logo-loader
viewSunrise Resources PLC

Sunrise Resources flags delay to CS mine permitting to early 2020

"Whilst any delay outside of our control is frustrating, all other aspects of the BLM permitting are now at an advanced stage and this delay is not expected to materially impact the company's production planning.”

Sunrise Resources PLC - Sunrise Resources flags delay to CS mine permitting to early 2020

Sunrise Resources PLC (LON:SRES) has flagged a delay to the mine permitting for the CS Pozzolan-Perlite project in Nevada, USA.

The company, in a statement, told investors that the delay to completion has been caused by the Bureau of Land Management’s late introduction of additional information reporting requirements for the company’s supplemental environmental reports.

Sunrise noted that coupled with the upcoming Christmas and New Year holidays it now expects that the mine permitting will complete in early 2020.

READ: Sunrise Resources raises £350,000 for Nevada project

"Whilst any delay outside of our control is frustrating, all other aspects of the BLM permitting are now at an advanced stage and this delay is not expected to materially impact the company's production planning,” said Patrick Cheetham, Sunrise executive chairman.

“From this point forward we expect to be in a position to provide more regular updates on progress as we enter the final and public stages of mine permitting. In the meantime, the company continues to progress discussions with likely offtake customers and continues to be encouraged by the growing interest in our pozzolan and perlite products," he added.

Quick facts: Sunrise Resources PLC

Price: 0.1 GBX

AIM:SRES
Market: AIM
Market Cap: £3.3 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

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

Morning Report: Canadian Overseas Petroleum's Millholland to provide...

Headlines from the Proactive UK newsroom. Canadian Overseas Petroleum Limited (LON:COPL) is to receive C$200,000 as a loan from its chief executive, Arthur Millholland, so that it can continue discussions with investors and service providers over plans for the OPL 226 asset. The loan will...

1 week, 1 day ago

2 min read