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Last A$0.03 AUD
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As of 1:49 AM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

emmerson resources ltd (ERM) Snapshot

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emmerson resources ltd (ERM) Details

Emmerson Resources Limited engages in the exploration and evaluation of mineral properties in Australia. It primarily explores for gold and copper. The company owns a suite of exploration and mining tenements in the Tennant Creek Mineral Field covering an area of approximately 2,500 square kilometers. Emmerson Resources Limited was incorporated in 2005 and is based in West Leederville, Australia.

emmerson resources ltd (ERM) Top Compensated Officers

Managing Director, Chief Executive Officer an...
Total Annual Compensation: A$410.0K
Chief Financial Officer and Secretary
Total Annual Compensation: A$171.7K
Principal Geologist
Total Annual Compensation: A$206.8K
Exploration Manager of Tennant Creek
Total Annual Compensation: A$161.4K
Compensation as of Fiscal Year 2014.

emmerson resources ltd (ERM) Key Developments

Emmerson Completes 18,000 Meters Drilling and Secures Co-Funding for Deep Drilling & Innovative Seismic Survey at Tennant Creek

Emmerson Resources Limited has successfully secured co-funding from the Northern Territory Government. The funding, which has been provided through the Northern Territory's Creating Opportunities for Resource Exploration (CORE) will be for two initiatives: Deep diamond drilling to test for gold potential beneath the recently discovered copper mineralisation at Goanna and also beneath the historic Gecko mine. This drilling will be guided by the recent 2D seismic geophysics that suggests favourable geology and structures continue at depth and may host deeper gold mineralization. A 60km line of regional 2D seismic reflection to better refine the underlying geology and controls to the mineralisation within the Tennant Creek Mineral Field (TCMF). The co-funded deep diamond drilling is awaiting the availability of a suitable rig and is envisioned to commence in July 2015. This will be an exciting program given Emmerson's belief that the metal zonation at Gecko and Goanna indicates potential for a sizeable gold zone underlying the high grade copper mineralisation. The regional seismic survey is planned to commence mid-June and will provide the first deep seismic profile through the entire TCMF. This survey has the potential to rewrite the structural and geological framework of the field and provide important regional context to reinvigorating the discovery of a new generation of gold and copper deposits. In parallel to these initiatives, work continues on identifying new gold-copper targets through the utilisation of new computer aided targeting methodologies. Where parameters that have a high correlation with the major deposits in the TCMF are used to calculate the probability of predicting the next big discoveries. To date 15 areas have been prioritised for further field/data checking, with five of these representing new greenfields targets that have seen little or no previous exploration. Once this work is complete, the high ranking will be scheduled for drill testing later in the year. The 18,000m of RAB drilling completed at Billy Boy has successfully identified new massive iron alteration that typically host high grade gold mineralisation within the TCMF. This drilling is aimed at sampling the regolith/bedrock beneath the sand cover and pinpoint gold, copper, bismuth anomalism ahead of later testing with reverse circulation or diamond drilling. In addition, two of the four planned diamond drill holes have been completed and have successfully verified the underlying geology, in particular the presence of the "hematite shale" horizon which is associated with high grade gold mineralisation at most major deposits within the TCMF. Samples from RAB drilling have been dispatched to the assay laboratory while core logging and sampling is underway on the diamond drilling program.

Emmerson Resources Limited Announces Director Changes

The Board of Emmerson Resources Limited announced the appointment of Dr. Allan Trench as a Non-Executive Director, effective immediately. Dr. Trench is a geologist/geophysicist with extensive experience in strategy, project development and operations within the natural resources sector. Mr. Simon Andrew, a founding Director of Emmerson, due to increasing personal commitments, has tendered his resignation, effective March 3, 2015.

Emmerson Resources Limited, Annual General Meeting, Nov 20, 2014

Emmerson Resources Limited, Annual General Meeting, Nov 20, 2014., at 16:00 Central Standard Time. Location: Tennant Creek Battery Hill and Mining Centre. Agenda: To re-elect Mr. Andrew Mcilwain; to adopt the remuneration report; to consider the ratification of prior issue of shares; to approve the incentive option scheme; to consider the issue of incentive options to Mr. Andrew Mcilwain, Mr. Simon Andrew, Mr. Robert Bills; to approve 10% placement facility; and to transact any other business that may be legally brought before the meeting.


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