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ASX:ERM

Emmerson Resources Ltd

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Market:
ASX
Market Cap:
$59.48 m
Price
$0.14
Change
-3.45%
52 weeks high
0.16
52 weeks low
0.07

Emmerson Resources Limited is an ASX listed (ERM) gold resource company that recently (July, 2014) secured a landmark Joint Venture agreement with Evolution Mining (ASX: EVN).

Tennant Creek

Location: Australia, Northern Territory, Tennant Creek Mineral Field (TCMF)

Ground Holding:

  • 2,600 km²
  • Consolidating ~95% of the Tennant Creek Mineral Field's prospective Warramunga formation rocks.

Commodity:

  • Gold (Au) and Copper (Cu)

Ownership Status:

  • 100% ownership of all titles, excluding;
  • Barkly Joint Venture Titles (Emmerson 30%) – MLC's 217 – 224 & 57
  • Mt Samuel Titles (Emmerson 85%) – MCC's 212 & 308 and MLC's 599 & 619
  • Mt Samuel Titles (Emmerson 50%) – MLC 617

The Tennant Creek Mineral Field is situated approximately 500km North of Alice Springs on the Stuart Highway, the main road link between Adelaide and Darwin. Important infrastructure running through Tennant Creek includes the Adelaide-Darwin railway and gas pipeline. Tennant Creek has a population of approximately 3,500 and is the main service Centre of the Barkly Tablelands region.

(click here for more information on this project)


Tennant Creek JV

Summary of the Strategic Alliance

The Strategic Alliance between Emmerson and Territory Resources(TTY) is transformational for Emmerson (and the wider Tennant Creek Region) as for the first time for many decades, it delivers to our strategy of monetising stranded assets through developing an integrated, mining, processing and exploration hub.

The Alliance provides a low risk pathway to commercial production from Emmerson’s portfolio of small mines and importantly, will generate funding for ongoing exploration programs in the Northern Territory and New South Wales.

(click here for more information on this project)


NSW

Location: Australia, New South Wales

Emmerson's strategy is focused on generating world class, copper-gold projects in stable jurisdictions. Also recognising that copper and gold are in demand and that many major mining companies no longer have inhouse exploration expertise.

Emmerson identified the Macquarie Arc in NSW as a world class, metal endowed geological belt which for a variety of reasons, is well under represented in terms of actual deposits. The metal endowment of the Macquarie Arc (in NSW) hosts >80Mozs gold and >13Mt copper with these resources heavily weighted to areas of outcrop or limited cover.

Emmerson and our strategic alliance partner, Kenex Limited developed 2D and 3D predictive models from multiple datasets that aim to statistically improve the probability of discovery. In a "blind test" of this approach, the porphyry copper-gold models (for the Macquarie Arc region in NSW), identified 56moz of gold from the total known gold endowment (includes production) of 59mozs. Similarly, the epithermal gold model identified 6mozs from a total known endowment of 7mozs of gold.

Emmerson's counter-cyclic entry into NSW in 2106 coincided with the downturn in the mineral industry, affording an opportunity to apply for large ground positions over prospective targets within the Macquarie Arc. Emmerson's five exploration projects contain many attributes of the known deposits within the Macquarie Arc but remain under explored due to historical impediments, including overlying cover (farmlands and younger rocks) and a lack of exploration focus. Kadungle is a JV with Aurelia Metals covering 43km² adjacent to Emmerson's Fifield project.

(click here for more information on this project)


NSW JV

Location: Australia, New South Wales

Ground Holding: EL6226 Kadungle, JV area with Aurelia, covers a total of 43.34 km²
Commodity: Gold (Au) ± Silver (Ag), Copper (Cu), Lead (Pb) Zinc (Zn)
Ownership Status: Emmerson Resources has now increased its interest to 80% of the Joint Venture by completing the Stage 2 Farm-In.


Kadungle Project

In 2016, Emmerson entered into a Joint Venture with Aurelia Metals (ASX:AMI), over their Kadungle project in NSW. Historical drilling by Aurelia indicated potential for both shallow gold-silver and deeper, copper-gold mineralisation – within a region that Emmerson considered highly prospective for multiple deposits of porphyry copper and gold. Emmerson has subsequently earnt an 80% interest through meeting the terms of the earn-in expenditures.

