Emmerson Resources Limited ( (AU:ERM) ) has issued an update.
Emmerson Resources Limited has announced a significant 25% increase in the mineral resource estimate for the White Devil deposit, now totaling 611,400 ounces of gold. This expansion contributes to a 14% increase in the total Tennant Creek resource base, which now stands at 987,400 ounces of high-grade gold. The majority of the White Devil deposit is classified as Indicated Resources, facilitating further development studies and potential conversion to an Ore Reserve. This development marks a substantial advancement for Emmerson, enhancing its economic interest and positioning within the industry. The ongoing construction of the Nobles CIL processing facility is ahead of schedule, with first gold production expected soon, further supporting Emmerson’s growth strategy.
More about Emmerson Resources Limited
Emmerson Resources Limited operates in the mining industry, focusing on the exploration and development of high-grade gold resources. The company is involved in joint ventures to expand its resource base, particularly in the Tennant Creek region.
Technical Sentiment Signal: Buy
Current Market Cap: $50.01M
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