Emmerson Resources : Mining News Select Conference Presentation

Mining News Select - Perth Conference Presentation

Mike Dunbar - Managing Director

Important Notice & Disclaimer

Forward-Looking Statements

This document may include forward-looking statements, opinions and projections, all preliminary in nature, prepared by the Company on the basis of information developed by itself in relation to its projects. Forward-lookingstatements include, but are not limited to, statements concerning Emmerson Resources Limited's anticipated future events, including future resources and exploration results, and other statements that are not historical facts. When used in this document, the words such as "could", "estimate", "plan," "expect," "intend," "may", "potential," "should," "believe", "anticipates", "predict", "goals", "targets", "aims", "outlook", "guidance", "forecasts", "may", "will", "would" or "should" or, in each case, their negative or other variations or similar expressions are forward-lookingstatements. By their nature, such statements involve risks, assumptions, uncertainties, 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-lookingstatements speak only as at the date of this document and the Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change. Forward-looking statements are provided as a general guide only and should not be relied on as an indication or guarantee of future performance. No representation is made that any of these statements or projections will come to pass or that any forecast result will be achieved, nor as to their accuracy, completeness or correctness. Similarly, no representation is given that the assumptions upon which forward looking statements may be based are reasonable. Given these uncertainties, investors should not place undue reliance on forward-looking statements. The Company cautions investors against using this announcement solely as a basis for investment decisions without regard for this disclaimer.

Regulatory Information

The Company does not suggest that economic mineralisation is contained in the untested areas, the information contained relating to historical drilling records have been compiled, reviewed and verified as best as the Company was able. As outlined in this presentation the Company is planning further drilling programs to understand the geology, structure and potential of the untested areas. The Company cautions investors against using this announcement solely as a basis for investment decisions without regard for this disclaimer.

Competent Person Statement

The information in this presentation that relates to Exploration Results is based on information compiled by Mr Mike Dunbar. Mike Dunbar is a Member of the Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which she is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Mike Dunbar is a full-time employee of the Company and consents to the inclusion in this report of the matters based on her information in the form and context in which it appears.

Information in this report that relates to Exploration Results has been extracted from the following Company ASX announcements:

• ASX: 8 December 2021 - Stunning 117m at 3.38% copper drill hit at the Hermitage Project in Tennant Creek ends in mineralisation
• ASX: 28 March 2022 - Follow up drilling of 116m at 3.4% copper and 0.88g/t gold at Tennant Creek set to commence
• ASX: 17 August 2022 - Further high-gradecopper-gold and cobalt-bismuth intersected at Hermitage
• ASX: 17 November 2022 - High Grade Gold and Bismuth at Golden Forty Project in Tennant Creek
• ASX: 12 December 2022 - Bonanza Gold from an emerging new ore zone at Tennant Creek
• ASX: 21 March 2023 - Further High-Grade Precious and Base metal mineralisation at Tennant Creek

The Company confirms that it is not aware of any new information or data that materially affects the information that relates to Exploration Results included in previous market announcements. The Company confirms that the form and context in which the Competent Person's findings area presented have not been materially modified from the original market announcements.

Information in this report that relates to the Mineral Resources or Ore Reserves has been extracted from the following Company ASX announcements:

• ASX: 6 April 2022 - High Grade Gold Resource for Mauretania at Tennant Creek
• ASX: 22 December 2021 - Chariot high grade gold resource increased by 40%
• ASX: 19 March 2024 - Initial Ore Reserve for Chariot, Mauretania and Black Snake JV Deposits
• ASX: 6 May 2024 - Maiden High-Grade Golden Forty Mineral Resource Estimate
• ASX: 12 June 2024 - Maiden High-grade Eldorado Mineral Resource Estimate

The Company confirms that it is not aware of any new information or data that materially affects the information included in previous market announcements and, in the case of estimates of Mineral Resources that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings area presented have not been materially modified from the original market announcements.

The above announcements are available to view on the Company's website at www.emmersonresources.com.au Authorised for release by the Managing Director and Chief Executive Officer, Mike Dunbar.

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What Makes Emmerson Different?

