Emmerson Resources - Dual Exploration Strategy Drives Strong Interest

Gavin Wendt

MineLife

Emmerson Resources is a well regarded gold exploration play - employing innovative exploration techniques in the hunt for sizeable gold discoveries within the Tennant Creek mineral field. Most of this exploration is fully-funded via a lucrative $29m corporate/exploration joint venture with one of Australia's most successful mid-cap gold companies, Evolution Mining (ASX: EVN). Evolution is required to spend $15m in order to earn a 65% stake in the Tennant Creek project and to date has spent ~$9.5m. Concurrently with its hunt for 'elephants', Emmerson is also strongly focused on its 'small mines' strategy, aimed at developing advanced smaller regional deposits into near-term cashflow. Emmerson is fully-funding its 'small mines' exploration activity and to this end recently reported near-surface and high-grade drilling results comprising 5m at 27g/t gold, 6m at 13.2g/t gold and 9m at 5.33g/t at its Edna Beryl mine. The mineralisation at Edna Beryl remains open both along-strike and down-plunge, with good potential for repeats at depth. The company’s dual appraisal strategy is definitely kicking goals from a market perspective, as evidenced by its strong price performance.


Gavin Wendt
Gavin Wendt
Founding Director
MineLife

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment