Sunrise Resources Plc REPORT ON NPA SYMPOSIUM
03 6월 2019 - 3:01PM
RNS Non-Regulatory
TIDMSRES
Sunrise Resources Plc
03 June 2019
SUNRISE RESOURCES PLC
(the "Company")
3 June 2019
REPORT ON NPA SYMPOSIUM
Further to our announcement on 17 May 2019, the Company would
like to report on the inaugural meeting of the Natural Pozzolan
Association ("NPA") held in Arizona, USA on May 16 and 17, 2019.
The Company is a member of the NPA and was invited to give a
presentation on the Company's CS Project in Nevada(1) .
The meeting was very well attended with over 70 delegates,
mainly from the USA, but with several other countries also
represented. A number of large multi-national cement and concrete
producers and fly ash distribution companies were represented
including some already engaged in joint testwork programmes and
marketing/off-take discussions with the Company.
Our presentation was very well received, and it was clear from
the level of interest, and intense question & answer sessions
that there is much concern for the future supply of fly ash from
coal-fired generating stations. These supplies are falling at a
rate that is faster than many within the industry expected due to
the accelerating closure of coal-fired power stations across the
USA. This is being driven by pollution considerations, the lower
cost of power generation from natural gas and a sharp fall in the
price of renewable energy(2) .
The rate of decline in the supply of fly ash represents a
significant threat to the concrete companies that have come to rely
on a ready supply of fly ash. These concrete and ready-mix
companies are seeking alternative replacements for fly ash and
looking to secure supplies of natural pozzolan, a cost-effective
replacement for fly ash providing the same added benefits; making
the concrete stronger, less susceptible to cracking, and
environmentally "greener".
The county-wide closure of coal-fired power stations is not
restricted to the USA. France is set to phase out all its
coal-fired power stations by 2021, Sweden by 2022, Britain, Ireland
and Austria by 2025, Portugal and Denmark by 2030, and Germany by
2028.
Commenting today, the Chairman, Mr. Patrick Cheetham, said; "The
NPA meeting and the Company's presentation have created an
increased level of awareness and interest in our CS Project for
natural pozzolan which we are now following up alongside our
several ongoing marketing discussions. Moreover, the meeting has
reinforced our belief that that the closure of coal-fired power
stations and the resulting shortage of fly ash will be a "black
swan event" within the industry that will see the continuing
resurgence of natural pozzolan as a major component in concrete. We
are well set to participate in this resurgence in a part of the US
that is particularly badly affected and to pursue this scalable
business opportunity in future on a wider basis."
Further information:
Sunrise Resources plc Tel: +44 (0)1625 838 884
Patrick Cheetham, Executive
Chairman
Tel: +44 (0)207 628 3396
Beaumont Cornish Limited
Nominated Adviser
James Biddle/Roland Cornish
Tel: +44 (0)203 700 0093
SVS Securities Plc
Broker
Tom Curran/Ben Tadd
Notes
1. To view a copy of the Company's presentation to the NPA
Symposium (as announced on 17 May 2019) see:
https://www.sunriseresourcesplc.com/presentations
2. For further information on the falling costs of renewables see Report: International
Energy Agency (IRENA), Renewable Power Generation Costs in
2018.
https://www.irena.org/publications/2019/May/Renewable-power-generation-costs-in-2018
3. The news release may contain certain statements and
expressions of belief, expectation or opinion which are forward
looking statements, and which relate, inter alia, to the Company's
proposed strategy, plans and objectives or to the expectations or
intentions of the Company's directors. Such forward-looking
statements involve known and unknown risks, uncertainties and other
important factors beyond the control of the Company that could
cause the actual performance or achievements of the Company to be
materially different from such forward-looking statements.
Accordingly, you should not rely on any forward-looking statements
and save as required by the AIM Rules for Companies or by law, the
Company does not accept any obligation to disseminate any updates
or revisions to such forward-looking statements.
4. The information in this release has been compiled and
reviewed by Mr. Patrick Cheetham (MIMMM, MAusIMM) who is a
qualified person for the purposes of the AIM Note for Mining and
Oil & Gas Companies. Mr. Cheetham is a Member of the Institute
of Materials, Minerals & Mining and a member of the
Australasian Institute of Mining & Metallurgy.
Shares in the Company trade on AIM under the symbol "SRES" and
also on the NEX Exchange (Secondary Market).
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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