Highlights

  • Eminence secured exclusive options over five gold projects in Côte d'Ivoire covering about 1,508km².
  • The Mata da Corda project in Brazil was sold for US$2.0 million cash.
  • A placement raising A$2.53 million at A$0.045 per share was announced.
  • Three Tayra rare earth licences in Bahia, Brazil were granted after the quarter.

Eminence Minerals Limited (ASX:EMA) has released its quarterly activities report for the period ended 30 September 2026. The company sold a non-core asset, raised capital and, after the quarter, entered gold exploration in Côte d'Ivoire.

Côte d'Ivoire Gold Entry

After the quarter, Eminence announced exclusive option agreements over five gold projects in Côte d'Ivoire covering about 1,508km², including about 871km² of granted permits. The projects are Tarato, Kounouman, Banandje, Sarhala and Tonkpi, several located near established mines and deposits.

On 23 October 2026, Eminence exercised initial options for a 30% interest in each project for US$45,000 cash and US$45,000 in shares. It can earn up to 85% through staged payments totalling about US$490,000. The company noted that nearby mineralisation is not evidence of mineralisation on its projects.

Brazil Rare Earths and Hamersley

At the Campo Grande project in Bahia, a first-phase auger program was completed, with samples sent for analysis. A bauxite-gallium target was added, and up to 70 auger holes are planned. At Tayra, three licence applications covering about 3,697 hectares were granted after the quarter, and 97 reconnaissance samples were submitted.

At the Hamersley Iron Ore Project in Western Australia, a judicial review of a heritage decision has been heard, with the decision reserved. The project has an Inferred Resource of 108.5Mt at 58% Fe.

Corporate and Financial Position

Eminence completed the sale of its Mata da Corda project for US$2.0 million (about A$2.86 million) cash. It also announced a A$2.53 million placement at A$0.045 per share, with some tranches subject to approval at a general meeting on 23 November 2026. Jay Stephenson was appointed CFO and Company Secretary.

Cash rose to A$2.87 million at 30 September 2026. The Appendix 5B estimates about 2.31 quarters of funding.

Key Takeaways

  • Eminence has added a five-project gold portfolio in Côte d'Ivoire.
  • The Mata da Corda sale and placement strengthen the balance sheet.
  • Rare earth exploration in Brazil continues, with results pending.
  • The Hamersley heritage decision review awaits a court ruling.