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AIM:EEE

Empire Metals Ltd

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Market:
AIM
Market Cap:
£10.52 m
Price
3.20 GBX
Change
-3.03%
52 weeks high
5.73
52 weeks low
0.73

In brief

Empire Metals’ primary focus is on the Eclipse Gold Project in Western Australia which produced 954 tonnes @ 24.6 g/t Au for 754.25 oz Au from the Eclipse shaft which operated up to 1910.  In addition to the known mineralisation at and surrounding the Eclipse old workings, recent geophysics and geochemistry work has highlighted further potential mineralisation at two additional targets north-west of Eclipse, the Houdini and Easy prospects.

The company’s 50% joint venture in Georgia covers an area of over 860 sq km and has a 30-year mining licence with a variety of targets and projects ranging from greenfield exploration / target definition phase through intermediate target-testing phases to more advanced projects including Kvemo Bolnisi East which is due to advance to Feasibility Study.

Snapshot

The second phase of drilling at Empire's 75%-held Eclipse gold project is now well advanced