Emmerson Ramps Up Tennant Creek Exploration With $6.9m Q1 2026 Program

Emmerson Resources Limited ( (AU:ERM) ) just unveiled an update.

Emmerson Resources has announced a sharp escalation in exploration activity at its Tennant Creek joint venture, with the JV committee approving a A$6.9 million work program for the first quarter of 2026 that includes 8,600 metres of diamond drilling, 13,900 metres of reverse circulation drilling and a 180km² airborne magnetotelluric survey over five priority targets. The campaign will focus on extending the high-grade White Devil gold resource, testing geophysical targets around White Devil and between the Golden Forty and Nobles deposits, and drilling extensions to the historic TC8 mine and the Comstock trend, marking the largest quarterly exploration effort in the field in more than two decades and underscoring the partners’ conviction in Tennant Creek’s underexplored potential. Emmerson’s approximately A$1.4 million share of the Q1 budget will be funded from existing cash and recent option exercises, and is expected to be further underpinned by about A$20 million in minimum production payments due in 2026, leaving the company in a strong financial position to support accelerated growth in resources and potential future production.

More about Emmerson Resources Limited

Emmerson Resources Limited is an Australian mineral exploration company focused on high-grade gold deposits in the Tennant Creek Mineral Field of the Northern Territory. Through a joint venture with Tennant Mining, a subsidiary of Pan African Resources, Emmerson holds a 25% interest in an extensive ~1,800km² tenure package centred on historic but underexplored gold and copper-gold mines, positioning it as a leveraged junior partner in a district-scale redevelopment play.

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Technical Sentiment Signal: Buy

Current Market Cap: A$168.7M

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