Emergent Commences Drilling at DSO Hematite Deposit at Beyondie Iron Project

Emergent Resources is pleased to announce that drilling has commenced at the Company’s Direct Shipping Ore (silica sand screening plantDSO) hematite iron deposit at the Beyondie Iron project in the mid west region of Western Australia.

The drill program will consist of a 40 hole, 4,000 metre Reverse Circulation (RC) program over a 5 kilometre strike length at the recently discovered DSO hematite deposit. Drilling will be conducted on a nominal 800 metre line spacing (angled at 60 degrees) to a depth of 100 metres into the steeply dipping mineralisation.

The aim of the initial program at the DSO deposit is to define the boundaries of the three zones of hematite that were identified at the time of the discovery as well as test the grade with the wide spaced holes.

Subject to successful results the Company plans to expand the drill program with a second phase campaign at the hematite deposit of an additional 10,000 metres (at a nominal 400 metre spacing) along an extended total strike length of over 12 kilometres.

The DSO deposit at the Beyondie project was discovered in June this year. It is located within the E52/2215 tenement at the Beyondie Project, adjacent to tenement E52/1806 - which hosts a JORC Inferred Magnetite Resource of 561 million tonnes grading 27.5% Fe.

The Company’s independent geological consultants AMC Consultants Pty Ltd have estimated a total Exploration Target of 70-120 million tonnes at an overall grade of 52-57% Iron (Fe) at the DSO deposit. This is made up of two exploration targets; 25- 45Mt @ 55- 60% Fe, and 45-75Mt @ 50-55% Fe (Refer ASX release 2 June 2010).

The DSO deposit outcrops at surface, and the surface iron is predominantly hematite. It is estimated that the depth of hematite is approximately 50-70 metres overlying fresh magnetite.

To date, geological mapping and sampling has been completed over an area of about 1,000 metres in width and a 15 kilometres strike length. Also, approximately 750 geological samples have been collected across 920 equidistant survey locations.