EMU NL Fully Funds 2,500m Maiden Drilling at Yataga Copper Project

Strategic Shift and Financial Strength

EMU NL has taken decisive steps to reposition itself as a focused copper exploration company. The recent sale of its Badja Gold Project in Western Australia for over A$3.5 million has not only provided a significant capital injection but also enabled the company to retire all outstanding debt. This financial reset leaves EMU well-positioned to fund its next phase of exploration without the burden of leverage.

Alongside this financial milestone, EMU has undergone a board restructure, installing a new leadership team with a clear mandate to advance the Yataga Copper Project in Far North Queensland. The new board, led by Executive Chairman Adrian Griffin, signals a renewed strategic focus on unlocking the potential of this under-explored copper asset.

Yataga Copper Project – A Promising Frontier

The Yataga Copper Project, located within the richly endowed Georgetown Mining District, is EMU’s flagship asset. The project is notable for its porphyry-associated copper mineralisation, hosted within a large Permian-age intrusive complex spanning approximately 70 square kilometers. This geological setting is analogous to other significant copper-producing regions, such as the Cloncurry area nearby, enhancing the prospectivity of Yataga.

EMU’s exploration to date has identified strong copper anomalism across the Yataga Igneous Complex, particularly at the Fiery Creek and Yataga Valley prospects. The mineralisation is associated with shear zones and vein systems that have demonstrated high-grade copper and silver at surface, supported by geochemical and geophysical anomalies.

Maiden Drilling Program Set to Commence

After a brief postponement to allow the new board to review the program, EMU is now preparing to commence its maiden drilling campaign at Yataga in early November 2025. The initial phase will involve approximately 2,500 meters of reverse circulation drilling focused on testing the shear-hosted mineralisation at Fiery Creek. This program is designed to validate the economic potential of the copper-silver mineralisation and guide future exploration.

Should initial results prove encouraging, EMU plans to rapidly expand drilling in 2026 to up to 19,000 meters. This expanded program would include infill drilling at Fiery Creek and initial testing of larger porphyry targets within the Yataga Valley, aiming to delineate a substantial copper resource.

Fully Funded and Operationally Ready

The company’s recent capital raising and asset sale have fully funded the upcoming drilling program, removing financial uncertainty. EMU reported no environmental or safety incidents during the quarter, underscoring its commitment to responsible exploration practices. The company also maintains positive stakeholder engagement to support its social licence to operate.

With a clean balance sheet, a focused board, and a compelling exploration target, EMU NL is poised to deliver critical news flow in the coming months as drilling results emerge.