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Sunrise Resources passes another milestone on its CS Pozzolan-Perlite project

"I am pleased to be reporting that our mine permitting process has moved into a significant and more advanced stage this week with the passing of another critical milestone," said Patrick Cheetham, the executive chairman of Sunrise.

Truck leaving CS Pozzolan site
Sunrise had a successful key meeting with the US Bureau of Land Management at the end of July

Sunrise Resources PLC (LON:SRES) is now on the regulatory fast track with its permitting application for the CS project in Nevada, USA.

The company said that following a meeting with the US Bureau of Land Management, it is now able to progress the project through the National Environmental Policy Act (NEPA) process in accordance with the streamlined NEPA process that was mandated by an executive order of President Trump and in compliance with the quicker and less intense Environmental Assessment process rather than the longer Environmental Impact Statement process.

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At the meeting with the Bureau, the information and reporting requirements for the Environmental Assessment were established. The requirements include the preparation of various supplemental environmental reports that set out the impacts of the CS Pozzolan-Perlite Project on various resources (e.g. water, air quality, wildlife, soils and vegetation etc.).

Sunrise said most of the supplemental environment reports have already been drafted as far as was possible ahead of this meeting and can now be completed quickly. Once finalised, the information from the reports, plus the company's baseline studies and plan of operations will be combined into the Environmental Assessment document, which will subsequently be put forward by the Bureau for public comment as a part of the final permit approval process.

“We continue to believe we are on track to be fully permitted later in the fourth quarter of this year,” said Patrick Cheetham, the executive chairman of Sunrise.

Shares in Sunrise were up 3.3% at 0.075p in earlydeals.

Quick facts: Sunrise Resources PLC

Price: 0.11 GBX

AIM:SRES
Market: AIM
Market Cap: £3.41 m
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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