Proactive Investors - Run By Investors For Investors

Sunrise Resources reports progress on key projects in first half

“In anticipation of a busy second half of the financial year we look forward to reporting further progress as we develop the CS Project toward production," said chairman Patrick Cheetham.
Sunrise Resources
Sunrise Resources aims to complete the permitting process for the CS project in the fourth quarter

Sunrise Resources PLC (LON:SRES) said it remains “firmly focused” on developing its CS Pozzolan-Perlite Project in Nevada, USA, this year after submitting a plan of operations to regulators.

In its results for the six months to the end of March, the group said it is targeting completion of the permitting process for the project in the fourth quarter.

READ: Sunrise Resources gets the go-ahead for work programme at NewPerl

The plan of operations for the CS project, which sets out how the mine will be developed for production of natural pozzolan and perlite over time, has been sent to the US Bureau of Land Management and Nevada State regulators.

Elsewhere, the miner’s permit submission for exploration at the NewPerl perlite project in the US has been approved by the Bureau of Land Management.

The work programme is designed to test the Knoll prospect at NewPerl. The permit allows for eight drill holes and bulk sampling of up to 1,000 tons.

“Whilst we remain firmly focused on developing the CS Project in 2019, we now have enough confidence in the quality of the perlite on the NewPerl claims to consider this as a future ‘satellite’ feed to the CS Project and in particular for premium grades of perlite,” said chairman Patrick Cheetham.

At the group’s County Line Diatomite Project in Nevada there has been renewed interest from a potential customer that is now testing samples.

“These developments serve as a reminder of the value not only in the CS and NewPerl Projects but also our non-core projects as we continue our efforts to turn these to account,” Cheetham said.

“In anticipation of a busy second half of the financial year we look forward to reporting further progress as we develop the CS Project toward production.”

Cheetham said he was also encouraged to see VR Resources, in which Sunrise Resources holds shares, recently report the discovery of a major copper porphyry system on the Junction Project.

Sunrise Resources also owns holdings in Block Energy PLC (LON:BLOE), which has seen its shares rise after reporting progress in its Georgian oil interests.

View full SRES profile View Profile

Sunrise Resources PLC Timeline

Related Articles

May 09 2019
Gold explorer's next move is to carry out geophysical surveys at its main prospect
May 28 2019
In March, IronRidge reported multiple new high-grade lithium pegmatite intersections in reverse circulation drilling at Ewoyaa
This Nanocube Memory Ink targets the global multi-billion dollar printed electronics market
February 12 2019
It has an Internet of Things data ink along with Pilbara ground prospective for conglomerate gold.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use