Sunrise Energy Metals Limited provided an update on exploration drilling activities at the Sunrise East and Phoenix Platinum prospects. Sunrise East: The first two diamond drill holes completed at Sunrise East (SDD029 and SDD030) intersected a cobalt-bearing laterite zone in ultramafic rocks and porphyry-style alteration associated with more evolved mafic to felsic intrusions. Hole SDD029 returned 5.8m @ 1120 ppm cobalt near surface with encouraging grades of nickel, scandium and platinum in the oxide zone.

Hole SDD030 intersected multiple mafic to felsic intrusive phases with encouraging minor copper mineralisation and wide intervals of porphyry-style red rock alteration. A third diamond drill hole (SDD031) is currently underway with gold, platinum and multi- element assays, petrography and age dating studies in progress on the first two holes. An application has been submitted for a follow up 53-hole RC drill program to test the extent of further cobalt and nickel mineralisation at Sunrise East.

Phoenix Platinum: The Phase 2 diamond drill holes completed at Phoenix Platinum Prospect intersected multiple intervals of platinum mineralisation, though platinum grades are lower than previous bonanza grades intersected in the Phase 1 drill program. Work on understanding controls to mineralisation is continuing.