Empire Resources jumps 13pc after first gold pour at Penny’s Find
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Empire Resources has produced the first gold bar from its recently commissioned Penny’s Find gold mine near Kalgoorlie.
Investors welcomed the news, pushing up Empire’s (ASX:ERL) shares by 13 per cent to 2.6c in Wednesday lunchtime trade.
The bar was poured at the Lakewood toll milling facility south of Kalgoorlie from gold recovered in the processing of Penny’s Find ore.
Further gold pours are expected later this week.
Empire is in joint venture with Brimstone Resources at Penny’s Find which lies 50 km northeast of Kalgoorlie.
Full scale open pit mining commenced at Penny’s Find in May.
Empire has a market cap of $12.6 million.