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: +44 (0)845 868 4590
Patrick Cheetham, Executive Chairman
Northland Capital Partners Limited Tel: +44 (0)20 7796 8800
Gavin Burnell / Edward Hutton
Alice Lane /John-Henry Wicks (Broking)
Yellow Jersey PR Limited Tel: +44 (0) 774 778 8221
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
This information is provided by RNS