Emerald Resources NL (ASX: EMR) ('Emerald') is pleased to provide the results for the half-year ended 31 December 2023.

HIGHLIGHTS Revenue increased to $176.7 million, up 32% from December 2022H Gold sales of 58,350oz at US$1,952/oz, up 13% from December 2022/ Gold production of 57,292oz at an AISC of US$810/oz/ EBITDA increased to $95.1 million, up 1,868% from December 2022 Profit after tax increased to $44.7 million (profit before tax $57.3 million), up 80% from December 2022 Okvau operating cash flows increased to $99.5 million, up 122% from December 2022 Exploration and mine development spend of $13.0 million, up 54% fromu December 2022 (North Laverton Gold Project, Memot Gold Project and Okvau underground) Cash and bullion of $137.7 million (up 53% from June 2023) Market guidance for FY2024 of 100,000 to 120,000oz at AISC of US$780 to $US850/oz

Emerald's Managing Director, Morgan Hart, said: 'Emerald's first half performance for FY24 has been exceptional across all parts of the Company's operations. 'We have continued to meet production and AISC guidance off the back of strong gold production. The upward trending gold price has strengthened our balance sheet and at 31 December 2023 Emerald's cash and bullion totalled A$137.7 million, a 53% increase on the 30 June 2023 position. 'These outstanding results have been bolstered with our exploration results in Cambodia at the Okvau Gold Project extending the life of mine and Memot maiden resource. We are also excited about the prospects for our North Laverton Gold Project in Western Australia with the current exploration program directed to releasing an Emerald maiden resource ahead of ultimately commencing mining. 'We are focussed on ensuring that the Company's growth trajectory is sustainable, with a pipeline of projects underpinning a long-term future as a mid-tiered gold producer and explorer with projects in two continents.'v

Forward Looking Statement

Certain statements contained in this document, including information as to the future financial or operating performance of the Company and its projects, are forward looking statements. Such forward looking statements involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company and which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. Forward looking statements are provided as a general guide only and should not be relied on as an indication or guarantee of future performance. Given these uncertainties, recipients are cautioned to not place undue reliance on any forward looking statement. Subject to any continuing obligations under applicable law, the Company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward looking statements in this document to reflect any change in expectations in relation to any forward looking statements or any change in events, conditions or circumstances on which any such statement is based

Contact:

Tel: +61 8 9286 6300

Fax: +61 8 6243 0032

Web: www.emeraldresources.com.au

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