Cash position

RNS Number : 0316Q

Empire Metals Limited

15 February 2023

 

Empire Metals Limited / LON : EEE / Sector: Natural Resources

15 February 2023

Empire Metals Limited

("Empire " or "the Company")

Cash position

Empire Metals Limited (LON: EEE), the AIM-quoted resource exploration and development company, announces that, further to a recent media interview, its current cash position is circa £1.25 million (approximately AUD$2.2 million). Current cash reserves are sufficient for the initial soil sampling and planned maiden drill programme at the Pitfield Copper Project in Western Australia.   

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014, as incorporated into UK law by the European Union (Withdrawal) Act 2018, until the release of this announcement.

**ENDS**

For further information please visit www.empiremetals.co.uk   or contact:

Empire Metals Ltd Shaun Bunn / Greg Kuenzel	Tel: [phone]
S. P. Angel Corporate Finance LLP (Nomad & Broker) Ewan Leggat / Adam Cowl	Tel: [phone]
Shard Capital Partners LLP (Joint Broker) Damon Heath	Tel: [phone]
St Brides Partners Ltd (Financial PR)  Susie Geliher / Ana Ribeiro / Max Bennett	Tel: [phone]

About Empire Metals Limited

Empire Metals is an AIM-listed (LON: EEE) exploration and resource development company with a project portfolio comprising gold interests in Australia and Austria.

The Company's strategy is to develop a pipeline of projects at different stages in the development curve. Its initial focus has been on the high-grade Eclipse and Gindalbie Gold Projects in Western Australia.  The Company expanded its exploration licence area in April 2022 from 9.5km² to 1,728km² with the acquisition of the Pitfield Copper-Gold Project and the Walton Copper-Gold Project in Western Australia, and the Stavely Copper-Gold Project in the Stavely Arc region of Victoria. 

Empire also holds a portfolio of three precious metals projects located an historically high-grade gold production region comprising the Rotgulden, Schonberg and Walchen prospects in central-southern Austria.

The Board continues to evaluate opportunities through which to realise the value of its wider portfolio and reviews further assets which meet the Company's investment criteria.

 

END

 

 

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