Sunrise Resources - CS PROJECT – RELEASE OF ENVIRONMENTAL ASSESSMENT
15 May 2020
SUNRISE RESOURCES PLC
("Sunrise" or "the Company")
CS PROJECT - RELEASE OF ENVIRONMENTAL ASSESSMENT
The public release of these documents represents the culmination of over 2 years solid work involving the preparation of a detailed Mine Plan of Operations/Reclamation Permit application (Mine Plan), extensive baseline field and desk environmental studies and the submission and approval of 14 separate SERs which form the basis for the EA. These documents have been prepared through extensive consultation with the BLM and, for the Mine Plan, with the
More detailed information is given below.
Commenting today Sunrise Executive Chairman
"We will move to initiate first production of perlite and natural pozzolan for larger scale customer trials as soon as possible after we receive a positive permitting decision with the expectation that this will transition to commercial production in due course on the commitment of potential customers to sales contracts."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
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Nominated Adviser and Joint Broker
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The EA is an environmental assessment of the Company's Mine Plan which sets out in detail how the mine will be developed over time and how the mine will be reclaimed over its lifetime and on closure. The EA also covers the Company's Plan of Development for Rights of Way (ROWs) to develop an existing access road and water well that will be used to supply water for dust control around the mine site, process plant and haulage roads.
These EA and SERS can be viewed and downloaded from the e-planning website of the lead regulatory authority, the
The Mine Plan envisages a 27-year mine life where both perlite and natural pozzolan are mined from the
Up to 22.9 acres of surface disturbance related to exploration activities will occur within the Project Area and will include programmes of drilling and bulk sampling which will allow extraction of much larger samples than have been permitted to date. These samples are required to secure sales contracts and generate initial cash flow. These exploration programmes will also test for extensions of perlite and natural pozzolan which are open ended and project beyond the current pit limits. This includes evaluation of the extensive
The EA and the SERs have been prepared at the direction of the BLM by the Company's environmental consultants
The Company has also submitted an Eagle Conservation Plan (ECP) to mitigate the impact of the project on the
The public will be given 30 calendar days to comment on the EA starting in the next few days with the exact start date to be advised shortly by the BLM on the eplanning website referenced above. The BLM will then address any substantive comments received and amend the EA if necessary and then issue its permitting decision. The Company anticipates a Finding of No Significant Impact (FONSI) which will allow mining to proceed subject to the issue of the State Reclamation Permit and the lodgement of the appropriate reclamation bond. The State Reclamation Permit is expected to be issued by the BMRR at or around the same time as the BLM decision.
Following the issue of the BLM's Decision of Record and FONSI the Company is required to submit a reclamation bond within 60 days and before mining can commence. The Company's Plan of Operations is phased, allowing the amount of the initial bond to be minimised. Initially only the drilling/bulk sampling will be bonded and the bonding for mining phases can be bonded very quickly thereafter, as required. A separate bond will be required for the access road and water well ROWs.
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: www.sunriseresourcesplc.com
This information is provided by RNS, the news service of the
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