Key facts
| Company | Emerita Resources (TSXV: EMO) |
|---|---|
| Commodity | Zinc |
| Location | Spain |
| Stage | Resource definition |
About Iberian Belt West Project
Emerita is a Canadian natural resource company engaged in the acquisition, exploration and development of mineral properties with a primary focus on exploring in Spain. Emerita has a 100% ownership interest in the Iberia Belt West (IBW) project located in the famous Iberian Pyrite Belt in southern Spain.
Mineral resource estimates
4 reported estimates, newest first. Categories are as disclosed by Emerita Resources; inferred material carries the lowest confidence and cannot support a reserve.
| Category | Tonnes | Au g/t | Au oz | Ag g/t | Ag oz | Cu % | Effective |
|---|---|---|---|---|---|---|---|
| IndicatedNI 43-101 | 19.0 Mt | 1.28 g/t | 783 koz | 66.0 g/t | 40.26 Moz | 0.50 % | Feb 26, 2025 |
| InferredNI 43-101 | 6.8 Mt | 0.77 g/t | 168 koz | 56.3 g/t | 12.31 Moz | 0.73 % | Feb 26, 2025 |
| IndicatedNI 43-101 | 14.1 Mt | 1.39 g/t | 629 koz | 75.2 g/t | 34.03 Moz | 0.46 % | May 4, 2023 |
| InferredNI 43-101 | 4.7 Mt | 0.90 g/t | 137 koz | 72.4 g/t | 10.96 Moz | 0.54 % | May 4, 2023 |
How the categories differ: Inferred vs Indicated vs Measured. Compare reports over time with the Resource Growth Tracker.
News releases32 on file
Emerita Announces Positive IBW Pre-Feasibility Study Results Highlighting US$776 Million After-Tax NPV (8%), 23.51% IRR and 21-Year Mine Life
Emerita Resources reported positive results from a Pre-Feasibility Study for its 100%-owned Iberian Belt West project in Huelva Province, Spain, showing an after-tax NPV (8%) of US$776 million, a 23.51% real after-tax IRR, a 21-year life-of-mine and initial capital of US$566.7 million. The study also reports a Probable Mineral Reserve of 23.4 million tonnes and an updated Mineral Resource Estimate
Study resultsOTC Markets Group Welcomes Emerita Resources Corp. to OTCQX
Emerita Resources has qualified to trade on the OTCQX Best Market, upgrading from the OTCQB Venture Market, and began trading January 30, 2026 under the symbol EMOTF. The company remains listed on the TSX-V as EMO. CEO David Gower said the company continues to advance its Iberian Belt West project in Spain through permitting and prefeasibility toward a production decision.
CorporateEmerita Intersects 121M Grading 16 Copper 085 Gt Gold 3211 Gt Silver And 14M Grading 58 Copper 489 Gt Gold And 510 Gt Silver At El Cura
Drilling at the El Cura deposit, part of the wholly owned Iberian Belt West project in Spain, returned 12.1m grading 1.6% copper, 0.1% lead, 0.1% zinc, 0.85 g/t gold and 32.11 g/t silver in hole EC092, and 1.4m grading 5.8% copper, 4.89 g/t gold and 51.0 g/t silver in EC085. Holes EC085 and EC087, over 200m beyond the 2025 Indicated Mineral Resource limits, extend the deposit to the west. El Cura
Drill resultsEmerita Resources Completes Nebari Facility Upsizing
The TSX Venture Exchange has approved an amended credit agreement with Nebari Natural Resources Credit Fund II, LP providing a fourth tranche of USD$35,000,000 as a standby loan, bringing total financing capacity to up to USD$50 million. Nebari waived its entitlement to receive Emerita common share purchase warrants in connection with the upsized loan. Proceeds are intended for exploration and geo
CorporateEmerita Awards Pre-Feasibility Study Contract for the Iberian Belt West Project to SLR Consulting
SLR Consulting Limited (formerly Wardell Armstrong) has been awarded the contract to complete a NI 43-101 Pre-Feasibility Study on the Iberian Belt West project in Spain, selected from an initial group of twenty-three companies narrowed to a short list of five. The PFS is expected to be completed in approximately six months and will cover mine to mill design, process plant and flowsheet design, su
