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EPIC: SRES
Market: AIM
52-week High/Low: 0.33p / 0.12p
Sector: Mining
Market Cap: 1.90M
Phone: +44 (0)845 868 4590
Address: Silk Point, Queens Avenue, Macclesfield, Cheshire SK10 2BB.
Website: www.sunriseresourcesplc.com/index.html
Sunrise Resources Plc

Sunrise Resources Plc

Sunrise Resources plc is an AIM-traded diversified mineral exploration and development company.

The Company's objective is to develop profitable mining operations to sustain the Company's wider exploration efforts and create value for shareholders through the discovery of world-class deposits.

The Company holds a royalty interest from EP Minerals in a diatomite project in Nevada and holds a number of other industrial minerals projects. The Company has diamond and gold exploration interests in Western Australia and has active exploration projects on a number of base and precious metal projects in Nevada, USA.

Shares in the Company trade on AIM on the London Stock Exchange under the symbol "SRES"

Sunrise Resources plc is also traded on the ISDX Exchange

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Big picture - Why invest in Sunrise Resources Plc


Sunrise Resources Plc Snapshot

Aim

The Company's aim is to develop profitable mining operations to sustain the Company's wider exploration efforts and create value for shareholders through the discovery of economic mineral deposits.

Strategy

The Company's strategy is to acquire, explore and develop mineral projects in stable, democratic and mining friendly jurisdictions - targeting advanced projects which have the potential to generate a sustaining cash flow as well as near-drill stage projects where there is potential for significant mineral discovery. The Company believes that Industrial Minerals projects offer a faster route to cash flow than conventionl base metals projects due to lower permitting thresholds. The County Line Diatomite Project and the Bay State Silver Project are respectively examples of this two-pronged strategy. Mineral development is a high risk business and as a result Sunrise Resources seeks to limit country risk by working only in countries that have low levels of corruption and political risk.

Business Model

The Group's business model has established it as an efficient and low cost explorer. Sunrise Resources identifies mineral project opportunities through internal research and prefers to acquire its business interest by licencing of 'open ground' from the relevant authority. This allows the Company to acquire 100% ownership of valuable assets, often at minimal cost. Sunrise Resources is focused on the quality of the opportunity rather than a specific commodity or industrial mineral. For operational synergies and cost the Company prefers to generate new projects in commodities or geographical areas where it already has interests. An example of this is the acquisition of the Corona and Baker's Gold Projects in the same region as the Company's Cue Diamond Project in Australia. The Board seeks to run the Company with a low cost base in order to maximise the amount that is spent on exploration and development as this is where value can be added. Through the cost sharing arrangement with Tertiary the Company has the services of their 5 full time employees who also oversee a range of carefully selected and experienced consultants and contractors as and when work requires. In exploring for world class mineral deposits we accept that not all our exploration will be successful but also that the rewards for success can be spectacular. We therefore expect that our shareholders will be invested for the potential for capital growth taking a long-term view of management's good track record in mineral discovery and development. The Company finances its activities through periodic capital raisings, as share placings and through other innovative equity based financial instruments. As the Company's projects become more advanced there may be strategic opportunities to obtain funding for some projects from future customers via production sharing, royalty and other marketing arrangements.

Bay State Silver Project

Project Overview

Nevada, also known as "The Silver State" has been, and continues to be, a prolific producer of silver. The historic Bay State Silver Mine is located in the Newark Mining District, 15km east of the town of Eureka in central Nevada. Eureka is on US Highway 50 and is the administrative centre for Eureka County which hosts a number of major mining operations. The project is accessed from the sealed Newark Valley Road which runs within 1,500m of the property boundary.

Geology, Previous Exploration and Results

The historical mine workings of the Bay State Silver Mine are located in an east-west striking canyon (known as Mining Canyon) cutting though the eastern slopes of the Diamond Range. The workings occur within limestones and dolomites of the Devonian Nevada Formation.

The Bay State Patents were originally located in 1863 and patented in 1874.

