EMR 1.64% $4.20 emerald resources nl

Ann: Half Yearly Report and Accounts, page-4

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  1. 25 Posts.
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    Page 8 briefly mentioned depth extension drilling "beneath the floor of the PFS pit design" and notes at the end of the reporting period (which reporting period?) assay results were outstanding. My spec is that the DFS delay is awaiting these results for final pit depth / design. This, coupled with the +50 degrees pit wall steepening should enable increased depth at (relatively) low open cut costs. DD09OKV029 - 10m @ 5.6g (230m DH depth but looks more like 190m from surface?) and DD12OKV105 - 10m @ 5.5g from 190m look like good inclusions.
    Management have reiterated the DFS is on track for March Quarter, and looking forward to the revised resource estimate / maiden reserve that will accompany the DFS.
 
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