Study resultsEmerita Announces Airborne Mag-EM Geophysical Survey Over Western Spanish Pyrite Belt
A 1,536 km helicopter time-domain electromagnetic and magnetic (HTEM) survey will begin in December 2025 over the Iberian Belt West (IBW) project and the adjacent San Antonio exploration project in Spain, covering the La Romanera, El Cura and La Infanta deposits. Flight lines are spaced at 100 m, measuring to approximately 500 m depth, with Xcalibur Smart Mapping flying the survey and Intelligent
Drill resultsEmerita Intersects 9.6 Meters Grading 2.7% Copper, 1.85 g/t Gold and 6.9 Meters Grading 1.4% Copper, 1.85 g/t Gold at El Cura Deposit
Delineation drilling at the El Cura deposit, part of the wholly owned Iberian Belt West project in Spain, returned 9.6m grading 2.7% copper, 0.4% lead, 0.5% zinc, 1.85 g/t gold and 27.08 g/t silver in hole EC072, and 6.9m grading 1.4% copper, 0.9% lead, 2.4% zinc, 1.32 g/t gold and 48.22 g/t silver in EC079. EC072 extends the gold-copper zone in hole EC046 westward by 35 meters; hole EC074 returne
Drill resultsEmerita Extends El Cura Deposit 90 Meters Westward, Intersecting 4.1 Meters Grading 3.9% Copper, 3.6% Lead 8.5% Zinc, 4.08 g/t Gold and 96.4 g/t Silver
Drill hole EC080 at the El Cura deposit, part of the wholly-owned Iberian Belt West project in Spain, returned 4.1 m grading 3.9% copper, 3.6% lead, 8.5% zinc, 4.08 g/t gold and 96.39 g/t silver, including 1.4 m at 5.7% copper, 4.1% lead, 9.7% zinc, 3.89 g/t gold and 102.86 g/t silver, extending the deposit 90 m to the west. Other holes included EC069 with 3.8 m at 1.8% copper, 2.3% lead, 6.2% zin
Drill resultsEmerita Granted Two Additional Properties in the IBW Area, "San Antonio" and "Terranova" Exploration Permits and Enters Into Agreement to Acquire the Nueva Celti Project in Andalusia, Spain
Exploration permits for the San Antonio and Terranova claims have been granted by the Ministry of Industrial Policy and Energy of Huelva, Andalusia, adding 181 hectares adjacent to the Iberian Belt West Project and bringing Emerita's IBW-area holdings to 8,144 hectares; the permits run three years and are renewable. Emerita also signed an LOI with Western Metallica Resources to acquire its Spanish
CorporateEmerita Resources Announces Increase to Loan Financing with Nebari Resources to Advance IBW Project
An amended credit agreement with Nebari Natural Resources Credit Fund II, LP adds a fourth tranche of USD$35,000,000 as a standby loan, raising the maximum aggregate principal available to USD$50,000,000 across four tranches; only Tranche 1 of USD$6,000,000 has been drawn to date. Proceeds are for working capital tied to drilling, engineering studies, environmental permitting at the wholly-owned I
FinancingEmerita Intersects 169 Meters Grading 14 Copper 21 Zinc 093 Gt Gold 4266 Gt Silver And 72 Meters Grading 10 Copper 19 Zn 131 Gt Gold 6010 Gt Silver At El Cura Deposit
Drilling at the El Cura deposit, part of the wholly owned Iberian Belt West project in Spain, returned 16.9m grading 1.4% copper, 1.0% lead, 2.1% zinc, 0.93 g/t gold and 42.66 g/t silver in hole EC067, and 7.2m grading 1.0% copper, 1.4% lead, 1.9% zinc, 1.31 g/t gold and 60.10 g/t silver in EC062. Hole EC057 cut 3.1m at 2.3% copper, 4.7% zinc and 2.21 g/t gold. An additional 10,000 metres of diamo
Drill resultsEmerita Continues to Expand the El Cura Deposit, Intersecting Mineralization in 80% of Drill Holes, Including 6.9 Meters Grading 1.2 g/t Gold, 0.4% Copper
