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Restructure of joint venture deal the logical next step for Emmerson Resources

Rob Bills, managing director of Emmerson Resources Limited (ASX:ERM), tells Proactive they've reached an agreement with Evolution Mining Ltd (ASX:EVN) to restructure the Tennant Creek Mineral Field (TCMF) joint venture.

Bills says the mutually beneficial proposed new ownership structure reflects the differing size and corporate objectives of the companies.

Quick facts: Emmerson Resources Ltd

Price: 0.089 AUD

ASX:ERM
Market: ASX
Market Cap: $42.97 m
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Emmerson Resources seals deal with new gold partner at Tennant Creek

Emmerson Resources Limited's (ASX:ERM) Rob Bills speaks to Proactive's Andrew Scott after entering a strategic alliance with NT Bullion Ltd for the Northern Project Area (NPA) at the Tennant Creek Mineral Field in the Northern Territory. NT Bullion will invest $2 million in Emmerson shares...

on 28/4/20

2 min read