Empire Resources Advances Yuinmery Drilling with 2,593m Completed; Assays Awaited

• 21 reverse circulation holes drilled for 2,593m at Yuinmery Project
• Drilling targeted six prospects including YT01, YT12, YT19, Magnetic Hill, Main Road, Marcus-Augustus
• Assay results from June quarter drilling are still awaited
• Empire holds royalties on Penny’s Find Gold Mine with milestone payments
• Cash position at $457,000 with $600,000 in unsecured director loans

Exploration Momentum at Yuinmery

Empire Resources Limited (ASX, ERL) has reported the completion of a 21-hole reverse circulation (RC) drilling campaign totaling 2,593 metres at its Yuinmery Project during the June 2025 quarter. The campaign focused on six key prospects, YT01, YT12, YT19, Magnetic Hill, Main Road, and Marcus-Augustus, aiming to test for copper-gold mineralisation within the Youanmi greenstone belt of Western Australia.

The Yuinmery Project is notable for hosting the Just Desserts volcanogenic massive sulphide deposit, with an inferred resource of 2.52 million tonnes grading 1.31% copper, 0.49 grams per tonne gold, and 1.76 grams per tonne silver. The recent drilling sought to expand on this base, with particular attention on the YT01 prospect where previous drilling has traced a copper-gold zone over at least 700 metres and to depths of 260 metres.

Awaiting Assay Results Amidst Geological Complexity

All samples from the June drilling program have been submitted to Intertek Maddington Laboratory in Perth, with assay results pending at the time of reporting. The company’s exploration team has highlighted the geological complexity of the area, including steeply dipping mineralisation at YT01 and structural controls such as faults and folds influencing mineral distribution at YT19 and other prospects.

Historical data and recent drilling at YT12 and Marcus-Augustus prospects have shown encouraging copper and gold intersections, suggesting potential for resource growth. Magnetic Hill and Main Road prospects, with their unique geological settings and historical exploration records, add further depth to Empire’s exploration portfolio.

Strategic Royalties and Financial Position

Beyond exploration, Empire retains royalty interests on the Penny’s Find Gold Mine, now owned by Horizon Minerals Ltd. The royalty structure includes milestone payments linked to mining commencement and first gold pour, positioning Empire to benefit from future production. Horizon’s recent prefeasibility study indicates a financially viable underground operation, which could unlock value for Empire’s royalty stream.

Financially, Empire reported approximately $190,000 in exploration and evaluation expenditure during the quarter, ending with $457,000 in cash. The company has secured $600,000 in unsecured loans from Director Dr Michael Ruane, providing a runway of roughly 2.4 quarters at current expenditure levels. This funding supports ongoing exploration and business development activities.

Looking Ahead

Empire’s immediate focus is to integrate forthcoming assay results to better define the resource potential of its Yuinmery prospects. Concurrently, the company is advancing exploration license applications near Kalgoorlie, targeting gold mineralisation in underexplored greenfield areas. These efforts underscore Empire’s strategy to build a sustainable mineral business through both direct exploration and strategic investments.

Bottom Line?

With assay results pending, Empire Resources stands at a pivotal moment to translate exploration efforts into tangible resource growth and shareholder value.

Questions in the middle?

• What will the assay results reveal about the grade and continuity of copper-gold mineralisation at Yuinmery?
• How might Empire leverage its royalty interests in Penny’s Find amid Horizon Minerals’ development plans?
• What are the prospects and timelines for advancing the newly granted and applied-for tenements near Kalgoorlie?