Business
Acquisition of Highly Prospective Cu-Au Projects
Acquisition of Highly Prospective Cu-Au Projects.
About this update from Empire Metals Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 3947H\n Empire Metals Limited\n 06 April 2022\n \n \n \n To view the announcement with the illustrative images please use the following link:http://www.rns-pdf.londonstockexchange.com/rns/3947H_1-2022-4-5.pdf\n \n \n Empire Metals Limited / \n LON\n : EEE / Sector: Natural Resources\n \n \n 6 April 2022\n \n \n Empire Metals Limited \n \n \n \n \n \n Empire Increases Exploration Landholding from 9.5 km2 to 1,728 km2 with the Acquisition of Three Highly Prospective Copper-Gold Projects in Australia\n \n \n \n \n \n Empire Metals Limited (LON: EEE), announces that it has acquired a 70% interest in three highly prospective Australian-based copper-gold projects (the 'Projects') from Century Minerals Pty Ltd ('Century'). Two of the projects, the Pitfield Copper-Gold Project ('Pitfield') and the Walton Copper-Gold Project ('Walton') are in Western Australia whilst the Stavely Copper-Gold Project ('Stavely') lies within the Stavely Arc region of Victoria.\n \n \n This acquisition increases the size of Empire's exploration camp from 9.5 km2 to 1,728 km2, an area considerably larger than that covered by Greater London, and importantly the projects all lie within mining regions well known for world-class and \n significant \n copper and/or gold discoveries. \n \n \n \n \n \n Highlights\n \n \n · \n The acquisition of the three highly prospective copper-gold projects has the potential to transform Empire into a significant explorer and developer in Australia and will complement the existing Eclipse and Gindalbie projects\n \n \n · \n Increases Exploration Licence Area from 9.5 km2 to 1,728 km2 \n \n \n · \n The acquisition forms an integral part of Empire's exploration strategy to advance assets up the value chain and significantly increase shareholder value\n \n \n · \n All projects are in geological regions well known for \n world-class and \n significant copper and/or gold discoveries:\n \n \n o \n \n Pitfield Project\n \n - based in the Western Yilgarn province, within the Neoproterozoic Yandanooka basin. The Neoproterozoic is a globally important copper mineralisation era, which includes the copper belt of southern Africa (DRC, Zambia and Namibia), and the highly mineralised Paterson province in the north of Western Australia, host to major Cu-Au deposits such as ...