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Sun Silver Limited (ASX:SS1)

ALERT: Price-sensitive ASX Announcement for SS1
Current share price for SS1 : $0.925 -0.43 (-31.73%)+
Announcement
Release
15 Apr 2026 8:43AM
Price at Release
$1.355
Full Release
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Summary
Sun Silver Limited has appointed Ausenco as the lead engineering consultant for its Maverick Silver Project in Nevada, USA. The project, which represents one of the largest undeveloped silver assets in the United States, is advancing towards a maiden Scoping Study expected in the second half of 2026. Ausenco's role includes concept and scoping studies aimed at evaluating heap leach development pathways, supported by a backdrop of strong silver pricing at approximately US$77/oz. This engagement is part of a broader strategy to enhance project economics and advance mineral resource classification, with ongoing activities in environmental permitting and mine planning. The Maverick Silver Project comprises a substantial JORC Inferred Mineral Resource, strengthening Sun Silver's position in the mining sector.
Key Points
  • Sun Silver Limited has engaged global engineering firm Ausenco for the Maverick Silver Project.
  • Ausenco will lead engineering studies to develop a maiden Scoping Study for H2 2026.
  • The project is located in Elko County, Nevada, and targets heap leach development pathways.
  • The Maverick Silver Project is one of the largest undeveloped silver assets in the United States.
  • Ausenco has a strong track record in precious metals project development, particularly in North America.
  • Silver prices are currently strong, at approximately US$77/oz, enhancing project economics.
  • Sun Silver Limited aims to advance Mineral Resource classification and expand the resource base.
  • Environmental permitting and baseline studies are progressing alongside mine planning activities.
  • The Maverick Silver Project contains a JORC Inferred Mineral Resource of 237Mt with significant silver and gold content.
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.