The Directors of eMetals Limited are pleased submit the Quarterly Activities Report and Appendix SB for the quarter ending 31 March 2021.

The Directors of eMetals Limited (ASX :EMT)(eMetals)(Company) are pleased submit the Quarterly Activities Report and Appendix SB for the quarter ending 31 March 2021.

HIGHLIGHTS

  • RC drilling at the Twin Hills Project, intersects significant gold mineralisation.
  • Drilling completed at the Nardoo Rare Metals Project with 30 RC holes for 1,728m completed at the Nardoo Tungsten Skarn and Beryl Well pegmatite prospects .
  • Significant tantalite mineralization confirmed at The Raj , Poona Project, with high grade tantalite results returned from a 1000m x 400m pegmatite swarm .
  • EMT entered into an agreement to acquire 1003 of SOC Resources Pty Ltd, acquiring the highly prospective Cowalinya Ionic Clay REE project, Chiggarie Rock and Dodgey-Torquata Projects.
  • Heritage agreements signed across projects, paving the way for exploration.

eMetals Director Mathew Walker commented: “eMetals has had a very busy March Quarter, with drilling completed at two projects and significant progress made in completing preparatory geochemical and geophysical programs ahead of further high­ impact drilling that is planned on several projects. Results obtained thus far validate the exploration models and require further testing.

EMT has also completed strategic acquisitions within the rare earths and specialty metals space, securing projects prospective for both hard rock and ionic clay REE’s. The Company continues to review projects to ensure exploration is delivering value for shareholders and maintains focus on the most prospective ground positions.”

For the full news release, click here.

eMetals Limited Announces High Grade Gold Results on Twin Hills Project

The Directors of eMetals Limited (ASX:EMT)(eMetals)(Company) are pleased to present the exploration results from the recent drilling program on the Twin Hills Project in the Eastern Goldfields of Western Australia.

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eMetals Limited


Overview

eMetals Limited (#ASX:EMT) exploration manager Roland Gotthard discussed the company's #exploration results from the Poona rare metals project, which strongl...

eMetals Limited (ASX:EMT) is a mineral resource exploration company focused on driving shareholder value by building a strong pipeline of mineral projects in various stages of development. The company's portfolio currently includes three projects in the premiere mining district of Western Australia that are highly prospective for tungsten, lithium and gold.

eMetals Limited is planning to conduct H1 2020 drill programs for the Nardoo Well tungsten-lithium project in the Gascoyne region and the Cookes Creek tungsten project adjoining Tungsten Mining's (ASX:TGN) Big Hill Deposit in the East Pilbara region. Tungsten is classified as a strategic metal by major economies across North America, Europe and Asia. According to firm Roskill, stricter environmental regulations in China coupled with depleting global mine supply are projected to create a tungsten deficit in the coming years.

Exploration work at the company's Twin Hills gold project in the Eastern Goldfields region is slated for H2 2020. Australia is one of the most prolific gold-mining countries in the world. The price of gold in Australian dollars has experienced a mostly upward trajectory since 2000, climbing from a high of AU$481.68 to AU$1,400 in 2010 and further upward to around AU$2,200 per ounce at the start of 2020.

To further expand its portfolio of mineral exploration opportunities, eMetals Limited has entered into a partnership agreement with Gecko Metals Sdn Bhd to identify and evaluate the potential acquisition of iron ore, manganese and tin interests in Malaysia.

Company Highlights

  • Owns a portfolio of projects in Western Australia, ranked the world's second most attractive mining district by the 2018 Fraser Institute Annual Survey of Mining Companies.
  • Focus on tungsten, a strategic metal experiencing a looming supply deficit.
  • Highly prospective tungsten assets with high grades and walk-up drill targets.
  • Twin Hills gold project hosts historical intersections along strike of a high-grade gold mine.
  • Anticipated steady news flow with drilling at Nardoo Well and Cookes Creek tungsten projects slated for H1 2020; proposed exploration work at Twin Hills gold project in H2 2020.
  • Partnership with Gecko Metals Sdn Bhd to build out a portfolio with quality iron ore, manganese and tin exploration projects in Malaysia.
  • Highly experienced board to maximize the value of its assets.
  • Tight capital structure: HSBC Custody Nominees Ltd 15.51 percent; GWR Group Limited 10.16 percent; Great Southern Flour Mills Pty Ltd1 9.26 percent; Citicorp Nominees PL 7.20 percent.

Key Projects

eMetals Limited's Project Pipeline

eMetals Limited's Nardoo Well Tungsten Project

The Nardoo Well tungsten project covers an area of 131 square kilometers in the Gascoyne region of Western Australia. Earlier historical exploration performed by Mincor Resources (ASX:MCR) at Nardoo Well identified a significant source of tungsten mineralization in mapped skarns. Lithium and tantalum mineralization has also been identified in pegmatites in the property.

Historical results from Mincor's 2006 channel sampling work identified high-grade tungsten mineralization.

Historical results from Mincor's 2006 channel sampling work identified high-grade tungsten mineralization.

