Sunrise Resources buys second pozzolan deposit in Nevada
Diversified mineral explorer Sunrise Resources has expanded its Pozz project in Nevada with the acquisition of second deposit with potential for natural pozzolan production.
FTSE AIM All-Share
727.55
16:50 18/11/24
Mining
10,989.78
17:09 18/11/24
Sunrise Resources
0.04p
16:50 18/11/24
There are 15 claims staked in the new area covering the second pozzolan deposit, which meets international standards for materials, products, systems and services, for chemical criteria for natural pozzolan, a material that can be used to reduce the amount of cement used in the production of concrete.
The new deposit has a high glass content of about 97.5% in natural pozzolan potential versus 80% in the Pozz ash project.
Executive chairman Patrick Cheetham said: "We share the belief of existing pozzolan producers that this is an opportune time to be developing new sources of natural pozzolan as a ‘green’ cement replacement material in concrete.
“The quality and availability of coal fly-ash as a pozzolan, which is traditionally used as a partial cement replacement in concrete, is diminishing as coal fired power plants are phased out and increasingly stringent emission controls are imposed on the remaining plants. Natural pozzolans compete with fly-ash".
Shares in Sunrise Resources were up 16.51% to 0.204p at 1044 GMT.