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Empire Resources Limited (ASX:ERL)

ALERT: Price-sensitive ASX Announcement for ERL
Current share price for ERL : $0.008 0 (0%)+
Announcement
Release
23 Oct 2025 7:02PM
Price at Release
$0.008
Full Release
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Summary
Empire Resources Limited announced the results from its recent exploration activities at the Yuinmery Project in Western Australia. The company completed significant drilling at several prospects, including YT19, YT01, Magnetic Hill, and Marcus-Augustus, yielding encouraging copper-gold mineralization results. The Yuinmery Project's volcanogenic massive sulphide deposits are emphasized as a key resource. Empire engaged consultant geologists for a field review, identifying Marcus and YT01 as priority drilling targets. The company conducted a 42-hole air core drilling campaign and plans to raise additional capital to support its exploration and development objectives. The Appendix 5B Cash Flow Report highlights the net cash used in operating activities and an additional $200,000 loan secured for working capital.
Key Points
  • Empire Resources Limited completed drilling at multiple prospects including YT19, YT01, Magnetic Hill, and Marcus-Augustus, discovering notable copper-gold mineralization.
  • The Yuinmery Project hosts volcanogenic massive sulphide deposits with a JORC 2012 combined resource.
  • Consultant geologists conducted a field review of the Yuinmery Project, highlighting Marcus and YT01 as priority drilling targets.
  • Empire completed an air core drilling campaign with 42 holes at Yuinmery Project for copper-gold mineralization.
  • Significant drilling results at YT12 Prospect reveal multiple zones of low-grade copper-gold mineralization.
  • Empire plans to raise additional capital to fund exploration and development costs.
  • Appendix 5B Cash Flow Report indicates net cash used in operating activities and a $200,000 loan for working capital.
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.