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Emmerson Resources builds strong relationships to boost economy of Barkly region in Northern Territory

Last updated: 15:45 26 Jul 2021 AEST, First published: 14:45 26 Jul 2021 AEST

Emmerson Resources Ltd -
Under the multi-million dollar Resourcing the Territory initiative, the Government is supporting mineral and petroleum exploration across the Barkly region.

Emmerson Resources Ltd (ASX:ERM) managing director Rob Bills recently met the Northern Territory's Minister for Mining and Industry Nicole Manison to discuss the $26 million Resourcing the Territory initiative, supporting mineral exploration and development across the Barkly region.

Under the multi-million dollar initiative, the NT Government is supporting mineral and petroleum exploration and development across the region and Emmerson is forging strong partnerships to also benefit the region.

The initiative, which provides high-quality geoscience data to attract companies into the area and offers grants to support innovative exploration activities, is seeing some promising results in the Barkly region.

Emmerson has used its partnerships to attract co-funding and support that have laid the framework for recent discoveries at Mauretania, Goanna and Edna Beryl and is well-positioned with 1,700 square kilometres of highly prospective tenements in the Tennant Creek Mineral Field.

Numerous other companies are exploring for gold and copper in the Tennant Creek and Barkly region as well, including Newcrest Mining, Rio Tinto, Castile Resources, Encounter Resources, Inca Minerals, Greenvale Mining, King River Resources and many more.

Resources key part in economy

At the Boosting Jobs: Promising Prospects in the Barkly event, Minister for Mining and Industry Nicole Manison said: “We know our resources sector is playing a huge role in our economic come back, which is why we announced record funding of $9.5 million for more mineral exploration - to drive more mining and create more jobs across the Territory, with the funding to be ongoing.

“We are serious about getting on with the job of growing our economy to $40 billion by 2030, with 20 mining projects currently working towards a Final Investment Decision (FID) in the Territory with a combined value of $6.2 billion and potential to create 5,700 construction jobs and 3,400 ongoing jobs.

“Our message is clear, if you are looking for the next resource or mining investment, come to the Territory.”

“New and exciting hotspot”

Speaking to the significance of the region, Emmerson MD Rob Bills said: “Tennant Creek is one of Australia’s highest grade gold districts and with the recent influx of exploration companies on the back of new geological data from the Northern Territory Geological Survey, a new and exciting exploration hotspot! 

“Our Mauretania discovery is a great example, where recent drilling has intersected gold beneath the known high-grade gold mineralisation that will likely become the first new open pit deposit in the area.

“Emmerson has partnered with Tennant Consolidated Mining Group where they are establishing a central mill, the key to monetising and unlocking these stranded gold and copper deposits within the Tennant Creek district.

“In addition, Emmerson has partnered with the Traditional Owners in striking a landmark Joint Venture over the Jasper Hills area, whereby the Traditional Owners have a direct equity, plus employment and training opportunities.

“We regard this agreement as an important milestone that builds on a strong partnership with the T/O’s and hopefully is the first of many such agreements that will share the benefits of an exciting future of exploration, mining and processing in Tennant Creek district.”

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