Highlights

  • Okvau deep hole returns 20m at 14.97g/t gold from 523m including 5m at 45.93g/t, with approximately 4,500 assays still pending.
  • Memot RC infill programme finalises 250 collars with results including 6m at 6.31g/t and 5m at 3.52g/t gold for resource update.
  • Dingo Range delivers 2.1m at 101.02g/t from Boundary deposit alongside broader intervals of 39.7m at 2.13g/t gold.
  • Okvau Q3 production of 20,280oz sold at average US$4,255 per ounce, with FY27 guidance of 100,000-115,000oz maintained.

Exploration results emerging from Emerald Resources NL's (ASX:EMR) three main project areas in Cambodia and Western Australia point to depth potential at Okvau, imminent resource growth at Memot, and high-grade intercepts at Dingo Range's Boundary deposit. The September 2026 quarterly, released approximately 28 October, captures 14,389m of drilling at Okvau alone, with thousands of assays still pending across all projects.

Okvau: Chasing Depth

The headline result from Okvau comes from hole RCDD26OKV824W1: 20m at 14.97g/t gold from 523m depth, including 5m at 45.93g/t from 527m. Other intercepts include 3m at 8.49g/t from 389m and 1m at 19.35g/t from 735m. The quarter delivered 64 holes for 14,389.7m, and approximately 4,500 assays remain pending. Some intercepts lie outside the existing resource wireframe, others within modelled mineralisation. All measurements are downhole widths; true widths have not been established. A non-accredited mine-site laboratory was used for some assays.

The existing Okvau resource stands at 13.3Mt at 1.9g/t gold for 820,000 ounces (June 2026), with a reserve of 11.6Mt at 1.4g/t for 520,000 ounces. Deep drilling targets extensions below those boundaries. The depth of the headline intersection, at 523m, is well below the resource envelope, though continuity and thickness at that depth remain to be established from forthcoming assays.

Memot and Snuol: Resource Update Ahead

At Memot in Cambodia, the final assays from a 250-collar RC infill programme spanning 13,983m have been received. The programme covered mostly 12.5x25m spacing, supporting resource category upgrades. Results include 6m at 6.31g/t from 28m, 5m at 3.52g/t from 25m, and 1m at 11.75g/t from 27m. The existing Memot resource is 45.0Mt at 1.2g/t for 1.70 million ounces (January 2026). A resource update incorporating the full infill programme is forthcoming.

Nearby at Snuol, where Emerald can earn up to 70%, hole DD26SNU088 returned 1.6m at 25.03g/t gold from 158.8m and is being assessed as a potential supplementary feed source for the planned Memot plant.

Dingo Range, Western Australia

At the Boundary deposit within Dingo Range, the standout result is 2.1m at 101.02g/t gold from 405m, alongside broader mineralisation of 39.7m at 2.13g/t from 253.3m. A further 9.4m at 7.28g/t from 246m and 26m at 2.49g/t from 377m add to the picture. Total drilling at Dingo Range for the quarter reached 20,869.6m across 213 holes, with the existing resource at 40.9Mt at 1.1g/t for 1.41 million ounces (January 2026).

Production and Financials

Okvau produced 20,280 ounces in Q3 FY27, with 23,832 ounces sold at an average price of US$4,255 per ounce. Full-year FY27 guidance of 100,000-115,000 ounces at an all-in sustaining cost of US$980-US$1,080 per ounce is maintained. Cash, bullion and investments stood at A$540.9 million, providing substantial capacity to fund the growth plan targeting over 300,000 ounces per annum.