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2026-11-06
◂ Monitor EMR ASX

EMERALD RESOURCES NL

Producer · Gold · Cambodia · Australia Rating locked: sign in to view v8 · emr-20261024t192412-full
Last 2026-11-06
A$6.62
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$4.4B
EV
A$3.9B
Cash
A$483M
Debt
A$0
3 newer ASX announcements not yet reflected in this valuation

Portfolio detail

Assets

6 assets

Core asset

Okvau Gold Mine

Cambodia

Producer100% ownedGold

Producing; underground plan not yet published at cutoff

Producer · Producer
Production annualised (attributable)
81.1k ozd
Production (last FY, 100%)
100.4k oz
AISC (latest quarter)
A$1,722/ozg
AISC margin at spot
—
Delivery vs guidance
—
Reserve life
5.2 yrsd
Head grade
1.6 g/t Au
Resources & reserves2
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceMeasured, Indicated and Inferred820K oz Au13.3Mt at 1.9g/t AuGold2026-06-30
Ore ReserveProven and Probable520K oz Au11.6Mt at 1.4g/t AuGold2026-06-30
Permits & approvals1
PermitJurisdictionStatusExpiryCritical path
Operating industrial mining licenceCambodiaGranted—Yes

Material

Dingo Range Gold Project

Australia

Resource Stage100% ownedGold

Fully permitted; maiden reserve and DFS pending; company says funded from cash and operations

Resource / scoping · Resource stage
Contained metal (attributable)
1.4m ozd
Resource grade
1.1 g/t Au
% Measured + Indicated
65.2%d
Resource tonnes
40.90 Mt
Our value per attrib. contained unit
Locked
Mining method
—
Resources & reserves1
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceMeasured, Indicated and Inferred1.4M oz Au40.9Mt at 1.1g/t AuGold2026-01-28
Milestones1
  1. Preferred contractor fleet mobilisation

    Pending · High materiality

Permits & approvals1
PermitJurisdictionStatusExpiryCritical path
Company disclosed development approvalsAustraliaGranted—Yes

Material

Memot Gold Project

Cambodia

Resource Stage100% ownedGold

Fully permitted under company disclosure; maiden reserve and feasibility economics pending

Resource / scoping · Resource stage
Contained metal (attributable)
1.7m ozd
Resource grade
1.2 g/t Au
% Measured + Indicated
70.7%d
Resource tonnes
45.00 Mt
Our value per attrib. contained unit
Locked
Mining method
—
Resources & reserves1
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceIndicated and Inferred1.7M oz Au45.0Mt at 1.2g/t AuGold2026-01-21
Permits & approvals1
PermitJurisdictionStatusExpiryCritical path
Company disclosed development approvalsCambodiaGranted—Yes

Other

Golden Horse Minerals equity holding

Australia

Resource Stage19.7% ownedGold

Listed minority equity interest; no gross investee resources or production consolidated into EMR physical totals

Equity investment · Held
Investee
—
Holding
19.7%
Shares held
50.12m
Market value
—
% of holder's market cap
—
Cost basis
—

Other

Manda Resources equity holding

Australia

Resource Stage19.8% ownedGold

Unlisted minority interest; acquisitions completed; IPO and future 19.9% cornerstone holding conditional

Equity investment · Held
Investee
—
Holding
19.8%
Shares held
—
Market value
—
% of holder's market cap
—
Cost basis
6.4e+06 currency

Other

Snuol exploration joint venture

Cambodia

Early Explorer51% ownedGold

51% earned; potential 70% after DFS with partner free carries and royalty; no declared resource

Exploration · Early explorer
Ownership
51%
Commodity
Aur
Country
KHr
Best recent intercept (grade x width)
—
Metres drilled (12M)
—
Exploration spend (12M)
—

d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)