Emmerson Resources Limited, CuFe Limited and Tennant Minerals...

Emmerson Resources Limited, CuFe Limited and Tennant Minerals Limited are pleased to announce the formation of
a Strategic Alliance to collaborate on their copper, gold and critical metals development opportunities in the Tennant
Creek Region of the Northern Territory.
The Alliance aims include:
o Assess the development options including the viability of a single multi-user processing facility in the high-
grade Tennant Creek region including:
 The optimal processing plant configuration and location
 Mine scheduling
 Final products to be produced
 Infrastructure requirements including workforce, travel, power, water, accommodation, transportation,
logistics, services and supply of reagents
 Environmental requirements and considerations including permits and approvals
 General logistics
o Completing a Scoping Study on development options for the Emmerson and Tennant Minerals 100% owned
deposits and the CuFe operated JV deposits (CuFe 55% / Gecko Mining Company P/L 45%)
o Upon completing the Scoping Study, undertake a Pre-Feasibility Study (PFS) on the preferred option(s) to
develop the deposits
o Investigate potential synergies with other explorers and developers in the region
o A commitment to work collaboratively including joint funding of Alliance activities
o Activities to commence in Q4 2024
Tennant Minerals Managing Director Vincent Algar said: “The production history of Tennant Creek copper and gold supports
the shared facility model we plan to investigate in this collaboration. The strategy will provide a shorter pathway to production and
incentivise TMS to continue its exploration effort targeting further discoveries like Bluebird on our tenements.”
Emmerson Managing Director Mike Dunbar said: “A number of the high-grade copper, gold and critical metals deposits in the
Tennant Creek region start as relatively small scale mines and grow significantly after mining commences. With modern
environmental, regulatory and financial hurdles, development of these modest sized deposits independently is now significantly
harder than it was historically. As a result, a collaborative approach of working together with like-minded ASX listed Companies to
investigate shared facilities to build the scale of operations needed for a modern development is, in my opinion, the best way of
developing the field. I am pleased to be working with the Tennant Minerals and CuFe teams, as I believe this will lead to the best
development option for each of the Companies and the Tennant Creek community as a whole.”
CuFe Executive Director Mark Hancock said: “We are pleased to have signed a Strategic Alliance Agreement to investigate the
potential for a single multi-user processing facility for copper, gold and critical metals for our Mineral Resources and others recent
high-grade exploration discoveries in the Tennant Creek region of the Northern Territory. With the historical high-grade Orlando
and Gecko deposits, which produced over 127,500t of copper and 232,000oz of gold, the remaining Mineral Resources form the
backbone of the Alliance, while the ability to also leverage from the recent high-grade discoveries by Tennant Minerals and
Emmerson in the region provides a unique development opportunity.”