Sunrise Resources Plc · LSE:SRES
Sunrise Resources — Investor Presentation (October 2022)
33 slides from Sunrise Resources's investor presentation, October 2022
Slide 1: Company Presentation October 2022
Company Presentation October 2022
Slide 2: Important Notice
Important Notice The content of information contained in these slides and any accompanying verbal presentation (together, the “Presentation”) has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (“FSMA”). Reliance upon this Presentation for
Slide 3: Directors & Company Secretary
Directors & Company Secretary Patrick Cheetham A geologist with 40 years in exploration management and 35 years Executive Chairman as executive director of publicly traded companies. Currently Executive Chairman Tertiary Minerals plc. James Cole Chartered Accountant. Director of Goal Group, Formerly
Slide 4: Strategy & Business Model
Strategy & Business Model The Principal Activity of the Company is the acquisition, exploration and development of mineral projects, primarily in Nevada and the western USA. Our Strategy is to develop the CS Pozzolan-Perlite Project as a supplier to the construction industries in Nevada & California
Slide 5: The Investment Case AIM: SRES
The Investment Case AIM: “SRES” • Shares trade on AIM under the symbol “SRES”. • Operating in safe mining jurisdictions – Nevada & Australia. • Well defined strategy to develop the CS Natural Pozzolan-Perlite Project in Nevada. • CS & Hazen - key projects contribute to Management shareholdings susta
Slide 6: Overview - Company Assets
Overview - Company Assets Focus is on development of the CS Project. The Company also has a large portfolio of industrial mineral and precious metal projects: Industrial Minerals Projects (Nevada) • CS Pozzolan Perlite Project • Hazen pozzolan project • NewPerl Perlite Project • Jacksons Wash Perlit
Slide 7: Overview - Royalty Interests
Overview - Royalty Interests As a result of the ongoing divestment of non-core assts the Company holds royalty interest in a number of projects in Nevada: Royalties: 3% Net Smelter Royalty - Junction Cu-Ag-Au Project (Project operated by TSX:V listed VR Resources Ltd (“VR”). VR can purchase half of
Slide 8: Focus - Nevada, USA
Focus - Nevada, USA Why Nevada? • Consistently voted amongst the top jurisdictions in the world for investment based on the Frazer Institute’s “Investment Attractiveness Index” (Annual Survey of Mining Companies). • One of the top gold producing jurisdictions in the world. • Is a significant produce
Slide 9: Natural Pozzolan
Natural Pozzolan A valuable construction industry raw material for a greener future A Pozzolan is a silica or silica and aluminium rich material which will, in the presence of moisture, chemically react with lime at ordinary temperatures to form compounds possessing cement-like properties. Pozzolans
Slide 10: Natural Pozzolan
Natural Pozzolan Cement production is currently responsible for 7-8% of global carbon emissions from: • Burning coal & natural gas • Burning limestone to produce cement clinker1 (CaCO3 CaO + CO2) (1Cement clinker is an intermediate product that is ground with additives to produce ordinary Portland C
Slide 11: Natural Pozzolan - Towards Sustainability & Net Zero
Natural Pozzolan - Towards Sustainability & Net Zero Natural pozzolan contributes to sustainability in the cement and concrete industries through: • Stronger & longer lasting structures • Greener cement/concrete Sunrise Resources plc
Slide 12: Natural Pozzolan
Natural Pozzolan Concrete cancer Stronger and more durable concrete structures. • Concrete cancer is common in many modern concrete structures. • Replacing 20-30% of cement in concrete with SCMs like natural pozzolan make stronger and more durable concrete structures that last longer, and require le
Slide 13: Natural Pozzolan in Roman Structures
Natural Pozzolan in Roman Structures The Romans were the first to use natural pozzolan as a cementitious material on a large scale and many ancient structures built with natural pozzolan survive today What did the Romans ever do for us? Pont du Gard The Pantheon Dome (above) 43.4 m span 2,000 years
Slide 14: Natural Pozzolan – Green Cement
Natural Pozzolan – Green Cement Natural pozzolan can play a part in decarbonizing the cement and concrete industries by: • Replacing a portion of ordinary cement in concrete. • Substituting for cement clinker in making different types of cement (e.g. so-called 1P cements). • As a raw material in a n
Slide 15: The move to net Zero - Developments in 2021
The move to net Zero - Developments in 2021 Use of natural pozzolan in green cement is being stimulated by Climate change agenda: • COP 26 Climate Change Conference: • Most countries agree to phase out coal power generation. • China & India agree to phase down coal power generation. & the “greening”
Slide 16: Perlite - Uses and Markets
Perlite - Uses and Markets Perlite is a glassy volcanic raw material which, when heated in a furnace, pops like popcorn and expands up to 20 times in volume into a white or pale coloured, low density material used in various household and industrial applications such as: Horticulture (Coarse perlite
Slide 17: CS Perlite - Markets