A focused Australian-based Copper and Gold explorer

Commanding land position in one of Australia's highest-grade Goldfields with compelling copper opportunities

JV Partner - Tennant Mining has COMMENCED CONSTRUCTION of a central CIL processing facility

Strategic Alliance sees the Company FUNDED to cashflow from 6% Gross Production Royalty

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Highlights

High-Grade

Mineral Resource

• 2.27Mt @ 5.2g/t gold for 376,600oz

Initial Ore Reserve

• 540,000t @ 4.7g/t gold for 79,140oz

The right address	$	Funded Exploration
Tennant Creek, NT - one of	Exploration and mining JVs in place
Australia's richest mineral fields		for majority of Tennant Creek
Macquarie Arc, NSW - hosts
	Emmerson retains 100% of the area
large deposits and attracting
	containing Hermitage, Jasper Hills
exploration investment by majors
	and Edna Beryl

Experienced

Board and

Management

Team

Growth pathway

~$7M of exploration funding available for projects

Potential to introduce a farm-in partner into the NSW assets

An emerging gold royalty business

Centralised mill in Tennant Creek Under Construction

Emmerson to receive a free carried 6% gold royalty from each JV mine

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Emmerson is Focused on Two Main Regions

Tennant Creek

(Au + Cu)

NSW Projects

(Au + Cu)

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Emmerson holds ~500km² in Macquarie Arc in NSW

Tomingley

1.1Moz Au



Dubbo

EL8463

Wellington

NSW Projects

EL8766

Kadungle / Fifield

Cowal

9.6Moz Au









	Northparkes				Copper Hill
	2.8Moz Au &				0.9Moz Au &
	2.7Mt Cu				0.3Mt Cu
Parkes
		Orange
	Cadia			
36Moz Au & 8.1Mt Cu

Marsden

1.1Moz Au & 0.40Mt Cu

Cowra

McPhillamys

2.02Moz Au

EL8590

Kiola

(Au + Cu)

EMMERSON RESOURCES LTD

NEWMONT LIMITED

EVOLUTION MINING (COWAL) PTY LTD

NEWMONT EXPLORATION PTY LTD

EVOLUTION MINING (NORTHPARKES) PTY LTD
FMG RESOURCES PTY LTD
SANDFIRE RESOURCES LIMITED
ALKANE RESOURCES LTD
GOLD AND COPPER RESOURCES PTY LTD
MAGMATIC RESOURCES
REGIS RESOURCES LIMITED
IMPACT MINERALS
RIMFIRE PACIFIC MINING LIMITED
GODOLPHIN TENEMENTS PTY LTD
CLIMAX AUSTRALIA PTY LIMITED
KINCORA COPPER AUSTRALIA PTY LTD; RAREX LIMITED	6 |

Emmerson holds the best ground in Tennant Creek, NT

Rio Tinto, BHP, Newmont, South32 have all joined this exploration hotspot - Emmerson has been here since 2007and holds ~1,800km2

Under Cover Exploration =

Expensive and High-Risk Exploration

Map of exploration licences and application in the Barkly Tableland, showing the distribution of tenure.	7 |
Most licenses in the Georgina Basin were applied for since 2019.

The Challenge and Opportunity of Tennant Creek

		CROSS	LONG
DEPOSIT	PLAN	SECTION	SECTION
Warrego
	200m	200m	200m

Nobles Nob

Gecko

White Devil

Juno

Historical Production

Quoted production from major historical deposits after Ahmad, M. and Munson, T.J. (2013). Geology and mineral resources of the Northern Territory, Special Publication 5

6.9Mt @ 8.7g/t Au + 2.0% Cu 1.46Moz Au and 172.5kt Cu

2.14Mt @ 16.1g/t Au - 1.14Moz Au

3.0Mt @ 1.2g/t Au + 4.0% Cu 257koz Au and 320kt Cu

1.7Mt @ 14.6g/t Au - 761koz Au

0.46Mt @ 57.0g/t Au - 864Koz Au

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Emmerson holds 1,800km² in the Tennant Creek

Emmerson's Joint Venture with

Tennant Mining includes:

• Exploration JV - Tennant Mining funds $10.5 million of exploration (~$3.8m remaining)

• Mining / Processing JV - Emmerson receives a 6% gross production royalty (with no exposure to costs)

• Agreed Minimum Production Hurdles

Our JV partner Tennant Mining have:

• Permitted and financed the project and

• COMMENCED CONSTRUCTION of an 840Ktpa CIL Processing Facility

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Strategic Alliance with Tennant Mining Funds Emmerson to Production

• Low risk development path where Emmerson has no exposure to costs
• JV Partner's Central Processing Facility is UNDER CONSTRUCTION
• Emmerson is free carried into production and receives a 6% gross production royalty on gold produced from the JV deposits
• First Ore Reserve for +20 years released in March 2024
• Initial Probable Ore Reserve completed as part of Tennant's development activities of 540,000t @ 4.7g/t for 79,140oz
• Based ONLY on Initial Probable Ore Reserve Emmerson's production royalty is worth ~$16.5M at current gold price
• Mine Plans include additional ~23,000oz in Inferred Mineral Resources (not factored into Royalty value) and deposits remain open at depth
• Minimum Production Hurdles which will see ERM guaranteed at least 6% of 60,000oz, valued at ~$12.5M at the current gold price (due before May 2026)

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