Are Sunrise Resources Shareholders in for an early Christmas present?
“…With a CO2 busting portfolio, Sunrise Resources has natural alternatives to mine in 2021…”
With one tonne of cement production resulting in one tonne of CO2 emissions, it isn’t surprising that Sunrise Resources is in multiple off-take negotiations with potential customers seeking a concrete alternative to cement. That alternative is industrial mineral pozzolan.
Sunrise Resources has that in its portfolio. It also has perlite the volcanic raw material used in compost and crucially assists in water retention. Outside the lockdown obsession of potting plants there’s a chronic water shortage in some states in the US and perlite has bigger, wider applications beyond allotments and nurturing house plants.
In its latest investor portfolio update the company also addressed what the market may have missed in the previous week’s update about the Clayton Silver-Gold Project in Nevada. Drilling had reached and exceeded the target area and according to Executive Chairman Patrick Cheetham, what it revealed was: “really good indications of silver mineralisation in the target zone.” The company awaits the assay results and hopes to give investors an early Christmas present in terms of festive findings.
The immediate focus remains the Pozzolan-Perlite part of the portfolio with production penned for Spring 2021.
Here, Patrick tells Sarah Lowther the money generated from that operation will enable self funding with the ability to pursue the gold-silver prospects in earnest.
Below, Patrick Cheetham speaks to Proactive’s Polly Middlehurst soon after securing a mine permit for the CS perlite-pozzolan project in Nevada, USA.
The author was remunerated but does not hold shares in the company