The Board of Emerald Resources NL (ASX: EMR or Company) is pleased to announce the results of another impressive Quarter of production in which 29,184 ounces of gold were produced at the Company's 100% owned Okvau Gold Mine in Cambodia (Okvau).

This follows on from the successful September 2023 Quarter which sees Emerald remaining on track to meet FY2024 production guidance.

Highlights

Okvau's production for the December 2023 Quarter of 29,184 ounces with goldO poured of 30,425 ounces December 2023 Quarterly production result is at the upper end of guidance of 25koz - 30koz per quarter Emerald has now poured over 9,000kgs of gold dore from its Okvau Gold Mine Gold sales for the December 2023 Quarter of 30,447 ounces at an average of US$1,983/oz Cash and bullion holdings increased to A$137.8 million (US$94.2 million) at the/ end of the December Quarter (Sept 2023: A$109.0 million) Indicative AISC for the December 2023 Quarter remains in line with previouslyI disclosed guidance A comprehensive update of operations and exploration activities will be provided in the December 2023 Quarterly Report to be released later this month

Contact:

Tel: +61 8 9286 6300

About Emerald Resources NL

Overview

Emerald is a developer and explorer of gold projects. Emerald's Okvau Gold Mine, Cambodia was commissioned in June 2021 and in full production by September 2021. Emerald has now poured over 9,000kgs of gold dore from its operations. Emerald also holds a number of other projects in Cambodia which are made up of a combination of granted mining licences (100% owned by Emerald) and interests in joint venture agreements. Together, Emerald's interests in its Cambodian Projects covers a combined area of 1,639km-2. Emerald has a controlling interest in Bullseye Mining Limited (77%), an unlisted Australian public company with two Western Australian gold projects totalling in excess of 1,200km-2 of highly prospective gold tenure including the North Laverton Gold Project which covers in excess of 800km-2 of the entire Dingo Range greenstone belt. Emerald has a highly experienced management team, undoubtedly one of the best credentialed gold development teams in Australia with a proven history of developing projects successfully, quickly and cost effectively. They are a team of highly competent mining engineers and geologists who have overseen the successful development of gold projects in developing countries such as the Bonikro Gold Project in Cote d'Ivoire for Equigold NL and more recently, Regis Resources Ltd.

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

(C) 2024 Electronic News Publishing, source ENP Newswire