Emmerson Resources Ltd

Emmerson Resources non-executive director shows confidence in company with share purchase

The company’s non-executive director now holds about 13.5% interest in Emmerson, worth nearly $335,000.

Emmerson has built a highly prospective exploration portfolio of projects covering 2,300 kilometres in the NT

Emmerson Resources Limited (ASX:ERM) non-executive director Andrew McIlwain demonstrated his confidence in the company’s diversified strategy by purchasing shares on-market.

McIlwain bought 60,000 ordinary shares, bring his total shareholding to more than 4.5 million shares.

READ: Emmerson Resources commences maiden drilling at Whatling Hill

The gold and copper mining company started a reverse circulation (RC) drill program testing several large copper-gold targets at its Whatling Hill Project in New South Wales.

Geochemical sampling of the target produced results of up to 2% copper and 0.25 g/t gold.

Two rigs have been drilling with results expected in quarter-two 2019.

Quick facts: Emmerson Resources Ltd

Price: $0.15

Market: ASX
Market Cap: $61.6 m

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Emmerson Resources finalises sale of Warrego Mill

Emmerson Resources (ASX:ERM) managing director Rob Bills updates Proactive Investors finalising the sale of the Warrego Mill in the Northern Territory.   Final payment from Territory Resources of $300,000 wraps up the sale and transfer of the mill and mining...

on 4/7/19

2 min read