News: EMR Emerald Resources NL Reports HY Profit A$11.9 Mln, page-8

All looks very positive on current mining, with lots of further opportunities identified/already in progress.

Cambodia

• Okvau on track to produce 102,000 – 113,000 ozs for full year.
• Work on the updated Okvau resource and reserve is nearing completion and is expected to be finalised shortly.
• Memot Project maiden resource expected 2023. 1,639km2 of prospective tenure
• The 100% owned Preak Klong and Oktung Projects provide Emerald with 392km² of highly prospective tenure within close proximity to the Okvau Gold Mine.
• The Snuol and Phnom Ktung Projects provide Emerald with 411km² of highly prospective tenure with historical drilling demonstrating significant gold discovery potential. The Snuol Project is located approximately 70km south-west of the Okvau Gold Mine. The Phnom Ktung is located almost immediately to the west of the Ochhung project and 35km from the Okvau Gold Mine. Emerald has the right to earn up to 70% in the projects through a joint venture agreement with Santana Minerals Limited (formerly Mekong Minerals Limited).
• Antrong Project (earning up to 80%) The Antrong Project consists of two exploration licences located between Emerald’s Ochhung and Okvau tenements, 10 kilometres to the north-east of the 100% owned 1.14Moz Okvau Gold Project (refer Figure 5). During the period the Company reached an agreement with Antrong Metals Co. to earn up to an 80% interest in the project.

Australia

• Significant exploration and resource growth potential in Australia (Bullzeye Mining Limited (~60%):
• Resource and reserve expected 2023.
• North Laverton most advanced. Planned exploratory programme of 150,000 m of drilling. To date approx. 25,000m of drilling across Boundary and Neptune.
• BZ has a further two gold projects. These are the Southern Cross Gold Project and the Aurora Gold Project, which cover over 400km2 of tenure. BZ is currently assessing a number of opportunities for the divestment of the Southern Cross Gold Project.