Sunshine Mineral Reserves

Ticker: Private 
Project Name: Sand River Gold Project, Beisa Uranium-Gold Project 
Project Location: South Africa 
Commodity Exposure: Gold, Uranium 
Company & Project Background: BEISA URANIUM-GOLD 89,2 Mlb of U3O8 at 0,83 kg/t and 2,6 Moz Gold By-Product.  
Beisa Uranium-Gold Project is an exciting uranium-gold project in the world-renown Witwatersrand Basin in the southern Welkom Goldfield, South Africa. The Project contains one of the largest uranium resources in South Africa, consisting of two Prospecting Rights that are abutting the historical Beisa Uranium Mine. On 31 August 2023, Sunshine declared SAMREC compliant Inferred resources for the combined Beisa North and Beisa South Projects of 89,23 Mlb of U3O8 and 2,63 Moz of gold for the Beisa Reef and 1,54 Moz of Inferred gold resources at 3,14 g/t for the Beatrix Reef. A total of 86 boreholes were considered for resource estimations, representing more than 80 km of drilling.  

SAND RIVER GOLD PROJECT 17,63 Moz of gold at 5,38 g/t and 15,49 Mlb of U3O8 at 0,07 kg/t.  
The Sand River Project is the third largest new gold discovery in the past 10 years. Sand River Gold is an advanced-stage project and is situated in the world-renown Witwatersrand Basin in the southern Welkom Goldfield in South Africa. Sand River Gold’s Mineral Resource Statement is based on more than 90 km of drilling (41 boreholes, ±408 deflections and >1 500 reef intersections), as well as 58 boreholes on neighbouring properties. On 31 August 2023, Sunshine declared SAMREC compliant combined Indicated and Inferred resources of 17,63 Moz of gold at an average grade of 5,38 g/t for a massive 102 million tonnes of ore, at a cut-off grade of 250 cmg/t. The uranium by-product resource is 15,49 Mlb of U3O8. Underground and surface infrastructure is potentially available to Sunshine.