ERM emmerson resources limited

The Nobles Mill is being built and currently due to start...

  1. 1,749 Posts.
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    The Nobles Mill is being built and currently due to start processing in Q3 2025 (only 5 years late) but it seems pretty clear it won't be processing ERM ore in 2025 -

    "Tennant Mining will initially focus on processing existing stockpiles and tailings at
    Tennant Mining’s Nobles open pit mining complex, then development of other open cut
    and underground mines in the Tennant Creek Mineral Field including:
    o Tennant Mining’s Juno, Rising Sun, Weabers Find and Warrego project areas; and

    o Emmerson-Tennant Mining JV areas including the Black Snake, Chariot, Golden Forty,
    Mauretania, Eldorado, Marathon-Troy and White Devil deposits as well as any additional
    discoveries from ongoing Joint Venture exploration efforts.

    The fact that ERM has now joined a scoping study to build a different new processing hub reinforces the belief that we won't see any ERM ore processed at Nobles any time soon. Plus given the first processing hub was discussed in May 2018 the announcement of a scoping study now is not progress just the start of pushing the boulder back up the mountain.

    On top of that we are told that our first drilling of the year is to start in November and run through into December when "The wet season in Tennant Creek begins around October and ends around April." leading to the incredibly high likelihood that we will actually get no drilling at all done in 2024 - which is highly unusual for a exploration company.
 
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