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Emerald Resources (ASX:$EMR) announces maiden gold resource at Memot project

Emerald Resources NL announces maiden gold resource at Memot project


Emerald Resources NL (ASX:$EMR) has announced the maiden gold resource at its 100% owned Memot Gold Project in Cambodia. The resource contains an inferred resource of 8Mt at 1.84g/t Au for 470,000 ounces, with the potential for a second standalone operation for the company in Cambodia. The company's Managing Director, Morgan Hart, expressed satisfaction with the milestone, highlighting the commitment to expanding exploration in both Cambodia and Australia.

Executive Commentary on Maiden Gold Resource at Memot Project


Emerald's Managing Director, Morgan Hart, stated, 'Emerald is pleased to announce a Maiden Gold Resource at our 100% owned Memot Gold Project. This Maiden Resource confirms our commitment to expanding exploration (both in Cambodia and Australia) and is envisaged to give the Company the opportunity of a second Cambodian gold operation to complement our flagship Okvau Gold Mine. Whilst Memot is currently in the early stages of the Resource and Reserve definition process, ongoing drilling success is expected to allow us to meet our aim of commencing development of the project in 2025. Alongside our North Laverton Gold Project in Western Australia (Emerald 76.8%), we are on track to consolidate our position as a significant gold production and exploration Company with operations across two continents.'

Summary of Emerald Resources' Announcement


Emerald Resources NL has successfully announced the maiden gold resource at its Memot Gold Project in Cambodia, marking a significant milestone for the company. The inferred resource of 8Mt at 1.84g/t Au for 470,000 ounces has provided the company with the confidence to ramp up drilling activities and invest in Stage 2 with a further 50,000 metre drill program planned to commence in early 2024. This milestone aligns with the company's ambition to commence development of the project in 2025, further solidifying its position as a significant gold production and exploration company with operations across two continents. The company's commitment to expanding exploration in both Cambodia and Australia demonstrates its dedication to long-term growth and development.

Sourcehttps://announcements.asx.com.au/asxpdf/20231221/pdf/05yt5z8t06w7l5.pdf

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