Vision and Mission

The Emmerson Resources Vision is to have a market capitalisation of +$500m by 2011.  Emmerson believe this can be achieved through the discovery and development of both brownfields and greenfields deposits within our extensive ground holding in the Tennant Creek Mineral Field (TCMF).

The mission therefore is to discover and develop iron oxide, copper-gold deposits within the Tennant Creek Mineral Field, utilising the best and most appropriate concepts and technology.  The recently implemented exploration strategy and program is not only one of the most aggressive in the Tennant Creek Mineral Field but also has the potential to unlock a new generation of deposit types that have previously gone undetected. Our belief is that the decline in discovery history of the TCMF is not a consequence of metal depletion but rather stems from a lack of new concepts and exploration search technologies. Moreover the exploration maturity of the TCMF is low – as demonstrated by the below plot of total drillholes vs. depth.

Strategy

Our strategy to achieve this is summarised across the three main time horizons of:

• shorter term brownfields - where we are reassessing existing mineralisation utilising our extensive database from previous explorers and; 
• longer term greenfields - where we aim to unlock a new generation of deposits through the application of new concepts and technology.  
• advanced, Near mine

Emmerson Resources Strategy

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Brownfields

The brownfields program is designed to deliver to the more immediate time horizon and given it is building on previously identified mineralisation, is deemed to be of lower technical risk. The brownfields targets have been generated by applying new processing technologies and concepts to the existing database and identifying “orphan drill holes” – that is mineralised drill holes outside of the known resources that represent rock volumes that have been insufficiently tested. In addition we have a number of historical “insitu” resources that are being re-evaluated in light of the escalation in metal prices and also with respect to identifying possible extensions to the known mineralisation. 

Greenfields

The greenfields program is aimed at discovering the next generation of iron-oxide copper gold deposits (IOCG) within the Tennant Creek Mineral Field (TCMF) and requires a multi-faceted approach. The historical data suggests that deposits within the TCMF are strongly controlled by major shear zones and faults and that these provide the plumbing system for the iron oxide and later gold and copper rich fluids.  

Thus our approach is to better predict where these deposits occur from a better understanding of their structural setting and to also be able to detect them utilising a combination of gravity and magnetic geophysics. Therefore we have initiated one of the largest geophysical programs in the field to define the large scale structural architecture and to also detect new deposits, specifically the non magnetic hematite hosted deposits that may have previously gone undetected. 

Near Mine

Emmerson continues to look at opportunities to accelerate our activities whilst ensuring shareholders retain maximum value.  Thus this part of our strategy is principally aimed at attracting investment into the more advanced copper rich deposits within our tenements, where previous companies have identified residual or unmined resources that require additional drilling and concept phase studies and also where there is good near mine potential for resources additions.

Business Foundations

We also recognise that sustainable exploration and development requires solid business foundations including:

• respecting the interests of other stakeholders;
• ensuring we are pro active on safety and the environment;
• attracting and retaining the best people;
• pursuing our vision, mission and strategy within a business model that will maximise shareholder value; and
• by maintaining exemplary ethics and governance.    

Emmerson Resources - Governance