Emmerson Resources Begins Commercial Gold Production at Nobles Project

Emmerson Resources Limited ( (AU:ERM) ) has issued an announcement.

Emmerson Resources Limited has announced the commencement of commercial gold production at the Nobles Project in Tennant Creek, in partnership with Tennant Mining, a subsidiary of Pan African Resources. This marks a significant milestone just four and a half years after the joint venture’s inception. The production is expected to generate substantial royalty payments for Emmerson, with a potential shortfall payment of approximately $18 million anticipated if production targets are not met. The company is also looking forward to further exploration and development opportunities in the region, including the White Devil Gold Project and its own gold-copper projects.

More about Emmerson Resources Limited

Emmerson Resources Limited is a company operating in the mining industry, focusing on gold and copper exploration and production. The company is engaged in joint ventures and owns several projects, primarily in the Tennant Creek Mineral Field, with a market focus on expanding its mineral resource base and developing high-grade polymetallic deposits.

YTD Price Performance: 68.83%

Average Trading Volume: 590,206

Technical Sentiment Signal: Buy

Current Market Cap: A$88.99M

For a thorough assessment of ERM stock, go to TipRanks’ Stock Analysis page.