Sunrise Resources PLC (LON:SRES)

Sunrise Resources PLC (LON:SRES)


Share Price
0.09 p
Change
-0.0025 (-2.78 %)
Market Cap
£2.41 m
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Sunrise Resources PLC RNS Release

CS PROJECT - SUBMISSION OF PLAN OF OPERATIONS


RNS Number : 7983Y
Sunrise Resources Plc
13 May 2019
 
13 May 2019

SUNRISE RESOURCES PLC

("Sunrise" or "the Company")

 

CS PROJECT - SUBMISSION OF PLAN OF OPERATIONS

& NEVADA RECLAMATION PERMIT APPLICATION

 

Sunrise Resources plc (ticker symbol 'SRES'), the AIM-traded company focusing on the development of its CS Pozzolan-Perlite Project in Nevada, USA, is pleased to advise that it has submitted its combined Mine Plan of Operations/Nevada Reclamation Permit Application ("Plan of Operations") to the US Bureau of Land Management (BLM) and the Nevada Division of Environmental Protection's Bureau of Mining Regulation and Reclamation (NDEP & BMRR).

 

The combined document has been submitted simultaneously to the two above-mentioned regulators and sets out in detail how the mine will be developed over time and how the mine will be reclaimed over its lifetime and on closure.

 

In the Company's announcement of 30 October 2018, a three-phase 15-year mine plan was outlined providing the option to mine pozzolan from either the Main Zone pit or the Tuff Zone pit, or both with separate alternative mine plans developed for pozzolan in each zone. The Plan of Operation now submitted includes both alternatives and envisages a longer, 27-year, mine life where both perlite and natural pozzolan are mined from the Main Zone in Phases 1-3 (years 1-15) with pozzolan continuing to be mined in the Tuff Zone in a new Phase 4 (years 16-27).

 

The Plan of Operations also includes programmes of drilling and bulk sampling to run concurrently with mining. These exploration programmes will test for extensions of perlite and natural pozzolan which are open ended and project beyond the current pit limits. This includes evaluation of the extensive Northeast Zone which so far has been tested by a single drill hole which intersected 40m of high quality natural pozzolan from surface. Previous exploration suggests that the Northeast Zone target extends over an area at least as large as the Main Zone.

 

The Plan of Operations will now be reviewed by the BLM and when deemed complete the BLM will initiate the Environmental Assessment process as required under the National Environmental Policy Act (NEPA). Additional detail on the permitting process was given in the Company's news release dated 24 April 2019.

 

The Company has also completed its Emissions Inventory as an additional baseline study for the Environmental Assessment process and this will also form the basis of the Company's Air Quality Permit application to NDEP.

 

Commenting today Sunrise Executive Chairman Patrick Cheetham said: "This is a key milestone in the permitting of the CS Project following months of hard work by our small team. We look forward now to progressing the project on several fronts as we continue to advance the project towards production."

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. 

 

Further information:

 

Sunrise Resources plc

Patrick Cheetham, Executive Chairman

Tel: +44 (0)1625 838 884

 

Beaumont Cornish Limited

Nominated Adviser

James Biddle/Roland Cornish

Tel: +44 (0)207 628 3396

 

SVS Securities Plc - Broker

Tom Curran/Ben Tadd

Tel: +44 (0)203 700 0093

Note:

 

1.   The news release may contain certain statements and expressions of belief, expectation or opinion which are forward-looking statements, and which relate, inter alia, to the Company's proposed strategy, plans and objectives or to the expectations or intentions of the Company's directors. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such forward-looking statements. Accordingly, you should not rely on any forward-looking statements and save as required by the AIM Rules for Companies or by law, the Company does not accept any obligation to disseminate any updates or revisions to such forward-looking statements.

 

 

Shares in the Company trade on AIM. EPIC: "SRES". Website: www.sunriseresourcesplc.com

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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