Sunrise Resources Plc CS Project - Commercial Trials (4726Z)
September 03 2018 - 1:00AM
UK Regulatory
TIDMSRES
RNS Number : 4726Z
Sunrise Resources Plc
03 September 2018
SUNRISE RESOURCES PLC
("Sunrise" or "the Company")
3 September 2018
CS PROJECT - COMMERCIAL TRIALS
Sunrise Resources plc, the AIM-traded company focusing on the
development of its CS Pozzolan-Perlite Project in Nevada, USA, is
pleased to provide the following project update.
Bulk Sampling (Market Development)
Ø Bulk sampling completed for first commercial-scale trials of
natural pozzolan and perlite by potential offtakers:
o 100 tons of natural pozzolan mined and supplied to a potential
large customer for commercial-scale testing.
o 8 tons of perlite mined for testing pursuant to a marketing
MOU signed earlier this year with a potential customer.
Ø Contract awarded to SGS for processing perlite bulk sample to
horticultural perlite grades.
Mine Design
Ø Internal mine planning work completed. Contract awarded to SRK
Consulting to prepare mine designs for inclusion in the Company's
permitting Plan of Operations & Reclamation Permit.
Executive Chairman Patrick Cheetham commented: "This phase of
bulk sampling marks an important transition from exploration,
bench-scale testing and smaller scale customer trials to
commercial-scale testing and market development. This is
progressing hand-in-hand with mine design, plant design and mine
permitting."
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
Northland Capital Partners Limited
Nominated Adviser & Joint Broker
Matthew Johnson/Edward Hutton/
Jamie Spotswood (Corporate Finance)
Isabella Pierre (Corporate Broking) Tel: +44 (0)20 3861 6625
SVS Securities Plc
Joint Broker
Tom Curran/Ben Tadd Tel: +44 (0)203 700 0093
Detailed Information
Bulk Sampling (Market Development)
The Company has, last week, completed the mining of two bulk
samples for commercial scale testing.
A 100-ton sample of natural pozzolan has been extracted from the
Main Zone and provided to a potential large customer for
commercial-scale testing.
An 8-ton sample of perlite has also been mined and is in transit
to SGS Lakefield in Canada for crushing, grinding and screening
with the objective to produce coarse horticultural grade raw
perlite. Tests will also be carried out to determine the mechanical
properties for crushing and grinding circuit design. This
processing work will take approximately four weeks. The SGS graded
perlite will then be submitted to a perlite company for expansion
testing in line with a marketing MOU announced earlier this
year.
The sites for the bulk samples have been chosen based on
extensive drilling and laboratory testing to deliver representative
high-quality samples of pozzolan and perlite to potential
customers. Samples of the material delivered to customers will be
re-tested by the Company for quality control purposes, but the
customers' own test results will be proprietary to them and held
confidential.
Mine Design
The Company has completed all of its internal mine planning work
and a contract has been awarded to leading international mine
consultants SRK Consulting in Reno, Nevada, to provide final mine
designs for inclusion in the Company's permitting Plan of
Operations and Reclamation Permit.
Whilst a substantially longer mine life is anticipated, an
initial 15-year mine plan has been developed divided into three
phases of open-pit build out. This will allow for progressive
bonding of the mine reclamation to minimise the initial reclamation
bond.
SRK's work will take up to 4 weeks to complete.
End
About Natural Pozzolan
Pozzolan is a cementitious material that can partially replace
ordinary Portland cement in cement and concrete mixes in amounts up
to 35%. Natural pozzolans, therefore, have strong "green"
credentials as the production of Portland cement is responsible for
5% of the global man-made carbon dioxide emissions with nearly one
tonne of carbon dioxide (CO(2) ) generated for each tonne of cement
produced. Natural pozzolans can also improve the strength and
chemical resistance of concrete. Natural pozzolans can also replace
industrial by-product pozzolans in cement such as coal fly ash. The
availability and quality of fly ash is under threat as coal-fired
power stations are phased out in favour of natural gas plants and
fly ash quality becomes more variable due to increased emission
control legislation.
About Perlite
Perlite is a glassy raw material which, when heated in a
furnace, pops like popcorn and expands by up to 20 times in volume
into a white or pale coloured, low density material. Expanded
perlite is used in various industrial and household applications
such as insulation, paint texturing, building materials, filter
aids, insulating industrial cryogenic storage vessels and as a
potting medium in gardening and horticulture to aid water retention
and aeration of the soil. Some perlites can also be used as a
natural pozzolan.
Note:
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 unduly 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: https://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 rns@lseg.com or visit www.rns.com.
END
MSCDMGFRKMVGRZM
(END) Dow Jones Newswires
September 03, 2018 02:00 ET (06:00 GMT)
Sunrise Resources (LSE:SRES)
Historical Stock Chart
From Apr 2024 to May 2024
Sunrise Resources (LSE:SRES)
Historical Stock Chart
From May 2023 to May 2024