Sunshine Metals (ASX:SHN) has started an advanced scoping study at its Ravenswood consolidated project in North Queensland, to consider the extraction of gold and silver, according to a Wednesday filing with the Australian bourse.
Metallurgical testing is underway, and mine design and approvals will begin shortly, the filing said.
The study is expected to be completed in January 2026, the filing added.
Shares of the company rose 9% in recent Wednesday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.