Sunrise Energy Metals Limited · ASX:SRL
Sunrise Energy Metals — Corporate Update (March 2026)
26 slides from Sunrise Energy Metals's corporate update, Mar 5, 2026
Slide 1: Sunrise Project Community Consultative Committee
Sunrise Project Community Consultative Committee 5 March 2026
Slide 2: Contents
Contents 1 2 Finance/Market Update Syerston Scandium Update 3 Community Update 4 Environmental Management Update 5 CCC Member Questions 2 Powering innovation | March 26
Slide 3: Finance/Market Update
01 Finance/Market Update 3 Powering innovation | March 26
Slide 4: Syerston Scandium Project – Quarterly Update
Syerston Scandium Project – Quarterly Update Announcements in January › Sunrise received commitments to raise ~A$98 million to fund pre-construction activities › Planning and preparation of pre-construction activities commenced, including: • Awarding for a Front-End Engineering Design (FEED) Study t
Slide 5: Syerston Scandium Project – Feasibility Study
Syerston Scandium Project – Feasibility Study Feasibility Study update has been completed Key findings: › Study Demonstrates Excellent Economics for a Long-Life, Low-Cost and Scalable Operation › 20+ Year production plan › Low cost, globally competitive operation › Final Investment Decision targetin
Slide 6: Syerston Scandium Project
02 Syerston Scandium Project 6 Powering innovation | March 26
Slide 7: Syerston Scandium Project – Processing Facility
Syerston Scandium Project – Processing Facility Offices, Fuel, Lime High-Pressure Acid Leach Circuit and ROM Pad & Acid Storage Processing Plant Scandium Refinery › Processing Facility location Workshop › Facility Details (indicative) Chemical Storage › 64,000 tpa (10tph) Indicative › 175m x 175m fa
Slide 8: Syerston Scandium Project – Mining
Syerston Scandium Project – Mining › Mining Location Years 1-5 › Sequence › Equipment (indicative) › 1 x Cat 340 Excavator – 35t Class › 4 x Cat 740 Articulated Trucks Years 6-10 › 1 x D8 Dozer › Grader, Water Carts, Service Vehicles 8 Powering innovation | March 26
Slide 9: Syerston Scandium Project – Infill Drilling
Syerston Scandium Project – Infill Drilling › Drilling plan approved by regulator for 40 RC holes › Why? › Accurately define ore–waste boundaries in the first pits › Support detailed dig-line design and fleet productivity › Update assumptions on plant performance › Planned to commence in March 2026
Slide 10: Syerston Scandium Project – Tailings Storage Facility
Syerston Scandium Project – Tailings Storage Facility › TSF location › Detailed design underway by WSP to meet storage and water management performance measures › TSF Details (indicative) › Downstream Lift › Holds ~2Mt Tailings › 10m-12m High Facility › Incorporates a base lining Indicative Indicati
Slide 11: Syerston Scandium Project – Water Supply
Syerston Scandium Project – Water Supply › Water supply from borefield located at Warroo, 65km south of the Project site › Redesign of water infrastructure in progress to cater for reduced water demand than Sunrise Nickel-Cobalt Project (approx. 200ML/yr vs 2800ML/yr) › Targeting construction of wat
Slide 12: Traffic
Syerston Scandium Project – Traffic 12 Powering innovation | March 26
Slide 13: Syerston Scandium Project – Traffic
Syerston Scandium Project – Traffic › Volume of traffic is considerably lower than the Sunrise Nickel-Cobalt Project › Alternate route proposed for heavy vehicles via Tullamore › SEM has discussed traffic considerations with the Councils and proposed a Deed of Variation to the current VPA to provide
Slide 14: Syerston Scandium Project - Comparison
Syerston Scandium Project - Comparison Project Component Phase 1 Scandium Project Scandium-Nickel-Cobalt Project Production Rate 60 tpa ~140,000 tpa Mine Life 21 years 21 years Construction Workforce 1051 1,900 Operational Workforce 601 350 Heavy Vehicles (Operations) 10 movements/day1 172 movements
Slide 15: Syerston Scandium Project – Next Steps Early 2026
Syerston Scandium Project – Next Steps Early 2026 Exploration and Mining Titles Process › Commencing a modification to the current project approvals › Board Approval mid year to proceed › Hire key roles within the owner's team for project delivery › Commence pre-construction activities • Final Engin
Slide 16: Syerston Scandium Project – MOD 8 Overview
Syerston Scandium Project – MOD 8 Overview › The Modification would include the following proposed changes to the approved Syerston Scandium Project: › minor changes to the locations and sizes of the small-scale scandium open cut pits and waste rock emplacements; › increased open cut mining rate fro
Slide 17: Syerston Scandium Project – Approval Requirements
Syerston Scandium Project – Approval Requirements › The approval pathway will be a modification to existing Development Consent under s 4.55(2) of the NSW EP&A Act. › The modification application will be supported by the following supporting technical studies: • Road Transport Assessment for the rev
Slide 18: Syerston Scandium Project – Indicative Timeline
Syerston Scandium Project – Indicative Timeline Finalise the Plan Full Construction Commissioning Final Engineering Plant Construction Practical Project Early Works Contracts Amended VPA Approval 2H2026 Mining and Tailings Construction 2H2027 Completion Process Plant 2H 2028 Infill Drilling Program
Slide 19: Community Update
03 Community Update 19 Powering innovation | March 26
Slide 20: Community – Support and Sponsorship
Community – Support and Sponsorship › SEM is a major sponsor for the 2026 ABBA Festival in Trundle › Attending the NSW Minerals Council Mining Careers Expo to be held in Orange in May › Continued support of the local agricultural shows in 2026 20 Powering innovation | March 26
Slide 21: Community – Keeping People Informed
Community – Keeping People Informed › Community Communication – Parkes and Condobolin shopfronts are open, first and third Tuesday/Thursday of the month › Sunrise Energy Metals website – Complaints register published monthly, with zero complaints YTD – Community Complaints line listed on our website
Slide 22: Environmental Management Update
04 Environmental Management Update 22 Powering innovation | March 26
Slide 23: Environmental Monitoring
Environmental Monitoring › Continuing environmental monitoring: – Air Quality – Surface Water – Groundwater – Meteorological › Depositional dust and Particulate Matter (PM10 and PM2.5) › Surface water monitoring events – No flows in 2025 › Groundwater monitoring – Completed in December 2025 – Next r
Slide 24: Government Contact/Correspondence
Government Contact/Correspondence › Department Planning, Housing & Infrastructure – Modification briefing › Department Planning, Housing & Infrastructure – EMP update discussion › NSW Resources – Sunrise Project / Syerston Scandium Project update › Resources Regulator – Submission and approval of AP
Slide 25: CCC Member Questions
05 CCC Member Questions 25 Powering innovation | March 26
Slide 26: Thank you
Thank you 0. sunrise energy metals
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