Sunrise Resources Plc · LSE:SRES
Sunrise Resources — Sunrise Diamonds — Shareholder Meeting (January 2010)
33 slides from Sunrise Resources's shareholder meeting presentation, Jan 29, 2010
Slide 1: Annual General Meeting January 2010
Annual General Meeting 29 January 2010 )aSUNRISE DIAMONDS PLC “,
Slide 2: Directors and Company Secretary
“s* - —_— Executive Chairman - Patrick Cheetham A geologist with 27 years experience in exploration management and 21 years as executive director of public traded companies. Currently Executive Chairman Tertiary Minerals plc. (Senior) Non-Executive Director - Francis Johnstone Formerly Commercial Di
Slide 3: Important Information
e} = Important Information sunrise Diamonds These presentation materials ("the Presentation Materials") in respect of Sunrise Diamonds plc ("the Company") are being issued on a strictly private and confidential basis to, and only to, Investment Professionals as defined in Section 19 of the Financial
Slide 4: Sunrise Diamonds plc is a minerals exploration & development company
« Sunrise Diamonds plc is a minerals exploration & development company based in Macclesfield, UK - Formed in 2005 to continue diamond exploration activities of parent company Tertiary Minerals pic. Listed on the AIM market of the London Stock Exchange in 2005 - Evaluating diamondiferous kimberlites
Slide 5: Finland: low political risk and favourable investment climate
: o tue ‘ : $ =e low political risk & favourable investment climate excellent infrastructure press 8th traditional focus on primary resources favourable operating environment for exploration & mine development mining industry open to foreign investment only since 1994 werssreaeeeeess a SUPPOrtive en
Slide 6: Exploring for primary diamonds in kimberlite volcanoes
Exploring for primary diamonds in as as “kimberlite” volcanoes: -. Crater Facies Tuffisitic kimberlite Hypabyssal kimberlite Sills sali East Ukinrek Maar, Alaska, erupted for 10 days in March-April 1977 forming 7 ha crater
Slide 7: Finland diamond prospective craton area
as ARCTIC Spry fo Tot Tew A é ir # vie | : : oy ee in Finland the KA 4 l q ™~ “diamond prospective Pp. / oe <> ee nonwn l CRATON hkutorcraron ) area is similar in size to ies a the Slave Craton in Canada. Ekati Mine (copyright BHP Billiton)
Slide 8: Kimberlite clusters in the Karelian Craton
Kimberlite clusters in the Karelian Craton ARKHANGELSK (Russia) World class Grib and Lomonosova pipes . \ 7; = . as KUUSAMO CLUSTER (Finland) : Spe a Seven kimberlites discovered by Sunrise, 3 KUUSAMQ. CLUSTER > pipes diamondiferous © " ; | KUHMO CLUSTER (Finland Kimberlite dykes, negative to low mi
Slide 9: Exploration Highlights
EXPLORATION HIGHLIGHTS KAAVI- Snel. CLUSTER
Slide 10: Acquisition of Nordic Diamonds' exploration claims in Kaavi-Kuopio
In 2009 Sunrise acquired Nordic Diamonds’ exploration claims giving it full ownership of the majority of the known kimberlite pipes in the Kaavi Kuopio Region (Nordic retains a royalty ~ interest). | Formerly the Company was earning a joint venture interest. Pipes discovered by Ashton in 1990's. | M
Slide 11: Kaavi-Kuopio kimberlites with commercial interest diamond grades
Some Kimberlites in the Kaavi-Kuopio Cluster contain & diamond grades of commercial interest. &, A 16.6t mini-bulk sample from Pipe 21 previously collected by Ashton Mining in 1995 retumed a Pe reported grade of 26.7 carats per hundred tonnes, MY a including a stone of 1.13 carats. == Diamonds from(
Slide 12: Kimberlite pipes drill tested
KIMBERLITE PIPES DRILL TESTED Kimberlite footprint { l*& a nes A 100m Pipe 217 *2 ha- Encouraging mineral chemistry « Major core loss from historic drilling « Minimal historic microdiamond sampling « Sunrise drilling recovers macro-diamonds and coarse stone size distribution suggests commercial pote
Slide 13: Pipe 14
Kirberlite footjifat Ep Pipe #14 oblique view. Magnetics and drilling Pipe #14 « Sunrise drilling doubled size to 0.65 ha. Body is dyke -like, 40m wide and still open along strike : .* * PAF ¢ - Encouraging mineral chemistry Pipe #14 suspected eclogite xenolith in « Microdiamond content encouraging
Slide 14: Our Exploration Advantage
"OUR EXPLORATION ADVANTAGE” SUMMARY OF SUNRISE — BHPB DATA AGREEMENT (December 2005) sunrise Diamonds has right to exploit BHP Billiton's diamond exploration database for all of Finland. BHP Billiton holds option over 5 million shares & pre-emptive rights on project joint ventures and diamond market
Slide 15: BHP Billiton Database
BHP Billiton Database The replacement value of the combined BHPB geophysical and geochemical data is estimated to be between US$10M to US$20M geophysics geochemistry kimberlite geochemistry
Slide 16: Indicator mineral sampling and database
Sample station location (red dot) KINBERLITE Prt { A ‘ \ SS . » oe i. : 7 > 7 é , ~| Microprobe analysis (green cross) BHPE6 data integrated with open file data and Sunrise data to produce an =) indicator database a] + PB Pig ‘ar a Ota i OITA thea ye i. oem GLACIAL TILL Beprock mineral samples BHP6
Slide 17: Kimberlite targets in Kaavi-Kuopio
KIMBERLITE TARGETS IN KAAVI-KUOPIO Cro ets e-nuwe wea o,* Kimberlite-bearing horizon, main pit Target 298 m=itt
