How Emerald Resources Is Expanding Gold Production and Resources Across Two Continents

Stable Production Amid Weather Challenges

Emerald Resources NL has reported a solid quarter for its flagship Okvau Gold Mine in Cambodia, producing 22,035 ounces of gold despite heavy rainfall that delayed access to high-grade ore. The mine’s all-in sustaining costs (AISC) improved to US$1,186 per ounce, down from US$1,318 in the previous quarter, reflecting operational efficiencies. With a high plant availability of 98% and gold recovery rates of 82.8%, the operation remains on track to meet its full-year guidance of 105,000 to 120,000 ounces at an AISC aligned with the life-of-mine estimate of US$966 per ounce.

Robust Financial Position Supports Growth

Emerald’s financial health is underpinned by a strong cash position, with cash, bullion, and listed investments totaling A$303.6 million as of September 2025. The Okvau Gold Mine generated pre-tax operating cash flow of A$82.2 million for the quarter, nearly matching the company’s record performance in December 2024. This liquidity provides a solid foundation for advancing exploration and development activities across Emerald’s portfolio.

Significant Resource Growth in Australia and Cambodia

The company announced substantial resource upgrades at two key projects. The Dingo Range Gold Project in Western Australia saw its combined measured, indicated, and inferred mineral resource estimate increase by 35% to 40.1 million tonnes at 1.1 grams per tonne gold, equating to 1.36 million ounces. This includes a high-grade component of 23.2 million tonnes at 1.4 grams per tonne for 1.07 million ounces. Meanwhile, the Memot Gold Project in Cambodia’s resource estimate expanded by 30% to 31.4 million tonnes at 1.3 grams per tonne gold, totaling 1.34 million ounces, with 73% classified as indicated resources. Both projects remain open for further resource growth along strike and at depth.

Advancing Feasibility and Permitting

Feasibility studies and permitting processes are progressing well. At Dingo Range, the company has submitted mining proposals and works approvals, with infrastructure such as a 256-room camp nearing completion to support upcoming construction and operations. Similarly, Memot has received in-principle approval for its Industrial Mining Licence and Mineral Investment Agreement, key milestones that pave the way for development. Updated mineral resource estimates are expected by the end of 2025, with further development updates to follow.

Exploration Success Fuels Pipeline

Exploration drilling continues to deliver promising results across multiple prospects. Notable discoveries include high-grade intercepts at the Stables Prospect near Dingo Range and Granite Hill near Okvau, as well as encouraging first-pass drilling at Kang Roland North within the Antrong North Exploration Licence. These results highlight the potential to extend mineralisation and add to the company’s resource base, supporting a long-term growth strategy.

Commitment to Sustainability and Community

Emerald Resources is advancing its sustainability agenda with a focus on carbon neutrality, environmental stewardship, and social responsibility. The company has planted over 115,000 trees as part of a carbon offset restoration project in Cambodia and continues to support local communities through initiatives such as new school buildings and maternal health programs. Cultural awareness training and biodiversity offset projects further demonstrate Emerald’s commitment to operating responsibly across its sites.