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Empire Resources Limited ( (AU:ERL) ) has provided an update.
Empire Resources has reported preliminary assay results from an eight-hole, 904-metre reverse circulation drilling program completed in November 2025 at its Penny’s Gold Project in Western Australia. Initial composite samples from targets PF09 and PF04 returned multiple zones of anomalous gold mineralisation, including intervals above 1 gram per tonne, with more detailed single-sample assays still pending from the laboratory.
Management described the results at the early-stage Pennys prospect as highly encouraging, noting that the drilling appears to be vectoring towards deeper primary gold mineralisation believed to underpin the extensive near-surface supergene mineralisation at PF09. The confirmation of Penny’s Find-style geological features and a quartz-sulphide shear zone at PF04 supports the case for further exploration and drilling, potentially enhancing the project’s strategic value alongside the nearby producing Penny’s Find Gold Mine, where Empire already holds royalty interests.
More about Empire Resources Limited
Empire Resources Limited is an Australian mineral exploration company focused on gold projects in Western Australia. The company holds interests around the Penny’s Gold Project, located adjacent to the existing Penny’s Find Gold Mine, from which it is also entitled to receive royalties on future gold production operated by Horizon Minerals.
Average Trading Volume: 8,207,714
Technical Sentiment Signal: Sell
Current Market Cap: A$24.02M
See more data about ERL stock on TipRanks’ Stock Analysis page.