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5.2¢ emmerson resources limited

X, after my quick scan of this positive announcement I still...

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Rikardo

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19/03/24

09:49

Post #: 72954136
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Originally posted by X-terra: ↑

Based on the current mining schedules, there is 17 months of pre production mine development at Chariot (Figure 7), 9 months of
pre strip mining at Mauretania and one month of pre strip mining at Black Snake (Figure 22). Given the extended pre production
periods and the fact that mining has not commenced at any of the deposits, it is unlikely that there will be material production prior
to the 5 year anniversary of entering the NPA or SPA SMJV’s. Detailed scheduling is underway on these deposits as part of
TCMG’s ongoing development activities.
Emmerson is in no way liable for any of the capital or operating costs of mining and production, however in accordance with the
JORC code and ASX listing rules, for an Ore Reserve to be announced financial outcomes need to be included. Chariot, Mauretania
and Black Snake form a portion of the overall TCMG gold project. The study completed by TCMG, outlines a project that produces
~138,612oz from Probable Ore Reserves, which Chariot, Mauretania and Black Snake form a portion, and results in the following
high level financial outcomes:

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X, after my quick scan of this positive announcement I still couldn't see any definitive mention of when the "mill" would be commissioned or installed? Any thoughts?

ERM Price at posting: 5.2¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.2¢		Change -0.002(3.70%)		Mkt cap ! $28.32M

Open	High	Low	Value	Volume
5.4¢	5.4¢	5.2¢	$6.835K	129.8K

Buyers (Bids)

No.	Vol.	Price($)
1	103942	5.2¢

Sellers (Offers)

Price($)	Vol.	No.
5.3¢	117682	2

View Market Depth

No.	Vol.	Price($)
1	103942	0.052
1	392156	0.051
5	159800	0.050
1	100000	0.049
1	106000	0.048

Price($)	Vol.	No.
0.053	117682	2
0.054	112129	3
0.055	272625	3
0.056	20000	1
0.058	65800	1

Last trade - 14.48pm 20/06/2024 (20 minute delay)

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