Emmerson Resources reveals early stage copper-gold discovery in New South Wales
Auger drilling at Whatling Hill and fieldwork across other New South Wales projects underway.
Company
ASX:ERM
Emmerson Resources is a Perth-based explorer with an emerging gold royalty business. The company has a large landholding in the rich Tennant Creek Mineral Field (TCMF) in the Northern Territory.
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Auger drilling at Whatling Hill and fieldwork across other New South Wales projects underway.
Progressing the company's strategy of monetising smaller, high-grade resources.
The restructure unlocks the potential for greater near-term value for shareholders.
The company now has exposure to cobalt, a high-value battery metal.
The indicative cobalt grades at Jasper Hills compare favourably with other Australian projects.
The gold producer is set to announce new cobalt, copper projects.
The agreement provides Emmerson with an income stream via a royalty agreement.
Work is set to begin next month assessing gold, copper and cobalt targets
The company will gain 100% of the gold-dominant assets in the TCMF.
The company is debt free and in a position to fund exploration and development in 2018
Deposits in the Macquarie Volcanic Arc are often part of much larger systems.
David Croll-led Noontide Investments boosts its stake to 12.5%.
Emmerson recently poured its first gold from Edna Beryl.
Full-scale mining is expected to start at Edna Beryl early in 2018.
Early drilling as targeted the Mt Leadley Prospect within the Kadungle Project.
Drilling has started at Tennant Creek and will soon launch at Kadungle.
Near term focus on gold-silver within large porphyry copper-gold systems.
Emmerson is on a pathway to becoming an Australian gold producer.
The halt will remain in place until Monday 9th October 2017.
Edna Beryl is the first new mine in the Northern Territory for over a decade.