What's Happening?
Sunshine Metals has announced significant findings from its recent drilling program at the Liontown deposit, part of the Ravenswood Consolidated Project. The company reported high-grade gold and silver intercepts, including a notable interval of 1 meter
at 136 grams per tonne gold and 9,960 grams per tonne silver. The drilling program, completed in February 2026, consisted of 121 holes, with results from 68 holes already reported. Sunshine Metals plans to incorporate these findings into an updated resource estimate, expected in April 2026, which will inform future mining studies.
Why It's Important?
The discovery of high-grade silver and gold at Liontown enhances the project's potential and could significantly impact Sunshine Metals' financial outlook. The results underscore the considerable silver endowment of the Liontown system, which had previously been overshadowed by base metals. This development could attract further investment and interest in the Ravenswood Consolidated Project, boosting the local economy and creating job opportunities. Additionally, the findings may influence market dynamics in the precious metals sector, particularly in North Queensland.
What's Next?
Sunshine Metals plans to continue exploring nearby gold and silver-rich targets throughout 2026 and beyond. The company will integrate the new assay results into an updated resource estimate, which will be used to refine mining strategies and optimize production. As the project progresses, Sunshine Metals may seek additional partnerships or funding to support its expansion efforts. The updated resource estimate and subsequent mining study will provide a clearer picture of the project's long-term viability and potential economic benefits.
