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Sunrise Energy Metals ( (AU:SRL) ) just unveiled an announcement.
Sunrise Energy Metals Limited has announced promising results from its recent drilling campaign at the Syerston Scandium Project, revealing multiple new areas of continuous, high-grade scandium mineralisation. The campaign, which involved 125 drill holes, aims to expand the zones of high-grade scandium and will contribute to updating the Syerston Mineral Resource Estimate. This update is crucial for the feasibility study of the Syerston Scandium Project, which targets rapid, low-cost development and production. The announcement comes amid a tight scandium market, exacerbated by China’s recent export restrictions, positioning Sunrise Energy Metals strategically to meet demand in the advanced alloy and semiconductor sectors.
More about Sunrise Energy Metals
Sunrise Energy Metals Limited is a company operating in the mining industry, primarily focused on the exploration and development of scandium resources. The company is engaged in the Syerston Scandium Project, which aims to leverage one of the largest and highest-grade scandium resources in the world. Sunrise Energy Metals is targeting the advanced alloy and semiconductor industries, especially in light of recent market constraints due to export restrictions from China.
Average Trading Volume: 240,928
Technical Sentiment Signal: Hold
Current Market Cap: A$98.1M
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