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Mining Capital

'A fantastic step forward' for commercial production at Emmerson Resources

Emmerson Resources Ltd (ASX:ERM) managing director Rob Bills tells Proactive Investors all the details of the explorer and producer's recent agreement with Territory Resources Ltd (ASX:TTY).

"This is a fantastic step forward for Emmerson. It solves a remaining key requirement for commercial production of gold in the Tennant Creek Mineral Field. So, it's the development of a modern, centralised processing facility at Warrego... we've obviously got the exploration, we've got the mining, but obviously we didn't have the processing up until this development," explains Bills.

The agreement unlocks the potential of a number of assets in the area for Emmerson Resources, which has a strategy of producing gold from small mines in order to fund exploration work.

Approvals have been obtained from the Northern Territory government for the Black Snake Mine, which will be Emmerson's second small mining operation to come online after Edna Beryl.

 

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