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EMPIRE RESOURCES LIMITED Capital/Financing Update 2026
64875_rns_2026-05-03_7219cc8a-4a5c-408b-9460-db2831a4c3f9.pdf
Capital/Financing Update
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EMPIRE
RESOURCES
4 May 2026
ASX Release
RC DRILLING PROGRAM COMPLETED AT YUINMERY
7 APRIL - 2 MAY 2026
Empire Resources Limited (ASX: ERL; "Empire" or the "Company") is pleased to advise of the completion of a 37 hole, 4,401m reverse circulation (RC) drilling program at the Company's Yuinmery Copper-Gold Project since Easter.
The RC drilling tested new gold prospects at Hillside, Smiths Well and Microbe Well, further resource drilling at Just Desserts (Cu-Au) and follow up holes in the YT01-YT19 Cu-Au prospect corridor.
Of particular note from the program is the occurrence of native metallic copper over extensive widths in the RC holes drilled at the Hillside prospect. Importantly, the native copper was observed below the weathering profile in the primary mineralisation zone.
Minor and variable quantities of sulphide mineralisation occurred in several Hillside drill holes, in some instances accompanying the native copper intercepts and in others, not so.
A total of 9 holes for 1,266m were drilled at Hillside. The copper mineralisation appears to be open and spans 250m in strike. Photos illustrating the native copper are provided below. Geological logging of the holes recorded the following observations of the mineralisation encountered.
| Hole ID | East (50) | North (50) | Depth | Dip | Azimuth | Native Copper Occurrences |
|---|---|---|---|---|---|---|
| YRC26-19 | 689676 | 6838650 | 120m | -60 | 270 | No significant copper observed |
| YRC26-20 | 689678 | 6838545 | 100m | -60 | 270 | Variable amounts 90-95m |
| YRC26-21 | 689714 | 6838545 | 132m | -60 | 270 | Variable amounts 80-121m |
| YRC26-22 | 689678 | 6838445 | 108m | -60 | 270 | Variable amounts 76-101m |
| YRC26-23 | 689708 | 6838445 | 140m | -60 | 270 | Variable amounts 78-102m |
| YRC26-24 | 689760 | 6838384 | 180m | -60 | 270 | Variable amounts 83-170m |
| YRC26-25 | 689680 | 6838345 | 114m | -60 | 270 | Variable amounts 87-105m |
| YRC26-26 | 689587 | 6838445 | 246m | -60 | 090¹ | Variable amounts 68-232m |
| YRC26-27 | 689748 | 6838850 | 126m | -60 | 270 | No significant copper observed |
- Potentially drill hole down dip of mineralisation
It should be noted that the observations are preliminary since meaningful assessment of copper grades by visual observation is not possible, particularly if it occurs in metallic form requiring screen assays for reasonably accurate analysis.
Most of the samples have already been delivered to Perth. Preliminary composite assay results are anticipated to be due in around 4 weeks. Hillside samples are being tested for Au, Ag, Cu, Ni, Pt, Pd.
EMPIRE RESOURCES LIMITED
ACN 092 471 513
ASX: ERL
www.resourcexempire.com.au
[email protected]
159 Stirling Highway, Nedlands WA 6009
t +61 (0) 8 6389 1032
EMPIRE RESOURCES
ASX Announcement 4 May 2026
This announcement is authorised for release by the Board.
For further information, please contact:
Michael Ruane
Non-Executive Chairman
Phone: +61 (0)8 6389 1032
www.resourceempire.com.au
Photo 1. Cu nuggets from YRC26-26 (85m to 86m)
EMPIRE RESOURCES LIMITED
ASX: ERL
ASX Announcement 4 May 2026
EMPIRE RESOURCES
Photo 2. Panned tail showing native copper (pink colour) from drill chips from YRC26-23 (97m to 98m)
EMPIRE RESOURCES LIMITED
ASX: ERL
ASX Announcement 4 May 2026
EMPIRE RESOURCES
Photo 3. Panned tail showing native copper (pink colour) from drill chips from YRC26-24 (135m to 136m)
EMPIRE RESOURCES LIMITED
ASX: ERL
ASX Announcement 4 May 2026
EMPIRE RESOURCES
Photo 4. Speckly native copper from YRC26-20 (89m to 90m)
EMPIRE RESOURCES LIMITED
ASX: ERL
ASX Announcement 4 May 2026
EMPIRE RESOURCES
About Empire
Empire Resources Limited (ASX: ERL) is a gold and copper focused exploration and development company. Empire owns two highly prospective projects. The Yuinmery Copper-Gold Project 470km northeast of Perth in the Youanmi Greenstone Belt and the Penny's Gold Project 45km northeast of Kalgoorlie in the prolific Eastern Goldfields Region of Western Australia.
Empire has an experienced team of exploration, development and financial professionals who are committed to developing a sustainable and profitable mineral business. Empire seeks to extract value from direct exploration of its existing projects as well as identifying value accretive investment opportunities that complement the Company's development objectives.
EMPIRE RESOURCES PROJECT LOCATIONS
EMPIRE RESOURCES LIMITED
ASX: ERL