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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
30 Jul 2026 9:52AM
Price at Release
$0.028
Full Release
download
Summary
Sunshine Metals Limited released its quarterly activities report, highlighting significant advancements in its North Queensland projects, particularly in gold, silver, copper, zinc, and lead. The company completed the acquisition of the Mt Moss processing facility, aiming for gold production by mid-2027. Key achievements include final resource definition assays at the Liontown Gold Panel, a successful airborne survey at the Sybil project, and the divestment of the Hodgkinson project. Sunshine raised substantial capital through a share purchase plan, and the report outlines upcoming project developments and financial commitments, including a focus on the Ravenswood Consolidated Project.
Key Points
  • Sunshine Metals completed acquisition of Mt Moss processing facility.
  • Targeted first gold production at Mt Moss by mid-2027.
  • Received final assays from Liontown Gold Panel drilling.
  • Completed airborne magnetic and radiometric survey at Sybil project.
  • Raised $7.695 million through a share purchase plan.
  • Divested Hodgkinson Project to EQ Resources for $250,000.
  • Ravenswood Consolidated Project targeting multi-metal production.
  • Significant resource upgrades at Liontown Project.
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.