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Emerita Awards Pre-Feasibility Study Contract for the Iberian Belt West Project to SLR Consulting
TORONTO, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX – V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) is pleased to...
About this update from Emerita Resources Corp.
[{"type":"image","alt":"Emerita Resources Corp.","displaySize":"","headline":null,"caption":"Emerita Resources Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":182,"url":"https://media.zenfs.com/en/globenewswire.com/2156762c56fa5f6c06282240664bdf39"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/erfgjsTGeYOxCNBr1ic1EQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTI1NTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/2156762c56fa5f6c06282240664bdf39","width":300,"height":182}},"lazy":false},{"type":"text","content":"TORONTO, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX – V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) is pleased to announce it has awarded the contract for completion of the Iberian Belt West (IBW) Pre-Feasibility Study (PFS) to SLR Consulting Limited (formerly Wardell Armstrong) (“SLR”). The PFS will be designed to meet NI 43-101 requirements. Wardell Armstrong, which was acquired by SLR in October 2024, has been the Qualified Person (QP) responsible for the Mineral Resource Estimates to date at IBW and have been extensively involved in IBW metallurgical testing. SLR was awarded this engagement after a diligent tendering process. The initial group of twenty-three companies were narrowed down to a short list of five, from which detailed proposals were considered. The SLR proposal provided the best fit in terms of timing, expertise familiarity with the IBW project and other projects in the region and overall value. The PFS is expected to be completed in approximately six months.","length":1027,"tagName":"p"},{"type":"text","content":"David Gower, P.Geo., CEO of Emerita, comments, “Our team is excited to launch this phase of the IBW project development. We have continued to grow the mineral resources at IBW’s El Cura deposit throughout this year and have completed the requisite infill drilling to convert Inferred Resources to Indicated and Measured categories that permit them to contribute to a PFS level study.”","length":384,"tagName":"p"},{"type":"text","content":"The PFS will represent the first independent 3rd party evaluation of the IBW project, and will include:","length":103,"tagName":"p"},{"type":"text","content":"• Mine to mill design • Process plant and process flowsheet design • Surface infrastructure design • Capital and Operating cost consideration • Finan...