The Kadungle project is situated adjacent to Emmerson’s Fifield project and consolidates a large package of ground within the prospective Lachlan Transfer Zone.

(click here for more information on this project)

 

 

Last updated 25th July 2019


Andrew McIlwain
Non-Executive and Independent Chairman
BE (Mining) – Melb, MAusIMM

Mr McIlwain has over 25 years experience in the mining industry. He is a qualified mining engineer and has held operational, technical, senior management and executive roles within Mount Isa Mines Limited, Central Norseman Gold Corporation, WMC Resources and Lafayette Mining Limited. More recently, an independent consultant, he worked with Oxiana, Heemskirk and Tusker Gold fousing on corporate transactions.  Mr McIlwain is currently the Managing Director of Unity Mining Ltd, and is also a Non-Executive Director of Kidman Resources Ltd and GoldStone Resources Ltd.

Mr McIlwain brings operational and corporate experience in a variety of fields including the establishment of operational sustainability, project development and both equity and conventional debt financing. He joined Emmerson's Board in February, 2007.



Rob Bills
Managing Director and Chief Executive Officer
B.Sc, M.Sc

Mr. Bills holds a Bachelor of Science degree (Monash University 1984) and a Master of Science (James Cook University 1989). He joined Emmerson Resources in September 2007 after a 25 year career in exploration and mining with Western Mining Corporation (WMC), then BHPBilliton. During his career with WMC Mr. Bills held numerous senior management positions including Senior Mine Geologist at Kambalda, Senior Research Geologist for Australasia, President Director of WMC Indonesia, Group Exploration Manager with WMC and most recently at BHPBilliton held the position of Global Commodity Specialist. Mr. Bills brings to the Company a track record of global exploration and management success including a detailed knowledge of Iron Oxide Au-Cu-U deposits and a deep understanding of the exploration business.
     


Dr Allan Trench
Non-Executive Director
B.Sc (Hons), Ph.D, M.Sc, MBA

Dr Trench is a geologist/geophysicist with extensive experience in strategy, project deveolpment and operations within the natural resource sector.  Dr Trench holds degrees in Geology, a Doctorate in Geophysics, a Masters in Mineral Economics and a Masters in Business Administration. His former roles inlcude management of nickel and gold/base metal exploration teams in the Yilgarn region of WA, initially for WMC and subsequently for a group of junior ASX listed companies.  From 2002 Dr Trench worked as a business consultant for McKinsey and Company, then as a manager at KCGM Pty Ltd and Woodside Petroleum, and more lately as a consultant with the CRU Group, providing business analysis and intelligence on the global mining and metals markets. He is also non-exectuive independent director of a number of Australian listed resources companies.



Last updated 25th July 2019

Phone: (08) 9381 7838   
Fax: (08) 9381 5375      
Email: [email protected]
    
Address
3 Kimberley Street
WEST LEEDERVILLE WA 6007
Australia

Postal Address
PO BOX 1573
WEST PERTH WA 6872
Australia

Directors

Andrew McIlwain - (Non-Executive Chairman)
Rob Bills - (Managing Director and Chief Executive Officer)
Dr Allan Trench - (Non-Executive Director)

Company Secretary - Trevor Verran


Registered and Principal Office

3 Kimberley Street
West Leederville WA 6007
Australia


Contact Details

Telephone: +61 89381 7838
Facsimile: +61 89381 5375


Postal Address

PO Box 1573
West Perth WA 6872
Australia

Email: [email protected]
Website: www.emmersonresources.com.au


Share Registry

Advanced Share Registry Services Limited
110 Stirling Highway
Nedlands WA 6009

PO Box 1156
Nedlands WA 6909


Media Enquiries

Fivemark Partners
Michael Vaughan
+61 422 602 720
2C Loch Street
Nedlands WA 6009
Australia


Auditors

Ernst & Young
The Ernst & Young Building

11 Mounts Bay Road
Perth WA 6000


Solicitors to the Company

Steinepreis Paganin Lawyers and Consultants
Level 4, Next Building
16 Milligan Street
Perth WA 6000

 

 

Last updated 25th July 2019