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Sunstone Metals Ltd (ASX:STM)

ALERT: Price-sensitive ASX Announcement for STM
Current share price for STM : $0.195 0.173 (786.36%)+
Announcement
Release
20 Jan 2026 9:15AM
Price at Release
$0.022
Full Release
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Summary
Sunstone Metals Ltd has reported on its exploration and development activities for the Bramaderos Gold-Copper Project and El Palmar Gold and Copper Project, both in Ecuador, with a significant increase in mineral resources and exploration targets. The Bramaderos Project's Mineral Resource Estimate (MRE) increased by 33% to 3.6Moz AuEq, partly due to the discovery of new resources at Melonal and Brama-Alba. An Exploration Target of 345-549Mt at 0.45-0.73g/t AuEq was established, including a new target at Copete-Porotillo. The El Palmar Project released its inaugural MRE of 1.2Moz AuEq, highlighting its potential as a large open pit opportunity. Financially, the company raised A$8 million through a share placement and had a closing balance of 6.79 billion shares. Cash flow activities reflected a net cash increase due to financing activities, offsetting operating and investing cash outflows.
Key Points
  • Bramaderos Project Mineral Resource Estimate increased by 33% to 3.6Moz AuEq.
  • Bramaderos Exploration Target of 345-549Mt at 0.45-0.73g/t AuEq.
  • New Exploration Target at Copete-Porotillo of 135-180Mt at 0.4-0.6g/t AuEq.
  • El Palmar Project released inaugural Mineral Resource Estimate of 1.2Moz AuEq.
  • Sunstone Metals raised A$8 million through a share placement.
  • Closing balance of 6.79 billion shares at end of December 2025.
  • Projected cash available for future operations is estimated to last 3.5 quarters.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.