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Emmerson Resources Limited (ASX:ERM)

ALERT: Price-sensitive ASX Announcement for ERM
Current share price for ERM : $0.305 0.025 (8.93%)+
Announcement
Release
20 Nov 2025 9:20AM
Price at Release
$0.280
Full Release
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Summary
Emmerson Resources Limited has updated the Mineral Resource Estimate (MRE) for the White Devil Gold Deposit within the Tennant Creek Mineral Field, Northern Territory, which is a joint venture with Tennant Consolidated Mining Group (TCMG). The updated MRE totals 4.71 million tonnes at 4.1 grams per tonne of gold for 616,200 ounces of contained gold, with a significant portion classified as Indicated Resource. The White Devil deposit's mineralisation remains open down dip and along strike, and feasibility studies are ongoing. The project's ownership is structured such that Emmerson retains a 25% interest, with an option to claw back to 40% after completing a Definitive Feasibility Study. The updated resource reflects an increase in both open pit and underground estimates, supporting further development prospects.
Key Points
  • Mineral Resource Estimate updated to 4.71Mt @ 4.1 g/t gold for 616,200 ounces.
  • Indicated Resources increased by 18,600 ounces of gold.
  • Open Pit Resource redefined resulting in 2.7Mt @ 4.7 g/t gold for 404,400 ounces.
  • Feasibility Studies have commenced for development strategy.
  • Mineralisation remains open down dip and along strike.
  • Ownership structure allows Emmerson to claw back to 40% interest.
  • White Devil has a Major Mine Joint Venture status.
  • The project is within a 3.0km gravel road access to Nobles Gold Plant.
  • White Devil produced 761,072oz of gold from 1987 to 1999.
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.