Drilling at the El Cura deposit, part of the wholly owned Iberian Belt West project in Spain, returned 6.9 m grading 0.4% copper, 0.5% lead, 0.2% zinc, 1.23 g/t gold and 28.06 g/t silver in hole EC051, including 3.9 m at 0.5% copper, 0.8% lead, 0.3% zinc, 1.75 g/t gold and 41.35 g/t silver; EC053 returned 3.1 m at 0.9% copper, 1.33 g/t gold, and EC056 3.0 m at 0.6% copper, 1.79 g/t gold. EC052 and
Drill resultsEmerita Achieves 81.5% Gold Recovery for 27% Improvement Over Previous Metallurgical Testing for IBW Project
Updated metallurgical testing at the wholly-owned Iberian Belt West project in Spain returned 81.5% gold recovery at the La Romanera deposit using the two-stage CLEVR Process, a 27% improvement over the 64.1% recovery used in the March 17, 2025 mineral resource estimate, alongside zinc recovery of 91.30% and copper of 87.70%. Calculated El Cura recoveries are 80.80% gold, 87.90% zinc and 92.70% co
Study resultsEmerita Files NI 43-101 Technical Report for the IBW Project, Marking a 35% Increase in Total Indicated Resources and a 44% Increase in Total Inferred Resources
An NI 43-101 technical report for the Iberian Belt West Project in Andalusia, Spain, prepared by Wardell Armstrong International with an effective date of February 26, 2025, has been filed, supporting the updated mineral resource estimate announced March 17, 2025. The estimate, based on 105,554 metres in 299 drill holes across the La Romanera, La Infanta and El Cura deposits, totals 18.96Mt indica
Resource updateEmerita Intersects 10.8 Meters Grading 4.8% Copper, 1.4 g/t Gold and 8.9 Meters Grading 1.1% Copper, 1.2 g/t Gold at El Cura Deposit
Drilling at the El Cura deposit, part of the wholly owned Iberian Belt West project in Spain, returned 10.8 m grading 4.8% copper, 1.4 g/t gold and 72.6 g/t silver in hole EC050 and 8.9 m grading 1.1% copper, 1.2 g/t gold and 15.5 g/t silver in EC046. Other holes included 3.7 m at 1.3% copper, 1.6% lead, 2.6% zinc, 0.9 g/t gold and 52.1 g/t silver; three holes returned no significant mineralizatio
Drill resultsEmerita Announces a 35% Increase in Total Indicated Mineral Resource Tonnage and a 44% Increase in Total Inferred Mineral Resource Tonnage with Updated Mineral Resource Estimate at its Iberian Belt West Project
An updated mineral resource estimate for the wholly owned Iberian Belt West project in Spain, effective February 26, 2025, reports total indicated resources of 18.96Mt grading 2.88% zinc, 1.42% lead, 0.5% copper, 66 g/t silver and 1.28 g/t gold, plus inferred resources of 6.80Mt at 3.25% zinc, 1.50% lead, 0.73% copper, 56.3 g/t silver and 0.77 g/t gold. That is a 35% increase in indicated tonnage
Resource updateEmerita Has Been Granted the “Ontario” Exploration Permit Adjacent to Its Iberian Belt West Project; Hosts Several Historic Producing Mines
The Ministry of Industrial Policy and Energy of Huelva, Andalusia has granted Emerita the Ontario exploration permit, adding 5,573.23 hectares to its wholly owned Iberian Belt West project and increasing the project area from 2,394.1 hectares to 7,967.31 hectares. The permit runs for an initial three years, is renewable, and requires no further environmental or municipal approvals. Grab samples fr
CorporateEmerita Intersects 9.3 Meters Grading 1.1% Copper and 1.2 G/T Gold with Additional Base Metal Sulphides at El Cura Deposit
Drilling at the El Cura deposit, part of the wholly owned Iberian Belt West project in Spain, returned 9.3 m grading 1.1% copper, 0.7% lead, 2.1% zinc, 1.2 g/t gold and 34.8 g/t silver in hole EC037, including 2.5 m at 1.7% copper and 2.0 g/t gold. EC036 returned 5.2 m at 2.1% copper, 1.3% lead, 2.8% zinc, 1.6 g/t gold and 65.5 g/t silver. Results will feed an updated NI 43-101 resource estimate e