Slide 18: Sunrise target selection using proprietary airborne data
SUNRISE TARGET SELECTION USING PROPRIATERY AIRBORNE DATA ¥ ANS Kimberlite characterisation study completed using proprietary ground and detailed helicopter-bome geophysical survey (DIGHEM) and lake bed seismic survey. Characterisation study used as a model to define targets from DIGHEM data Targets
Slide 19: Example ground target
EXAMPLE GROUND TARGET TARGET 298 (Sunrise 100% owned) High interest indicator mineral anomaly from BHP Billiton database {significant G10 content) Follow up led to discovery of kimberlite boulders and fragments in gravel pit Caustic dissolution of a 20.8kg composite sample of these boulders returned
Slide 20: Magnetic anomaly and kimberlite boulders
' ‘ Py i » Measured ice direction 1! Magnetic survey identified bulls-eye magnetic feature roughly 80m across. Located 375m up-ice from the area where several pits have uncovered large numbers of rounded kimberlite boulders in glacial sands, up to 30cm across. .| & Trenching across the magnetic anom
Slide 21: Lake Targets
Lake Targets _J Diamet considered many of the KIM anomalies in the Kuopio-Kaavi area to originate from areas covered by large lake systems. LJ In 1998 DiaMet carried out extensive bubble pulsar seismic surveys targeting abnormal isolated pockets of deep lake sediments that might have developed by se
Slide 22: Target G133
TARGET G133 (seismic anomaly) Image shows Seismic Anomaly. Insetis image of seismic anomaly outline over ground magnetic anomaly as background. A deep 1.4ha bedrock depression with exactly coincident ground magnetic anomaly. Non conductive. 700m from known kimberlite Recommended for drilling Outline
Slide 23: Kuusamo Cluster
KUUSAMO CLUSTER S ; : :
Slide 24: Kimberlite discoveries to date
KIMBERLITE DISCOVERIES TO-DATE Kuusamo Cluster Kimberlite discoveries to date New “Kuusamo Kimberlite Cluster" defined by Sunrise Diamonds 5 Seven kimberlites discovered to-date Including three diamondiferous kimberlites Targeting based on distinct magnetic anomalies and proprietary structural model
Slide 25: Finland projects from grass roots to advanced exploration
‘=: Sungise Diamonda.pie EXPLORATION STAGE EARLY ACTIVITY Regional Targeting Geology Airborne Regional Geophys. Geochem. PROJECT AREA BHPB DATABASE BHPB DATABASE FOLLOW UP KUUSAMO KAAYI KUOPPIO In Finland the Company holds projects from grass roots up to the advanced exploration stages
Slide 26: Exploration Licence 20/727 in application
Exploration Licence 20/727 in application Located in resource rich Western Australia | _ Explored by De Beers 1995-2002 Diamondiferous kimberlites dykes discovered in two main areas Numerous diamond targets for follow up Further target also for gold, nickel PGM’s
Slide 27: Cue Project
Cue Project Electromagnetic survey found multiple anomalies at Fennels Well — along trend from Cue 1 - still untested Follow up lead to discovery of kimberlite dyke swarm at Soapy Well Mineralised mafic dyke intersected -to be tested for EUs! Au Ni. PGM's 0) | Kimberlite Float Mineralised Dyke Kimbe
Slide 28: Cue Project
Cue Project aot [ee mance a wrest anise L Diamonds. fm nce | 250m _ Ds Basas - i: ~ 164 kg samples yield 13 diamonds 1 ital (size distribution unknown) Multiple Kimberlite dykes intersected over minimum 300m strike length o- | De Beers Drill Plan, Soapy Well Kimberlites | eit
Slide 29: Derryginagh barite project near Bantry
+ Located 2km west of coastal town of Bantry - Targeting historic Derryginagh barite mine - worked in period 1853-1921 + Historic production : approx. 30,000t high grade white barite - 6 year exploration licence awarded November 2009 Open workings for barite = pra > se T 6 SS > rs Derryginagh | ate
Slide 30: Barite – Barium Sulphate
BARITE — Barium Sulphate (BaSO,) * Main market is for use in oil drilling muds as a weighting additive. * Niche market for use as a functional filler in paint and plastics, especially in automotive industry. * Highest value tonnage market is for high whiter filler grade - £200/tonne approx. High gra
Slide 31: Historic drill intersections of high grade barite
3m true thickness High grade barite 1.8m true thickness lig | | High grade barite | SSe / / Wo. 2 s/% Ssah | ? ‘on ; _ New Sbatt | j - | 1.5m true thickness iS! mere SS | High grade barite / nn tat Sap A |S | / / Top of ae al | / , fi | 2 / eat - ee) | / / / | ag : Z i / / / 2.7m true thickness Reh
Slide 32: Longitudinal section showing mine workings and drill intersections
Oo a fe) = on = =) ow £ =) eo — © QO ——— & drill intersections | ings k ing mine wor Longitudinal Section show East Shaft New Shett . . = eae ease ee = : - celrele vew le ns a OSes . ’ . . oe * ' 1 1 ' ' ! i ht it i it 2.7m true thickness High grade barite etier oe a oS, a ae 1.8m true thickness igh
Slide 33: Contact Details
Contact Details Executive Chairman: Patrick Cheetham pat. [email protected] Non-Exec. Directors: Francis Johnstone Neil Herbert Company Secretary: Colin Fitch Head Office : Sunrise House Hulley Road Macclesfield Cheshire SK10 2LP Tel: +44 (0)1625 505947 Fax : +44 (0)1625 626204 Website :
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