NT Government Feasibility Study on Shared Processing Facility
Sydney, April 27, 2017 AEST (ABN Newswire) - Emmerson Resources Ltd (
ASX:ERM) (EMMRF:OTCMKTS) CEO Rob Bills Talks to ABN Newswire about the proposed contribution of the NT Government to Mining Services at Tennant Creek and surrounding area.
A number of smaller explorer/miners will benefit greatly from the initiative by the Government that will reduce the capital requirement to begin processing ore, as well as shortening the timeframe for explorers to transition to producers.
The Media Release by the NT Government Chief Minister Michael Gunner is reproduced below.
MEDIA RELEASE
MICHAEL GUNNER
CHIEF MINISTER OF THE NORTHERN TERRITORY
Tennant Creek Mining and Mining Services Centre
The Labor Government's pre-election commitment to developing the mining services industry in Tennant Creek will be given a boost with a commitment to the feasibility study into building a common user mine and processing facility in the town.
This study will determine the viability of this project with the aim to be to allow small mining operations to get underway without the cost of a major investment in their processing costs. This is an impediment which is preventing small companies and mining efforts from getting underway.
This project comes on top of investment in 2017-18 of $6.5 million for an Early Childhood Integrated Learning Centre, $5 million into upgrading the town's sporting facilities and $1 million in entrance statements for the town.
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About Emmerson Resources Limited
Emmerson Resources Limited (ASX:ERM) (FRA:42E) recently commenced exploration on new gold-copper projects in NSW, identified (with our strategic alliance partner Kenex Limited) from the application of 2D and 3D predictive targeting models – aimed at increasing the probability of discovery. The highly prospective Macquarie Arc in NSW hosts >80Mozs gold and >13Mt copper with these resources heavily weighted to areas of outcrop or limited cover. Emmerson's five exploration projects contain many attributes of the known deposits within the Macquarie Arc but remain under explored due to historical impediments, including an overlying cover (plus farmlands) and a lack of exploration focus. Kadungle is a JV with Aurelia Metals covering 43km2 adjacent to Emmerson's Fifield project.
In addition, Emmerson is exploring the Tennant Creek Mineral Field (TCMF), one of Australia's highest-grade gold and copper fields producing over 5.5 Mozs of gold and 470,000 tonnes of copper from deposits including Warrego, White Devil, Orlando, Gecko, Chariot and Golden Forty. These high-grade deposits are highly valuable exploration targets, and to date discoveries include high-grade gold at Edna Beryl and Mauretania, plus copper-gold at Goanna and Monitor. These are the first discoveries in the TCMF for over a decade.
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