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Emerald Resources NL (ASX:EMR)

ALERT: Price-sensitive ASX Announcement for EMR
Current share price for EMR : $6.860 1.13 (19.72%)+
Announcement
Release
6 May 2026 8:24AM
Price at Release
$5.730
Full Release
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Summary
Emerald Resources NL has received the final regulatory Works Approval for its 100% owned Dingo Range Gold Project, clearing the way for the commencement of development works. The approval covers essential infrastructure for gold production, which is to be entirely internally funded. Emerald has also completed the project's camp and plans to continue drilling throughout 2026. The company committed to purchasing major equipment, including SAG Mills, indicating confidence in the project and aligning with its strategic objective to become a substantial gold producer across multiple regions.
Key Points
  • Emerald Resources NL has received final regulatory approval for the Dingo Range Gold Project from the Western Australian Government’s Department of Water and Environmental Regulation.
  • The approval includes the project's processing plant, power station, tailings storage facility, and infrastructure necessary for gold production.
  • Emerald has completed and commissioned the Project’s camp for construction and operational staff.
  • Drilling programs are planned to continue throughout 2026 to support mineral resource updates, focusing on open pit extensions and underground development potential.
  • Emerald has committed to purchasing two 8,000kW Metso SAG Mills for Dingo Range and Memot Gold Project in Cambodia, costing approximately A$30 million.
  • The SAG Mills are crucial long lead capital items affecting the timing for the first gold production.
  • Emerald’s Managing Director emphasized the significance of the Works Approval as a milestone and the commitment to purchase long lead items for the project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.