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Mining Capital
Market: ASX
52-week High/Low: A$0.03 / A$0.01
Sector: Mining
Market Cap: A$7.73M

Empire Resources Ltd (ASX:ERL) is currently focused on minerals exploration and development in Western Australia.

Empire Resources Ltd

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Empire Resources Ltd Snapshot

Empire Resources Limited is an ASX listed and Perth based precious and base metal focused explorer and project developer.

Empire Resources Limited focuses principally on the exploration for and development of gold and copper deposits. Since listing in February 2007, the Company has made three significant discoveries in Western Australia and announced JORC compliant resources for two of them.

At the Penny’s Find project near Kalgoorlie, the Company discovered a near surface high grade gold deposit which has a JORC 2012 compliant resource estimated at 470,000 tonnes @ 4.42g/t Au (66,800 ounces). In 2010 the Company entered into an agreement with Brimstone Resources Ltd who subsequently earned a 40% interest in the project by funding exploration.

Empire is currently focused on the development of the Penny’s Find deposit and in February 2016 submitted a Mining Proposal to the WA Department of Mines and Petroleum to commence mining operations based on an open pit reserve of 146,000 tonnes @ 4.62g/t Au (21,700 ounces). Scoping studies have also commenced on gold mineralization located below the planned open pit where there is a resource of 170,000 tonnes @ 5.40g/t Au.

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Last updated 27th June 2016.

Tom Revy
BAppSc., AusIMM

Mr Revy is a mining professional with in excess of 25 years experience in the industry to date including operations, process design and commissioning, technical and general management, business development, project and company evaluation and corporate management. Countries where extensive work has been undertaken include Australia, PNG, Southern and Central Africa, Central and South America and China.

David Sargeant
Managing Director
BSc., AusIMM

Mr Sargeant, who holds a Bachelor of Science degree in economic geology from the University of Sydney, has more than 40 years' experience as a geologist, consultant and company director. As such, he has been involved in numerous mineral exploration, ore deposit evaluation and mining development projects and is a member of AusIMM and the Geological Society of Australia.

During his career, Mr Sargeant has held a range of senior positions, including that of senior geologist with Newmont Pty Ltd and senior supervisory geologist with Esso Australia Ltd at the time of the Harbour Lights Gold Mine discovery and development. Further, Mr Sargeant was the first chief geologist at Telfer Gold Mine during exploration, development and production at that project. In addition, he was exploration manager for the Adelaide Petroleum NL group of companies, manager of resources development for Sabminco NL and a technical director of Western Reefs Limited during the period in which that company became a successful producer at the Dalgaranga Gold Project.

Adrian Jessup
Executive Director
BSc., AusIMM

Mr Jessup also holds a Bachelor of Science degree (with honours) in economic geology from the University of Sydney and has more than 40 years' continuous experience as a geologist, company director and consultant involved in mineral exploration, ore deposit evaluation and mining. He is a member of AusIMM, the Geological Society of Australia and the Australian Institute of Geoscientists.

For the past 11 years, Mr Jessup has operated a geological consulting company. During that time, he was a founding director of Sylvania Resources Limited and remained on the board of that company for two years. Prior to that, Mr Jessup was managing director of Giralia Resources NL for eight years, from the company's inception in 1987. Previously, he worked for AMAX Exploration Inc. as a senior geologist and as regional manager in charge of the company's mineral exploration in Western Australia.

Last updated 27th June 2016.

Registered and principal office
53 Canning Highway
Victoria Park 6100
Western Australia
(Corner Taylor Street)

Telephone: (08) 9361 3100
Facsimile: (08) 9361 5184
Email: [email protected]

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