgical test work indicates high gold recovery rates using gravity concentration and cyanidation.
  • The updated resource contains increased confidence with significant portions classified as Measured or Indicated.
  • The Liontown Gold Study Resource has seen increased gold, silver, and overall tonnes.
  • A new Liontown Mining Study is due in August 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.