PriceSensitive

Emerald Resources (ASX:EMR) pours first gold at Okvau

Mining
ASX:EMR      MCAP $2.272B
24 June 2021 13:10 (AEST)

Emerald Resources (EMR) has poured its first gold at its 1.14-million-ounce Okvau Gold Mine in East Cambodia.

During the three-day commissioning of the gold room, Emerald produced two gold bars weighing a combined 8.6 kilograms.

Commissioning activities initially focused on the processing of oxide ore and focus will now shift to commissioning the fine grind float circuit and adding higher grade sulphide ore to the process plant.

“The first gold pour is a major milestone for both the company and Cambodia as the project becomes the first modern large scale mine to operate in the country,” Managing Director Morgan Hart said.

“Construction activities have remained on budget and the first gold pour has remained on schedule despite the logistical challenges brought on by the global pandemic.”

“First gold doré production at Okvau is a significant achievement for Emerald, as whilst is continues commissioning activities ramping up to full production, it has successfully transitioned to the ranks of an international gold miner.”

Shares in Emerald were up 2.78 per cent and trading at 92.5 cents at 12:20 pm AEST.

Related News