Quarterly Activities/Appendix 5B Cash Flow Report

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Stock Empire Resources Ltd (ERL.ASX)
Release Time 28 Jan 2025, 3:07 p.m.
Price Sensitive Yes
 Empire Resources Reports Promising Yuinmery Drilling Results
Key Points
  • Significant copper-gold intercepts from aircore drilling at Yuinmery prospects YT01 and YT19
  • Follow-up drilling planned to test for extensions and higher-grade mineralization
  • Tenement applications lodged for prospective gold exploration targets near Kalgoorlie
Full Summary

Empire Resources has reported the results of a recent aircore drilling program at its Yuinmery copper-gold project, located approximately 470km northeast of Perth in Western Australia. The drilling program tested four targets, with the most promising results coming from the YT01 and YT19 prospects. Significant intercepts from YT01 include 43m @ 4294ppm Cu from 16m, including 8m @ 8230ppm Cu from 28m, and 20m @ 2917ppm Cu and 0.25g/t Au from surface. At YT19, the drilling returned results such as 31m @ 2060ppm Cu from 24m and 28m @ 2138ppm Cu from 4m, including 4m @ 2325ppm Cu and 0.15g/t Au. The company notes that the copper-gold mineralization at YT01 extends for at least 700m east-west and is open to the west, with potential for higher grades in this direction. Follow-up drilling is planned for late January 2025 to further test the extent and grade of the mineralization. In addition, Empire has lodged two new exploration license applications near Kalgoorlie, targeting gold mineralization in prospective greenstone terrain. The company also provided updates on its Penny's Find gold royalty and the Gnaweeda and Diversity Resources royalties.

Outlook

Empire's short-term focus is to follow up on the promising drilling results at Yuinmery to establish the resource potential of the prospects. Further favourable results could provide significant upside for the company and its shareholders.