logo-loader
viewSunrise Resources PLC

Sunrise Resources lands mine permit for CS perlite-pozzolan project

"This positive mine permit decision comes after 2½ years of mine planning, environmental studies and reporting," said chairman Patrick Cheetham

Sunrise Resources PLC - Sunrise Resources lands mine permit for CS perlite-pozzolan project

Sunrise Resources PLC (LON:SRES) told investors it has received a mine permit for the CS perlite-pozzolan project in Nevada, USA.

It means the project can move into the trial mining stage, along with advancing detailed engineering work, financial modelling and mine finance evaluation.

READ: Sunrise sees only minor comments on environment assessment

Chairman Patrick Cheetham described it as “a major value-adding milestone” for the company which puts the project on the map as just one of few permitted deposits of perlite and high-quality natural pozzolan in the United States.

"This positive mine permit decision comes after 2½ years of mine planning, environmental studies and reporting and I am very proud of the tremendous effort put in by our employees with limited budgets and resources,” Cheetham said in a statement.

“We can now move forward with the staged development of mining and mineral processing operations at the CS Project free from the ground disturbance limitations that have previously constrained our ability to extract and process large scale samples for customer development. This is required to secure offtake agreements and the grant of the mining permit will be a major catalyst in this process.”

He added: “The mine permit comes at a propitious time as cement industry demand is growing for natural pozzolan as a fly ash replacement and the horticultural demand for perlite is increasing with the rising cultivation of medicinal marijuana.”

Quick facts: Sunrise Resources PLC

Price: 0.205 GBX

AIM:SRES
Market: AIM
Market Cap: £6.79 m
Follow

NO INVESTMENT ADVICE

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...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Sunrise Resources chairman hails mine permit for CS perlite-pozzolan project

Sunrise Resources PLC's (LON:SRES) Patrick Cheetham speaks to Proactive's Polly Middlehurst soon after securing a mine permit for the CS perlite-pozzolan project in Nevada, USA. The development means the project can move into the trial mining stage, along with advancing detailed engineering...

4 days, 5 hours ago

2 min read