The mine was worked for silver in the 1870s by the Bay State Silver Mining Company and then again in the 1900s by the Newark Silver Mining Company. Mining focused on two main NW-SE striking veins sets. The largest workings are on the Chihuahua and Buckeye State Patents which together cover a strike length of some 900m and extend north and south of Mining Canyon along the Chihuahua vein system. Two shafts were sunk on the border between these two patents, near the floor of the canyon and are reported to extend to a depth of 120m with production mainly from extensive stopes above the 60m level both north and south of Mining Canyon.

In 1932 the project was bought out in a mortgagee sale and in 1942 was leased and later purchased by the now deceased relatives of the current owners after they discovered tungsten mineralisation (coarse grained scheelite) in the flat lying stockworks of the upper Chihuahua and Lincoln mine workings. In the period 1942-1944, 1,493 tonnes of high grade tungsten ore was sold to the government for wartime use but mining ceased in 1944 following the cancellation of wartime sales contracts. A further 9,000 tonnes of hand-picked tungsten ore was shipped in 1951 and there are reports of the Mining Canyon gravels having been worked for alluvial deposits of tungsten.

In the 1970s and 1980s over 20,000 tonnes of surface waste was removed for silver extraction. A contemporary surface plan shows a number of drill hole locations but it is not clear if these were all drilled.

Records of silver production from the Bay State Mine are poor but the few existing records show a mined grade of over 20 ounces per ton of silver. It is unlikely a grade below that could have been commercially worked at the time, as evidenced by the assays of the Company's grab samples from material left behind and the re-processing of large tonnages of waste material in the 1970s and 80s.

A 250m long adit ("the Chihuahua Adit") was driven north on the Chihuahua vein from the canyon floor. The vein is described as a well-defined fissure-type quartz-calcite vein varying between 0.3 and 4.6m wide which splits periodically into stockworks up to 15m wide. The vein was mined above the adit for most of its length until workings hit a zone of stockwork veining, party replacing bedding in the host limestone which dips at 22 degrees to the north. A similar stockwork zone was found at the end of the Chihuahua Adit where it was reported to be 6m thick. Four winzes with small stopes extend 12-18m below the Chihuahua Adit.

Drilling

The Company has permitted 17 drill sites and in August-September 2015 three drill holes were completed in Phase 1 of the drilling targeting the northern and central sections of the Chihuahua vein system over a strike length of 320m.

High-grade silver mineralisation encountered in all three drill holes, e.g.:

  • 1,460 g/t silver (42.6 oz/ton) over 0.2m from 164.13m in Hole 15SRDD002
  • 566 g/t silver (16.5 oz/ton) over 0.5m from 70.71m in Hole 15SRDD001
  • 503 g/t silver (14.7 oz/ton) over 1.4m from 185.32m in Hole 15SRDD003

All three drill holes were drilled from the west side of the vein system. The silver bearing vein zones are characterised by silicification, spotty sulphide mineralisation (galena and tetrahedrite) and staining with secondary copper minerals.

The results are considered to be highly encouraging and justify further drilling.

For more information on this project, along with a video walk-through of the Bay State Silver Mine Chihuahua Adit and photographs from the 2015 drilling program, please visit the Company website by clicking here

 

County Line Diatomite Project

The Company controls 109 claims over an area of 8 square kilometres on the border of Mineral and Nye counties in Nevada, 200km southeast of the city of Reno. The claims cover an occurrence of the industrial mineral diatomite.

What is Diatomite?

In its raw form Diatomite is a valuable industrial rock formed by the accumulation in marine and fresh water lake environments of vast quantities of skeletal material from single celled aquatic algae called diatoms.

Diatoms have hollow and lattice-like silica skeletons and the mass accumulation of these skeletons during algal blooms forms a rock with very high porosity suitable for use as a filtration medium. After processing, which can include heating to a high temperature (calcining) to improve quality, diatomite is used, for example, in filtering beer, liquor, wine, fats, fruit juices, and solvents. Commercial deposits of diatomite have a high brightness, a low bulk density and chemical inertness which also make it a suitable filler or carrier material in various industrial and domestic products.

Diatomite is widespread throughout the western USA but large and pure deposits are less common and represent an attractive target. Nevada is already a major producer of diatomite and together with California makes up the largest part of the total US annual production of approximately 800,000 tonnes of diatomite which comes from 10 mines and 9 process plants.

