Sunstone Metals Limited: Secures AU$5 million for Expanding Gold-Copper-Silver Discoveries

Sunstone Metals Limited (ASX: STM) joyfully announces the successful acquisition of AU$5,024,000 through a share placement at AU$0.012 per share. This placement, extended to existing institutional and sophisticated shareholders along with new investors, includes contributions from directors and management totalling AU$170,000 pending shareholder approval. The capital raised will be allocated towards targeted exploration at the Bramaderos and El Palmar projects in Ecuador.

Specifically, the focus at Bramaderos aims to expand the high-grade gold-silver Limon target through surface exploration and delineate additional drilling prospects. Simultaneously, El Palmar's exploration will continue to define near-surface high-grade gold-silver opportunities and reinforce porphyry gold-copper targets. Exploration at Verde Chico, adjacent to El Palmar, has initiated follow-ups on historical high-grade gold findings. Morgans Corporate Limited served as the Lead Manager and Bookrunner for this placement, comprising 418,666,667 new shares, including director-allocated shares pending shareholder approval and shares issued within the Company's available capacity.

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