Sunrise Resources Plc CS Project- Update (9355I)
August 14 2019 - 2:00AM
UK Regulatory
TIDMSRES
RNS Number : 9355I
Sunrise Resources Plc
14 August 2019
14 August 2019
SUNRISE RESOURCES PLC
(the "Company")
SUCCESSFUL MINERAL PROCESSING & PERLITE EXPANSION TRIALS
Sunrise Resources plc (ticker symbol 'SRES'), the AIM-traded
company focusing on the development of its CS Pozzolan-Perlite
Project in Nevada, USA, is pleased to announce successful proof of
concept perlite processing trials and expansion of horticultural
grade perlite in further customer trials.
Highlights
-- Company is progressing a low capital cost concept to produce
a horticultural grade raw perlite and by-product finely crushed
natural pozzolan using mobile processing equipment.
-- Work completed with equipment suppliers to trial mobile
primary and secondary crushers and high frequency screens to prove
the concept.
-- 7-ton bulk sample of perlite processed to produce a
horticultural grade raw perlite and a finely crushed perlite for
sale as natural pozzolan.
-- Horticultural grade raw perlite product expanded successfully
in customer's commercial scale plant.
-- Process flowsheet now being optimised.
-- Larger trial planned for 100-ton bulk sample already
collected to produce larger amounts of horticultural grade perlite
for supply to a wider range of potential customers.
-- Horticultural grade raw perlite is a higher price perlite
product and typically sells for around US$100/t.
Commenting today Sunrise Executive Chairman Patrick Cheetham
said: This is an important step in proving the concept for a low
capital cost start for perlite and natural pozzolan production at
the CS Project. We have demonstrated that the perlite can be
crushed and screened to the sizes required for expanding to
horticultural grades of perlite using mobile processing equipment
commonly used in the quarry industry. This equipment is widely
available for rent, lease or purchase, new or second-hand, which is
consistent with our low capital cost concept. This should allow us
to get into production quite quickly once permitting is completed
later this year. The test was primarily designed to provide
operating data for the raw perlite processing rather than samples
for expansion testing so it is a bonus that we have now been able
to complete a further successful commercial scale expansion trial
with a second customer."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Further information:
Sunrise Resources plc Tel: +44 (0)1625 838 884
Patrick Cheetham, Executive
Chairman
Tel: +44 (0)207 628 3396
Beaumont Cornish Limited
Nominated Adviser and Broker
James Biddle/Roland Cornish
Additional Information.
The Company's strategy is to develop the CS Pozzolan-Perlite
Project at a low capital cost.
The Company's concept is to sell run-of mine-natural pozzolan
where possible and to produce a coarse horticultural grade raw
perlite and a by-product finely crushed perlite for sale as natural
pozzolan using mobile plant of the type typically used in the
quarry industry to produce rock sand.
The Company is working to prove this concept and in April 2019
the Company sent a 7-ton bulk sample of perlite to a large quarry
equipment supplier in Nevada for primary crushing using a mobile
Horizontal Shaft Impact crusher.
The primary crushed product was then sent to a second quarry
equipment supplier in California for secondary crushing, using a
Vertical Shaft Impact crusher, and screening using high frequency
screens to produce a horticultural grade of raw perlite and a fine
sized perlite suitable for use as a natural pozzolan once
ground.
The primary objective of this work - funded by the equipment
suppliers - was to provide operating data for refinement of the
process flowsheet and information on operating cost parameters.
Whilst not the primary objective, the test work produced enough
horticultural grade raw perlite to justify a second commercial
expansion test.
The results of the first commercial expansion test at a customer
facility were reported on 30(th) October last year and that test
used a finer sized horticultural grade raw perlite produced for the
Company under laboratory conditions.
The new material was sent to a second potential customer and was
successfully expanded in a commercial sized furnace.
Following these successful plant trials, the Company is now
working with its equipment suppliers to assemble an integrated
crushing and screening plant close to the project in order to
process the 100-ton sample of perlite that was extracted earlier
this year. This pilot scale work will allow for additional tonnages
of horticultural grade raw perlite to be produced and sent to a
wider range of customers.
Shares in the Company trade on AIM under the symbol "SRES" and
on the NEX Exchange (Secondary Market).
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
MSCQXLFFKVFFBBZ
(END) Dow Jones Newswires
August 14, 2019 02:00 ET (06:00 GMT)
Sunrise Resources (LSE:SRES)
Historical Stock Chart
From Mar 2024 to Apr 2024
Sunrise Resources (LSE:SRES)
Historical Stock Chart
From Apr 2023 to Apr 2024