Emerald Resources NL (ASX:EMR) Reports Maiden Gold Resource
Maiden Gold Resource Announcement
Emerald Resources NL (ASX:EMR) has announced a maiden Mineral Resource Estimate of 1.01 million ounces at its Dingo Range Gold Project. The estimate is based on a total of 28.0 million tonnes at a grade of 1.13g/t Au. The resource incorporates the Boundary to Bungarra trend and Freeman’s Find Prospects, constrained by the completed drilling and remains open at depth and along strike.
Growth Prospects
Following the completion of the acquisition of the Dingo Range Gold Project in June 2024, drilling continues to indicate the project’s potential as Emerald’s first standalone mining and processing operation in Australia. The company anticipates the extraction process will achieve over 90% recovery using conventional Carbon-in-Leach (CIL) technology on free milling ore.
Emerald’s Managing Director, Morgan Hart, expressed enthusiasm about the resource estimate, stating, “Emerald is pleased to announce the maiden gold resource estimate of 1 million ounces at the Dingo Range Gold Project. The prospects within the resource estimate remain open at depth and along strike. Drilling continues at the Project with the aim of providing regular resource updates throughout 2025.”
Future Plans
Emerald plans to advance feasibility studies ahead of the development of the Dingo Range Gold Project in 2025. An aggressive exploration program is also planned for 2025, focusing on expanding resource estimates through drilling programs and regional soil sampling. This ambitious strategy aims to enhance the production profile prior to development.
The Dingo Range Gold Project covers approximately 950 square kilometers of the Dingo Range greenstone belt and is recognised for its significant exploration and resource growth potential both in Australia and Cambodia.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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