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Emergent Resources Limited (ASX:EMG) is pleased to announce that an exploration target in the range 3.7 to 4.2 billion tonnes has been interpreted by EMG from aeromagnetic data and geological mapping, with the interpreted volumes modelled and confirmed by its independent geologists, AMC Consultants, at the Company's Beyondie Magnetite Project in Western Australia's mid-west Iron Ore region.
Emergent Resources Limited (ASX:EMG) continued to carry out a high level of exploration work. At Beyondie, the flagship project, the company commenced its 3rd phase of exploration drilling. The program was designed to lift the resource base at the Beyondie Project to 1 Billion tonnes. The program drilled 69 holes for 12,109 metres, over 12km segment of the known 60km total strike length, and was completed post the Quarter, on 23 October 2009. The company's diamond drill programme remains ongoing.
Emergent Resources Limited (ASX:EMG) is pleased to advise that a Subscription and Option Agreement (Agreement) has been signed in Beijing by EMG and the State Owned Enterprise (SOE), China Metallurgical Investment Co Limited (CMIC) to proceed with the previously announced share and option placement in Emergent and A$200m 50:50 Beyondie Development Joint Venture to achieve the commencement of mining operations with an initial targeted production of 3Mtpa of magnetite concentrate.
Emergent Resources Limited (ASX:EMG) is pleased to announce that it has completed its Phase III, resource expansion drill program at the Beyondie Magnetite Project in Western Australia's mid-west Iron Ore region.
Emergent Resources Limited (ASX:EMG) is pleased to announce that Chinese State Owned Enterprise (SOE) China Metallurgical Investment Co Ltd (CMIC) has successfully completed its Due Diligence on its proposed Development Joint Venture for Emergent's Beyondie Iron Project in Western Australia's Mid-West Iron region.
Emergent Resources Limited (ASX:EMG) is pleased to advise that it has entered into a Purchase and Sale Agreement with De Grey Mining Limited (ASX:DEG)(De Grey) to acquire 100% ownership of the Beyondie Iron Ore Project in Western Australia's midwest iron ore region.
Emergent Resources Limited (ASX:EMG) is pleased to provide the following update on its 3rd Phase drill program at its flagship Beyondie Magnetite Project in Western Australia's mid-west Iron Ore region. The Company advises that the drilling program nears its halfway point and that assay results are expected to be available by mid-October.
Emergent Resources Limited (ASX:EMG) is pleased to announce that it has acquired two new exploration tenements at its flagship Beyondie Magnetite Project in Western Australia's mid-west iron ore region. The new tenements (ELA69/2669 and ELA52/2474) are located adjacent to the existing Beyondie project area and provide the Company with an additional 8km of continuous strike length, which extends the total strike length at the project from 52km to 60km and expands the potential size of its resource base.
Emergent Resources Limited (ASX:EMG) has appointed former Gindalbie Metals senior geologist Dan Podger to the position of Technical Services Geologist at the Beyondie Magnetite Iron Project.
Perth-based exploration company Emergent Resources Limited (ASX:EMG) (Emergent) is pleased to announce that it has commenced its third-phase drilling program at the company's flagship Beyondie Iron Project in the mid-west region of Western Australia.