Emmerson Resources Ltd Forges Strong Relationships To Boost Economy In Barkly Area In Northern Territory

Emmerson Resources Ltd (ASX: ERM) Managing Director Rob Bills recently met with Northern Territory Minister of Mines and Industry Nicole Manison to discuss the $ 26 million Resourcing the Territory initiative. dollars, supporting mining exploration and development in the Barkly region.

As part of the multi-million dollar initiative, the NT government is supporting mineral and petroleum exploration and development throughout the region and Emmerson is forging strong partnerships for the benefit of the region as well.

The initiative, which provides high-quality geoscience data to attract businesses to the region and offers grants to support innovative exploration activities, is seeing promising results in the Barkly area.

Emmerson has used his partnerships to attract co-funding and support that set the stage for recent discoveries in Mauretania, Goanna and Edna Beryl and is well positioned with 1,700 square kilometers of highly promising claims in the Tennant Creek mineral field.

Many other companies are also exploring for gold and copper in the Tennant Creek and Barkly area, including Newcrest Mining, Rio Tinto, Castile Resources, Encounter Resources, Inca Minerals, Greenvale Mining, King River Resources and many more.

Resources are a key part of the economy

At the Boosting Jobs: Promising Prospects in the Barkly event, Mines and Industry Minister Nicole Manison said: “We know that our resource sector is playing a huge role in our economic return. why we announced record $ 9.5 million in mineral exploration funding – to boost mining and create more jobs across the territory, with continued funding.

“We are determined to continue the work of growing our economy to $ 40 billion by 2030, with 20 mining projects currently working towards a Final Investment Decision (FID) in the territory with a combined value of 6.2. billion dollars and a potential to create 5,700 construction jobs and 3,400 jobs in progress.

“Our message is clear, if you are looking for the next resource or mining investment, come to the land.”

“New exciting hotspot”

Speaking on the importance of the region, Emmerson MD Rob Bills said: “Tennant Creek is one of Australia’s highest grade gold districts and with the recent influx of exploration companies based on new geological data from the Northern Territory Geological Survey, a new and exciting exploration hotspot!

“Our discovery in Mauretania is a prime example, where recent drilling intersected gold beneath known high-grade gold mineralization that will likely become the first new open pit deposit in the region.

“Emmerson has partnered with Tennant Consolidated Mining Group where they are establishing a central mill, the key to monetizing and unlocking those stranded gold and copper deposits in the Tennant Creek district.

“In addition, Emmerson has partnered with the Traditional Owners to create a historic joint venture in the Jasper Hills area, in which the Traditional Owners have a direct stake, as well as employment and training opportunities.

“We view this agreement as an important milestone that builds on a strong partnership with T / O and hopefully is the first of many such agreements that will share the benefits of an exciting future of exploration,” mining and processing operations in the Tennant Creek District. “