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Emmerson Resources Limited ( (AU:ERM) ) has issued an announcement.
Emmerson Resources Limited has released a robust Scoping Study for the White Devil Gold Deposit, confirming its status as a major mine and highlighting a significant development opportunity. The study shows a high conversion rate of mineral resources into mine designs and demonstrates the project’s resilience to gold price fluctuations. The completion of the Nobles CIL processing facility by JV partner Tennant Mining marks a key infrastructure milestone, enabling Emmerson to benefit from a 6% gross production royalty. The company maintains a strong cash position, with $6.2 million on hand and no debt, positioning it well for future exploration and development efforts.
More about Emmerson Resources Limited
Emmerson Resources Limited is an Australian company engaged in the exploration and development of gold and copper resources. The company focuses on projects in the Tennant Creek region of the Northern Territory, known for its high-grade mineral deposits.
YTD Price Performance: 107.79%
Average Trading Volume: 411,607
Technical Sentiment Signal: Buy
Current Market Cap: A$108.1M
Find detailed analytics on ERM stock on TipRanks’ Stock Analysis page.