Emergent Resources Limited (ASX:EMG)
Perth, May 1, 2009 AEST (ABN Newswire) - Emergent Resources Limited (ASX:EMG) continued to carry out a high level of exploration work. At Beyondie preparation for 2nd phase drilling was carried out. Beginning at the end of March the drilling is still in progress at the date of this report.
A comprehensive internal Business Plan has been prepared for Beyondie during the Quarter in conjunction with independent engineers MSP Engineering Pty Ltd to assist going forward with the development program and covering all aspects of mining, metallurgy, process and engineering aspects and transport options.
The work assisted in preparations for early stage meetings with potential partners in China during a trip in April 2009. The trip was planned in response to interest expressed by a number of Chinese groups to develop mutually acceptable parameters for future off-take arrangements and investment partnerships for the development of the Beyondie Project.
Emergent also progressed the computer assisted interpretation of the extensive airborne database collected late last year for the company's base metal projects.
The base metal work programme has two aims;
1. To define drill targets for future testwork,
2. An extension of the work is a study of the entire Capricorn Province which contains the projects with a view to locate high order targets for acquisition using the opportunity of the economic downturn to obtain new projects. Encouraging results are apparent from the work to date.
CORPORATE
An issue of 1 for 2 options to all shareholders was finalised during the Quarter raising A$210,750 before costs with 100% take up.
For the complete Emergent Resources Quarterly Report, please see the link below;
http://www.abnnewswire.net/media/en/docs/60575-ASX-EMG-445363.pdf
Contact
Garry Hemming
Managing Director
Emergent Resources
Tel: +61-419-835-757
Email: ghem@westnet.com.au
Web: www.emergentresources.com.au
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