Just reminscing about all the great times being a long term ERM holder and remembered this from the 31st of May 2018, almost 5 years ago to the day;
"Strategic Alliance with Territory Resources to build Tennant Creek Processing Hub to support Small Mines" This hub was to be built after ERM sold its mill to TTY and was to include a "Proposed 300,000tpa facility to be the hub for feed from Emmerson’s 100% owned small mines which have priority over other third party feed" according to the announcement "First gold production is projected to occur in late 2018 – contingent on receiving the necessary regulatory approvals" and the main mine that was going to feed this mill was none other than "Edna Beryl which is now in production via a Tribute Agreement with specialist small miner, the Edna Beryl Mining Company. This mine is producing at grades in excess of 30-40g/t gold."
Also of note was that "Black Snake Mine granted approval by Northern Territory government – Emmerson’s second small mining operation after Edna Beryl"
IF you want to go further back to 10 years ago we had the results of a strategic review which "reaffirmed Emmerson is on track for:
1) Discovery of new deposits within the Tennant Creek Mineral Field (TCMF).
This is based on the recent discovery of a new style of mineralisation at
Goanna and Monitor that was blind to previous explorers, together with an
analysis of the tonnes/grade distribution of the historical deposits, confirming
good potential for further discoveries.
2) Continuing to build the resource inventory ahead of an eventual return to
production."
The more things change the more the stay the same
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