viewSunrise Resources PLC

Sunrise Resources hails “very busy year” as it reports final results

The firm said it had completed a commercial scale trial for production of horticultural grade expanded perlite with an MOU partner firm as well as ground natural pozzolan with a large cement company. at its CS project in Nevada

Sunrise's CS project is aiming to commercially produce Perlite, a mineral used in the horticultural industry

Sunrise Resources Plc (LON:SRES) has hailed a “very busy year” for its pozzolan, perlite, copper, silver, gold, and diamond projects as it reported its final results for the year.

The firm, which is focused on its key asset of the CS Pozzolan Perlite project in Nevada, said the project had completed a commercial scale trial for production of horticultural grade expanded perlite with an MOU partner firm as well as for ground natural pozzolan with a large cement company.

READ: Sunrise Resources to gain new shares in VR Resources as preparation begins for drilling at Junction project

Sunrise added that an initial 15-year mine plan had been completed during the year targeting production of up to 100,000 tonnes of perlite and 500,000 tonnes of natural pozzolan, with mine permitting targeting completion in the third quarter of 2019.

Outside of CS, the firm said it had discovered more perlite at its NewPerl project, expanding the claim holding by 250%, while it had also started drilling at the Junction Copper-Silver Gold project, through which it would receive 50,000 further shares in Junction’s operator VR Resources Ltd.

Meanwhile, Sunrise said it had also decided to surrender its Cue Diamond project in Australia, saying its strategy was to focus expenditure on the CS project.

Patrick Cheetham, executive chairman of Sunrise, said that the firm had also seen “a number of positive market developments this year, both for natural pozzolan and perlite”, which had resulted in “a high level of interest in our project from potential customers and the first commercial trials in customers' facilities”.

The company reported a loss before income tax for the year of £786,672 compared to £311,046 last year, while it ended the year with cash and cash equivalents of £235,722.

In late-afternoon trading, Sunrise shares were down 4.1% at 0.12p.

Quick facts: Sunrise Resources PLC

Price: 0.1031 GBX

Market: AIM
Market Cap: £2.84 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Sunrise Resources PLC named herein, including the promotion by the Company of Sunrise Resources PLC in any Content on the Site, the Company...



Sunrise Resources' Patrick Cheetham details permitting developments at CS...

Sunrise Resources PLC's (LON:SRES) Patrick Cheetham tells Proactive London's Andrew Scott he believes they're on track to be fully permitted later in the fourth quarter of this year for their CS Pozzolan-Perlite project in Nevada, USA. Sunrise has told investors that following a meeting...

on 1/8/19

2 min read