Emerald Resources fully permits Memot Gold Project, extends Okvau mine agreement

Emerald Resources NL announced that its Memot Gold Project is fully permitted for development and operation following the receipt of the Memot Mineral Investment Agreement (MIA) and Industrial Mining Licence (IML). Key terms of the Memot MIA include a three-year exemption from import tax and duties on equipment and mine facilities, a 0% withholding tax on dividends paid to foreign affiliates for five years, and a 3% royalty rate on gross sales. The Memot IML covers a project development area of 27.46km², with an initial term of 15 years and options for two additional 10-year terms.

The company also secured an extension to the Okvau Gold Mine MIA, which now allows for the importation of equipment for upcoming underground development activities, reflecting an expanded mine life beyond its initial seven years. Environmental pre-approval for Memot has been granted by the Ministry of Environment (MoE), contingent on Emerald submitting an Environmental and Social Impact Assessment (ESIA) by April 30, 2026. The company commenced work on the ESIA in early 2025.