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Emmerson Resources Limited ( (AU:ERM) ) has issued an update.
Emmerson Resources Limited has announced the completion of a scoping study for the White Devil Gold Project, which confirms its potential as a major mine under joint venture agreements with Tennant Mining. The study indicates a high conversion of mineral resources into mine designs and demonstrates the project’s insensitivity to gold price fluctuations. With feasibility studies underway and expected completion in H1FY26, Emmerson is well-funded to support future exploration and development activities. The project is expected to have a significant lifespan and revenue, with competitive all-in sustaining costs and a strong positive net present value at assumed gold prices.
More about Emmerson Resources Limited
Emmerson Resources Limited operates in the mining industry, focusing primarily on the exploration and development of gold projects. The company is involved in joint ventures to develop mining opportunities, particularly in the Tennant Creek region of the Northern Territory, Australia.
YTD Price Performance: 68.83%
Average Trading Volume: 337,967
Technical Sentiment Signal: Buy
Current Market Cap: A$85.81M
For a thorough assessment of ERM stock, go to TipRanks’ Stock Analysis page.