Drill resultsEmerita Achieves Strong Metallurgical Results from Ongoing Testing Program at La Romanera Deposit Including 64.3% Gold Recovery
Metallurgical testing on the La Romanera deposit at the wholly-owned Iberian Belt West Project in Spain returned overall recoveries of 64.3% gold, 91.3% zinc, 85.8% copper, 80.5% silver and 49.9% lead, using conventional flotation plus a post-flotation roasting and CLEVR cyanide-free leaching stage. A second round of testing is underway with results expected in Q1 2025, and an updated mineral reso
Study resultsEmerita Intersects 13.15m Grading 1.1% Copper, 1.1% Lead, 3.3% Zinc, 54.63 g/t Silver and 2.71 g/t Gold in Massive Sulphides at El Cura
Drilling at the El Cura deposit, part of the wholly owned Iberian Belt West project in Spain, returned 13.15m grading 1.1% copper, 1.1% lead, 3.3% zinc, 54.63 g/t silver and 2.71 g/t gold in hole EC028, including 4m at 1.7% copper, 0.5% lead, 2.1% zinc, 60.25 g/t silver and 3.91 g/t gold. EC022 returned 6.3m at 0.7% copper, 29.21 g/t silver and 1.99 g/t gold; EC016 and EC017 returned no significan
Drill resultsEmerita Provides Results for Phase 2 Metallurgical Testing Program at Iberian Belt West Project
Phase 2 metallurgical testing at the wholly-owned Iberian Belt West project in Spain produced separate copper, lead and zinc concentrates at commercial grades from both La Infanta and La Romanera, versus a zinc concentrate and semi-bulk copper-lead concentrate in Phase 1. La Infanta returned 20.2% Cu, 35.5% Pb and 52.9% Zn concentrate grades with 78.0% zinc recovery; La Romanera returned 20.1% Cu,
Study resultsEmerita Resources Closes on First Tranche of USD$6 Million Under Credit Facility
USD$6 million has been drawn down and received under the first tranche of Emerita Resources' August 14, 2024 credit agreement with Nebari Natural Resources Credit Fund II, LP. The company issued 9,963,636 non-transferable common share purchase warrants to a nominated affiliate of the lender, exercisable at $0.825 until August 16, 2028, a 25% premium to the August 14 closing price of $0.66. Proceed
FinancingEmerita Resources Announces Loan Financing With Nebari Resources to Advance IBW Project
A credit agreement with Nebari Natural Resources Credit Fund II, LP provides Emerita with borrowings of up to USD$15,000,000 in three tranches of USD$6,000,000, USD$4,500,000 and USD$4,500,000, with drawdown of Tranches 2 and 3 at the Company's discretion. Interest accrues at three-month Term SOFR (floored at 4.0%) plus 11.50% per annum, maturing 48 months after Tranche 1 closing. Proceeds fund dr
FinancingEmerita's Iberian Belt West Project (IBW) Has Been Granted with the Declaration of Strategic Interest by the Junta of Andalusia
The Junta of Andalusia has granted Declaration of Strategic Interest status to Emerita Resources' wholly-owned Iberian Belt West project in Huelva, Spain, by written resolution, prioritizing the project's administrative processing with assigned government officials and firm documentation timelines. An initial kick-off meeting with Junta officials took place July 31, 2024. Emerita applied for the d
CorporateEmerita Intersects 11.4m of Massive Sulfide at El Cura, Extending the Mineral Deposit 60m Down Dip
Drill hole EC014 at the El Cura deposit, part of the wholly owned Iberian Belt West project in Spain, intersected 11.4 m of massive sulfide at roughly 350 m vertical depth, the thickest and deepest intercept to date there, extending mineralization 60 m down dip from hole EC013; assays are pending. Emerita has added a second drill rig and plans 15 additional holes to test continuity at depth and to
