Derryginagh Project Update

RNS Number : 0289N

Sunrise Resources Plc

25 September 2012

 



25 September 2012 

SUNRISE RESOURCES PLC

PROJECT UPDATE - DERRYGINAGH BARITE PROJECT

Sunrise Resources plc ("Sunrise" or "the Company"), the AIM-quoted diversified mineral exploration and development specialist, wishes to advise a delay of up to four weeks to the completion of the technical and economic scoping study for its Derryginagh barite project in Ireland.

Wardell Armstrong International Ltd has completed the process plant capital and operating cost estimates on schedule but the Company is awaiting additional technical and cost inputs from other external sources and some of these inputs have not been delivered in accordance with the original deadlines.

The Company now anticipates completion of the scoping study by the end of October.

Further information:

Sunrise Resources plc                                                     Tel:  [phone]

Patrick Cheetham, Executive Chairman                

Northland Capital Partners Limited                                Tel: [phone]

Gavin Burnell / Edward Hutton

Alice Lane /John-Henry Wicks (Broking)

Yellow Jersey PR Limited                                                Tel: [phone]

Harry Fielder                                                 

Notes to Editors

About Sunrise Resources plc

Sunrise Resources plc ('SRES') is a diversified mineral exploration and development specialist.

The Company's objective is to develop profitable mining operations to sustain the Company's wider exploration efforts and create value for shareholders through the discovery of world-class deposits.

The Company is evaluating a product opportunity for white barite in south-west Ireland and diamond exploration interests in Finland and Western Australia.

Shares in the Company trade on AIM under the symbol "SRES".

http://www.sunriseresourcesplc.com

 

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