Sunrise Resources plc announced that it has signed a non-binding Memorandum of Understanding ("MOU") with a second potential customer in respect of future sales for perlite from the CS Project. This follows on from the announcement made on 27 April 2018 and, consistent with that announcement, the identity of the counterparty to this second MOU, which is also a long-established buyer and processor of raw perlite, is being held confidential for commercial reasons. As with the recently announced first MOU, this second MOU establishes that the parties will negotiate a definitive purchase and sales agreement ("Offtake Agreement") under which the parties will commit to sell/buy the minimum annual quantity of raw perlite specified in the MOU over a specified period, subject to satisfactory testing results and other commercial terms.