Sign up Australia
Proactive Investors - Run By Investors For Investors

Emmerson Resources substantial shareholder boosts stake

The gold producer is set to announce new cobalt, copper projects.
ASX sign board
Emmerson is already generating cash flows from small gold mines

Emmerson Resources Limited (ASX:ERM) substantial shareholder Noontide Investments Ltd has increased its stake in the company to 13.5% from 12.5% through on market buying.

The Sydney-based fund, which specialises in small-cap gold sector investments, has bought close to 5 million shares and now holds about 55 million shares in Emmerson.

Emmerson is already generating cash flows under a tributary agreement from its eight small gold mines, which are being ramped up to produce in series, with a second gold bar expected to be poured from Edna Beryl soon.

Drilling at Tennant Creek is ongoing, with fresh drilling at high-grade projects identified under the former JV set to commence this month.

But the real story for 2018 surrounds a cobalt-copper project that will be announced soon, and an early stage cobalt-manganese project in New South Wales.

View full ERM profile View Profile

Emmerson Resources Ltd Timeline

Related Articles

1523390152_MawsonTruck.jpg
April 11 2018
The group kicked off, in January, a 15,000m winter drill program at Rajapalot
drill rig at site
April 10 2018
The company's shares are trading about 8% higher intra-day, at 1.4 cents.
Picture of high-grade manganese sample
April 12 2018
Mineral Resources' proposed takeover of Atlas Iron indicates that the market for manganese assets is on the rise.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use