onlyBuilding Value Through Exploration use Investor Presentation
ersonal14 June 2022
EMPIRE RESOURCES LIMITED ASX: ERL www.resourcesempire.com.au
Disclaimer
This presentation is for information purposes only.
onlyThis presentation has been prepared by Empire Resources Limited ("Empire" or the "Company") and contains general background information about Empire's activities as at the date of this presentation ("Information"). It is Information in a summary form only and does not contain all the Information necessary to fully evaluate any investment.
While the Information in this presentation has been prepared with due care, Empire:
- disclaims all responsibility for the contents of this presentation to the fullest extent permitted by law, and
- is not to be held liable for any statement in, or omission from, this presentation.
Each recipient of this presentation must check the accuracy or otherwise of the materials contained in this presentation. | |
useForward looking statements in this presentation may involve known and unknown risks, uncertainty, or may be subject to | |
factors outside the control of Empire that may cause the actual results, performance or achievements of Empire to differ | |
ersonal | |
materially from those expressed or implied by those statements. Further information on Empire can be obtained from | |
www.resourcesempire.com.au. | |
This presentation is not a prospectus or a product disclosure statement under the Corporations Act 2001 (Cth) and has | |
not been lodged with the Australian Securities and Investment Commission ("ASIC"). This presentation is neither an offer | |
nor an invitation to subscribe for securities in Empire or representation that any securities issue will take place. Any such | |
offer or invitation will only be made (if at all) by a disclosure document under the Corporations Act or by another document | |
to exempt investors not requiring disclosure under the Corporations Act. | |
EMPIRE RESOURCES LIMITED ASX: ERL www.resourcesempire.com.au | 2 |
Highlights | ||
only | Significant advances in recent exploration activity | |
Diamond drilling completed at Yuinmery Project - assay results pending | ||
Target generation at Nanadie Project | ||
Field work commencing at Barloweerie Project | ||
use | Expanding project portfolio | |
Granted tenement holding grows to 452km2 | ||
Additional 433km2 of tenement applications | ||
ersonal | Two new projects - Nanadie (Cu-Au) and Meekatharra (Au) | |
Balance sheet continues to strengthen | ||
$1.86M cash (unaudited) as at 10 June 2022 | ||
Strong shareholder support | ||
Zero debt | ||
EMPIRE RESOURCES LIMITED ASX: ERL www.resourcesempire.com.au | 3 | |
Investor Dashboard
only | Capital Structure (at COB 10 June 2022) | ||
Share Price | $ | 0.009 | |
FPO Shares Outstanding | m | 1,038.57 | |
Unlisted Options | m | 64.91 | |
Cash (Unaudited) | $m | 1.86 | |
use | Debt & Other Liabilities | $m | 0.00 |
Market Capitalisation | $m | 9.35 | |
Shareholder Distribution | |||
ersonal | 37% | ERL Board | |
63% | Other | ||
EMPIRE RESOURCES LIMITED ASX: ERL www.resourcesempire.com.au |
Board & Management
Michael Ruane | Non-Executive Chairman |
Sean Richardson | Managing Director |
Jeremy Atkinson | Non-Executive Director |
ASX:ERL Share Price Performance
2.0 | |||||||
Close (cps) | 1.5 | ||||||
1.0 | |||||||
0.5 | |||||||
Jun-21 | Aug-21 | Oct-21 | Dec-21 | Feb-22 | Apr-22 | Jun-22 | |
(m) | 50 | ||||||
25 | |||||||
Vol | |||||||
0 | |||||||
4
Investments - Penny's Find Gold Mine Royalty
only | 5% Net Smelter Royalty for first 50,000oz, 2.5% thereafter [1] | |
Plus $400,000 in remaining staged milestone payments | ||
Plus $100,000 in remaining royalty pre-payments due Q2 2022 | ||
use | High grade gold mine 45km northeast of Kalgoorlie | |
Open pit production - 138,272t @ 4.47g/t Au for 18,356oz Au [2] | ||
Underground Resource - 250,000t @ 5.22g/t Au for 42,000oz Au [3] | ||
Horizon Minerals Limited (ASX:HRZ) rapidly advancing the | ||
ersonal | Penny's Find Gold Mine towards production [3] | |
Resource update completed July 2021 | ||
Further infill and extensional drilling planned | ||
Fully permitted with toll milling agreement executed for H2 2022 | ||
EMPIRE RESOURCES LIMITED ASX: ERL www.resourcesempire.com.au | 5 | |
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Empire Resources Limited published this content on 13 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 June 2022 22:32:03 UTC.