For a new project to be of commercial interest the chemical and physical quality of the diatomite needs to be very high. Sampling and testing of samples by an independent third party has confirmed the suitability of the tested material for the production of high value filter aid material.

Lease Agreement

In December 2015 the Company signed an agreement to lease the County Line Project claims to world leading diatomite producer EP Minerals, LLC.

Should EP Minerals proceed to develop the leased claims, Sunrise will be entitled to receive a revenue based royalty.

The lease agreement allows EP Minerals to continue its evaluation of the Company's 109 claims for an 18 month period. Before the expiry of this period, should EP Minerals wish to continue the Lease, it must nominate no more than 60 contiguous claims to which the Lease will then apply and make an initial payment to the Company of US$450,000.

In order to ensure that any production is advanced in a timely manner EP Minerals must, three years after initial payment, make further minimum royalty payments to Sunrise in the amount of US$75,000 at the start of Year 4 and US$150,000 at the start of Year 5 and each subsequent year for the duration of the Lease. EP Minerals has the right to withdraw from the Lease at any time.

The initial and the minimum annual royalty payments to Sunrise will be offset against actual royalty entitlements but any excess Sunrise royalty entitlement will be paid to Sunrise on a six-monthly basis from the start of the Lease.

The Lease term is 25 years and is renewable for two further 25 year periods. Sunrise will be free to continue its own exploration on those 49 or more claims that do not form part of any ongoing lease agreement with EP Minerals. This will allow the Company to consider future diatomite developments outside the leased area, whether or not competitive with EP Minerals.

The agreement provides the Company with significant revenue potential at no further cost or risk to shareholders and provides an excellent model for other industrial minerals projects currently under consideration.

For more information on our other projects, please visit the Company website by clicking here

 

Cue Diamond Project

Introduction

The Company is exploring for diamonds in an area 70km to the north-west of the town of Cue in the Murchison Mineral Field in the Yilgarn Craton of Western Australia.

The project area was explored by De Beers in the period 1994-2002 during which time De Beers discovered a number of kimberlite dykes in two separate areas within the Company's application area - Cue 1 and Soapy Bore. Kimberlites in these localities are diamondiferous.

Drill samples of the Cue 1 and Soapy Bore kimberlite were assessed as indicating an overall low diamond grade for this particular kimberlite but the geochemical evaluation using Mineral Services' Mantle MapperTM technology has indicated a high prospectivity for the region.

The Company has discovered a number of surface occurrences of kimberlite float which point to the potential for new diamond discoveries. One of these, Target 5, has yielded a strong microdiamond count which makes it a priority target for further work.

Mantle Mapper™

It is well established that the diamond content of individual kimberlite bodies within a kimberlite field can be highly variable with non-diamondiferous, low grade and high grade kimberlites often present in the same field. Furthermore, the diamond content of an individual kimberlite body can be variable between different phases of that same kimberlite.

Mantle Mapper™ is a procedure developed by Mineral Services to quantitatively analyse the abundance and composition of key mantle-derived minerals (indicator minerals) in kimberlite. This allows quick, cost-effective and reliable evaluation of the diamond potential of the host body as well as an assessment of the nature and general diamond prospectivity of the mantle sampled.

Diamond Prospectivity

The samples so far evaluated for diamond grade come from a very limited part of the Cue 1 kimberlite dyke and the Soapy Bore dyke so it is important at this early stage of exploration to establish not just the prospectivity of different parts of the same body but also the general diamond prospectivity of other kimberlites in the same field. Mineral Services proprietary Mantle MapperTM procedure is a powerful tool in this evaluation.

Mineral Services has processed a 10kg sample of the Cue 1 kimberlite for recovery of kimberlite indicator minerals ("KIMs"). The sample was processed for extraction of KIMs and their composition determined by microprobe analysis. This mineral composition data was combined with similar data obtained for KIMs extracted from the 36kg Cue 1 kimberlite surface sample.

The KIMs recovered from the samples have characteristics consistent with derivation from a kimberlite. The concentration of KIMs in the samples is very low. While weathering processes may have played a role in reducing KIM abundance (in particular that of the silicate minerals garnet and clinopyroxene), the data are interpreted by Mineral Services to indicate low original concentrations of these minerals, consistent with the low macrodiamond grade inferred on the basis of microdiamond results.

