Sunrise Resources Plc · LSE:SRES
Sunrise Resources — Investor Presentation (April 2025)
17 slides from Sunrise Resources's investor presentation, Apr 2, 2025
Slide 1: Pioche Sepiolite Project
Pioche Sepiolite Project April 2025 Project Presentation
Slide 2: What is Sepiolite?
What is Sepiolite? Sepiolite is rare. • It has unique characteristics, is scarce, and there are very few commercial deposits in the world. • It is a non-swelling, lightweight, porous hydrous magnesium silicate clay. • It possesses a high surface area due to channels in the crystal lattice that gives
Slide 3: Project Ownership
Project Ownership • Mining claims held by SR Minerals Inc. a 100% owned US subsidiary of Sunrise Resources plc • SR Minerals holds an 80% economic interest in the project. • 20% economic interest in the project held by Key Adviser, Mr Thomas Powell ➢ Mr Powell is a graduate of the University of Loui
Slide 4: Project Location
Project Location Project Location: • 7 miles north of the historic mining town of Pioche, Lincoln County, Nevada NEVADA • 35 miles from railhead at Caliente, Nevada Pioche 4 Sunrise Resources plc
Slide 5: Claims and Local Access
Claims and Local Access PG Claims AF Claims • Project secured by 57 Placer Claims (in two groups PG & AF prefix) on Federal land administered by the Bureau of Land Management. • 3 miles from U.S. Route 93 along established Eightmile Well road. • Good network of 4WD tracks criss-cross the mining clai
Slide 6: Exploration History
Exploration History Exploration History: • Sepiolite first discovered in 1976 at the West Mesa area by Paul Gemmill, General Manager of the Combined Metals Reduction Company of Pioche. • Occurrence relocated and sampled by SR Minerals Inc. in April 2021. Sepiolite confirmed by XRD analysis. • First
Slide 7: Geology
Geology • Project Area lies within a broad sedimentary basin on the west side of a sequence of Palaeozoic sediments and intrusive rocks that form the Bristol Mountain Range. • Basin sediments comprise a series of sub-horizontal, semi-lithified, interbedded and lenticular, Pliocene-Quaternary tufface
Slide 8: 2021 Rediscovery - XRD Results
2021 Rediscovery - XRD Results Southeast flank of West Mesa Area XRD Analysis 8 Sunrise Resources plc
Slide 9: Tolsa Trenching and Mapping 2022
Tolsa Trenching and Mapping 2022 • Tolsa completed initial mapping trenching and geological mapping in 2022. • Work focused on PG Claim group. • Two, possibly three, distinct sepiolite levels identified on the rims of the West and East Mesas. • 22 surface samples were collected labelled M1-M22 West
Slide 10: Tolsa - Auger Drilling 2023
Tolsa - Auger Drilling 2023 • Twenty auger drill holes completed (SR-Prefix). • Auger drilling is a low-cost, first pass drilling technique but susceptible to sample loss, Auger Drilling down hole 2022 poor contamination, depth control and depth imitations. 10
Slide 11: Tolsa - Auger Drilling 2023
Tolsa - Auger Drilling 2023 • Extensive sepiolite clay beds delineated by auger drilling. • Sepiolite logged in all holes except SR-08-2023. West Mesa Scale:500m East Mesa 11 Sunrise Resources plc
Slide 12: Tolsa - Sonic Drilling 2024
Tolsa - Sonic Drilling 2024 • Ten sonic drill holes completed. (Hole Prefix AF-) • Excellent recovery of 6” solid “cores” 12
Slide 13: Tolsa - Sonic Drilling 2024
Tolsa - Sonic Drilling 2024 Scale:500m West Mesa East Mesa Drilling is too wide spaced to demonstrate grade continuity West Mesa/Discovery area has only one drill hole. 13 Sunrise Resources plc
Slide 14: Tolsa Sepiolite Testing
Tolsa Sepiolite Testing Tolsa has provided a data base showing testing results for a range of surface, trench and drill samples Testing data includes: • XRD Mineralogy • SEM imaging • Chemical analysis • BET Surface Area • Viscosity 14 Sunrise Resources plc
Slide 15: Pioche Sepiolite Project, Nevada
Pioche Sepiolite Project, Nevada • Currently awaiting return of all remaining exploration and drill samples from Tolsa. • Tom Powell is currently running various tests on preliminary samples received from Tolsa. 15 Sunrise Resources plc
Slide 16: Limited US Production
Limited US Production • IMV is only US producer of sepiolite. IMV is subsidiary of multi-national (HQ Belgium) lime producer Lhoist. • Mine is hemmed in by Areas of Critical Environmental Concern. • US senators calling for minerals land withdrawal in Amargosa Valley. • Presents increased opportunity
Slide 17: Pioche Sepiolite Project, Nevada
Pioche Sepiolite Project, Nevada Conclusions to date • Extensive sepiolite beds have been discovered by drilling over an area 1.6 miles (NW-SE) x 0.8 miles (NE-SW). • Drill spacing is far too wide for effective correlation of sepiolite beds. • Drilling has not adequately tested the West Mesa (Discov
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