RNS Number : 3720E
Sunkar Resources PLC
18 December 2009
18 December 2009
SUNKAR RESOURCES PLC
("Sunkar" or the "Company")
UPDATE ON PILOT PLANT TEST PROGRAMME
Sunkar Resources plc (AIM:SKR) announces an update to the Pilot Plant Test programmes for the production of phosphoric acid from its 17% P2O5 Chilisai Phosphate Rock.
Further to the announcement made on 28 September 2009, the Company is pleased to announce the publication of a report on phosphoric acid pilot plant tests prepared by Jacobs Engineering Inc. The complete report can be downloaded from the Company's website at www.sunkarresources.com.
Serik Utegen, CEO, commented: "We are very glad to have obtained the permission of Jacobs to publish their report on our website. Jacobs' results contain data about the ability of Chilisai rock to generate phosphoric acid and phosphate fertilizers."
For further information please contact:
Sunkar Resources
Serikjan Utegen, CEO Tel: +44 20 7930 8678
Donald Sinclair, CFO Tel: +44 20 7930 8678
Canaccord Adams Limited
Mike Jones Tel: +44 20 7050 6500
Bhavesh Patel
GMP Securities Europe LLP
Jeremy Wrathall Tel: +44 20 7647 2800
James Cassley
Bankside Consultants
Simon Rothschild Tel: +44 20 7367 8888
Louise Mason
Editors Notes
Sunkar Resources plc
Sunkar Resources plc commenced mining following its IPO in June 2008. Sunkar's wholly owned subsidiary in Kazakhstan holds the Subsoil Use Contract to the Chilisai Phosphate Rock Deposit in NW Kazakhstan. The contract area is estimated to contain 800 Mt of ore.
Sunkar's strategy is to build an integrated world class ammoniated phosphate fertiliser project with low operating costs. Sunkar's low cost base derives from its near surface phosphate rock deposit, access to sulphur from the nearby Tengiz oil field and regional long-term marginal priced gas.
The Chilisai Phosphate Rock Deposit is ideally located on a transportation hub that spans the agricultural markets from Western Europe through to China.
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services. Neither Jacobs nor any person acting on Jacobs' behalf makes any warranty, express or implied, or assumes any liability with respect to any use or reliance on any information, technology, engineering or methods disclosed or discussed in the report. Any forecasts, estimates, projections, opinions or conclusions reached in the report are dependent upon numerous technical and economic conditions over which Jacobs has no control, and which may or may not occur. Reliance upon such opinions or conclusions by any person or entity is at the sole risk of the person or entity relying thereon.
This information is provided by RNS
The company news service from the London Stock Exchange
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