SHN - Sunshine Metals

[frugal.rock]

Hmmm, I believe I held PEL for a while around 18 years ago?
I don't think it did well.

Just a chart. I wouldn't buy without a FA scrub.

 

[Dona Ferentes]

the usual pathway. >>>>>>>

• PEL : Oct 2018. The securities of Pelican Resources Limited will be suspended from quotation immediately in accordance with Listing Rule 17.3, as ASX has determined that PEL's operations are not adequate to warrant the continued quotation of its securities and therefore it is in breach of Listing Rule 12.1
• The company has executed a DOCA with Cockatoo Iron NL and its subsidiary Pearl Gull which terminates the revenue sharing agreement between the parties. In consideration for terminating the RSA, Cockatoo Iron has agreed to pay to Pelican $225,000. The consideration shall be payable by or on behalf of Cockatoo Iron prior to 31 December 2020.
• The company enters into an agreement to acquire all issued capital of XXXX Gold, a gold-copper focused exploration company with 100% ownership of Triumph, Hodgkinson and Investigator projects in North Queensland. Consideration for the acquisition of XXXX Gold will include the issue of 88,000,000 Pelican Shares, 40,000,000 options over Pelican Shares and up to 100,000,000 Pelican Shares issued on achievement of JORC 2012 Resource milestones. Triumph and Hodgkinson gold projects in historical goldfields with potential for near surface high-grade and deeper large-scale deposits. Investigator copper project is an unexplored copper project on the Mount Gordon Fault Zone, Mt Isa. Experienced, successful management team and North Queensland based technical team. Shaw & Partners Limited proposed Lead Manager and Underwriter to an entitlement offer and broker offer to raise approximately $2,027,000. Potential for rapid delineation of JORC Resources. The XXXX Gold acquisition is targeted for completion on or before 30 November 2020.
• 05 Nov 2020; that on or about this date the company consolidated its shares 5 for 8.
• and then the name change

 

[Dona Ferentes]

Market cap $25million.

TRIUMPH GOLD PROJECT (100%) . 50km S of Gladstone.
• 15km² intrusion related gold/ orogenic system under shallow alluvial cover
• 2 granted EPM’s, spanning 138 sqkm
• Maiden JORC Resource March 2022

RAVENSWOOD WEST Au, Cu, Ag, Mo & REE PROJECT (100%) . 100km S of Townsville
• Prospective for porphyry Cu-Au-Mo, intrusion-related Au and REE
• 6 granted EPM’s spanning 446 sqkm, 2 EPMA 222 sqkm
• 15km long Cu-Au-Ag-Mo corridor defined from Titov to Keans
• Significant REE-Au anomalism at Elphinstone Creek

INVESTIGATOR COPPER PROJECT (100%) . NE of Mt Isa
• Greenfields project in the world-class Mt Isa Inlier
• Same stratigraphic and structural setting as the Capricorn Copper Mine
• 2 granted EPM’s covering 115 sqkm
• First fieldwork commencing Feb 2022

HODGKINSON GOLD PROJECT (100%) . NE of Cairns
• Highly prospective structural environment along 3 major regional shears
• 6 granted EPM’s covering 365 sqkm

 

[frugal.rock]

Time for another FA scrub I think.
Chart only.

 

[System]

On July 10th, 2023, Sunshine Gold Limited changed its name to Sunshine Metals Limited.

 

[Dona Ferentes]

On July 10th, 2023, Sunshine Gold Limited changed its name to Sunshine Metals Limited.

bit of a pig in a poke. Toss in zinc, and molybdenum, of late. REE seems to have fizzled.

"Sunshine Metals is focused on discovery and development at its high quality gold and copper projects in Queensland, comprising Ravenswood Consolidated, Triumph, Investigator and Hodgkinson projects"​

 

[TimeISmoney]

17m @ 22.1g/t gold: Sunshine’s thick hit confirms Liontown feeder zone

17m @ 22.1g/t gold: Sunshine’s thick hit confirms Liontown feeder zone - Stockhead

Sunshine Metals (ASX:SHN) has intersected multiple high-grade gold zones at its Liontown prospect, part of the Ravenswood Consolidated play.

stockhead.com.au

 

[Dona Ferentes]

SHN rose 100% this week after the company announced it had intersected multiple high-grade gold zones in the first of 12 RC holes at its Liontown prospect at the Ravenswood Consolidated project in northern QLD, including 17m @ 22.14g/t from 67m.

