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An announcement from Emerald Resources NL ( (AU:EMR) ) is now available.
Emerald Resources has reported strong infill and exploration drilling results across its 100%-owned Dingo Range Gold Project in Western Australia and its Cambodian assets, the Memot Gold Project and Okvau Gold Mine. At Dingo Range, significant intercepts at the newly discovered Stables Prospect and ongoing resource infill and expansion drilling at the Freeman’s Find, Boundary and Neptune deposits highlight the continuity of high-grade mineralisation and support both open-pit extensions and potential underground development, reinforcing the district’s potential as a multi-deposit gold hub feeding a central mill. In Cambodia, near-mine drilling at the Granite Hill prospect near Okvau underpins an application for an Industrial Mining Licence in 2025, while high-grade results at Memot have fed into a recent resource update, collectively pointing to meaningful growth in Emerald’s resource base and future production options across its core jurisdictions.
The most recent analyst rating on (AU:EMR) stock is a Hold with a A$8.50 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.
More about Emerald Resources NL
Emerald Resources NL is an Australian gold producer and developer with operations centered on the Okvau Gold Mine and associated exploration tenure in Cambodia, as well as the Dingo Range Gold Project in Western Australia. The company focuses on developing and expanding gold resources through a combination of near-mine and greenfield exploration, targeting both open-pit and underground deposits within highly prospective greenstone belts, while emphasizing ESG commitments and a goal of carbon-neutral operations in Cambodia.
YTD Price Performance: 18.83%
Average Trading Volume: 1,814,979
Technical Sentiment Signal: Buy
Current Market Cap: A$4.96B
Find detailed analytics on EMR stock on TipRanks’ Stock Analysis page.