Emmerson Resources Limited (AU:ERM) has released an update.
Emmerson Resources Limited has reported substantial progress at its Tennant Creek project, with significant gold and copper drill results at Golden Forty and the declaration of the first Ore Reserves in over 20 years, totaling 79,140oz of gold. The company anticipates further growth in these deposits, as they remain open at depth, and benefits from a strategic partnership that includes a 6% royalty on gold production. Emmerson remains financially robust with $3.2 million in cash and no debt as of March 2024.
For further insights into AU:ERM stock, check out TipRanks’ Stock Analysis page.
