Emmerson Resources Limited (AU:ERM) has released an update.
Emmerson Resources Limited has reported significant advancements in their Tennant Creek Project, with Tennant Mining beginning construction of a gold processing facility expected to commence operations by Q3 2025, promising 6% royalty returns for Emmerson. Additionally, the company has added over 200,000 oz of high-grade gold to their resources, bringing the total to 376,600 oz at 5.2 g/t gold, with promising recovery rates exceeding 95%. With a strong cash position and no debt, Emmerson’s strategic alliances and joint ventures in the Northern Territory are set to substantially increase their royalty revenues and contribute to the region’s mining revitalization.
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