OREMAVEN
XMM 7,722.00 -2.63% YTD +5.6% OM ASX 450.55 -2.56% YTD +0.1% OM PRECIOUS 349.20 -2.24% YTD +2.5% OM EX-PREC 418.91 -2.72% YTD -1.1% XAU 4,115.59 +2.31% YTD -4.9% GLD 375.49 +0.81% YTD -5.2% GDX 85.75 +1.37% YTD -0.0% SIL 77.33 -1.00% YTD -7.3% COPX 70.23 -5.81% YTD -1.8% URNM 40.07 -2.79% YTD -27.0%
2026-11-06
◂ Monitor SS1 ASX

Sun Silver Limited

Resource Stage · Silver · Gold · United States Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.805
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$149.3M
EV
A$126.4M
Cash
A$23.1M
Debt
A$226.8K
2 newer ASX announcements not yet reflected in this valuation

Funding, performance and ownership

Financials & Capital

As of 2026-06-30
Cash A$23.1M Finite
Debt A$226.8K Net cash A$22.9M
Basic shares 185.5M 2026-09-08
Runway 5.33 quarters June Appendix 5B available funding of A$23.134m divided by A$4.335m quarter operating and exploration outgoings gives 5.33 quarters; the half-year balance sheet verifies A$23.13444m cash and term deposits.

Liquidity

Financial position

A$23.134m cash and term deposits and A$0.227m lease liabilities at 30 June support near-term drilling and studies, but no construction financing or committed facility is disclosed. Annual Artemis royalty advance is a recurring lease obligation.

Capital structure

Ownership and dilution

Ordinary shares
185.5M
Fully diluted
205.5M

184,011,922 ordinary shares at 30 June; 1,500,000 nil-consideration shares issued on 8 September raise the denominator to 185,511,922. Separately, 11,500,000 new rights raise outstanding performance rights to 16,455,000; 3,500,000 options remain. Fully diluted issued-security basis is 205,466,922. A further 13,000,000 proposed director rights require the 22 October shareholder vote and are excluded until issue.

Security classes3
ClassTypeQuantityStrikeExpiry
ASX SS1 ordinary fully paid sharesOrdinary Share185.5M——
Options exercisable at A$1.00 expiring 21 August 2027Option3.5MA$12027-08-21
Unquoted performance rights after 300,000 rights lapsedPerformance Right16.5MA$0—

KPI history

Operating metrics

Source values by period
Operating metric source table2
MetricProjectPeriodPeriod typeValueStatus
OtherMaverickQuarter ended 30 June 2026Quarter3,866,000 AUD exploration paymentsReported
OtherMaverickHalf-year ended 30 June 2026Half Year6,034,560 AUD exploration and evaluation cash paymentsReported
Company guidance2
MetricProjectPeriodLowHighStatus
Maiden Scoping Study / Pea ReleasemaverickEnd 2026 to early 2027, subject to drilling and technical work—— milestoneCurrent
Pre Feasibility Study Market ReleasemaverickDuring 2027, following scoping study and resource advancement—— milestoneCurrent

Capital history

Capital events

1 events · newest first
DateEventAmountSharesPriceStatusTerms
2025-08-01Ann. 2025-07-24RaisingOrdinary Fully Paid SharesA$30M32.6MA$0.92CompletedA$30 million institutional placement before costs at A$0.92 per share.Max 32.6M · Period 2025-07-24 to 2025-08-01

Contracts and ownership

Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.

Complete As Disclosed · as of 2026-09-26

2025 audited notes establish the lease and both royalties; 2026 half-year notes confirm their continued application; July Bayan agreement gives the acquisition consideration and royalty. No live hedge, stream, offtake, JV, tolling, or free carry was identified in reviewed filings.

Mining lease conveys 100% legal and beneficial rights over 247 core claims, subject to continuing operations and royalties; Artemis receives NSR and the annual advance.

Royalty · Active
Counterparties
Artemis Exploration Company
Applies to
Maverick Silver Project · Silver · Gold · Others
Economic direction
Mixed
Period
Dates not stated
Key terms
Silver NSR above US$8.50/oz: 5.9 %
Gold NSR above US$550/oz: 5.9 %
Other metals NSR: 2.9 %
Annual advance royalty due 1 October: 100,000 USD/year
How it affects our valuation

No valuation treatment is available for this arrangement.

Maverix receives a 1.5% net smelter royalty on all minerals produced and sold from Maverick Springs.

Royalty · Active
Counterparties
Maverix Metals (Nevada) Inc.
Applies to
Maverick Silver Project · Silver · Gold · Others
Economic direction
Burden
Period
Dates not stated
Key terms
NSR on all minerals produced and sold: 1.5 %
How it affects our valuation

No valuation treatment is available for this arrangement.

Binding acquisition of 116 claims remains conditional as no completion evidence was identified by cutoff; seller receives staged and contingent cash and a 1% NSR if completed.

Other · Conditional
Counterparties
Bayan Mining and Minerals Ltd
Applies to
Bayan Springs North Project · Silver · Gold · Others
Economic direction
Mixed
Period
Dates not stated
Key terms
Completion cash: 150,000 AUD
Twelve-month deferred cash: 150,000 AUD
Discovery contingent cash: 500,000 AUD
Seller retained NSR: 1 %
How it affects our valuation

No valuation treatment is available for this arrangement.