Sunrise Resources - CS PROJECT AGREEMENT, REGARDING PROCESSING PLANT
SUNRISE RESOURCES PLC
CS PROJECT AGREEMENT, GRINDING & MINERAL PROCESSING PLANT
The Agreement is made with the owners of the Plant,
The Plant operated successfully until the 1980s and comprises a large ball mill, mill building, gantry cranes and downstream silver leaching and extraction plant. The Plant will require additional permits and significant modification if it is to be used for producing a ground pozzolan product including the addition of front-end crushing facilities and mill-downstream size classification. The Plant site has mains power connected, highway access and is located on a parcel of private land owned by
The Agreement provides for a 9-month period during which the Company can carry out due diligence to evaluate the adaptability of the Plant for grinding pozzolan. If the Plant is unsuitable the Plant area could be leased as a favourable site for a completely new pozzolan grinding plant.
Should the Company's due diligence prove positive the Agreement allows
Should the Company proceed with the Lease Agreement it will pay to Tonopah Resources an annual lease payment of
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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Tel: +44 (0)1625 838 884
Nominated Adviser and Broker
Tel: +44 (0)207 628 3396
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Shares in the Company trade on AIM under the symbol "SRES" and also on the NEX Exchange (Secondary Market).
Location Plan: Millers Grinding Plant and Proposed Lease Area
This information is provided by RNS, the news service of the
Quick facts: Sunrise Resources PLC
Market Cap: £3.46 m
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