Empire Metals Limited FIRB Approval (1448K)

TIDMEEE

RNS Number : 1448K

Empire Metals Limited

30 December 2020

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

30 December 2020

Empire Metals Limited ('Empire' or the 'Company')

FIRB Approval

Empire Metals Limited, the AIM-quoted resource exploration and development company, is pleased to announce that it has received approval from the Australian Foreign Investment Review Board to proceed with the acquisition of the Eclipse Gold Project, located 55km north-east of Kalgoorlie, Western Australia ('Eclipse' or the 'Project').

The final condition precedent is Ministerial Consent which is expected to be received shortly.

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 until the release of this announcement.

**ENDS**

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

 
 Mike Struthers   Empire Metals Ltd        Company          Tel: 020 7907 
                                                             9327 
 Ewan Leggat      S. P. Angel Corporate    Nomad & Broker   Tel: 020 3470 
                   Finance LLP                               0470 
 Adam Cowl        S. P. Angel Corporate    Nomad & Broker   Tel: 020 3470 
                   Finance LLP                               0470 
 Damon Heath      Shard Capital Partners   Joint Broker     Tel: 020 7186 
                   LLP                                       9950 
 Susie Geliher    St Brides Partners Ltd   PR               Tel: 020 7236 
                                                             1177 
 Beth Melluish    St Brides Partners Ltd   PR               Tel: 020 7236 
                                                             1177

About Empire Metals Limited

Empire Metals' primary focus is on the Eclipse Gold Project in Western Australia which produced 954 tonnes @ 24.6 g/t Au for 754.25 oz Au from the Eclipse shaft which operated up to 1910. In addition to the known mineralisation at and surrounding the Eclipse old workings, recent geophysics and geochemistry work has highlighted further potential mineralisation at two additional targets north-west of Eclipse, the Houdini and Easy prospects.

The Company also has a 50% joint venture in Georgia which covers an area of over 860 sq km and has a 30-year mining licence. The joint venture covers a variety of targets and projects ranging from greenfield exploration / target definition phase through intermediate target-testing phases to more advanced projects including Kvemo Bolnisi East which is due to advance to Feasibility Study.

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.

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END

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December 30, 2020 05:30 ET (10:30 GMT)

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