Emmerson Resources Advances White Devil Scoping Study Towards Major Mine Development

Emmerson Resources Limited ( (AU:ERM) ) has shared an update.

Emmerson Resources Limited has provided an update on its White Devil Scoping Study, highlighting the potential for a major mine development. Preliminary pit optimizations have shown a high conversion rate of the mineral resource estimate into the pit shell, with the study assuming a gold price of A$4,000 per ounce. The scoping study is expected to be completed soon, with permitting underway and plans to move into a pre-feasibility study. The development of the White Devil deposit is seen as a significant opportunity under the joint venture agreement with Tennant Mining, with Emmerson retaining a substantial interest in the project.

More about Emmerson Resources Limited

Emmerson Resources Limited is a company in the mining industry, primarily focused on gold exploration and development. The company is involved in joint venture agreements to develop significant mineral resources, particularly in the Northern Territory of Australia.

YTD Price Performance: 75.32%

Average Trading Volume: 588,865

Technical Sentiment Signal: Buy

Current Market Cap: A$85.81M

For detailed information about ERM stock, go to TipRanks’ Stock Analysis page.