Sunrise Resources - CS PROJECT - UPDATE
SUNRISE RESOURCES PLC
20 September 2019
CS PROJECT - UPDATE
The Company advises that good progress has been made since the last mine permitting update on 31 July when the remaining permitting steps were set out.
All of the Supplemental Environmental Reports ("SERs") previously in preparation have now been completed and submitted to the lead regulator, the
The information from the SERs, the Company's baseline studies and Plan of Operations are now being combined into the Environmental Assessment "(EA") document. The preparation of the EA is nearly complete and on approval of the SERs by the BLM this document will be submitted and put forward by the BLM for public comment as a part of the final permit approval process which is now an expedited process under recent government directives.
Since the last permitting update, the BLM has introduced a hydrological baseline study as a new permitting requirement for mining projects. Whilst completing the SERs and drafting the EA, the Company has completed and submitted this baseline study to the BLM for approval so as not to delay the permitting process.
The Company's permitting timeline remains on track.
The Company has been advancing its plans for the initial production of perlite and pozzolan using mobile processing equipment typically used in the quarry industry. The Company has been working with equipment suppliers to cost and source the required process plant and has received cost proposals for the rental of the various plant items in line with the Company's objective to develop the project at minimal capital cost. This development option aims to produce a horticultural grade perlite and a finely crushed natural pozzolan for direct feed to customers' grinding facilities.
Following the reporting of further successful commercial scale perlite expansion tests the Company has received strong enquiries from a number of potential new perlite customers. The Company now plans a series of larger commercial scale tests and intends to process the 100-ton perlite bulk sample currently located on site to produce additional supplies of crushed and screened horticultural grade raw perlite for supply to these new customers. Consideration is also being given to processing a bulk sample from the
Commenting today Sunrise Executive Chairman
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
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Shares in the Company trade on AIM under the symbol "SRES" and also on the NEX Exchange (Secondary Market).
This information is provided by RNS, the news service of the
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