EMR 0.27% $3.73 emerald resources nl

121 Mining Conference Emerald Presentation

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    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 here

    Live financials A$0.8300

    Shares Outstanding: 515.4M
    Market Capital: A$427.78M
    Year High: A$0.9000
    Year Low: A$0.0300
    Cash: AUD$7M
    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.

    An



 
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