- EMX Royalty (EMX) is continuing to expand its gold project portfolio in Australia
- The company retains Net Smelter Royalties (NSR) royalties on the Koonenberry project in New South Wales and the Queensland Gold project in southern Queensland
- Both projects are being advanced by private Australian companies
- EMX also recently acquired two projects with historical gold resources that have not had follow-up exploration for several decades
- EMX Royalty is up 2.03 per cent on the day, with shares of the company trading at C$4.03 at 2:05 pm ET
EMX Royalty (EMX) is continuing to expand its gold project portfolio in Australia.
The company retains Net Smelter Royalties (NSR) royalties on the Koonenberry project in New South Wales and the Queensland Gold project in southern Queensland.
Both projects are being advanced by private Australian companies.
EMX also recently acquired two projects with historical gold resources that have not had follow-up exploration for several decades.
The new projects, Yarrol and Mt Steadman, are Intrusion Related Gold Systems (IRGS) located along major structural trends in Queensland.
The projects, last explored between 1994 and 2006 using what are now outdated methods and geologic models, are both available for partnership.
The 17,500 hectare Yarrol project is located between EMX’s Queensland Gold project and Evolution Mining’s Mt Rawdon gold mine, and is positioned along the regional scale Yarrol Fault. Several other historical mines and active exploration projects also lie along the Yarrol Fault structural trend.
The 5,700 hectare Mt Steadman project is another IRGS-type system located along the Perry Fault regional-scale structure in southern Queensland. Mt Steadman’s historical gold production dates from the 1880’s onward from the Chowey Goldfields and along the trend of the Perry Fault at the Venus, London and Steadman mine.
EMX is a precious, base and battery metals royalty company. The company’s investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies.
EMX Royalty is up 2.03 per cent on the day, with shares of the company trading at C$4.03 at 2:05 pm ET.