Latest news with #EmmersonResources'
The Age
14-07-2025
- Business
- The Age
King River taps high-grade gold while eyeing NT copper-gold riches
King River Resources has uncovered more high-grade gold in the latest round of drilling at its Kurundi project in the Northern Territory, while also firming up two iron oxide copper-gold (IOCG) targets it plans to test this month at its nearby Kuiper prospect. The company today reported results from 13 reverse circulation holes at Kurundi, with one of the standout hits coming from a newly discovered structure 300 metres northeast of the Kurundi Main prospect. One hole pulled up 4m at 1.43 grams per tonne (g/t) gold, including 2m going 2.79g/t from a shallow 9m depth. King River says the mineralisation remains open both at depth and along strike and appears spatially associated with historic alluvial gold workings in the area. The newly discovered zone adds to a string of earlier high-grade hits at Kurundi Main, including 7m at 6.35g/t gold from 25m, with 1m at a blazing 35.26g/t gold, 6m at 4.77g/t from 29m with 3m at 9.28g/t, and 3m going 8.3g/t from 35m that included 1m at 15.5g/t. Five new holes were drilled under the central Kurundi Main structure, intersecting veining and structure consistent with previous results, though grades were variable. Notably, another hole returned improved values of 7m at 0.49g/t gold, including 2m at 1.12g/t, pointing to the potential for a down-plunge northerly extension that remains open at depth. Another four holes were completed to probe the southern extent of the main mineralised zone, though structural complexity, including an offsetting fault, may be obscuring the true extent of the mineralisation in that area. The company also has its eye on the Kuiper target, where soil sampling has produced encouraging pathfinder signatures over a pair of coincident gravity and magnetic anomalies. The targets lie within Warramunga Formation-equivalent rocks under about 10m of Cambrian cover, similar to the host rocks of nearby IOCG deposits such as Emmerson Resources' Hermitage and Edna Beryl projects. At Kuiper West, soil geochemistry showed anomalism in key IOCG trace elements such as gold, copper, silver, bismuth and arsenic. The bismuth anomaly aligns with the heart of the gravity anomaly, an encouraging indicator given bismuth's association with Tennant Creek-style IOCG systems. The company believes the data supports a compelling interpretation of ironstone-hosted mineralisation beneath the geophysical targets and says drilling at Kuiper is scheduled to kick off this month.
Sydney Morning Herald
14-07-2025
- Business
- Sydney Morning Herald
King River taps high-grade gold while eyeing NT copper-gold riches
King River Resources has uncovered more high-grade gold in the latest round of drilling at its Kurundi project in the Northern Territory, while also firming up two iron oxide copper-gold (IOCG) targets it plans to test this month at its nearby Kuiper prospect. The company today reported results from 13 reverse circulation holes at Kurundi, with one of the standout hits coming from a newly discovered structure 300 metres northeast of the Kurundi Main prospect. One hole pulled up 4m at 1.43 grams per tonne (g/t) gold, including 2m going 2.79g/t from a shallow 9m depth. King River says the mineralisation remains open both at depth and along strike and appears spatially associated with historic alluvial gold workings in the area. The newly discovered zone adds to a string of earlier high-grade hits at Kurundi Main, including 7m at 6.35g/t gold from 25m, with 1m at a blazing 35.26g/t gold, 6m at 4.77g/t from 29m with 3m at 9.28g/t, and 3m going 8.3g/t from 35m that included 1m at 15.5g/t. Five new holes were drilled under the central Kurundi Main structure, intersecting veining and structure consistent with previous results, though grades were variable. Notably, another hole returned improved values of 7m at 0.49g/t gold, including 2m at 1.12g/t, pointing to the potential for a down-plunge northerly extension that remains open at depth. Another four holes were completed to probe the southern extent of the main mineralised zone, though structural complexity, including an offsetting fault, may be obscuring the true extent of the mineralisation in that area. The company also has its eye on the Kuiper target, where soil sampling has produced encouraging pathfinder signatures over a pair of coincident gravity and magnetic anomalies. The targets lie within Warramunga Formation-equivalent rocks under about 10m of Cambrian cover, similar to the host rocks of nearby IOCG deposits such as Emmerson Resources' Hermitage and Edna Beryl projects. At Kuiper West, soil geochemistry showed anomalism in key IOCG trace elements such as gold, copper, silver, bismuth and arsenic. The bismuth anomaly aligns with the heart of the gravity anomaly, an encouraging indicator given bismuth's association with Tennant Creek-style IOCG systems. The company believes the data supports a compelling interpretation of ironstone-hosted mineralisation beneath the geophysical targets and says drilling at Kuiper is scheduled to kick off this month.
Yahoo
14-03-2025
- Business
- Yahoo
We're Interested To See How Emmerson Resources (ASX:ERM) Uses Its Cash Hoard To Grow
We can readily understand why investors are attracted to unprofitable companies. Indeed, Emmerson Resources (ASX:ERM) stock is up 136% in the last year, providing strong gains for shareholders. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt. In light of its strong share price run, we think now is a good time to investigate how risky Emmerson Resources' cash burn is. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. See our latest analysis for Emmerson Resources A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. When Emmerson Resources last reported its December 2024 balance sheet in March 2025, it had zero debt and cash worth AU$6.4m. In the last year, its cash burn was AU$2.0m. Therefore, from December 2024 it had 3.2 years of cash runway. There's no doubt that this is a reassuringly long runway. Depicted below, you can see how its cash holdings have changed over time. Whilst it's great to see that Emmerson Resources has already begun generating revenue from operations, last year it only produced AU$164k, so we don't think it is generating significant revenue, at this point. Therefore, for the purposes of this analysis we'll focus on how the cash burn is tracking. While it hardly paints a picture of imminent growth, the fact that it has reduced its cash burn by 36% over the last year suggests some degree of prudence. Admittedly, we're a bit cautious of Emmerson Resources due to its lack of significant operating revenues. We prefer most of the stocks on this list of stocks that analysts expect to grow. While Emmerson Resources is showing a solid reduction in its cash burn, it's still worth considering how easily it could raise more cash, even just to fuel faster growth. Companies can raise capital through either debt or equity. One of the main advantages held by publicly listed companies is that they can sell shares to investors to raise cash and fund growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations. Emmerson Resources has a market capitalisation of AU$79m and burnt through AU$2.0m last year, which is 2.6% of the company's market value. So it could almost certainly just borrow a little to fund another year's growth, or else easily raise the cash by issuing a few shares. As you can probably tell by now, we're not too worried about Emmerson Resources' cash burn. For example, we think its cash runway suggests that the company is on a good path. And even though its cash burn reduction wasn't quite as impressive, it was still a positive. After taking into account the various metrics mentioned in this report, we're pretty comfortable with how the company is spending its cash, as it seems on track to meet its needs over the medium term. Separately, we looked at different risks affecting the company and spotted 4 warning signs for Emmerson Resources (of which 2 are significant!) you should know about. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies with significant insider holdings, and this list of stocks growth stocks (according to analyst forecasts) Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
