No Data Available
Emperor Range Group Limited (ERX)
is a publicly listed company on the Australian Securities Exchange (ASX).
Emperor Range Group Limited
Emperor Range Group Limited (ERG), based in Xinjiang, owns 100% of the Kyzyl Leto copper tenement and the Wutonggou copper/gold tenement situated in the resource rich Xinjiang Province in North Western China. These deposits have been subject to several phases of exploration and evaluation and the Company is focused on entering into production in the short term.
The Company is led by an experienced management team who have demonstrable technical, operational and corporate experience in development and production of gold mines in China.
Emperor Range Group Limited is to be listed on the Australian Securities Exchange of Australia (ASX) under the symbol "ERG".
In the short term ERG aims to further define the Non-JORC resource at Kyzyl Leto and Wutonggou and undertake a pre-feasibility study with a local consultant. Once complete the Board and senior management will focus their expertise on the Kyzyl Leto project, utilising local contacts in order to achieve production within 24 months. Their goal is to become a mid-tier gold producer in China with a diverse portfolio.
At Kyzyl-Leto three resource estimates to 332 and 333 Chinese Mineral Classification have been completed. The initial resource estimate was undertaken at Kyzyl-Leto West, followed by Kyzyl-Leto East which were then validated and summarised in May 2013 by Chinese consultants. The combined Chinese classified resources for the Kyzyl-Leto project currently totals 4,271,500t @ 1.93% Cu for 82,300t of copper metal. Under the Chinese System of Resources Classification the resources have been classified as 332 and 333 which represent – Discovered but Indicated and Inferred respectively. Whilst Westoria considers that the resource estimates provided for the Kyzyl-Leto dykes do provide a reasonable assessment of the grade and tonnage of the mineralisation and have been appropriately classified under the Chinese System, there is no guarantee that the conversion from Chinese to Australian JORC-compliant Mineral Resources will occur.
An Exploration Target has been derived as a range for the Kyzyl-Leto projects using a number of parameters and a density of 2.92t/m³ and is based on the Kyzyl-Leto West and East dykes only. The Exploration Target is between 3.8 to 4.3mt at a grade of between 1.75 and 2.0% Cu. Westoria would caution the reader that the potential and quantity and grade of Exploration Target are conceptual in nature and shows there is insufficient supporting information to define a JORC Compliant Mineral Resource. It is also uncertain if further exploration and resource development work will result in the determination of a Mineral Resource.
An Exploration Target has been derived as a range for the Wutonggou project using a number of parameters and a density of 2.7t/m³. The Exploration Target is between 100 to 200kt at a grade of between 2.0 and 2.5g/t Au. Westoria would caution the reader that the potential and quantity and grade of Exploration Target are conceptual in nature and shows there is insufficient supporting information to define a JORC Compliant Mineral Resource. It is also uncertain if further exploration and resource development work will result in the determination of a Mineral Resource.
Due to uncertainties with the early stage exploration data generated from initial trenching and drilling at Wutonggou the reliability of the Chinese Classified Resources Estimation for the gold lode is uncertain. Future exploration programs should be planned to either understand the in consistencies in the original data or be designed to re-drill, trench and re-sample the mineralisation. However exploration to date has shown there is gold and copper mineralisation extending over at least 250m along strike that warrants further investigation. In addition the remainder of the tenement that has had little modern systematic exploration.
Emperor Range Group Limited
242 Angas Street
+61 8 8223 4800