Dingo Range Gold Project, Western Australia (EMR 100%)
The Dingo Range Gold Project consists of 39 exploration licences (including 7 applications) and 4 mining licences covering
the majority of the Dingo Range greenstone belt with over 900km² of tenure (refer Figure 5). The Project has the potential to
host multiple standalone deposits or satellite deposits to supply additional ore to a central milling location. It includes the
gold mineralised prospects of Boundary, Neptune, Stirling, Hurleys and Bungarra, located on granted mining licences and
extends over 6.4km of strike length.
During the Quarter the Definitive Feasibility Study (DFS) for the Dingo Range Gold Project progressed. Activities during the
Quarter include:
Resource definition drill program continued over the Boundary, Neptune, Stirling, Hurleys and Bungarra prospects;
Studies continued to support the DFS and submission of a mining proposal;
Commencement of activities for the installation of a 256 room camp and associated infrastructure to support
development and operations;
Water exploration drill programs targeting potential water supply; and
Proposed infrastructure sterilisation drilling for the planned mined development with 57 collars (2,819m) being
completed during the Quarter.
The current resource definition area sits on granted mining licences (36km²) that were recently (2021) licenced to mine and
cart ore to a nearby, third party, treatment processing plant in the district. Emerald’s aim, now that the Project is 100% owned
and funding has been secured, is to deliver the DFS in the December 2024 quarter in advance of an investment decision and
commencement of development in late 2024.
Commencement of development in late 2024- its all happening in the next 2 months. Maybe no dividends to shareholders for awhile as they are self funding this new project. SP rises should make us happy though.
I'm guessing $6 by 1st of January 2025. Please add your estimates and whoever is closest we will shout too on new years day
(20min delay)