Australia's Emerald Resources gains on upbeat mineral exploration

Emerald Resources NL

29/01/2025 03:50

** Shares of Emerald Resources  EMR.AX  rise 4.6% to A$3.88,
their highest level since Dec. 12, 2024
    ** Stock gained as much as 4.9% earlier in the day, marking
its biggest intraday rise since Jan. 16
    ** Gold explorer reports Stage 2 drilling at Memot Gold
Project in Cambodia boosted its gold mineral estimates
    ** Says its Okvau Gold Mine in Cambodia continues to yield
gold mineralisation, with ongoing drilling producing positive
results
    ** Adds, its Dingo Range Gold Project in Western Australia
has a new estimated gold mineral resource totalling 1.01 million
ounces
    ** Stock is the seventh biggest percentage gainer in the
benchmark ASX 200 index  .AXJO 
    ** Stock last year gained ~8%, largely in line with AXJO's
7.5% rise

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))