Exploration Update on Fiery Creek Copper Prospect

Emu NL (ASX: $EMU) has announced an exploration update on the Fiery Creek Copper prospect within the Georgetown Project in North Queensland. The company's exploration team has identified significant extensions to the high-grade copper veining at Fiery Creek, with surface copper veining extending 2.5km along strike within a major structural NNW setting. Interpretation of aeromagnetic data suggests potential mineralisation and hydrothermal alteration extending approximately 6km to the SSW within the Yataga Igneous Complex. EMU's field teams are conducting soil, rock, and termite sampling over the newly identified extension, with a pXRF sampling program set to commence to provide immediate feedback on mineralisation. Additionally, a LIDAR and photogrammetry drone survey is underway to provide high-resolution topographical and photographic definition of structural settings, improving access route and drill planning. A geophysics survey is scheduled to commence in August 2024, with EMU expediting accesses for a drill program at Fiery Creek following interpretation and vectoring from geophysics results.

Executive Commentary on Fiery Creek Copper Prospect

EMu Non-Executive Chairman Peter Thomas expressed excitement about the progress and updates at Fiery Creek, highlighting the growing extent of the high-grade copper system. He mentioned that the prospect appears to lie at the magmatic hydrothermal transition zone, with the postulated subjacent porphyry copper shell interpreted to be the source of high-grade copper mineralisation. Thomas emphasized that the results from geochemistry and geophysics surveys are aimed at delivering optimized vectors for their maiden drilling program.

Summary of Fiery Creek Copper Prospect Update

Emu's exploration team has made significant progress in identifying extensions to the high-grade copper veining at the Fiery Creek Copper prospect. The company's ongoing comprehensive sampling and surveying programs aim to further investigate and build upon this potentially significant copper porphyry discovery. The identified extent of the high-grade copper system at Fiery Creek is growing, indicating the potential for a massive multimillion tonne copper porphyry system. The prospect is interpreted to lie at the magmatic hydrothermal transition zone, with the postulated subjacent porphyry copper shell being the source of high-grade copper mineralisation. EMU is expeditiously progressing the administrative processes for a drill program to commence at the Fiery Creek Copper prospect as soon as possible, following the interpretation and vectoring from geophysics results. The company's efforts reflect its commitment to advancing exploration activities and unlocking the potential of the Fiery Creek Copper prospect.