Emmerson Resources Limited (AU:ERM) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Emmerson Resources Limited has announced that its joint venture partner, Tennant Mining, has begun constructing the Nobles CIL gold processing facility near Tennant Creek, set to create approximately 80 construction jobs and over 160 operational jobs. The facility, crucial for developing resources in the Tennant Creek Mineral Field, is anticipated to start commercial production in the third quarter of 2025. Emmerson will benefit from the venture, receiving a 6% gross production royalty on gold produced from the joint tenements.
For further insights into AU:ERM stock, check out TipRanks’ Stock Analysis page.