Emerald Resources NL (AU:EMR) has released an update.
Emerald Resources NL has issued 350,000 shares to a key employee following the exercise of options, signaling confidence in the company’s robust financial position, including a cash reserve of A$112.5 million and gold bullion valued at A$24.9 million. The company highlighted its achievements, such as the on-time, on-budget commissioning of the Okvau Gold Mine and anticipates over 100,000 ounces of gold production in 2024. Additionally, Emerald Resources is focused on expansion and exploration in Cambodia and Australia, with significant resource growth potential, and is committed to carbon-neutral operations in Cambodia.
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