Sunrise Resources Plc · LSE:SRES
Sunrise Resources — Shareholder Meeting (January 2022)
34 slides from Sunrise Resources's shareholder meeting presentation, Jan 27, 2022
Slide 1: Annual General Meeting 27 January 2022
Annual General Meeting 27 January 2022
Slide 2: 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 3: Important Notice
Important Notice The content of information contained in these slides and the 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 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 through to profitable production in order that the Company’s activi
Slide 5: Focus - Nevada, USA
Focus - Nevada, USA Nevada: • Consistently voted a top jurisdiction 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 producer of copper and
Slide 6: Focus – Industrial Minerals
Focus – Industrial Minerals Industrial Minerals • Less complex geology. • Shorter lead time from production to mine-ready: • Gold Project –typically 10 years • Base metals typically 15 years • CS Project – 4 years. • Can be highly profitable. • Less competition for exploration targets’ • Often have
Slide 7: 2021 – Year in Review
2021 – Year in Review Summary CS Pozzolan-Perlite Project • 500-ton pozzolan bulk sample delivered to large Cement & Ready Mix Company (CRMC). • Pozzolan bulk sample ground successfully by the CRMC to target size and utilised successfully in commercial trials. • Commercial trials for perlite expansi
Slide 8: Financials – Year to 30 September 2021
Financials – Year to 30 September 2021 • Loss for year: £335,252. • Administrative expenses: £319,630 6.6% above 2020. • Cash position: £371,740. • Overheads carefully managed, administration and staff costs shared with Tertiary Minerals plc. • No share issues in 2020-21 except through issue of warr
Slide 9: CS Pozzolan-Perlite Project
CS POZZOLAN-PERLITE PROJECT A mine-ready industrial minerals project Extracting 500t bulk sample of natural pozzolan for CRMC 27 January 2022
Slide 10: Natural Pozzolan 101
Natural Pozzolan 101 A Pozzolan is a silica or silica and aluminium rich material which Concrete cancer will, in the presence of moisture, chemically react with lime at ordinary temperatures to form compounds possessing cement-like properties. Pozzolans can be: • Industrial by-products e.g. coal-fir
Slide 11: Natural Pozzolan in Roman Structures
Natural Pozzolan in Roman Structures Many ancient structures built with Pont du Gard natural pozzolan survive today Hagia Sophia Mosque Istanbul Pantheon Dome The Pantheon Dome (above) 43.4 m span 2,000 years old and still the world’s largest Concrete cancer concrete dome suspended without reinforce
Slide 12: Natural Pozzolan – Why now?
Natural Pozzolan – Why now? 27 January 2022
Slide 13: Coal Power Station Closures
Coal Power Station Closures Year 2000 Global coal power plants Ref: Carbon Brief https://www.carbonbrief.org/mapped- worlds-coal-power-plants Year 2019 27 January 2022 13 Sunrise Resources plc
Slide 14: Coal Power Station Closures
Coal Power Station Closures The future? No major coal plants in the Western USA or Western Europe 27 January 2022 14
Slide 15: Pozzolan Market Developments in 2021
Pozzolan Market Developments in 2021 Cement production is CURRENTLY responsible for 7-8% of global carbon emissions Use of natural pozzolan as a replacement for fly ash is being by the stimulated by Climate change agenda: • COP 26 Climate Change Conference: • Most countries agree to phase out coal p
Slide 16: 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 Northest Zone of: ➢ 14.5 million tons of pozzolan at starting at rate of 100,000t per year climbing up to
Slide 17: 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 18: 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
Slide 19: CS Project – Production Options
CS Project – Production Options Mobile crushing & screening plant Perlite: 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 20: 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 21: 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 22: 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 23: New Opportunity for CS Pozzolan Lightweight Aggregate (LWA)
New Opportunity for CS Pozzolan Lightweight Aggregate (LWA) • Screened CS pozzolan may be suitable for sale as lightweight aggregate for use in lightweight concrete blocks and lightweight artificial stone veneers . • Large and valuable market in earthquake prone California. • Existing pozzolan produ
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 27 January 2022 24
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
Slide 26: Hazen Pozzolan - Markets
Hazen Pozzolan - Markets NEVADA CEMENT PLANT Northern Nevada NEVADA CEMENT PLANT Northern California HAZEN PROJECT Location: • Adjacent to Gravel Road. • 9 miles from Highway and Rail siding. • 20 miles from nearest cement plant (Nevada Cement). • Road and rail inked to major markets of Northern Cal
Slide 27: Pioche Sepiolite Project (New)
Pioche Sepiolite Project (New) Sepiolite • Is a non-swelling, lightweight, porous clay which NEVADA has very high surface area and porosity. • Has outstanding sorption capacity and colloidal properties making Sepiolite a valuable material for a wide range of industrial applications (up to $1,000/ton
Slide 28: Precious Metal Exploration
Precious Metal Exploration Drilling at the Clayton Silver-Gold Project 27 January 2022
Slide 29: 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 30: 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 31: Baker's Gold Project – High Grade Gold
Baker’s Gold Project – High Grade Gold • Drill testing of the Dicky Lee pit encountered multiple narrow 2m @ 14.4g/t gold zones of low-grade Au mineralisation – inc. inc. 1m @26.5g/t gold 1m grading 2.2 g/t gold. • Hole 21SBRC002 on DLR4 Target intersected 2m grading 14.4 g/t gold from 64m downhole:
Slide 32: Company Assets
Company Assets Whilst the focus has been on development of the CS Project the Company 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 • Pioche Sepiolite Pro
Slide 33: Royalty Interests
Royalty Interests As a result of the ongoing divestment of non-core assts the Company holds shares and royalty interest in the following exploration projects being operated by other companies: Royalties: 3% Net Smelter Royalty - Junction Cu-Ag-Au Project (Project operated by TSX:V listed VR Resource
Slide 34: Thank You For Your Attention
THANK YOU FOR YOUR ATTENTION Contact: Sunrise Resources plc [email protected] 27 January 2022
Sunrise Resources — Shareholder Meeting (January 2022) on 6ix