Empire Resources (ASX: ERL, Empire) is pleased to report that recent aircore (AC) drilling has intersected encouraging zones of Cu, Au and Ni mineralisation at its Yuinmery base metals project in Western Australia.

The drilling completed in late 2020 consisted of 76 scout AC holes testing previously undrilled targets prospective for volcanogenic massive sulphide (VMS) base metal and platinum group metal (PGM) mineralisation.

The AC drilling has been successful in intersecting anomalous Cu-Au mineralisation within the oxide zone at prospects YT01, YT02 and YT05 and Cu-Au-Ni anomalism at YT12. Empire subsequently completed a program of first pass reverse circulation (RC) drilling at YT01 and YT05 late January.

Step out RC drilling was also completed at YT01 and Smith Well to follow up previous mineralised intercepts. Results are pending for all RC drilling completed in January.

BACKGROUND

Empire Resources' Yuinmery Project is located 470km north-east of Perth in WA and comprises five contiguous granted mineral tenements covering approximately 83.7km2 within the Archaean Youanmi Greenstone Belt ('YGB').

The Yuinmery Project is bounded by the Youanmi shear zone to the west and the Yuinmery shear zone to the west. Known Cu-Au mineralisation at Yuinmery is of VMS style. Empire's Just Desserts deposit has a previously reported JORC Resource of 2.5Mt @ 1.31% Cu and 0.49g/t Au2.

Empire recently identified the potential for PGM mineralisation at Yuinmery where RC drilling in June 2020 discovered elevated platinum (Pt) and palladium (Pd) values associated with broad Cu-Ni mineralisation at YT01. YRC20-28 returned 12m @ 0.34g/t Pd, 0.11g/t Pt, 0.38% Cu, 0.11% Ni and 0.02% Co from 151m. Values of up to 0.53g/t Pd and 0.24g/t Pt were returned over 1m samples3.

The Constantine prospect, has historically returned significant widths of low-grade PGMs, with up to 80m @ 0.49g/t Pd+Pd and 0.22% Ni in YRC10-151. These results have lacked any systematic follow up since 2010.

Constantine is interpreted to be hosted by a large mafic-ultramafic intrusion, with PGM mineralisation associated with pyrite, pyrrhotite and magnetite. The PGM related magnetite alteration defines a significant magnetic anomaly that appears to be coincident with the host layered mafic intrusion. The Constantine mafic intrusion extends up to 13km in strike. Surface geochemistry has defined an elevated Pt+Pd and Ni anomaly over four kilometres.

Empire has now identified a sound pipeline of Cu, Au, Ni, and PGM targets within its southern Yuinmery tenement area. Multiple drill-ready targets from greenfields-style conceptual targets through to more advanced prospects will be tested during future field programs.

Contact:

Sean Richardson

Tel: +61 (0)8 6389 1032

Web: www.resourcesempire.com.au

About Empire

Empire Resources Limited (ASX:ERL) is a gold and copper focussed exploration and development company. Empire owns 100% of two highly prospective projects. The Yuinmery Copper-Gold Project 470km North East of Perth in the base metal rich Youanmi Greenstone Belt and the Penny's Gold Project 45km North East of Kalgoorlie in the prolific Eastern Goldfields Region of Western Australia. Empire's projects have numerous exploration targets with excellent potential. Empire has an experienced team of exploration, development and financial professionals who are committed to developing a sustainable and profitable mineral business. Empire seeks to extract value from direct exploration in its existing projects as well as identifying value accretive investment opportunities that complement the Company's development objectives.

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