Emmerson Resources Limited ( (AU:ERM) ) has issued an announcement.
Emmerson Resources Limited announced a significant expansion of their Tennant Creek resource base with a maiden Mineral Resource Estimate for the White Devil Deposit, increasing the base to 866,000 ounces of high-grade gold. This development, which includes nearly 90% of the deposit being classified as Indicated Resources, positions Emmerson for potential economic growth and strategic advantage. The White Devil Deposit might soon be classified as a Major Mine Deposit under their joint venture agreement, allowing Emmerson to retain a substantial ownership stake, which marks a vital development for the company in recent years.
More about Emmerson Resources Limited
Emmerson Resources Limited is a company involved in the mining industry, focusing on the exploration and development of high-grade gold resources. They have a significant presence in the Tennant Creek region and are engaged in joint ventures to enhance their resource base.
YTD Price Performance: -25.00%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $33.08M
For detailed information about ERM stock, go to TipRanks’ Stock Analysis page.