Emerald Resources NL (AU:EMR) has released an update.
Emerald Resources NL has successfully completed its acquisition of Bullseye Mining Limited, now owning 100% of the company following a compulsory acquisition process. The company is poised for growth with a forecasted production of over 100,000 ounces of gold in 2024 at its Okvau Gold Mine, and holds significant exploration potential in Cambodia and Australia. Emerald maintains a strong financial position with A$112.5 million in cash and is committed to carbon neutral operations in Cambodia.
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