Sunrise Resources (AIM:SRES), the AIM-listed exploration company, said it has completed a strategic review that will shift its focus toward its wholly owned precious and base metals projects.
The company's industrial minerals interests, which have absorbed the bulk of management time and spending, will now be maintained and marketed to potential partners at minimal cost.
That frees resources for a metals portfolio spanning Nevada and Western Australia, including the Clayton silver-gold project, where drilling has returned 7.9 metres grading 303 grams per tonne silver, and the Reese Ridge zinc-lead-silver target, where surface sampling has returned up to 29.6% zinc and 146 grams per tonne silver.
Executive chairman Patrick Cheetham pointed to price moves as part of the rationale, noting silver is up 67% over the past year, gold 25%, and copper and zinc both up more than 30%.
"Today marks a decisive shift by the company as we refocus our core strategy to unlock the value and organic growth potential within our precious and base metals portfolio," Cheetham said.
The company has also launched a project generation programme targeting copper, silver and gold, centred on Nevada and neighbouring US states.
Sunrise intends to appoint an additional director with mining industry or mining finance experience to support the strategy's next phase.