Drill resultsEmerita Intersects High Grade Copper-gold Mineralization at El Cura; Mobilizes Second Rig to Accelerate El Cura Drill Program
Drilling at the El Cura deposit on the wholly owned Iberian Belt West project in Spain returned 10.6 m grading 1.7% copper, 0.95 g/t gold and 35.46 g/t silver in hole EC013, the deepest and thickest intercept to date at about 300 m vertical depth; EC012 cut 3.4 m of 1.7% copper, 3.09 g/t gold and 49.3 g/t silver, and EC008 cut 2.6 m of 1.8% copper, 1.51 g/t gold and 73 g/t silver. A second rig has
Drill resultsEmerita Provides Results for Phase I Metallurgical Testing Program at Iberian Belt West Project
Phase I metallurgical testing on the La Romanera and La Infanta deposits at the wholly-owned Iberian Belt West project in Spain returned average recoveries of 85.6% zinc, 62% copper and 59% lead, with commercial grade concentrates from both deposits, including 52.7% Zn and 23.9% Cu concentrates at La Infanta. Precious metal recoveries reached up to 48.6% silver and 17.2% gold. Phase II has been in
Study resultsEmerita Provides Update on Ongoing Metallurgical Test Program Including 52.4% Zn Concentrate Grade at 84% Zn Recovery
Preliminary metallurgical test results from the Iberian Belt West project in Spain returned zinc concentrates grading 52.4% Zn at an average zinc recovery of 84%, with La Romanera at 49.3% Zn/85% recovery and La Infanta at 60% Zn/81% recovery. Copper concentrates graded 22.26% Cu at 69.4% recovery (La Romanera) and 24.87% Cu at 51.69% recovery (La Infanta), carrying 1.94 g/t Au and 372.8 g/t Ag, a
Study resultsEmerita Intersects 19.7 Meters Grading 10.9% Zinc, 1.7% Lead and 74.6 G/T Silver at La Romanera Deposit 150 Meters East of Historical Drilling
Four new drill holes at the La Romanera deposit, part of the wholly owned Iberian Belt West project in Spain, returned 19.7 m grading 0.2% Cu, 1.7% Pb, 10.9% Zn, 0.58 g/t Au and 74.6 g/t Ag in hole LR038, including 6.9 m at 18.2% Zn, plus a lower lens of 8.8 m at 0.8% Cu, 1.8% Pb, 9.9% Zn and 66.4 g/t Ag; LR041 cut 18.3 m at 4.6% Zn and 1.70 g/t Au. Drilling will continue into early 2023, with abo
Drill resultsEmerita Reports Latest Drill Results and Adds 14th Drill Rig at La Romanera
Six new drill holes at the La Romanera deposit on the wholly owned Iberian Belt West project in Spain returned intercepts including 40.7 m grading 0.3% Cu, 0.7% Pb, 0.5% Zn, 1.64 g/t Au and 32.3 g/t Ag in LR006B (including 3.0 m at 6.54 g/t Au), 11.2 m at 0.4% Cu, 1.5% Pb, 4.2% Zn, 0.79 g/t Au and 60.8 g/t Ag in LR025, and 5.3 m at 10.2% Zn in LR030. Thirteen rigs are now delineating La Romanera a
Drill resultsEmerita Intersects 19.4 Meters Grading 0.4% Copper, 4.6% Lead, 5.1% Zinc, 2.3 G/T Gold and 204 G/T Silver at La Romanera
Delineation drilling at the La Romanera deposit on the wholly-owned Iberian Belt West project in Spain returned 19.4 meters grading 0.4% copper, 4.6% lead, 5.1% zinc, 2.3 g/t gold and 204.6 g/t silver from 282.6 meters in hole LR008, plus 18.8 meters at 1.4% copper in the Lower Lens. Hole LR011, 200 meters west, cut 13.8 meters at 2.29 g/t gold and 11.4 meters at 3.35 g/t gold and 177.5 g/t silver
Drill resultsEmerita Reports Latest Drill Results From IBW and Extends Mineralization 100 Metres to East at Romanera
Drilling at the Iberian Belt West project in Spain returned 7.0m grading 0.2% copper, 3.9% lead, 4.4% zinc, 2.44 g/t gold and 143.1 g/t silver from 117.7m in La Romanera hole LR005, plus 16.9m at 0.4% copper, 1.0% lead, 2.2% zinc, 2.90 g/t gold and 145.2 g/t silver. Hole LR007, a 100 metre step-out east, cut 7.0m at 0.8% copper, 0.7% lead, 2.9% zinc from 547.0m. At La Infanta, IN054 returned 3.2m
Drill results