SRL 5.49% 43.0¢ sunrise energy metals limited

Ann: Demerger Update, page-156

  1. 979 Posts.
    lightbulb Created with Sketch. 133

    6 months ago on Jan 25th CLQ released its half yearly update.
    This extract from the report doesn't include doesn't include the Platinum zone, Negotiations with AGL, Funding, or the $6m mining camp sitting somewhere in the donga probably being eaten by white ants. In that time no updates on any of this other than a small bone re the platinum zone.

    SERIOUSLY I feel they are still at the stage of forming a committee to consider establishing a working group to employ a consultant to advise on the long term benefit of having an overseeing committee to brief specific committees.
    I don't usually bag SRL but it does seem they stopped working while the split of CLQ was executed.
    At least the water division hit the ground running, with a brief.
    Guess the ones doing the work and with a shareholder focus are in the water division.

    Is asking for a value on a number of the deliverables unreasonable.


    Sunrise Project Ongoing WorksPrograms

    A range of work-streams are underway in order to progress a number ofvalue-adding deliverablesaimed at minimising Project restart time once fundingis secured:

    • Work is being progressed on thelong-lead electrical transmission line (ETL) work scope. The ETL application toconnect to the NSW electrical grid is currently in progress and will continuethrough CY21.

    • Progressing ongoing commercial discussions with landowners, local councils, the NSW state government and other impacted parties required for land access agreements for key infrastructure including the water pipeline and the ETL.

    • Surveying and planning forautoclave and oversize equipment transport routes to site.

    • Preliminary investigations tobe undertaken on our exploration licences for limestone resources, a keyprocess reagent for which the Company currently has a supply contract in placewith a third party.

    • Testwork and processdevelopment work assessing opportunities for potential further downstreamprocessing of sulphates into battery precursor materials.

    • Ongoing environmental workincluding monitoring and compliance reporting.

    • The Sunrise CommunityConsultative Committee will be continued as a stakeholder forum, along with anumber of local community engagement/support programs.

    • Progressing an application fora modification to the Sunrise project Development Consent that covers someenhancements and changes made during the Sunrise Project Execution Plan.
    • Arange of scandium alloy development programs will continue to be progressed,consistent with Clean TeQ’s long term strategy to work with, and assist,industry players to investigate and develop new applications forscandium-aluminium alloys.

 
watchlist Created with Sketch. Add SRL (ASX) to my watchlist
(20min delay)
Last
43.0¢
Change
-0.025(5.49%)
Mkt cap ! $38.79M
Open High Low Value Volume
43.0¢ 43.0¢ 43.0¢ $430 1K

Buyers (Bids)

No. Vol. Price($)
1 1000 45.0¢
 

Sellers (Offers)

Price($) Vol. No.
47.0¢ 300 1
View Market Depth
Last trade - 14.38pm 12/09/2024 (20 minute delay) ?
SRL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.