Emerald Reports 19.1Koz Gold Output, 35% Resource Growth at Dingo Range

Stable Production at Okvau Gold Mine

Emerald Resources NL has delivered a solid operational performance in the June 2025 quarter, producing 19,115 ounces of gold at its 100% owned Okvau Gold Mine in Cambodia. This output matches the previous quarter’s production, maintaining a consistent run-rate despite some operational challenges related to earthworks and ore access during cut-back activities.

The mine’s all-in sustaining cost (AISC) remained steady at US$1,318 per ounce, slightly above the life-of-mine average but expected to improve as ore access normalises through the remainder of the year. The company projects quarterly production to rise to between 25,000 and 30,000 ounces in the September and December quarters, with full-year guidance set at 105,000 to 120,000 ounces for FY2026, pending updates from the planned underground expansion.

Significant Resource Growth in Australia and Cambodia

Emerald’s growth story is underpinned by substantial resource upgrades at two key projects. The Dingo Range Gold Project in Western Australia saw its measured, indicated, and inferred mineral resource estimate increase by 35% to 39.9 million tonnes at 1.1 grams per tonne gold, equating to 1.36 million ounces. This includes a high-grade component of 1.07 million ounces at 1.4 grams per tonne. The project remains open along strike and at depth, with ongoing drilling and feasibility studies advancing towards development.

Similarly, the Memot Gold Project in Cambodia reported a 30% increase in its resource estimate to 31.4 million tonnes at 1.3 grams per tonne gold, totaling 1.34 million ounces. High-grade zones within Memot now account for over 1 million ounces at 1.9 grams per tonne. Drilling continues to extend mineralisation beyond current boundaries, supporting the company’s view that Memot could become its second standalone mining operation in Cambodia.

Financial Strength and Debt-Free Status

Emerald has strengthened its financial position by fully repaying its US$60 million debt facility with Sprott Private Resource Lending II. This milestone leaves the company debt-free and unhedged, with a robust cash, bullion, and listed investments position of approximately A$238 million as of June 30, 2025. The strong cash flow generated by Okvau’s operations underpins Emerald’s ability to fund ongoing exploration, development, and feasibility activities without reliance on external debt.

Sustainability and Community Engagement

Emerald continues to prioritise environmental, social, and governance (ESG) commitments. The company is advancing its carbon neutrality goals through the Phnom 1500 Carbon Offset Restoration Project in Cambodia, having planted over 114,000 trees since August 2024. Initiatives to protect endangered wildlife, such as gibbons using canopy bridges near the Okvau Mine, highlight Emerald’s dedication to biodiversity conservation. Additionally, community programs, including support for maternal health services and school nursery buybacks, reinforce the company’s social license to operate.

With a highly experienced management team and a track record of delivering projects on time and on budget, Emerald Resources is well positioned to capitalise on its expanding resource base and operational momentum. The company’s dual focus on growth and sustainability sets a strong foundation for its next phase of development.