Perth, Feb 27, 2008 AEST (ABN Newswire) - Emu Nickel (ASX:EMU)is pleased to announce that the Company was admitted to the Official List of ASX on 25 February 2008. Quotation of the Company's securities will commence at 1pm EDST (11am WDST) on Wednesday 27 February 2008.
The listing has triggered a joint venture with Image Resources NL whereby Emu may earn an 80% interest in Image's interest in a 2,500sq km package of tenements in Western Australia. In the event that Emu earns an 80% interest in the tenements, it may elect to earn the remaining 20% of Image’s interest, with Image retaining a 1% gross royalty interest.
As reported in Image’s December 2007 quarterly report, diamond drilling has commenced at the Emu Lake nickel project with early encouraging results. In addition, a recent airborne electromagnetic survey at Kambalda West identified several conductor anomalies which may be associated with ultramafic rocks with potential to host nickel sulphides. Further results from these projects are anticipated in the near future.
For more information on the company visit:
http//www.emunickel.com.au
The information in this report that relates to exploration results is based on information compiled or reviewed by Roger Thomson BSc, ARSM, MAusIMM, who is a Member of the Australian Institute of Geoscientists. Roger Thomson is a consultant to Emu Nickel NL. Roger Thomson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the 'Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Roger Thomson consents to the inclusion of this information in the form and context in which it appears in this report.
Contact
Roger Thomson
Technical Director
Phone (08) 9226 4266
Mobile 0419 969 183
Email roger@emunickel.com.au
George Sakalidis
Managing Director
Phone (08) 9226 4266
Mobile 0411 640 337
Email george@emunickel.com.au
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