Emerald Resources NL provide results from the most recent drill programme to delineate the oxide mineralised domain at the Okvau Gold Deposit. Emerald has embarked on a third phase of drilling to define the mineralised domain. The programme designed to delineate the mineralisation in the oxide portion of the Okvau Gold Project. This programme consists of a total of 1,200 shallow holes (10m), infilling previous drilling to a 5m by 5m spacing. Currently 705 (5,542m) of the 835 (6,880m) drill collars have assay results returned. The results from the previously announced Phase 1 and Phase 2 simulated grade control drill programmes will be incorporated with this current drill programme to produce the final production ore blocks. The results to date have indicated additional mineralisation outside the current reserve blocks in the near surface oxide material. This has likely been caused by a combination of natural processes such as supergene enrichment and the flattening o mineralised structures during the oxidation processes and the relocation of surface material by historical, artisanal mining activities. Emerald's main focus is the exploration and development of its Cambodian Gold Projects which comprise of a combination of 100% owned granted licences, applications and earn-in & joint venture agreements covering a combined area of 1,442 km². The 100% owned Okvau Gold Project (`Okvau Gold Project') is the Company's most advanced project which is located approximately 275 kilometres north-east of Cambodia's capital city of Phnom Penh in the province of Mondulkiri. The town of Kratie is located on the Mekong River approximately 90 kilometres to the west and the capital of Mondulkiri, Saen Monourom is located approximately 60 kilometres to the south-east. In May 2017, Emerald completed a Definitive Feasibility Study (`DFS') on the development of the Okvau Gold Project which demonstrated a robust project producing approximately 106,000 ounces of gold per annum on average over 7 years from a single open pit. In July 2018 the Company was granted the Industrial Mining Licence covering 11.5 km² which allows for the development of the Okvau Gold Project. The Mining Licence has an initial 15-year period with the right to two renewals of up to 10-years for each renewal in accordance with Cambodian laws. The grant of the Mining Licence followed approval of the Okvau Gold Project by the Office of Council Ministers for both the rezoning of the project area to `Sustainable Use' within the Phnom Prich Wildlife Sanctuary (`PPWS') and the granting of the Mining Licence. The rezoning of the Mining Licence area to `Sustainable Use' lawfully permits commercial development under Cambodian law and follows the successful negotiation and approval by the Minister of Environment (`MoE') of the environmental contract (the `Environmental Contract') and environmental licence (`Environmental Licence') in December 2017. The company has successfully completed the resettlement of 62 local families and site works to remove abandoned structures away from the Okvau Mining Licence area. Emerald has completed the installation of a security fence around the Project Development Area ("PDA") to ensure the safety of personnel, visitors and wildlife. Construction of a 35 tonne bridge across the Prek Te River has now been completed with substantial completion of upgrades to the existing 50km of dirt roads and current finalisation of the construction of 14km of new road to site which will allow for all year continuous access to the Okvau site. Topography of the tenure area is relatively flat with low relief of 80 metres to 200 metres above sea level. The Okvau Deposit and other gold occurrences within the tenure are directly associated with diorite and granodiorite intrusions and are best classed as Intrusive Related Gold mineralisation. Exploration to date has demonstrated the potential for large scale gold deposits with the geology and geochemistry analogous to other world class Intrusive Related Gold districts, in particular the Tintina Gold Belt in Alaska (Donlin Creek 38Moz, Pogo 6Moz, Fort Knox 10Moz, Livengood 20Moz). In December 2019 the Mineral Investment Agreement (`MIA') was signed which provides certainty and stability of the fiscal regime for the development and operations of the Okvau Gold Project. Following confirmation of the key fiscal incentives of the MIA, the key assumptions and inputs of the DFS were reviewed resulting in a significant improvement in the NPV and IRR of the Project.