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The latest announcement is out from Emerald Resources NL ( (AU:EMR) ).
Emerald Resources NL has updated the Mineral Resource Estimate for its 100%-owned Dingo Range Gold Project in Western Australia to 40.9 million tonnes at 1.1 g/t gold for 1.41 million ounces, including a higher-grade component of 24.2 million tonnes at 1.4 g/t gold for 1.12 million ounces. The resource, which covers deposits along the Boundary–Bungarra trend as well as the Great Northern and Freeman’s Find deposits, remains open at depth and along strike, indicating strong potential for further growth. Ongoing drilling is targeting underground extensions at the Boundary Prospect and is expected to support a maiden ore reserve and finalisation of development studies, while the project has now received full mining permits, with only works approval outstanding. Together with the recent resource update at the Memot Project, these developments position Emerald to advance into full development at both projects in 2026 and move towards its objective of becoming a 300,000–400,000 ounce per annum gold producer, reinforcing its growth trajectory in the gold sector.
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 in Cambodia and growth projects in both Cambodia and Western Australia. The company focuses on open pit and potential underground gold mining, with significant exploration tenure at the Dingo Range Gold Project in Western Australia and the Memot Project in Cambodia, aiming to expand its resource base and increase annual gold production. It emphasizes ESG commitments, including strict compliance with governance and environmental standards and a goal of carbon-neutral operations in Cambodia.
Average Trading Volume: 1,808,732
Technical Sentiment Signal: Buy
Current Market Cap: A$4.96B
See more data about EMR stock on TipRanks’ Stock Analysis page.