Emmerson Resources continues strong progress across pipeline of projects in Northern Territory and New South Wales
High-grade gold and copper from drilling at Mauretania at Tennant Creek has enhanced future open pit development potential. The company had a cash balance of $5.8 million as at March 31.
Emmerson Resources Ltd (ASX:ERM) continues to make strong progress across its pipeline of Northern Territory exploration projects with funds generated by low-risk royalty streams.
After further progress during the March quarter, the company is preparing for new drill programs following the end of the northern wet season.
The company is also advancing exploration at its suite of highly prospective projects in the gold-copper prolific Lachlan Fold Belt of New South Wales.