Empire Resources (Empire) announced that it has completed a four hole diamond drilling campaign for 1,612m at its Yuinmery Project. Assays have also been received for the first two diamond holes of this program, YDD22-04 and YDD22-05 from the Smiths Well Prospect. Smiths Well Prospect - Results from the first two holes drilled at Smiths Well have been received for the previously reported massive to disseminated pyrrhotite-chalcopyrite-pyrite sulphides in diamond holes YDD22-04 and YDD22-05 which were drilled to test the down plunge extension of the strong downhole electromagnetic conductor.

Assays received for the previously reported 22.38m of massive to disseminated pyrrhotite-chalcopyrite-pyrite sulphides intersected from 328.42m downhole in YDD22-04 include: 23.09m @ 0.45% Cu, 0.15% Ni & 364ppm Co from 328.42m, including 6.46m @ 0.67% Cu, 0.16% Ni & 390ppm Co from 340m. Assays received for the previously reported 11.33m of massive to disseminated pyrrhotite-chalcopyrite-pyrite sulphides intersected from 386.12m downhole YDD22-05 include: 2.9m @ 0.39% Cu, 0.08% Ni & 122ppm Co from 382.1m; 4.4m @ 0.43% Cu, 0.13% Ni & 251ppm Co from 387m; and 2.0m @ 0.66% Cu, 0.05% Ni & 268ppm Co from 393m, including 0.55m @ 1.26% Cu, 0.04% Ni & 222ppm Co from 393m. Downhole Electromagnetic (DHEM) geophysical surveys have been completed on holes YDD22-05 and YDD22-06 at Smiths Well to determine the presence and extent of sulphide conducting bodies.

Smiths Well has responded well to geophysical techniques, where the highly conductive, channel-like structure dominates the Smiths Well mineralised system. YT01 Prospect - An additional diamond drill hole at YT01 has been completed targeting down dip extent of previously intercepted sulphide mineralisation. The lithologies intercepted in the recently completed YDD22-07 are similar to those encountered in the previous drill hole YDD22-01, which includes zones of disseminated chalcopyrite and stringer sulphides (chalcopyrite-pyrite) in altered basaltic rocks.

Logging of YDD22-07 has been completed and samples submitted for laboratory analysis. DHEM surveys have been completed on holes YDD22-01 and YDD22-07 to test for the presence of off-hole conductors. Samples from diamond holes YDD22-06 (Smiths Well) and YDD22-07 (YT01) have been collected and submitted for laboratory analysis.

Assay results from the final batch of samples is anticipated to be received during the September Quarter. Samples have been collected and submitted for petrographic analysis to characterise the host geology, sulphide mineralogy and alteration. The Company has also collected petrophysical samples of drill core from YT01 and Smiths Well Prospects.

The samples will be measured for magnetic susceptibility, resistivity, IP chargeability, EM conductance and density. The information gained from both the petrographic and petrophysical analysis will assist in optimising geophysical techniques and further refine data processing. Two metallurgical samples have been collected from within the Smiths Well massive to disseminated pyrrhotite-chalcopyrite-pyrite sulphides zone of hole YDD22-04.

A series of rougher floatation tests have been designed to study the physical and chemical behaviour of the copper, nickel and cobalt and their relationship to the various sulphide species observed within the mineralised zone. Geophysical surveys, including the use of downhole electromagnetic (DHEM) will continue to be used to plan and target drilling. The DHEM data recently collected at both Smiths Well and YT01 is expected to be processed early in the September quarter with results, including any modelling to be completed soon thereafter.