Exploring
Project Overview

Empire Resources Limited focuses principally on the exploration for and development of gold and copper deposits. Since listing in February 2007, the Company has made three significant discoveries in Western Australia and announced JORC compliant resources for two of them.

At the Penny’s Find project near Kalgoorlie, the Company discovered a near surface high grade gold deposit which has a JORC 2012 compliant resource estimated at 470,000 tonnes @ 4.42g/t Au (66,800 ounces). In 2010 the Company entered into an agreement with Brimstone Resources Ltd who subsequently earned a 40% interest in the project by funding exploration.

Empire is currently focused on the development of the Penny’s Find deposit and in February 2016 submitted a Mining Proposal to the WA Department of Mines and Petroleum to commence mining operations based on an open pit reserve of 146,000 tonnes @ 4.62g/t Au (21,700 ounces). Scoping studies have also commenced on gold mineralization located below the planned open pit where there is a resource of 170,000 tonnes @ 5.40g/t Au.

The Company’s other significant project is at Yuinmery where exploration has outlined a 2004 JORC compliant resource at the Just Desserts prospect of 1,070,000 tonnes @ 1.82% Cu and 0.78g/t Au using a 1% Cu cut-off.

Empire has maintained an emphasis on gold and copper exploration because of favourable commodity price outlooks and the relative ease of development of gold and copper deposits. However where an obvious opportunity for another commodity presents itself, the Company has moved quickly to acquire an interest. This philosophy resulted in the Company acquiring an interest in FYI Resources Ltd who are exploring for major potash deposits in Southeast Asia.

It is the Company’s policy to continue to identify new opportunities and acquire new projects as well as upgrading existing projects. While the emphasis of this work will be on copper and gold projects in Western Australia, opportunities for other commodities in other geographical areas will also be investigated.

 

 

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