InvestSMART

Sunshine Metals Limited (ASX:SHN)

ALERT: Price-sensitive ASX Announcement for SHN
Current share price for SHN : $0.039 0.012 (44.44%)+
Announcement
Release
21 Jul 2026 8:56AM
Price at Release
$0.027
Full Release
download
Summary
Sunshine Metals Limited has conducted a magnetics survey at the Sybil project, which has successfully defined high-grade gold targets. Located west of Townsville, this project includes the advanced Francis Creek prospect. Sunshine Metals plans to conduct extensive drilling activities at Sybil in July 2026 to explore further gold mineralization. This initiative is part of a broader strategy, including updates to the Liontown Gold Mining Study and starting the Liontown Base Metal Mining Study. These efforts underscore the company's commitment to expanding its high-grade gold exploration portfolio.
Key Points
  • Sunshine Metals Limited conducted a magnetics survey which defined high-grade gold targets at the Sybil project.
  • The Sybil project is located 135 km west of Townsville and 140 km north of Charters Towers.
  • The survey identified potential drilling locations with significant gold intersections.
  • Francis Creek is the most advanced prospect within the Sybil project, showing promising results.
  • Upcoming drilling activities at Francis Creek aim to explore further gold mineralization extensions.
  • Sunshine Metals aims to conduct a series of drilling activities in July 2026 at the Sybil project.
  • The company is preparing for several key activities including an updated Liontown Gold Mining Study and commencement of the Liontown Base Metal Mining Study 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.