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Emmerson Resources outlines three-pronged gold strategy during Proactive online session

The company has a gold royalty revenue stream and exploration projects in the Northern Territory and Central West NSW.

Emmerson Resources Ltd - Emmerson Resources ed outlines three-pronged gold strategy during Proactive online session
Managing director Rob Bills presented the Emmerson story to investors

Emmerson Resources Limited (ASX:ERM) has a three-pronged strategy with gold as the primary focal point and today managing director Rob Bills outlined progress to investors during a Proactive online session.

The company has a revenue-producing gold royalty stream, is exploring in the prolific Tennant Creek Mineral Field in the Northern Territory as well as in the Molong Volcanic Belt in NSW.

Drilling to start

The latter, which hosts Newcrest Mining’s giant Cadia Valley copper-gold mines, has been the centre of considerable interest in recent times owing to the Boda discovery by Alkane Resources Limited (ASX:ALK).

Emmerson has five projects that contain many attributes of known deposits in the region of Central West NSW and is set to commence drilling at the Kiola Copper-Gold Project.

NT Bullion alliance

In early May the company entered a strategic alliance with NT Bullion Ltd for the Northern Project Area (NPA) at Tennant Creek Mineral Field with NT Bullion to invest $2 million in Emmerson shares.

The first tranche of shares will raise around $200,000 and the second tranche will raise around $1.8 million, with the completion of both tranches of the placement due by May 31, 2020.

Formation of an exploration earn-in and joint venture will also see NT Bullion fund the next $5 million of NPA exploration.

To view Rob Bills’ presentation from today, please click here.

Quick facts: Emmerson Resources Ltd

Price: 0.11 AUD

ASX:ERM
Market: ASX
Market Cap: $46.73 m
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Emmerson Resources' partner NT Bullion talks plans for near-term production...

NT Bullion's Rodney Illingworth discusses with Proactive's Andrew Scott the near-term exploration and production plans for the Northern Project Area (NPA) at the Tennant Creek Mineral Field in the Northern Territory. The firm's in partnership there with Emmerson Resources Limited (ASX:ERM). As...

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