The principal activity of the Company is the acquisition, exploration and development of mineral projects, primarily in the western USA.
Our strategy is to develop the CS Pozzolan-Perlite Project through to profitable production in order that the Company’s activities become self-funding and to unlock the value inherent in its portfolio mineral projects through sale, joint venture or other arrangements.
The Company’s Business Model is to acquire 100% ownership of mineral assets at minimal expense. This usually involves staking claims as was the case for the CS and NewPerl Projects or applying for exploration licences from the relevant authority, as was the case in Australia. In other cases, rights are negotiated with existing project owners for initially low periodic payments that rise over time as confidence in the project value increases and this was the case for the Bay State Silver Project.
The Group currently operates with a low-cost base to maximise the funds that can be spent on value adding exploration and development activities. The Company’s administration costs are reduced via a cost sharing Management Services Agreement with Tertiary Minerals plc.
The CS Project
The Company’s CS Pozzolan-Perlite Project in Esmeralda County, Nevada, USA, covers large deposits of natural pozzolan and perlite and is planned as the company’s first development project. Click here to read fur
NewPerl Project, Nevada
The NewPerl Prospect is located about 85 miles from the CS Project and was discovered using the same technology that lead to the discovery of the CS perlite and pozzolan deposits. Click here to read more.
Jackson Wash Project, Nevada
The Jackson Wash Project is 16km away from the Company’s NewPerl Project in Nevada. These claim blocks were originally part of the NewPerl Project but for permitting reasons have now been split out into this separate project. Test results on reconnaissance samples have thus far indicated a significant perlite target for horticultural grade perlite. Click here to read more.
Pozzolan is defined 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. Click here to read more.
Perlite is a glassy raw material which, when heated in a furnace, pops like popcorn and expands by up to 20 times in volume into a white or pale coloured low density material. Click here to read more.
Executive Chairman - Patrick Cheetham
Mr Cheetham is the founder of the Company. He is a mining geologist with 37 years experience in mineral exploration and 32 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.
Senior Non-Executive Director - David Swan
Mr Swan is a Chartered Accountant with a career focus in the natural resource industries. He joined Arthur Andersen after graduating in 1977, and from 1991-1996 acted as Chief Financial Officer 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 the position as Chief Financial Officer of Oriel Resources plc undertaking the IPO, TSX listing and reverse take-over of a major smelting business, until its eventual sale to Mechel Group for $1.4bn.
Non-Executive Director - Roger Murphy
Mr. Murphy joined as non-executive director in May 2016. Former 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 former CEO of African Battery Metals Plc, 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.
Company Secretary – Rod Venables
Mr Venables is a qualified solicitor who worked for 6 years in private practice, specialising in company and commercial law, before moving to the financial services sector. He worked in corporate finance and corporate broking with a number of stockbroking and advisory firms, including Greig Middleton & Co Limited, Old Mutual Securities Limited, Allenby Capital Limited and Northland Capital Partners Limited, focusing on equity capital markets and, in particular, the AIM market. Over the last 30 years, he has advised the boards of both private and public companies, based in the UK and overseas. He has experience across a wide range of sectors but, in recent years, he has been mostly involved with the resources, technology and support services sectors. He is a Director and Head of Company Secretarial Services at City Group PLC and is Company Secretary for Tertiary Minerals plc.
Sunrise Resources plc (Registered in England & Wales Company No. 05363956)
SK10 2BB, United Kingdom
Tel : +44 (0)1625 838 884
Fax : +44 (0)1625 838 559
Administration email : [email protected]
SK10 2LP, United Kingdom
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