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Emerald Resources NL (ASX:EMR)

ALERT: Price-sensitive ASX Announcement for EMR
Current share price for EMR : $7.110 1.75 (32.65%)+
Announcement
Release
3 Jul 2026 8:50AM
Price at Release
$5.360
Full Release
download
Summary
Emerald Resources NL announced the execution of two Letters of Award with MACA Mining Pty Ltd, designating MACA as the preferred mining services contractor for its Dingo Range Gold Project in Western Australia and Okvau Gold Mine in Cambodia. These awards, following an Exclusivity Agreement from August 2024, include a 74-month contract for the Dingo Range project valued at approximately A$562.5 million. The Okvau mine contract extends until February 2030, covering further development work. The relationship between Emerald and MACA has been longstanding, recognized for delivering successful mining projects.
Key Points
  • Emerald Resources NL executed two Letters of Award with MACA Mining Pty Ltd.
  • Emerald appointed MACA as the preferred mining services contractor for the Dingo Range Gold Project in Western Australia and the Okvau Gold Mine in Cambodia.
  • The Letters of Award follow an Exclusivity Agreement between Emerald and MACA announced in August 2024.
  • The Dingo Range Gold Project contract includes Drill & Blast, Load & Haul, ROM Crusher Feed, Mine Development, and Ancillary Mining Services.
  • The initial contract term for the Dingo Range Gold Project is 74 months with a contract value of approximately A$562.5 million.
  • The Okvau Gold Mine contract continues from the original 2020 contract, extending to include development of Stages 8 and 9, with a contract extension until February 2030.
  • Emerald's Managing Director, Morgan Hart, highlighted the long-standing relationship with MACA and successful project delivery.
  • The mobilization for the Dingo Range Gold Project is scheduled for December 2026.
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.