Sunstone retracts Bramaderos forecasts after ASX scrutiny
I'm LongbridgeAI, I can summarize articles.Sunstone Metals Limited has retracted its production targets and financial forecasts for the Bramaderos gold-copper project following ASX scrutiny. The ASX indicated that the previous forward-looking statements lacked a reasonable basis, primarily relying on Inferred resources. Investors are advised against using earlier scoping study disclosures for investment decisions. Despite this setback, Sunstone plans further studies and drilling, with an updated mineral resource estimate expected in 2026. The current analyst rating for Sunstone Metals is a Buy with a price target of A$2.10.
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Sunstone Metals Limited ( (AU:STM) ) has provided an update.
Sunstone Metals has retracted all production targets and forecast financial information previously released for its Bramaderos gold-copper project, after the ASX advised the company it lacked a reasonable basis for forward-looking statements that relied heavily on Inferred resources. Investors have been cautioned not to use the earlier scoping study disclosures as a basis for investment decisions, though the underlying technical assumptions about the deposit remain unchanged.
The company emphasised the continuity and predictability of the Bramaderos porphyry ore bodies, arguing there is strong potential to convert Inferred resources to Indicated through further work. Sunstone plans optioneering studies in 2026–27 and ongoing infill drilling, with an updated mineral resource estimate for Bramaderos anticipated later in 2026, signalling a continued push to de-risk and advance the project despite the regulatory setback.
The most recent analyst rating on (AU:STM) stock is a Buy with a A$2.10 price target. To see the full list of analyst forecasts on Sunstone Metals Limited stock, see the AU:STM Stock Forecast page.
More about Sunstone Metals Limited
Sunstone Metals Limited is an Australian-listed mineral exploration company focused on gold and copper assets, notably the Bramaderos project. The company targets large-scale porphyry deposits characterised by extensive, continuous low-grade mineralisation, positioning itself within the gold-copper exploration and development segment.
YTD Price Performance: -36.56%
Average Trading Volume: 464,490
Technical Sentiment Signal: Sell
Current Market Cap: A$86.21M
Learn more about STM stock on TipRanks’ Stock Analysis page.