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Emmerson Resources Limited ( (AU:ERM) ) has provided an update.
Emmerson Resources Limited has announced the completion of a robust Scoping Study for the White Devil Gold Deposit, confirming its status as a Major Mine under the joint venture agreements with Tennant Mining. This development allows Emmerson to retain a 40% interest in the project, with feasibility studies already underway. The study highlights the project’s resilience to gold price fluctuations and outlines both open pit and underground mining designs. Additionally, recent drilling programs have revealed high-grade gold zones, further supporting the project’s potential for near-surface mining. The company maintains a strong cash position with $4.2 million and no debt, ensuring funding through 2026.
More about Emmerson Resources Limited
Emmerson Resources Limited is a company operating in the mining industry, focusing primarily on gold and copper exploration and development. The company is engaged in various projects, with a significant emphasis on its Tennant Creek projects in the Northern Territory, Australia.
Average Trading Volume: 697,104
Technical Sentiment Signal: Buy
Current Market Cap: A$168.5M
For detailed information about ERM stock, go to TipRanks’ Stock Analysis page.