The first new major gold mine in the Northern Territory in the past 10 years will begin production within the next week, after it was given final approvals by the NT Government.
Company Emmerson has been exploring the Edna Beryl gold mine just north of Tennant Creek in the Barkly since 2008. Managing director and chief executive Rob Bills said it had the potential to be the highest grade gold mine in Australia.
"The gold didn't finish there but the water beat them."
Mr Bills said Giants Reef Mining also did some development work in the area with a small tribute miner, but the company went into receivership. Emmerson then began exploration in 2008.
Emmerson Resources Ltd (Emmerson) is a gold and copper explorer with projects in some of Australia's most prospective geological terranes including the Tennant Creek Mineral Field (TCMF) in the Northern Territory (NT) and the Lachlan Fold Belt (LFB) in New South Wales (NSW).
Emmerson and its strategic alliance partner Kenex Limited (Kenex) utilise proprietary predictive methodologies to predict and pinpoint areas where there is a high probability of discovering new deposits. This methodology aims to increase greatly the probability of discovery through the application of multiple independent geoscientific data ("big data") coupled with innovative exploration.
Kenex is a regarded project generation company at the forefront of developing 2D and 3D predictive models from multiple datasets. This allows the statistical identification of geological potential for a specified mineralisation style and therefore the most likely locations for the discovery of new mineral deposits.