The zones are interpreted to be gold and copper-rich feeder zones to the overlying 2.3Mt resource.

Market cap of $25 million

 

[farmerge]

SHN rose 100% this week after the company announced it had intersected multiple high-grade gold zones in the first of 12 RC holes at its Liontown prospect at the Ravenswood Consolidated project in northern QLD, including 17m @ 22.14g/t from 67m.

The zones are interpreted to be gold and copper-rich feeder zones to the overlying 2.3Mt resource.

Market cap of $25 million
View attachment 166225

Is this a possible penny dreadful for the Comp??????

 

[Dona Ferentes]

Is this a possible penny dreadful for the Comp??????

December? or November?

as long as there's no need for capital in the short-term.

I'm just putting it our there.

 

[farmerge]

December? or November?

as long as there's no need for capital in the short-term.

I'm just putting it our there.

Any month, As I have somehow picked a penny dreadful for dec I will keep this on a secondary or more watch list.

 

[TimeISmoney]

That's looking promising.

 

[Faramir]

I am picking SHN for December 2023 tipping comp. I just like the name of this stock.

Look at how this stock shot up just this week, let alone the whole month.

 

[Faramir]

Announcement made last week Fri 24 Nov 2023.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02744789-6A1182580?access_token=83ff96335c2d45a094df02a206a39ff4

or just read this pic:

 

[Dona Ferentes]

SHN rose 100% this week after the company announced it had intersected multiple high-grade gold zones in the first of 12 RC holes at its Liontown prospect at the Ravenswood Consolidated project in northern QLD, including 17m @ 22.14g/t from 67m.

but fallen back a bit this week, to detriment of Dec comp, but hey!
.
Bazza talks about its geochem:

Barry FitzGerald: Gold is erupting. Here's how to invest in a volcano of it - Stockhead

The decision to target high-grade gold/copper in a particular setting where previous explorers had focussed on zinc-lead mineralisation had paid off.

stockhead.com.au

 

[Faramir]

Gee I know how to pick stocks for the tipping comp.

 

[Faramir]

For January 2024, I am giving SHN another chance to prove that you are the sunshine of my life.

This chart may prove otherwise but after losing 61% in December 2023, the only way is up.

 

[debtfree]

Finally a bit of movement in the right direction with increased volume @Faramir .

 

[Faramir]

Finally a bit of movement in the right direction with increased volume @Faramir .

Up 30% today. At least every else knows how to pick up my discarded scraps This is the story of my life

 

[Faramir]

SHN:ASX Announcement - Significant Increase in Liontown Resource - 07 Feb 2024

Read SHN's full ASX announcement titled "Significant Increase in Liontown Resource" from 07 Feb 2024, on Market Index.

www.marketindex.com.au

Significant Increase in Liontown Resource
116% increase in Indicated Resource to 1.85mt (63% of total)​

Highlights

• The Liontown JORC 2012 Mineral Resource (“Resource”) has increased 21% to 2.94mt @ 10.6% ZnEq1. This includes a 116% increase in Indicated Resources to 1.85mt @ 10.9% ZnEq, now 63% of the total Resource.
• The Resource contains a 10% increase in contained gold to 132koz Au and 60% increase
  in contained copper to 29kt Cu, further supporting Sunshine’s recent Au-Cu focus.
• The upgraded Liontown Resource has increased the Ravenswood Consolidated Project’s
  total Resource to 5.45mt @ 12.0% ZnEq1, a 10% increase with the Indicated Resource now
  at 47% of the total.
• Drilling is underway at Liontown, targeting Au and Cu rich pumice breccia and feeder fault
  zones in the footwall zone of the Liontown Resource

There aren’t no sunshine when she’s gone
There aren’t no sunshine when she’s away

There aren’t no sunshine when you abandon Sunshine for the next month’s tipping comp and decide to choose another dud instead