Morgan Hart will speak and say this:--Emerald Resources
Website: www.emeraldresources.com.au
Primary ticker: ASX:EMR
Stage of development: Exploration, Development
Commodity: Gold
Project to promote: 100% owned 1.14Moz at 2.0g/t Au Okvau Gold Project in Cambodia and other 100% owned granted licences, applications and earn-in & joint venture agreements covering a combined area of 1,239km²
Project location: Cambodia
Corporate presentation: Click hereLive financials A$0.8300
Cash: AUD$7MShares Outstanding: 515.4MMarket Capital: A$427.78MYear High: A$0.9000Year Low: A$0.0300
Debt: AUG$82M
Major shareholders:
Morgan Hart – 8.13%
Ross Stanley – 7.35%
Other EMR Directors and Management – 6.52%
Ruffer LLP – 5.93%
Other Institutional Investors ~42%
Management ownership ~22%
""We have a highly experienced Board and management team, undoubtedly one of the best credentialed gold development teams in Australia with a proven history of developing projects successfully, quickly and cost effectively. We are comprised of a team of highly competent mining engineers and geologists who have overseen the successful development of gold projects in developing countries such as the Bonikro Gold Project in Cote d’Ivoire for Equigold NL and more recently, Regis Resources Ltd.
Prior to Emerald acquiring the Cambodian Gold Projects through the off-market takeover of Renaissance Minerals Limited (ASX:RNS delisted), the Board and management assessed many prospective gold development projects around the world.
Since 2016, Emerald’s main focus has been the exploration and development of the Cambodian Gold Projects which comprise of a combination of 100% owned granted licences, applications and earn-in & joint venture agreements covering a combined area of 1,239 km². The 100% owned Okvau Gold Project is the Company’s most advanced project which is located approximately 275 kilometres north-east of Cambodia’s capital city of Phnom Penh in the province of Mondulkiri."Key investor takeaways
1. We have a highly experienced Board and management team, undoubtedly one of the best credentialed gold development teams in Australia with a proven history of developing projects successfully, quickly and cost effectively.
2. We are comprised of a team of highly competent mining engineers and geologists who have overseen the successful development of gold projects in developing countries such as the Bonikro Gold Project in Cote d’Ivoire for Equigold NL and more recently, Regis Resources Ltd.
3. The 1.14Moz Okvau Gold Project is on-time and on-budget and forecast gold production by mid-2021 is 100koz pa at an AISC of US$754/oz.Management Profile
Morgan Hart, Managing Director
Morgan Hart, Managing Director – Mr Hart is a Geologist and experienced Mining Executive. He is formerly an Executive Director COO of Regis Resources Ltd, responsible for the development of three gold mines in four years (Moolart Well, Garden Well and Rosemont). Prior to that, Mr Hart was Executive Director COO of Equigold NL, responsible for the development and construction of the Bonikro Gold Project in Ivory Coast West Africa along with the management of the operation of the Mount Rawdon and Kirkalocka gold mines in Australia.
What is your rationale for taking part 121 Mining Investment?
To provide a market update to institutional funds, private equity groups, family offices and sector analysts as we head towards commissioning and first gold pour at the Okvau Gold Project.
What recent news would you like to highlight to investors attending?
Quarterly Report for the period ended 31 December 2020
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Commissioning and first gold pour at the Okvau Gold Project whilst advancing exploration activities on regional prospective gold licences.
6 Months:
Establishing timely gold production from Okvau Gold Project whilst advancing exploration activities on regional prospective gold licences.12 Months:
Maintaining forecast gold production from Okvau Gold Project whilst advancing exploration activities on regional prospective gold licences.What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Managing project development timeline with uncertainties around international freight due to disruptions caused by the COVID-19 pandemic.
What do you think makes your company such a compelling investment?The 1.14Moz Okvau Gold Project is on-time and on-budget and forecast gold production by mid-2021 is 100koz pa at an AISC of US$754/oz.
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