Sun Silver Limited
Sun Silver Limited (rebranded from Green Power Minerals, March 2024) holds the Maverick Silver project on the northwest flank of the Maverick Springs Range in northeast Nevada, just off the Carlin Trend. A JORC Inferred resource of 539 million oz silver-equivalent (71 g/t AgEq) makes it the largest pre-production primary silver deposit on the ASX and in the US. The company has expanded its land package to roughly 15km of prospective strike via the Bayan Springs North acquisition and new claim staking, targeting a Scoping Study in Q4 2026 and a PFS in Q2 2027.
Notable vs. Peers
- Jurisdiction risk score of 9/10 is meaningfully safer than the peer average of 6.8/10.
- Trading within 0% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Not yet determined: mill, tailings facility, grid power.
Jurisdiction (40%)9/10
Nevada: Fraser PPI 2025 is 100.00 of 100 (rank 1 of 68), which maps to 9 on this site's scale. Nevada, USA — top-tier, low political-risk mining jurisdiction.
Infrastructure (40%)6.4/10
Confirmed road access at Maverick Silver Project, Elko County, Nevada; existing mill, grid power, and tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)9.4/10
Bald Mountain (Kinross Gold Corporation) is 29 km away -- within regional-platform range.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:7.1/10
Nearest producing mine: Bald Mountain (Kinross Gold Corporation), 29 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:3.5/10
Stage: Resource Definition
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
United States: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:5/10
Primary commodity: Silver
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Managing Director of Sun Silver Limited. Experienced mining executive with over 20 years in exploration and mining, specialising in project development and strategic growth.
Chief Financial Officer of Black Bear Minerals Limited; also Chief Financial Officer of Sun Silver Limited. A 20-year experienced accountant (CPA), Director of Danpalo Group and accounting consultant to a number of various listed ASX companies.
Company Secretary of Black Bear Minerals Limited; also Company Secretary of Sun Silver Limited. An experienced company secretary and corporate advisor with over 15 years' experience advising public and private companies across a range of sectors.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Sun Silver's largest outside shareholder is Nokomis Capital, a US long/short equities hedge fund spanning multiple sectors rather than a dedicated resource specialist. No clean on-market insider buying was found.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Sun Silver, renamed from Green Power Minerals in March 2024, holds the Maverick silver project on the northwest flank of the Maverick Springs Range in northeast Nevada, just off the Carlin Trend. Its JORC resource is entirely inferred: 237.3 Mt at 45.5 g/t silver and 0.30 g/t gold, containing 347.2 Moz of silver and 2.25 Moz of gold (539 Moz silver-equivalent), with no measured or indicated category yet. The company has expanded its ground to about 15 km of prospective strike, and its four-rig 2026 drill program includes infill drilling aimed at upgrading part of the resource to the indicated category, as well as step-out holes such as 98.3 m at 120.3 g/t AgEq, with antimony, in hole MR25-235. Ausenco is leading the development studies, with a scoping study targeted for the fourth quarter of 2026 and a pre-feasibility study for the second quarter of 2027.