Emergent Resources Limited (ASX:EMG) Quarterly Activities Report For June 2009

Perth, July 31, 2009 AEST (ABN Newswire) - Emergent Resources Limited (ASX:EMG) is pleased to provide to shareholders the June 2009 Quarterly Report which provides a summary of the progress made by your company during the quarter. Emergent's core project and main focus is the Beyondie Magnetite Iron Project, which is located in Western Australia in the northern part of the Mid-West Iron Ore precinct.

The exploration licenses cover multiple magnetite-bearing banded iron formations (BIF) over the current known 52 kilometres strike length. The BIF's are being targeted by Emergent for large volumes of iron in the form of magnetite.

The Company plans to develop the Beyondie Iron Project into a long life magnetite concentrate mining operation. The operation targets the production of a magnetite concentrate of +68%Fe with very low impurities of aluminium (Al), titanium (Ti) phosphorous (P), and sulphur (S).

The Goldfields Gas Pipeline traverses the leases for potential access to cost effective power, and the Great Northern Highway is located just west of the Project providing excellent transport infrastructure to the developing Mid West iron mining centre.

Emergent is of the view that there will be strong demand for magnetite in the future due to the diminishing grade of hematite mines in the Pilbara region of Western Australia and in Brazil, further exacerbated by the corresponding increase in impurities at these operations.

During the June Quarter the Company completed its 2nd phase drilling program at the Beyondie Project. The drill program comprised 25 Reverse Circulation (RC) holes totaling 3441 metres and was completed in early May. This drill program brings Emergent's total drilling at the project to 5651 metres across 46 holes.

As a result of the drill programs and other exploration work Emergent confirmed its maiden JORC Resource at the project, in July, of 127Mt @ 28.15% Fe (21%Fe cut off). The resource is in the Inferred category. It also confirmed a "Target Mineralisation" of 500Mt-600Mt @ 25-30% Fe at the project and the next phase of drilling (due to commence in late July) will focus on upgrading the JORC Resource plus the Target Mineralisation to 1 billion tonnes of continuing comparable grade Iron to that already reported.

During the Quarter the Company also continued with its exploration programs at its Glengarry Base Metals Project near Wiluna in WA's north eastern goldfields to assess and define future targets for drill programs.

Emergent's Philosophy in today's volatile market

Emergent is fast tracking the evaluation, drilling and development of the Beyondie Magnetite Project in keeping with developments in China and the current and predicted continuing infrastructure development activity in the Mid West Region of Western Australia.

Sourcing a Chinese partner at this time became a priority with EMG's belief that the end of the recent downturn in the commodity markets and the resultant increase in demand for commodities being likely to occur during the later this year which would conveniently coincide with EMG's design and start-up development planning phase for the Beyondie Magnetite Project.

Demand for quality magnetite resources of large long term scale will remain attractive to investors.

Corporate

A placement issue of 6,322,500 shares at 40 cents each and 3,161,250 options, expiring 30 September 2010 and exercisable by payment of 20 cents each, was announced to the ASX on 3rd July 2009 to raise up to A$2,529,000 before costs.

The first tranche of the placement, which was made with in the Company's 15% Placement capacity was completed on 14 July 2009, with the issue of 4,215,000 shares and 2,107,500 listed options, raising A$1,686,000.

The second tranche of the placement, comprising 1,900,000 shares and 950,000 listed options to raise a further A$760,000, is subject to Shareholder approval at a General Meeting to be held on 27 August 2009.

For the complete Emergent Resources Quarterly Activities Report for June 2009, please click the link below:

http://www.abnnewswire.net/media/en/docs/61162-ASX-EMG-454979.pdf

Contact

Garry Hemming Managing Director Emergent Resources Mob: +61-419-835-757 Email: ghem@westnet.com.au www.emergentresources.com.au