Significant and positive technical findings of the Mantle MapperTM analysis reported by Mineral Services are as follows:

  • Calculated pressures and temperatures for chrome diopside imply some deep sampling by the ascending kimberlite magma of garnet peridotite from significant depths on a cool cratonic geotherm (a fertile source for diamonds).
  • Compositions of the limited number of peridotitic garnets recovered, particularly the presence of two G10 (diamond associated harzburgitic composition) grains, confirm that some high pressure diamond bearing peridotite has been incorporated and that peridotitic diamonds will likely be present, albeit in probable very low quantities within the material sampled.
  • Ilmenite compositions reflect neutral redox conditions at the time of kimberlite emplacement and so diamond resorption (which can reduce the size of the diamonds) is not likely to have impacted the diamond population.

Mineral Services concludes that whilst the results obtained for samples evaluated to date indicate a very low diamond potential for that part of the body that they represent, the indicator mineral data suggests the area in which it occurs is broadly prospective for diamonds.

Other Targets

The Company's field work has led to the discovery of a number of surface occurrences of kimberlite float which point to the potential for new diamond discoveries. One of these, Target 5 has yielded a strong microdiamond count which makes it a priority target for further work.

The Company's latest drilling programme has resulted in the discovery of three new kimberlite dykes which now require further evaluation.

For more information on our other projects, please visit the Company website by clicking here

 

Pozz Ash Project

Project Overview

The production of cement is responsible for 5% of the global man-made carbon dioxide emissions with nearly one tonne of CO2 generated for each tonne of cement produced. Cement manufacturers are therefore under strong pressure to minimise their carbon footprint and the use of pozzolan as a partial replacement for Portland cement in cement and concrete mixes is one way in which this is being achieved.

Pozzolan is defined (ASTM C125) as a siliceous or siliceous and aluminous material, which in itself possesses little or no cementitious value but will, in finely divided form and in the presence of moisture, chemically react with calcium hydroxide (lime) at ordinary temperatures to form compounds possessing cementitious properties.

The Romans perfected the use in natural pozzolan/lime mixtures over 2000 years ago and “Roman” cement was the main cement used until Portland cement became popular in the early 1900s and established as the main hydraulic cement used today.

In addition to reducing greenhouse gasses, the use of pozzolan can provide benefits in terms of long-term strength and stability in cement and concrete.  Natural pozzolans can also replace the use of industrial by-product pozzolans in cement such as coal fly-ash. The availability and quality of fly ash is under threat as coal fired power stations are phased out and quality becomes more variable due to increased emission control legislation.

Natural pozzolans are therefore experiencing a resurgence in demand based on their strong “green” credentials. Today, pozzolans are used as a direct additive to concrete mixes and as a partial replacement for cement in amounts of up to 35% of the cementing material.

The Pozz Project

The Pozz Volcanic Ash Deposit was recognised by the Company as being of possible commercial interest during recent prospecting work in Nevada.

Analysis of a single grab sample identified a favourable chemistry and mineralogy and was followed up by a mapping programme and the collection of further samples. Based on these sampling results, claims have now been staked to secure the Company’s interest in the deposit.

Pozzolans are usually evaluated against a standard published by ASTM International, a standards organisation that develops and publishes consensus technical standards for a wide range of materials. ASTM Standard C618 defines the chemical and physical requirements for pozzolans, including Class “N” natural pozzolan.

All of the samples collected so far from the Pozz Deposit exceed the chemical requirements of ASTM standard C618 by a significant margin and show remarkably consistent chemistry, even over a 2km distance. This chemical consistency is important to cement manufacturers wanting to produce a consistent product

For more information on this and other projects, please visit the Company website by clicking here

 

Baker’s Gold Project

The Baker's Project comprises 6 prospecting licences located 25 km south east of Meekatharra and 26km to the north of the Company's Corona Gold Project. It covers 10.29 sq.km. on the eastern limb of the Meekatharra Greenstone Belt. This belt has yielded over 5.5 million ounces of gold and contains a number of producing gold mines including the Andy Well high grade gold deposit being developed by Doray Minerals Ltd.

