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ASX Announcement 19 October 2021 sunrise energy metals MELBOURNE , Australia Quarterly Activities Report Sunrise Energy Metals Limited ( Sunrise Energy Metals or Company ) ( ASX : SRL and OTC : SREMF ) is pleased to provide an update on its activities for the quarter ended 30 September 2021 . Key Developments : • Work streams to advance the development of the fully integrated Sunrise Battery Materials Project continue with activities focussed on : . • ○ Processing of an application for a modification of the Project's NSW Development Consent . ○ Temporary relocation of autoclaves . о Progressing the long - lead electrical transmission line ( ETL ) work scope . ○ Advancing ongoing commercial discussions with landowners , local councils , the NSW State Government and other impacted parties for land access agreements required for key infrastructure including the water pipeline and the ETL . Commencement of drilling on one of the Company's exploration licences for limestone resources , a key process reagent used in the Sunrise Project's processing plant . The offtake agreement with Beijing Easpring , signed in 2017 , was terminated by mutual agreement . The result is that the Company now has 100 % of its future nickel and cobalt production available as it seeks to arrange a financing package for the Project . The 3 - hole second phase of the drilling campaign at the Phoenix Platinum Zone has been completed , with assay results expected during October . The acquisition of the Hylea Project achieved completion , expanding the Company's footprint in the highly prospective Lachlan Fold Belt . The Hylea Project is located approximately 50km north of the Sunrise Project and exhibits similar geology and encouraging cobalt grades from previous drilling . The demerger of Clean TeQ Water Limited was implemented on 1 July 2021 in line with the timetable detailed in the Demerger Booklet released to the ASX on 17 May 2021 . • The Company had A $ 33 million cash on hand as at 30 September 2021 . Sunrise Energy Metals Limited ( ACN 127 457 916 ) 12/21 Howleys Road , Notting Hill VIC 3168 T +61 3 9797 6700 F +61 3 9706 8344 info@sunriseem.com | sunriseem.com ASX Announcement