Okvau Gold Project

Emerald’s flagship Okvau Gold Project reflects our commitment to developing a modern Cambodian gold mining industry, working with, and supporting the communities and the environment in which we operate while maintaining a respectful and mature relationship with the Government of Cambodia.

Key Highlights;

  • Okvau Gold Mine commissioned on time on budget in 2021;
  • Production guidance for FY24 remains in line with DFS forecasts at 25-30,000oz per quarter and cash costs of US$780 – US$850/oz;
  • Maiden Okvau Gold Mine underground resource of 1.51Mt @ 6.29g/t Au for 305koz;
  • Okvau Gold Mine open pit reserve is currently quoted as 11.95Mt @ 1.82g/t Au for 698koz with ongoing extensional drilling expected to increase reserves on an annual basis;
  • Current mineral resources (including maiden underground) and reserves underpin a current mine life beyond 8 years.

In 2017 Emerald’s team commenced the journey to bring the Okvau Gold Project into production. Our highly experienced exploration geologists together with our seasoned management group, completed a DFS that demonstrated the potential of the project.

This was further developed over the following years leading to our first gold pour in June 2021.

Since achieving practical completion and reaching a steady state of production in September 2021, the process plant has run consistently above nameplate of 2.0Mtpa.

The Company continues to review the resource at the Okvau Gold Mine based on additional drilling completed during 2022 and 2023. The underground and extension drilling to date indicates the resource growth potential at Okvau with the ore body remaining open at depth, to the east, to the north and, to a limited extent, to the west. An updated underground resource is expected in the September quarter 2024.

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