Sunshine Metals (ASX:SHN) | Significant Upgrade to Liontown Resource
MarketOpen Trading Titan | Sunshine Metals Limited (ASX:SHN)
Episode: Upgraded Liontown Mineral Resource Estimate, Operational Update, 15 July 2026
In this episode, we examine Sunshine Metals Limited's (ASX: SHN) upgraded Mineral Resource Estimate for the Liontown Project in Queensland, outlining the updated Resource, recent drilling and metallurgical results, and the next milestones identified by the company.
Key facts covered in this episode:
Total Liontown Resource updated to 7.27 million tonnes at 3.19 grams per tonne gold equivalent for 745,000 recoverable gold equivalent ounces.
Gold Study Resource now totals 1.02 million tonnes at 3.75 grams per tonne gold and 29.9 grams per tonne silver, containing 122,600 ounces of gold and 975,000 ounces of silver.
Compared with the previous Mining Study Resource, the company reports contained gold increased by 13%, contained silver increased by 21% and tonnes increased by 28%.
75% of the Gold Study Resource is now classified as Measured or Indicated.
161 reverse circulation drill holes completed for 7,913 metres between November 2025 and March 2026.
Metallurgical testing returned average overall gold recoveries of 92.3% at an 80 micron grind and 89.4% at a 140 micron grind.
Ravenswood Consolidated Resource updated to 8.36 million tonnes at 3.47 grams per tonne gold equivalent for 931,000 recoverable gold equivalent ounces.
The updated Resource and metallurgical results will be incorporated into the upcoming Liontown Gold Mining Study.
Sunshine states that the updated Mining Study will recognise the upside of owner operator milling through the Mt Moss Processing Facility, with the company expecting milling of Liontown ore at Mt Moss to commence in mid 2027.
Upcoming milestones include drilling at the Sybil Project during July 2026, the updated Liontown Gold Mining Study in July to August 2026, commencement of the Liontown Base Metal Mining Study during August to September 2026, and Mt Moss refurbishment and gold circuit construction during September to October 2026.
This episode is produced by MarketOpen. All content is factual and drawn solely from the company's ASX announcement. Nothing in this episode constitutes financial advice. Listeners should conduct their own research and consider their own financial circumstances before making any investment decision.