Generally, the eastern limb of the Meekatharra Belt has not seen the same density of exploration as other parts of the belt.

Within the licence application area, the Baker's gold prospect produced a small quantity of gold from small scale workings between 1980-84. The licence has seen various rounds of historical exploration including separate programmes of wide spaced percussion drilling. This generated a number of anomalies that Sunrise plans to follow up including gold mineralisation in historic drill hole DLR 04 completed by Australian Consolidated Minerals in 1987 which averaged 0.55g/t gold (Au) over the 22m interval from 2m down hole depth to the end of hole at 24m and where the final 2m sample (from 22-24m depth) assayed 1.17g/t Au. No follow up drilling was carried out.

The project area is strategically located covering a 4.5km strike length of highly prospective ground in the centre of Doray Minerals Ltd's Meeka East project and to the south of Doray's Side Well gold project where Doray has reported significant drill results.

For more information on our other projects, please visit the Company website by clicking here

 

Junction Gold Project

As a result of the Company's reconnaissance sampling programmes in Nevada the Company has staked 15 claims to cover a new area of gold mineralisation in Nevada which now forms the Company's Junction Gold Project.

The project is located far from any modern-era gold mine or deposit. It has, however, previously been prospected for copper with old bulldozer trenches and shallow excavations scattered over the 1.2 sq km area targeting copper mineralisation in quartz veins in granite in a northeast trending zone. The copper mineralisation is spotty in nature and contains only low gold values (generally less than 0.5 grammes/tonne (g/t) gold).

Parallel to, and to the northwest of the main copper zone, the Company has identified a northeast striking gold zone where at least one quartz reef (c. 1m wide) is exposed in a number of locations but most of the zone and its potential strike extensions are soil covered. Five grab samples taken from exposures of the quartz vein over a strike length of 240m all contain gold with assays ranging from 1.3 to 12.9 g/t gold, averaging 5.6 g/t gold. Two samples of altered granite wall rock from near the reef assayed 1.6 and 3.8 g/t gold suggesting potential for more significant widths of gold mineralisation. The gold zone samples are low in copper.

Two grab samples of quartz taken from a separate quartz reef 275m to the southeast also contained significant gold values with assays of 3.3 and 16.2 g/t gold. This reef occurs within the main copper zone but the samples are low in copper, suggesting that the gold and copper mineralisation may be spatially related but formed in two separate episodes of mineralisation.

The significance of this new gold find remains to be determined but initial sampling results are very favourable.

For more information on our other projects, please visit the Company website by clicking here

 

Corona Gold Project

The Corona project comprises exploration licence E51/1586 in the Murchison Mining District of central Western Australia.

The licence area is located 80km north-east of the town of Cue, 26km to the south of the Company's Baker's Gold Project and 150 km east of the Company's Cue Diamond Project. It covers 38.44 sq.km. within the Meekatharra Greenstone Belt which has yielded over 5.5 million ounces of gold and contains a number of producing gold mines including the Andy Well high grade gold deposit being developed by Doray Minerals Ltd.

The Corona Project is also located immediately north of the Quinn's Mining Centre, a significant gold producing area and the focus of recent base metal discoveries. The project takes its name from the historic Corona Gold Mining Lease where a high grade gold reef was mined in the period 1910-1911 producing 159 tonnes of ore having a recovered grade of 17 g/t Au.

The application area has undergone only limited exploration as historical mapping of the area misclassified much of the licence area as unprospective granite. Recent mapping demonstrates that the area is underlain by more prospective greenstone.

Historical exploration in the licence area has been carried out by two companies - Homestake (1986) and Gold Mines of Australia (WA) NL ("GMA":1995-6).

Homestake was first attracted to the area on the basis of very high grade reconnaissance samples taken from the Corona Mine area which returned values up to 28g/t gold. Homestake carried out wide spaced geochemical drilling along a structure believed to be associated with the high grade reef, collecting only base-of-hole geochemical samples. This defined a northeast trending gold anomalous zone coincident with the main Corona workings which was open to the northeast, but not followed up.