  • 3 meters at 6.66 percent WO3
  • 2 meters at 5.34 percent WO3
  • 2 meters at 2.07 percent WO3

The proposed exploration program at Nardoo Well includes geochemical surveys and surface mapping to support the drilling of targets along an 8.5-kilometer strike length of the Thirty-Three Supersuite, a geological structure known for rare earth element-bearing pegmatites and quartz veins derived from granite, and the skarns identified by Mincor.

eMetals Limited's Cookes Creek Tungsten Project

The Cookes Creek tungsten project covers 51 square kilometers adjoining Tungsten Mining's Big Hill Deposit in the East Pilbara region of Western Australia. The property hosts a well-exposed granite greenstone belt, with granites enveloped by volcano-sedimentary rocks. Historical exploration at Cookes Creek identified a number of tungsten, molybdenum and base metal occurrences on the property.

Tungsten mineralization was first observed at Cookes Creek in 1956 through survey work conducted by the Geological Society of Western Australia. A positive price environment for tungsten in that era led to small-scale mining activities at the McCleod's Quartz Vein, the biggest tungsten producer in the Pilbara region during the 1950s. Today, the vein appears open along strike and potential parallel structures can be seen on aerial photos.

Further tungsten anomalies were identified during exploration work conducted in the 1970s and 1980s. In 1983, Kalgoorlie Southern Gold Mines (KSGM) conducted a stream sediment program in the region that defined six major tungsten anomalies (A through F) all of which were located within 1.6 kilometers of the granite greenstone belt. Today, Area C is the site of the Big Hill deposit where drilling by Tungsten Mining from 2003 to 2009 identified a 2012 JORC Indicated resource of 6.2 MT at 0.16 percent WO3 and an Inferred resource of 5.3 MT at 0.13 percent WO3.

Areas A and D are within eMetals' Cookes Creek licenses and have experienced minimal modern exploration. At Area A, located west of the historic mining area, KSGM's trenching and drill work identified high-grade tungsten veins at surface.

eMetals Limited's exploration plan for Cookes Creek includes detailed surface mapping of the historical workings on the property along with a broader geochemical soil sampling program to identify any additional potential targets for drilling.

eMetals Limited's Twin Hills Gold Project

The Twin Hills gold project is located 150 kilometers north of Kalgoorlie and covers 30 square kilometers in the Eastern Goldfields of Western Australia's Archaean Yilgarn Craton. The property includes a total of 10 kilometers of strike covering the north and south extensions of the greenstone sequence that hosts the excised historical Twin Hills gold mine.

The Twin Hills gold mine was first discovered in 1928 and worked sporadically up through 1986. Historical exploration work in the region detected anomalous gold along strike of the mine, including RAB drill intercepts such as 8 meters at 1.74 g/t gold. The primary source of this mineralization has yet to be identified through deep bedrock drilling.

eMetals Limited's planned exploration at Twin Hills includes surface soil and mapping data as well as a detailed magnetics survey to identify drill targets for testing bedrock mineralization.

Management Team

Gary Lyons — Chairman

Gary Lyons is a successful and well-respected Perth based businessman and has been a shareholder and Managing Director of the Heiniger Groups Australasian operations for the last 25 years. During the last three years, Lyons has served as a director of the following listed companies: GWR Group Limited (appointed 2 June 2010) and Tungsten Mining Limited (appointed 16 July 2014).

Mathew Walker — Executive Director

Mathew Walker has extensive experience in public company management and in the provision of corporate advice. Specializing in the natural resources sector, Walker has served as Executive Chairman or Managing Director for public companies with mineral interests in North America, South America, Africa, Eastern Europe, Australia and Asia. Currently he serves as Chairman of corporate advisory firm Cicero Advisory Services based in Perth, Western Australia. He currently serves as a director of the following listed companies: Family Insights Group Limited (appointed 09 July 2018).

Teck Siong Wong — Director

Teck Siong Wong has considerable international business experience having worked in Hong Kong, the United Kingdom and now in Malaysia and Indonesia after graduating with a Bachelor of Business degree from Swinburne University (Melbourne). Wong is involved with the mining industry in China, Indonesia and Malaysia. He was previously involved in sales and exports of steel-related products and was a director of a retail chain business in the United Kingdom. Wong was working in the OEM plastic manufacturing industry in Hong Kong prior to taking up a position in the steel industry in Malaysia. He is currently a director at Golden West Resources Ltd.

High Grade Gold In Maiden Drilling at Twin Hills

HIGHLIGHTS

  • High grade gold in composite samples returned from the Company’s maiden drilling program at Twin Hills Gold Project
  • Significant results from 4 metre composites include: 8m @ 2.66g/t Au from 40m including 4m @ 3.62g/t Au from 44m (THRC014); 4m @ 1.18g/t Au from 32m (THRC015); and 12m @ 0.62g/t Au from 40m including 4m @ 1.10g/t Au (THRC008)
  • Mineralisation is open in all directions
  • Validation of exploration model confirmed highlighting the prospectivity of structures underlying the three priority auger anomalies
  • Program of Works application lodged for priority follow-up RC drilling

The Directors of eMetals Limited (ACN 142 411 390)(ASX:EMT)(eMetals or the Company) are pleased to announce the results of the Company’s first reverse circulation drilling program at its wholly owned Twin Hills Project (Project) in the Eastern Goldfields region of Western Australia. This announcement details the assay results of composite sampling from reverse circulation (RC) drilling undertaken in January 2021. Results of single metre sampling of quartz and sulphide bearing intervals are pending and will be reported when re-assaying of samples is complete.

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