Sunrise Energy Metals Ltd SREMF

Metals & Mining Industrial Metals & Minerals

Sunrise Energy Metals Limited is an Australia-based company engaged in the development of its Sunrise Battery Materials Complex (Sunrise Project) in New South Wales (NSW). The Sunrise Project is a supplier of battery raw materials and aluminum-scandium alloys. It is utilizing its Clean-iX resin technology for extraction and purification of a range of metals and progressing exploration activities at its other mineral tenements. Its Clean-iX Continuous Resin-In-Column is a continuous counter-current process that extracts metals from clarified leach solutions. Its Clean-iX Continuous Resin-In-Pulp is a continuous countercurrent process that directly extracts metals from leached pulps. It is advancing activities across its range of exploration assets in NSW. Its limestone exploration includes Hunters (EL9627), EL8883 Meloola and EL8833 Boona Gap, Gleninga South (EL9598) and Gleninga (EL8882). It also focused on rare earth elements exploration, which includes Minore (EL9031 and EL8961).

OTCQX:SREMF - Post by User

Sunrise Energy Metals Ltd

Bullboard Posts

Comment by throwinupon Mar 08, 2011 2:08pm

331 Views

Post# 18252554

RE: A question about the news.

...... I've read the last two news releases several times, and see nothing where it states
that the company questions the reserves that they have.......

Might one then conclude that all this disruption is as simple as a matter of reading and interpretation ??

Here's a statement directly out of the News Release.........

The independent evaluation has been initiated following an internal review that indicated a material reduction in the measured, indicated and inferred mineral resources incorporated in the 43-101-compliant report announced in Stockwatch on Oct. 28, 2010.

They have made a fairly clear statement..... that their internal review indicates a material reduction in the measured, indicated and inferred resource. They didn't say an irreconciable difference...they stated quite clearly ..a ''material reduction''.

I'll defer to your wisdom to read that anyway you choose....but I'd have a hard time agreeing with you.... that you see nothing where the company questions the reserves that they have!!