Sunrise Resources pleased with CS Deposit testing progress

Sunrise Resources' shares are up almost 5% as it reported rapid progress by Magmatics Inc in testing of the CS Deposit for the production of natural pozzolan, and was pleased it could move so quickly to certification testing.

"The uniform performance of samples from across the surface of the deposit is very encouraging," said executive chair Patrick Cheetham in a statement.

"The discovery that this same material may also have commercial application as perlite is an unexpected and exciting development that could add substantially to the opportunities to commercialise this project," he added.

Sunrise noted that variability testing of samples from across the deposit indicated consistent results as a high-quality natural pozzolan. Samples had been submitted to an accredited laboratory for certification testing, resulted being expected within 45 days.

The testing had also identified a potentially valuable opportunity for production of Perlite, a product in high demand in the construction and other industries.

At 13:40 GMT, shares in AIM-listed Sunrise are up 4.35% to 0.12p each.