Emmerson Resources' Ore Reserve Estimates Announcement

Emmerson Resources Limited (ASX: $ERM) has released the initial ore reserve estimates for the Chariot, Mauretania, and Black Snake joint venture deposits. The company will receive a 6% royalty on gold produced from these deposits, with strategic alliance agreements stipulating minimum production payments if the joint venture fails to meet specified gold production targets within 5 years. Additionally, the company is in a strong financial position with approximately $3.8 million in cash reserves.

Executive Commentary on Ore Reserve Estimates

The initial ore reserve estimates for the Chariot, Mauretania, and Black Snake joint venture deposits mark a significant milestone for Emmerson Resources. The completion of pre-feasibility studies by Tennant Consolidated Mining Group (TCMG) underscores the progress made in the overall development plans for the Tennant Creek region. The 6% royalty on gold production and the strategic alliance agreements provide a solid foundation for our future revenue streams. We are committed to maximizing the potential of these deposits and ensuring compliance with all joint venture agreements and reporting standards.

Summary of Emmerson Resources' Announcement

Emmerson Resources Limited (ASX: $ERM) has announced the initial ore reserve estimates for the Chariot, Mauretania, and Black Snake joint venture deposits, along with details on strategic alliance agreements and joint venture compliance. The company will receive a 6% royalty on gold produced from these deposits, with potential payments based on the prevailing gold price. The announcement also outlined the company's strong financial position and provided comprehensive information on the strategic alliance, exploration joint ventures, location, geology, mineral resource estimates, mining methods, cost estimation, and recommendations for the next stage of study. Emmerson Resources is actively exploring the Tennant Creek Mineral Field and two early-stage gold-copper projects in New South Wales, with a forward work program in place for development activities and ongoing exploration in the Tennant Creek Mineral Field.