Ann: Robust Maiden Resource at Triumph Gold Project, page-4

HIGHLIGHTS
• Maiden Resource delivered in 16 months since drilling commenced in December 2020 at a discovery cost of
A$20.83 /oz, plus acquisition cost of A$3.39 /oz.
• Resource independently prepared by Measured Group, Brisbane.
• Bulk of the Resource is located over ~1.25 km of strike in the Triumph Southern Corridor. Accordingly, the
Resource comprises only ~25% of the >5km long Southern Corridor with significant potential to grow along strike
and at depth. Further untested geophysical targets are likely to extend the Southern Corridor further still.
• All Resources are open along strike and at depth and are expected to grow steadily over 2022. The next planned
Resource update will be in the December 2022 quarter following extensional drilling in mid-2022.
• Encouragingly, initial metallurgical test work indicates recoveries in excess of 96%. Further metallurgical test work
on new diamond drill core is anticipated to allow for the conversion of a portion of the Inferred Resource to
Indicated Resource.
• Drilling is scheduled to recommence in June 2022.
Sunshine Gold’s Managing Director, Damien Keys commented: “We are pleased to report a maiden Resource at
Triumph from a modest amount of drilling. The low cost per ounce of the Resource addition is testament to the
systematic nature of the exploration effort. Our team has successfully targeted and drilled a robust Resource within
the first 16 months since acquisition. All this while conducting first pass exploration at Ravenswood West, Hodgkinson
and Investigator.
The maiden Resource at Triumph has initially focussed on small centres within the broader Southern Corridor – a
mineralised network of coalescing faults and veins. There is certainly scope to extend the known mineralisation as the
Resources remains open along strike and at depth. Mineralisation along the broader Southern Corridor, identified in
previous drilling and IP geophysical data, is expected to further expand the Resource during 2022.
Drilling will recommence at Triumph in June 2022, with a focus on extending the Resource in the Southern Corridor
and delineating new Resources in the Northern Corridor near historic workings.”