CS Perlite - Markets • World production 3.4 million tonnes (USGS2020) : China 38%, Turkey 19%, Greece 21%, USA 15% • US Consumption 610,000 tons consumed, 31% imported (USGS 2020) • Only three large perlite mines – all now downstream integrated with their own expansion plants • Numerous expansion pl
Slide 18: Perlite Market Developments 2021
Perlite Market Developments 2021 US supplies of horticultural grade raw perlite to independent perlite expanders severely curtailed in 2021: • Largest US raw perlite supplier, Cornerstone Minerals, taken over by multinational downstream integrated industrial minerals company Imerys. Raw perlite now
Slide 19: CS Pozzolan-Perlite Project
CS POZZOLAN-PERLITE PROJECT A “mine-ready” project Extracting 500t bulk sample of natural pozzolan for CRMC Sunrise Resources plc
Slide 20: CS Project - Mine Ready
CS Project - Mine Ready • Permitted for production – first drill hole to issue of mine Mine Plan Full Build-out permit just 4 years. • Long-life project – 27-year mine plan targeting production Northeast Zone of: ➢ 14.5 million tons of pozzolan at starting rate of 100,000t per year climbing up to 50
Slide 21: CS Pozzolan - Target Markets
CS Pozzolan - Target Markets Tonopah, Nevada California and Nevada are the most affected states in the fly ash supply crisis as: CS PROJECT • Most distant from main power plant sources in mid-west and eastern states (no significant fly ash production in N. California or Nevada). Tonopah • Supplies f
Slide 22: CS Project - Production Options
CS Project - Production Options Pozzolan: Low Capital Cost Start up Option (c. $1m) – Sell run of mine ore to cement companies. ➢ Low risk, lower cost but lower value product. Investment Option (c.$30m) – Build a grinding facility (off site) to produce a fine ground pozzolan for sale to the cement a
Slide 23: CS Project - Production Options
CS Project - Production Options Perlite: Mobile crushing & screening plant Low Capital Cost Start up Option (c.$2-3m) Produce only coarse horticultural grade raw perlite using contract mobile crushing and screening operation. ➢ Low risk, lower cost single perlite product with by- product pozzolan fo
Slide 24: Looking to the future
Looking to the future………… • Building on the Company’s experience with industrial minerals and the CS Project. • Applying the business model to other region centres of cement and concrete consumption in the Western States. • First new project acquired - Hazen Pozzolan Project. June 2022 Sunrise Resou
Slide 25: Hazen Pozzolan Deposit
Hazen Pozzolan Deposit Second pozzolan project for the Company. • Complementary to CS Project. • Targeting northern Nevada and northern California pozzolan (CS project targeting southern California and southern Nevada markets). • Preliminary test sample results suggest Hazen pumice is high quality n
Slide 26: Hazen Pozzolan - Markets
Hazen Pozzolan - Markets Northern Nevada NEVADA CEMENT PLANT Northern California HAZEN PROJECT Location: • Adjacent to gravel goad. • 9 miles from highway and rail siding. • 20 miles from nearest cement plant (Nevada Cement). • Road and rail linked to major markets of Northern California. Sunrise Re
Slide 27: Pioche Sepiolite Project
Pioche Sepiolite Project Option granted to Tolsa, world’s largest producer of sepiolite. Sepiolite is a non-swelling, lightweight, porous hydrous magnesium silicate clay • High surface area and porosity account for sepiolite’s outstanding sorption capacity. • Largest market globally is for use in li
Slide 28: Pioche Sepiolite - Tolsa Option
Pioche Sepiolite -Tolsa Option • Sunrise has granted (June 2022) Tolsa an exclusive 6-month Option to Purchase the Pioche Project claims for US$1.25 million. • Privately owned, Spanish specialist clay mining and processing company. • Tolsa may extend the option for a further 12- month period on paym
Slide 29: Precious Metal Exploration
Precious Metal Exploration Drilling at the Clayton Silver-Gold Project Sunrise Resources plc
Slide 30: Clayton Silver-Gold Project, Nevada
Clayton Silver-Gold Project, Nevada • Drill Hole results from first drill hole completed to twin historical hole CL-15. • Massive quartz vein and quartz breccia intersected in target zone between 83.52m and 91.44m downhole (true thickness unknown) containing fine grained disseminated sulphides inclu
Slide 31: Baker's Gold Project - Australia
Baker’s Gold Project - Australia The Project is located: • 25 kilometres south-east of Meekatharra in the Murchison Goldfield of Western Australia. • on the eastern limb of the Meekatharra Greenstone Belt which has yielded several million ounces of gold from present and past producing gold mines. Su
Slide 32: Baker's Gold Project - High Grade Gold
Baker’s Gold Project - High Grade Gold • Significant gold mineralisation encountered at DLR-4 Target and 2m @ 14.4g/t gold Dicky Lee pit including: inc. 1m @26.5g/t gold • Hole 21SBRC002 on DLR4 Target intersected 2m grading 14.4 g/t gold from 64m downhole: includes 1m grading 26.5g/t gold from 64m.
Slide 33: Thank You For Your Attention
THANK YOU FOR YOUR ATTENTION Contact: Sunrise Resources plc [email protected]
Sunrise Resources — Investor Presentation (October 2022) on 6ix