History & Background

2021

Jan

Sunstone announces the divestment of the Southern Finland Gold Project in two transactions.

Feb

Phase 2 porphyry drilling commences at the Bramaderos project, with focus on the Brama target

May

Sunstone sells approximately half of its shares in Copperstone Resources AB at an average of SEK 0.81 per share to raise ~$10.3 million.

May

Sunstone announces the signing of a Letter of Intent to sell its 83.6% interest in its Finland Lithium project to United Lithium Corp listed on the Canadian Securities Exchange (‘CSE:ULTH’).

Aug

Sunstone commenced drilling at the El Palmar copper-gold porphyry project in northern Ecuador.

2020

Jan

Sunstone announces that the terms of the Bramaderos Earn-in Joint Venture with TSX-V listed Cornerstone Capital Resources (TSXV:CGP) have been amended to provide Sunstone with an immediate 87.5% interest and Cornerstone with a loan-carried 12.5% interest.

Mar

The global coronavirus pandemic results in exploration activities being suspended at Bramaderos. Activities resume in May 2020

May

Sunstone raises $4.1 million in over-subscribed Placement and SPP

Aug

Sunstone agrees to acquire highly promising El Palmar copper-gold porphyry project in Ecuador through a Staged Acquisition. El Palmar is located on the same regional structure as the 2.7Bt Cascabel Project, and 14km west of the 1Bt Llurimagua copper deposit.

Nov

Sunstone reaches an agreement with Copperstone Resources AB for early payment of $4.1 million for the Tranche 2 future consideration considered in the Viscaria sale agreement.

2019

Mar

Transaction to sell the Viscaria Copper Project in Sweden to Copperstone Resource AB closes. Deal comprises SEK 40 million in cash (~A$6 million) and 160 million new shares in Copperstone (valued at ~A$24.4 million at Copperstone share price of SEK 1.015). Upon issuance of an Environmental Permit for Viscaria, Sunstone will receive an additional 46 million shares in Copperstone and SEK 20 million in cash.

Apr

Environmental licence at Bramaderos received and drilling commences

Jul

Drilling at the Brama target at the Bramaderos Project delivers mineralised porphyry over 160m

Jul

 Drilling at the Limon target at the Bramaderos Project identifies porphyry mineralisation.

Aug

Sunstone meets the expenditure requirements of US$3.4 million on the Bramaderos Project in order to earn 51% interest

Sep

Sunstone receives $4.8 million from the underwriting and exercise of Options at $0.03 and $0.032

2018

May

Surface exploration activities at Brama and Limon gold-copper porphyry targets within the Bramaderos Project in Ecuador return strong results.

Nov

 Sunstone raises $2 million via an over-subscribed placement.

2017

Feb

Viscaria regional exploration ongoing, and further exploration targets developed at Satulinmäki in southern Finland

Apr

Agreement signed to earn a majority interest in the highly prospective Bramaderos gold-copper porphyry project in southern Ecuador through a partnership with Cornerstone Capital Resources.

Jul

Sunstone raises $3.3 million in heavily over-subscribed Placement and SPP to fund exploration at the Bramaderos gold-copper project in Ecuador

Sep

New Director Stephen Stroud appointed to replace the retiring Crispin Henderson

Sep

Company changes its name from Avalon Minerals Limited to Sunstone Metals Limited. The Board believes that the name of the Company should reflect its strategic direction, and with the Company’s move into Ecuador, the focus is shifting from Scandinavia alone, with which the name Avalon Minerals has been historically associated. A Sunstone is a fabled mineral that the Vikings used to navigate as they explored the world beyond Scandinavia, therefore the Board believe that Sunstone Metals is the ideal name to carry the Company on its journey to explore beyond Scandinavia.

Nov

Sunstone raises $4.9 million via an over-subscribed placement. The placement introduced a high proportion of institutional interest

2016

Apr

Updated Viscaria Scoping Study delivered

May

Joint venture entered into with Canadian company Nortec Minerals Corp. over the Kietyönmäki lithium occurrence and Satulinmäki and Riukka gold occurrences in southern Finland, and additional ground also secured in the area. $4.6 million raised to fund the exploration in Finland and progressing the Environmental and Social Impact Assessment (‘ESIA’) in relation to the Viscaria Copper Project, Sweden.

Jun

 Sunstone builds a lithium portfolio in Finland and Sweden.

Aug

Drilling commences in Finland on both lithium and gold targets

2015

Jan

$5 million in funding raised throughout 2015 via Placements and a 1 for 2 Rights Issue

Dec

Viscaria Copper Project Scoping Study released. The Scoping Study determined that the Viscaria Copper Project demonstrates robust project fundamentals with low technical risk 

2014

Mar

Appointment of Mr Malcolm Norris as CEO and Managing Director, and  a new management team for the company with further appointments over the following 12 months of General Manager Studies and Technical Services, Mr Ray Robinson, CFO and Company Secretary, Mr Gavin Leicht, as well as Chief Geologist, Dr Bruce Rohrlach

2013

Jan

Appointment of Mr Graham Ascough as Chairman in December 2013

2012

Mar

New Chairman & Managing Director appointed, Office moves from Perth to Brisbane 

2008

Mar

Acquires the Viscaria Copper Project in Sweden which becomes the primary focus of the Company

2007

Mar

Listed on ASX. Initial focus on various exploration targets in Australia

2006

Dec

Company registered – Office in Perth