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Evolution joins Emmerson at Tennant Creek

Perth company Emmerson Resources has entered into a joint venture agreement with Evolution Mining for the exploration of gold and copper deposits at the Tennant Creek mineral field.

Evolution will work with Emmerson to advance the expansion of the existing JORC resources identified by Emmerson at Tennant Creek and will drill test a number of high quality gold-copper targets aimed a rapid resumption of mineral production.

Under the agreement, Evolution will fund $15 million of exploration over three years for a 65 per cent interest in Tennant Creek.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/02/17

1 year TSR5 year TSR
97thEmmerson Resources200%-16%
199thBaraka Energy and Resources100%-33%
232ndAmex Resources80%-21%
301stChalice Gold Mines50%-0%
436thEnergia Minerals19%2%
694 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

24/03/17
$24k Issued
24/03/17
$24k Other
27/02/17
$4k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

113th↑Emmerson Resources$1.6m
124th↑Energia Minerals$1.2m
125th-Amex Resources$1.2m
127th↑Chalice Gold Mines$1.1m
128th↑Baraka Energy and Resources$1.1m
502 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Emmerson Resources

379thRob Bills$405k
807thTrevor Verran$199k
1318thAndrew McIlwain$76k
Ranked by total remuneration from all listed WA companies

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