Subsequently GMA carried out wide spaced soil sampling and rock chip sampling at Corona that confirmed the high gold values but no drilling or follow up work was carried out in the Corona area.

Sunrise Resources has carried out a soil sampling programme at Corona and believes that the high grade gold reef at Corona presents an immediate drill target with potential for the discovery of Andy Well style high grade gold mineralisation.

For more information on our other projects, please visit the Company website by clicking here

 

Garfield Silver-Gold-Copper Project

The Garfield Project is located approximately 10km east of town of Hawthorne, the County seat of Minerals County.

Twenty found claims were staked in June 2014 to cover a gossan discovered by the Company during regional reconnaissance that has returned high grades of gold, silver and copper (6% copper, 3.5g/t gold, 4 ounces/tonne silver).

The Company has completed a small soil sampling programme which has defined a discrete gold-copper anomaly in soils associated with the gossan discovery.

The claims are located within the large Walker Lane mineral belt, a major fault zone running parallel to the Nevada-California border. This mineral belt has been a prolific producer of gold and silver from epithermal deposits such as the famous deposits at Comstock and Tonapah. Over 50 million ounces of gold have been discovered so far in the Walker Lane belt.

The Walker Lane belt also hosts a number of major porphyry and skarn type copper and molybdenum deposits (e.g. the famous Anaconda/Yerrington copper mine) and also large Iron-Oxide-Copper-Gold deposits such as the Pumpkin Hollow deposit (5.2 billion lbs of contained copper in reserves) under active development by Nevada Copper Corporation.

The extent and significance of the mineralisation on the Garfield claims is currently unknown due to the extensive cover of scree from surrounding hills but the mineralisation does not appear to have been drill tested and presents an exciting target for immediate follow up.

For more information on our other projects, please visit the Company website by clicking here

 

Strike Copper-Gold Project

The Strike Copper-Gold prospect is located approximately 200km southeast of Reno, Nevada. Six claims were staked in February 2014 to cover an area of outcropping oxide-copper mineralisation.

The claims are located within the large Walker Lane mineral belt, a major fault zone running parallel to the Nevada-California border. This mineral belt has been a prolific producer of gold and silver from epithermal deposits such as the famous deposits at Comstock and Tonapah. Over 50 million ounces of gold have been discovered so far in the Walker Lane belt.

The Walker Lane belt also hosts a number of major porphyry and skarn type copper and molybdenum deposits (e.g. the famous Anaconda/Yerrington copper mine) and also large Iron-Oxide-Copper-Gold deposits such as the Pumpkin Hollow deposit (5.2 billion lbs of contained copper in reserves) under active development by Nevada Copper Corporation.

At the Strike Copper-Gold Prospect oxide-copper minerals outcrop at surface and have been exposed in a number of prospector workings and bulldozer trenches in what appears to be a skarn geological environment. Historical exploration appears to have been limited although one record refers to a single drill hole which intersected 30m at 0.98% copper in the first 30m from surface.

This is an early stage project that warrants further evaluation and it is anticipated that a limited and low cost programme of exploration could add substantial value. The work programme will depend on results of sampling but is likely to include geochemical sampling to define drill targets.

For more information on this and other projects, please visit the Company website by clicking here

 

Derryginagh Barite Project

The Company holds a Prospecting Licence for base metals, barite, silver, gold and platinum group elements near Bantry, County Cork, in the south-west of the Irish Republic.

The Company is targeting the Derryginagh barite deposit for the production of high value white "paint-grade" barite for use as mineral filler in paints and plastics. The Company's original concept was for a modest scale project that could be developed with a low capital cost.

Since acquiring the project in late 2009 the Company has carried out a number of significant work programmes including drilling, metallurgical and marketing studies.

The results of this work were incorporated into a technical and economic Scoping Study completed by Wardell Armstrong International ("WAI") in late 2012. The study highlighted the need to define additional reserves and improve on the metallurgical performance of the testwork carried out so far. These are realistic objectives and work at present is concentrating on developing market opportunities with potential off-take partners which, if realised, will stimulate this further work.

