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Emerald Resources NL ( (AU:EMR) ) has shared an announcement.
Emerald Resources has lifted the mineral resource at its 100%-owned Memot Gold Project in Cambodia to 1.7 million ounces of gold, a 27% increase from the July 2025 estimate, following further drilling and a lower cut-off grade. The updated Memot resource stands at 45.0Mt at 1.2g/t Au, including a higher-grade component of 21.6Mt at 1.8g/t Au for 1.24Moz, with a more than 22% increase in the Indicated category and mineralisation remaining open in all directions. With Memot now fully permitted through the grant of an Industrial Mining Licence and a Mineral Investment Agreement, Emerald plans extensional and regional drilling in 2026 and is preparing a maiden ore reserve to support final development studies, positioning the project for development start in 2026. Combined with ongoing progress at the Dingo Range project and strong performance from Okvau, the Memot upgrade underpins Emerald’s strategy to scale up to 300,000–400,000 ounces of annual gold production and signals a period of significant growth for shareholders and other stakeholders.
The most recent analyst rating on (AU:EMR) stock is a Buy with a A$7.50 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 ASX-listed gold producer and developer with operations focused on Cambodia and Western Australia. Its flagship Okvau Gold Mine in Cambodia has produced around 450,000 ounces of gold since commissioning in 2021, and the company is advancing growth projects including the 100%-owned Memot Gold Project in Cambodia and the Dingo Range Gold Project in Western Australia, both with significant open-pit gold resources and large prospective tenement holdings. Emerald emphasizes in-house project development delivered on time and on budget, and has stated ESG commitments including strict governance standards and a goal of carbon-neutral operations in Cambodia.
YTD Price Performance: 9.02%
Average Trading Volume: 1,819,615
Technical Sentiment Signal: Buy
Current Market Cap: A$4.52B
Learn more about EMR stock on TipRanks’ Stock Analysis page.