Sunrise Resources plc · LSE:SRES
Sunrise Resources — Shareholder Meeting (February 2012)
25 slides from Sunrise Resources's shareholder meeting presentation, Feb 24, 2012
Slide 1: Sunrise Resources Plc Annual General Meeting – 24 February 2012
D SUNRISE RESOURCES PLC ANNUAL GENERAL MEETING – 24 FEBRUARY 2012
Slide 2: Directors & Officers
Directors & Officers Sunrise Resources plc Executive Chairman - Patrick Cheetham A geologist with 31 years experience in exploration management and 26 years as executive director of public traded companies. Currently Executive Chairman Tertiary Minerals plc. (Senior) Non-Executive Director - Fra
Slide 3: Overview
Overview Sunrise Resources plc D UK based Public Company Trading on AIM – “SRES” LONG LAKE DERRYGINAGH KIMBERLITES CUE KIMBERLITES Option to purchase 100% interest in 100% interest in 100% interest in 100% interest in Au, Derryginagh barite various diamond diamondiferous Cue Cu-Ni-PGM project. proje
Slide 4: Long Lake Project
Long Lake Project Sunrise Resources plc Sunrise Resources plc Sudbury Long Lake Project Toronto Located 20km south-west of the nickel mining City of Sudbury in Ontario, Canada.
Slide 5: Long Lake Project
Long Lake Project Sunrise Resources plc The Sudbury igneous Complex is the most productive nickel mining complex in the World with 1.7 billion tonnes of past production, reserves and resources of Ni-Cu-PGM ore. Massive sulphide ores occur in “Hot” basal breccias (“Sudbury Breccia”) and associated wi
Slide 6: Long Lake Gold
Long Lake Gold Sunrise Resources plc Gold is associated with sulphides in mineralised pipe Glory Hole c. 50m+ diameter No. 1 Level No. 2 Level (55m deep) Two rounds of drilling in 2010-2011 & extensive geophysics : • Targeted gold mineralised extensions No. 3 Level near surface and at depth. • Initi
Slide 7: Long Lake Nickel
Long Lake Nickel Sunrise Resources plc Nickel Copper PGM Potential first indicated by local prospector and then Pegasus Metals who carried out Target: Continuation of mapping & a detailed electromagnetic (“EM”) Copper Cliff Dyke System survey in 2008 (massive Ni-Cu-PGM sulphides are usually electric
Slide 8: Long Lake Project
Long Lake Project Sunrise Resources plc Work programme and retention of project in 2012 is contingent on outcome of final project review. In order to exercise its option agreement to acquire 100% of the project (subject to owner retaining royalty) further payments are due: • 5 May 2012 - Can$117,500
Slide 9: Derryginagh Barite
Derryginagh Barite Sunrise Sunrise Resources Resources plc plc 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 for local paint industry 6 year exploration licence
Slide 10: Derryginagh Barite
Derryginagh Barite Sunrise Resources plc DERRYGINAGH BARITE Project Concept is for modest- scale mine producing high grade ore (+60% barite) for processing to high value filler grade (96-98% barite). Metallurgical testwork indicates concentration can be achieved by simple gravity separation - low Ca
Slide 11: Derryginagh Barite – Barite Market
Derryginagh Barite Sunrise Resources plc BARITE – Barium Sulphate (BaSO4) 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 f
Slide 12: Derryginagh Barite – Recent Exploration
Derryginagh Barite Sunrise Resources plc Recent Exploration 2010 - Preliminary metallurgical tests on small surface samples successful. 2010 - Underground samples collected 2011 - Follow up metallurgical tests on mine samples confirm application of low cost gravity concentration. 2011 - Tren
Slide 13: Derryginagh Barite
Derryginagh Barite Sunrise Resources plc 1980’s : Dresser Minerals complete 4 drill holes over 150m strike 2011-12 : Sunrise Resources extends mineralisation to at least 180m vert. depth.
Slide 14: Derryginagh Project
Derryginagh Project Sunrise Resources plc Long Section mine workings & drill intersections Evaluating 200m x 250m area of 2.4m thick High-Grade barite vein outlined by 1980s and 2011 drilling
Slide 15: Derryginagh Barite 2012 Work Programme
Derryginagh Barite Sunrise Resources plc 2012 Work Programme In 2012 Sunrise will follow up on recent drilling success and the positive 2011 Concept Study with a more detailed technical and economic scoping study to better define: • Target production rates • Capital and operating costs • JORC Minera
Slide 16: Cue Diamond Project
Cue Diamond Project Sunrise Resources plc Cue Diamond Project Exploration Licence 20/727 granted in 2011 Explored by De Beers 1995-2002 Diamondiferous kimberlites dykes discovered in two main areas Numerous diamond targets for follow up Priority project for 2012
Slide 17: Cue Diamond Project
Cue Diamond Project Sunrise Resources plc Follow up lead to discovery of De Beers discovery of kimberlite float kimberlite dyke swarm at Soapy Bore lead to initial drill discovery – Cue 1 over 300 strike length “diamondiferous” kimberlite (2-3m wide) Electromagnetic survey found multiple targets at
Slide 18: Cue Diamond Project
Cue Diamond Project Sunrise Resources plc Cue 1 kimberlite dyke sits on margin of large untested gravity/magnetic anomaly To be tested in 2012 400m 5km
Slide 19: Cue Diamond Project 2012 Work Programme
Cue Diamond Project Sunrise Resources plc 2012 Work Programme Cue 1 Kimberlite • Drilling & Follow up sampling • Diamond grade/quality evaluation Soapy Well Kimberlites • Drilling & Follow up sampling • Diamond grade/quality evaluation Fennels Well Targets • Drilling & • Geophysics and drillin
Slide 20: Finland Diamond Projects
Finland Diamond Projects Sunrise Resources plc Awaiting various licence renewals. Currently a back-log at Ministry in Finland.
Slide 21: Diamond Market
Diamond Market Sunrise Resources plc • Strong diamond demand growth in China, India & other Asian/Gulf Markets • Demand is outstripping supply - No major new mine developments in the pipeline • Rough diamond prices have recovered strongly from de-stocking in 2008/2009 financial crisis. • Polished pr
Slide 22: 1 Year Share Chart
1 Year Share Chart Sunrise Resources plc 30 day Moving average £600,000 fund raising completed in February 2012 at 1.2p per share One year chart well supported by existing investors Share price volatile -– High liquidity
Slide 23: Key Points
Key Points Sunrise Resources plc KEY POINTS • Sunrise Resources plc offers exposure to diverse range of commodities in politically stable countries. • Exposure to Diamonds, Industrial Minerals, Gold, Nickel and PGMs • Favourable results from Derryginagh barite project - moving towards with evaluatio
Slide 24: Disclaimer
Disclaimer Sunrise Resources plc The content of this document has not been approved by an authorized person within the meaning of the Financial Services and Markets Act 2000. Reliance on this document for the purpose of engaging in any investment activity may expose an individual to a significant ri
Slide 25: Thank You
D SUNRISE RESOURCES PLC Thank You
Sunrise Resources — Shareholder Meeting (February 2012) on 6ix