Sunshine Gold Limited has completed Farm-In and Joint Venture Agreements for the Lighthouse tenements, which are now part of the consolidated Ravenswood West Project. Key Commercial Terms and Conditions. Sunshine Gold has entered into a Farm-In and Joint Venture agreement with Rockfire to earn into Lighthouse.

The agreement will see Sunshine earn- into 75% of the project by spending $2.2 million over 3 years. The key terms of the Agreement include: The Agreement covers two tenements being EPM25617 and EPM26705. There is no upfront consideration payable by Sunshine.

Sunshine has the right to earn up to a 75% Interest by sole funding $2.2 million of expenditure over 3 years. At the conclusion of the Farm-In, Rockfire has 60 days to elect to either: contribute its 25% share of Expenditure; or convert its 25% share to a 1.5% Net Smelter Royalty. Sunshine may withdraw at any time during the earn-in period and retains no interest.

Sunshine will manage the project.