Emerald Resources (ASX:EMR) has taken a huge leap towards establishing its first standalone operation, securing approval for both mining and a mine closure plan at the Dingo Range Gold Project in Western Australia.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
The approvals were this week handed over by the Department of Mines, Petroleum, and Exploration under Mining Act 1978, and follow earlier permissions that allow Emerald to get started on construction and commissioning for the project’s new accommodation camp; a $19 million, 264-room facility on-site.
Getting these approvals is a “key milestone,” managing director Morgan Hart declared, especially as Emerald ramps up its Dingo Range expansion.
Emerald has been working towards moving the Western Australian gold project into a multi-mine operation, with bold goals to exceed 300,000 ounces of annual production across two continents once every is running.
(For those counting on fingers, Okvau in Cambodia is the other project.)
With Dingo’s camp nearly built, Emerald is focusing on bringing in “skilled personnel” for construction and eventual operations, which should start in CY26.
The Dingo Range forms part of Emerald’s wider Aussie growth portfolio, which includes the range’s open-pit resource (40.1 million tonnes at 1.1 grams per tonne gold for 1.36M ounces) across 1,110 square kilometres.
Next up regulation-wise are the hurdles around works approvals and an updated clearing permit; both have been submitted just recently.
The Market Link understands Emerald will share more news early next year.
EMR opened at $5.13/sh before climbing a hair under +1%.
Join the discussion. See what HotCopper users are saying about Emerald Resources Ltd and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.