Sunrise Energy Metals (ASX:SRL) - CEO, Sam Riggall
CEO, Sam Riggall
Source: Sunrise Metals
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  • Sunrise Energy Metals (SRL) awarded Commonwealth Government Major Project Status to its Sunrise Battery Materials Complex in NSW
  • Sunrise is Australia’s largest and most advanced battery materials project with contained nickel and cobalt
  • The project will produce high-purity cobalt and nickel sulphides for the rapidly expanding lithium-ion battery market
  • Major project status helps companies access extra support, coordination and information services
  • On the market today, Sunrise was up 8.66 per cent and is trading at $1.95 per share

Sunrise Energy Metals (SRL) has been awarded Commonwealth Government Major Project Status for its Sunrise Battery Materials Complex in NSW.

The status was awarded by the Minister for Industry, Energy and Emissions Reduction, Angus Taylor.

Sunrise is Australia’s largest and most advanced battery materials project with contained nickel and cobalt to support a 50-year operating life.

The project will produce high-purity cobalt and nickel sulphides for the rapidly expanding lithium-ion battery market, along with the rare alloying metal, scandium.

The award of major project status formally recognises the significance of Sunrise to the Australian economy and regional communities in New South Wales.

CEO Sam Riggall is pleased to be awarded major project status for Sunrise.

“It confirms the government’s on-going commitment to Australia’s critical minerals sector, most recently recognised in the establishment of the $2 billion Critical Minerals Facility,” he said

“As national and state policies evolve to support Australia’s critical minerals sector, large, long-life and low-cost assets like Sunrise will be key to building reliable and sustainable regional supply chains.”

Major project status helps companies access extra support, coordination and information services.

“The Morrison Government is pleased to support the Sunrise Battery Materials project, which will deliver big rewards for regional NSW communities, build our sovereign capability and create new jobs,” Minister Taylor said.

“Australia is lucky to have some of the largest reserves of the critical minerals and metals which drive the modern global economy. As part of the Morrison Government’s Modern Manufacturing Strategy we are committed to building Australia’s capability in critical minerals processing and increase our contribution to global battery supply chains, which is exactly what this project is about.”

On the market today, Sunrise was up 8.66 per cent and is trading at $1.95 per share at 10:48 am AEDT.

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