M&A

Sunshine looks at new gold prospect near Ravenswood

Ground being divested by Stavely

Staff Reporter
 Sunshine is looking to pick up ground in the Ravenswood region, Qld

Sunshine is looking to pick up ground in the Ravenswood region, Qld

An option over ground covering 392sq.km has been signed, with the tenure said to be "highly prospective for intrusion-related and orogenic gold, porphyry gold-copper-molybdenum and rare earth elements". 

Limited exploration drilling has been undertaken on the ground over the past 40 years, according to Sunshine. 

Stavely's focus is in Victoria. 

Sunshine holds the Triumph, Hodgkinson and Investigator exploration prospects in Queensland, and had cash at the start of the quarter of $4.6 million. 

The company's managing director is Damien Keys, a geologist who previously led teams at Spectrum Metals, Black Cat Syndicate, Silver Lake Resources and Gold Fields. 

Sunshine is a re-boot of the old Pelican Resources. 

Shares in Sunshine have recently traded at 6.8c, capitalising the company at $30 million.  

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.