Emerita Resources awarded pre-feasibility contract study for IBW project

Emerita Resources (EMOTF) announces it has awarded the contract for completion of the Iberian Belt West, IBW, Pre-Feasibility Study, PFS, to SLR Consulting. The PFS will be designed to meet NI 43-101 requirements. Wardell Armstrong, which was acquired by SLR in October 2024, has been the Qualified Person, QP, responsible for the Mineral Resource Estimates to date at IBW and have been extensively involved in IBW metallurgical testing. SLR was awarded this engagement after a diligent tendering process. The initial group of twenty-three companies were narrowed down to a short list of five, from which detailed proposals were considered. The SLR proposal provided the best fit in terms of timing, expertise familiarity with the IBW project and other projects in the region and overall value. The PFS is expected to be completed in approximately six months. David Gower, P.Geo., CEO of Emerita, comments, “Our team is excited to launch this phase of the IBW project development. We have continued to grow the mineral resources at IBW’s El Cura deposit throughout this year and have completed the requisite infill drilling to convert Inferred Resources to Indicated and Measured categories that permit them to contribute to a PFS level study.”