Sunrise Energy Metals Quarterly Update: Progress Across Key Projects

Sunrise Energy Metals (ASX: SRL) provided a comprehensive update for the quarter ending 31 December 2024. The company advanced the re-assessment of its 2016 Syerston Scandium Project Feasibility Study, incorporating updated cost estimates and internal studies to explore a standalone scandium processing facility. Engagements with end-users in aerospace, automotive, and semiconductor markets have generated strong interest, driven by global supply chain concerns. Updated scandium mineral resource estimates and alloy development programs are also underway.

Key progress includes advancing the Sunrise Battery Materials Complex, with easement agreements for the electrical transmission line and approvals for oversize transport routes. Exploration in NSW and QLD continues, targeting rare earth elements and limestone resources. With robust scandium demand, Chinese export restrictions, and ongoing end-user discussions, Sunrise is poised to secure offtake agreements and project-level funding, driving its vision for sustainable energy metals.

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