For more information on this and other projects, please visit the Company website by clicking here

 

Directors & Senior Management

Executive Chairman – Patrick Cheetham

Mr Cheetham is the founder of the Company. He is a mining geologist with 29 years experience in mineral exploration and 23 years in public company management. Mr Cheetham started his career as an exploration geologist in Australia with Western Mining Corporation and prior to that worked for Imperial Metals Corporation in British Columbia, Canada. From 1986 to 1993 he was joint managing director of Dragon Mining NL, during which time he was responsible for the formation of that company, the identification of and acquisition of its exploration projects, its listing on the Australian Stock Exchange and the subsequent development of its exploration projects. Patrick co-founded Archaean Gold N.L. in 1993 - the subject of a successful $50 million takeover bid by Lachlan Resources NL. He is currently also Chairman of Tertiary Minerals plc.

Non-Executive Director - Roger Murphy

Mr. Murphy joined as non-executive director in May 2016. He is currently the MD, Investment Banking, of Dundee Securities Europe Ltd. which he joined in 2012 to establish the London office with an emphasis on capital raising for mining and oil & gas companies. Previous positions include MD Renaissance Capital, successfully raising capital for a variety of companies, and Head of Sales for Canaccord Adams where he was also a member of its UK Executive Committee. Earlier in his career in the finance industry he worked in mining sales for Deutsche Bank, as a mining analyst for both Deutsche Bank and SG Warburg and as a researcher for the World Gold Council. Mr. Murphy holds a B.Sc. Hons in Geology, a M.Sc. in Hydrogeology and an MBA. Prior to joining the mining finance industry he worked as a geologist for a number of years for various companies, including Anglovaal Mining and British Petroleum.

Non-Executive Director - David Swan

Mr. Swan is a Chartered Accountant with a career focus in the retail and natural resource industries. He joined Arthur Andersen after graduating in 1977, and from 1991-1996 acted as Chief Financial Officer (CFO) or Finance Director for a number of ASX listed mining companies. He returned to the accounting profession in 1996 as Group Leader of the Mining and Resource Group at Ernst & Young in Sydney. After relocating to the UK in 2001 he continued his involvement in the natural resources industry including a position as CFO of Oriel Resources plc undertaking the IPO, TSX listing and reverse take-over of a major smelting business. He has also held various other non-executive directorships, the most recent of which being Everfor Resources plc (formerly Everfor Diamonds plc and Lubel Coal Company Ltd.

Company Secretary - Colin Fitch MA, LLM, FCIS, Barrister-at- Law

Colin Fitch is a Barrister-at-Law, and was previously Corporate Finance Director of Kleinwort Benson, Partner and Head of Corporate Finance at Rowe & Pitman (SG Warburg Securities) and Assistant Secretary at the London Stock Exchange. He has also held a number of non-executive directorships of public and private companies, including Merrydown Plc. Since retiring from full time work he is currently non-executive director of African Lakes and was until recently Company Secretary of both Ridge Mining plc and Cluff Gold.

Sunrise Resources plc (Registered in England & Wales Company No. 05363956)

Head Office:

Silk Point

Queens Avenue

Macclesfield

Cheshire

SK10 2BB, United Kingdom

Tel : +44 (0)1625 838 884

Fax : +44 (0)1625 838 559

Administration email : [email protected]

 

Registered Office:

Sunrise House

Hulley Road

Macclesfield

Cheshire

SK10 2LP, United Kingdom

 

Media & Investor Relations

[email protected]

Broker & Nominated Adviser

Northland Capital Partners Limited
60 Gresham Street
4th Floor
London
EC2V 7BB

 

Joint Broker

Beaufort Securities Limited
60 Gresham Street
4th Floor
London
EC2V 7BB

 

Auditors

Crowe Clark Whitehill LLP
3rd floor
The Lexicon
Mount Street
Manchester
M2 5NT

 

Solicitors

Gowlings (UK) LLP
15th Floor - 125 Old Broad Street
London
EC2N 1AR

 

Registrars

Capita Asset Services
The Registry
34 Beckenham Road
Beckenham
Kent
BR3 4TU

Tel: 0871 664 0300
Oversees Helpline: + 44 208 639 3399

Sunrise Resources Plc Timeline

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May 23 2016

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