Resource Growth at Emerald’s Projects Raises Questions on Development Pace and Risks
Emerald Resources NL has reported a substantial increase in gold mineral resources at its Memot and Dingo Range projects, advancing its goal to become a multi-mine gold producer.
- Memot Gold Project resource grows 30% to 1.34 million ounces
- Dingo Range Gold Project resource rises 35% to 1.36 million ounces
- Both projects remain open for further exploration with ongoing drilling
- Feasibility studies and permitting progressing ahead of development
- Company targets over 300,000 ounces annual gold production
Significant Resource Growth at Memot and Dingo Range
Emerald Resources NL has announced a notable expansion in its gold mineral resources at two of its flagship projects – the Memot Gold Project in Cambodia and the Dingo Range Gold Project in Western Australia. The latest resource estimates reveal a 30% increase at Memot, now standing at 1.34 million ounces, and a 35% rise at Dingo Range, reaching 1.36 million ounces. These gains underscore the company’s successful exploration efforts and bolster its strategic ambition to become a multi-mine gold producer delivering over 300,000 ounces annually.
Ongoing Exploration and Open Potential
Both projects remain open along strike and at depth, with drilling programs continuing to test extensions of mineralisation. At Memot, drilling has been intensive, with over 400 drill holes and more than 109,000 metres completed, supporting a robust geological model of shallowly dipping sulphide-rich veins within diorite host rock. Similarly, Dingo Range benefits from extensive drilling across multiple deposits within the greenstone belt, with over 2,000 drill holes and more than 270,000 metres logged, confirming continuity and potential for further resource growth.
Advancing Feasibility and Development
Feasibility studies and permitting activities are well underway at both sites. At Memot, the company has submitted an Industrial Mining Licence application and is nearing finalisation of a Mineral Investment Agreement, key steps toward project development. Meanwhile, at Dingo Range, camp construction has commenced, and feasibility studies are significantly advanced, positioning the project for licencing and eventual mining operations. Metallurgical testwork at both projects indicates favourable gold recoveries, with gravity gold recovery circuits expected to maximise extraction efficiency.
Environmental and Governance Commitments
Emerald Resources emphasises its commitment to responsible mining practices. The company targets carbon-neutral operations in Cambodia and adheres to strict compliance with international governance standards and local laws. Environmental impact studies and community engagement form integral parts of the development process, ensuring that the projects deliver net positive social and environmental outcomes.
Strategic Outlook
Managing Director Morgan Hart highlighted the significance of the resource growth, noting that the mineralisation remains open and that ongoing drilling will continue to enhance the resource base. The company’s focus on advancing feasibility and permitting reflects its readiness to transition from exploration to production, aiming to establish a diversified portfolio of gold mines across Cambodia and Australia. This dual-continental approach leverages Emerald’s experienced management team and proven track record in delivering projects on time and budget.
Bottom Line?
Emerald Resources’ expanded gold resources and advancing development plans set the stage for a transformative growth phase in 2025 and beyond.
Questions in the middle?
- How will the ongoing drilling results impact the timing and scale of project development?
- What are the key risks in securing final permits and agreements, particularly in Cambodia?
- How will Emerald balance exploration spending with advancing feasibility and construction activities?