We’ve finalised a binding sale and purchase agreement with EQ Resources to divest the Hodgkinson Project in Queensland for $250,000 total cash consideration, subject to completion, further boosting our cash position as we finalise the recent $19 million Share Placement and $7.6 million Share Purchase Plan.
The divestment allows Sunshine to focus funds and efforts on refurbishment, construction and final permitting of the Mt Moss Gold Plant in Queensland, progressing toward gold production from Liontown in mid-2027, as well as exploration of the highly prospective Sybil epithermal field.
Current works are focussing on engineering design and pre-construction works associated with the Mt Moss Gold Plant, Resource and mining study updates at Liontown and exploration work at the Sybil epithermal gold targets.
Read the full
$SHN ASX Announcement here:
wcsecure.weblink.com.au/pdf/…
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