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Emmerson Resources shareholders overwhelming support joint venture restructure

Emmerson Resources Ltd (ASX:ERM) managing director Rob Bills updates Proactive Investors, as the company announces the vast majority of its shareholders have overwhelmingly voted to formally approve the restructuring of the Tennant Creek Mineral Field joint venture with Evolution Mining (ASX:EVN).

The Australian gold resource company is currently midway through a 2,400 meter drilling program at Tennant Creek, seeking to add the Malbec and West Gibbet targets to its small mines portfolio, and further exploring the Mauritania greenfield discovery. Elsewhere at Tennant Creek, an Airborne EM survey of Jasper Hills and Edna Beryl areas has recently concluded, and that data being compiled now.

Emmerson Resources is also processing data from its NSW project, which is set to be released in the coming weeks.

Quick facts: Emmerson Resources Ltd

Price: 0.115 AUD

ASX:ERM
Market: ASX
Market Cap: $48.86 m
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Full interview: Emmerson Resources drilling hits more high-grade gold at...

Emmerson Resources Limited (ASX:ERM) managing director Rob Bills updates Proactive on more high-grade drilling results at the company’s 100% owned Mauretania Project at Tennant Creek in the Northern Territory. Results from the first diamond drill hole further enhances development potential...

1 week ago

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