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Emerald Resources NL (ASX:EMR)

ALERT: Price-sensitive ASX Announcement for EMR
Current share price for EMR : $5.260 -1.77 (-25.18%)+
Announcement
Release
21 Jan 2026 9:05AM
Price at Release
$7.030
Full Release
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Summary
Emerald Resources NL announced a 27% increase in the Memot Gold Project's total Mineral Resource, raising it to 1.7 million ounces from the previous estimate. The resource expansion includes a significant conversion to the Indicated category, providing a foundation for estimating a maiden ore reserve. The Memot Gold Project, located in Cambodia, is fully permitted following the grant of an Industrial Mining Licence and a Mineral Investment Agreement. The project is set to commence development in 2026, with further drilling planned to expand the resource. Emerald Resources also continues to advance its Dingo Range Gold Project in Western Australia and the Okvau Gold Mine in Cambodia, aiming to become a 300,000 to 400,000 ounce-per-annum gold producer. The total expenditure on the Memot licences amounts to approximately US$26.7 million, with ongoing exploration efforts to enhance resource growth potential.
Key Points
  • Memot Gold Project's Mineral Resource increased by 27% to 1.7Moz.
  • Over 70% of the resource is in the Indicated category.
  • The project is fully permitted for development and operations.
  • Development set to commence in 2026.
  • Further extensional and regional drilling planned for 2026.
  • Emerald aims for 300,000 to 400,000 ounce-per-annum gold production.
  • Dingo Range Gold Project and Okvau Gold Mine also progressing.
  • Total expenditure on Memot licences is approximately US$26.7M.
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.