Tuesday 4th June 2024
Ekometall Exploration GmbH (‘EMEX’, ‘Ekometall’, or ‘the company’) is pleased to announce the initiation of field work across several newly acquired properties as well as several significant changes to its operating structure.
1. Licence Acquisitions
Following 3 applications submitted in April 2024, EMEX have received approval from the Montanbehorde (Mining Authority) in Austria for 375 exclusive, 5-year Schürfberechtigungen (exploration permits), expanding its total Base & Precious metal exploration area to 1042 Schürfberechtigungen, covering >500km2 across 5 highly prospective licence areas.
Trattenbach
This new Cu-Au property straddles the borders of Niederösterreich & Steiermark in Eastern Austria. The key targets are just a 1-hour drive from Vienna, with regular bus and train services into nearby Semmering. Well maintained and active forestry roads throughout the project provide easy 4×4 access.
Historic reports refer to grab samples of high-grade Cu & Au mineralisation, including up to 22g/t of Au* in Fe-Carbonate alteration zones. Several academic studies in the 1990s failed to confirm or explain these historic results, but the region has never seen a modern, systematic exploration program. We believe that our team can systematically survey and rediscover these historic targets. Initial scouting visits were completed in May 2024 and have already identified varied alteration zones and multiple Fe-Carbonate vein systems. EMEX plans to continue ‘greenfield’ stage surveying and mapping of the property throughout this summer, and provide a detailed prospectivity report by October 2024.
*(unverified data, grades sourced from historic literature)
Panzendorf II
Following prospecting work in 2023 and ongoing historic literature review, EMEX’s team have hypothesized that it’s 2021 licenced ‘Panzendorf’ project, including the historic mines of Tessenberg, Panzendorf & Villgraten, could form part of a much larger regional VMS system related to the ‘Peri-Adriatic Seam’, a regional scale tectonic collision zone which runs E-W through this new extended property area.
Our geo team are in the field now and nearing completion of ‘phase 1’ surveys within the original licence area to sample and model historic mines and their Zn-Cu-Pb-Au deposits into 3D, and prepare them for geophysical surveys and drilling. Field work will continue this summer across the extended area, to test our ‘regional’ hypothesis on the scale of this VMS system, followed by a regional geophysical survey.
2. Corporate Restructure
EMEX as an entity has evolved into its second generation, with the 100% purchase of Ekometall Exploration GmbH. (Austria) from Ekometall Group Ltd. (UK), by EMEX Exploration LLC. (USA). Shareholders of Ekometall Group Ltd. (UK) were offered a well-priced share conversion between the entities, and we thank all shareholders for their support during this process.
EMEX Exploration LLC. (USA) have committed to funding and supporting the continued development of Ekometall Exploration GmbH. (Austria) and its copper properties into the future. Ekometall Group Ltd. (UK) is set to be dissolved following this transaction.
Following this transaction, we are happy to announce the appointment of Ryan Finlay as Managing Director & CEO. Severina Ditzov will continue in the position of Geschäftsführerin Unternehmensentwicklung (Director of Corporate Development).
For further information, contact:
Ryan Finlay
Chief Executive Officer
r.finlay@emexploration.at
Severina Ditzov
Managing Director
s.ditzov@emexploration.at
About Ekometall Exploration GmbH
Ekometall is leading the exploration and development of critical minerals projects across Austria. We are leveraging our experienced, Austria-based technical team to make significant new discoveries in a region that contains a rich mining history. The company controls a portfolio of five projects in Tyrol, Salzburg, and Styria, Austria and believes that this region has the potential to support the development of Europe’s critical raw materials supply chain.
For more information:
- Connect with us on LinkedIn at https://linkedin.com/company/em-exploration
- Explore our website online at https://emexploration.com
- Follow us on X @emexploration
Forward Looking Statements
Certain statements in this document constitute forward-looking statements. When used in this document, the words “may”, “will,” “should,” “project,” “anticipate,” “believe,” “estimate,” “intend,” “expect,” “continue,” and similar expressions or the negatives thereof are generally intended to identify forward-looking statements. Such forward-looking statements, including the intended actions and performance objectives, involve known and unknown risks, uncertainties, and other important factors that could cause the actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. No representation or warranty is made as to future performance or such forward-looking statements.
