Emergent Resources Limited announced a Target Mineralisation of between 500 million to 600 million tonnes grading between 25% to 30% Iron at its flagship Beyondie Iron Project in Western Australia's mid-west iron ore region, and the Company will commence its next phase of drilling at the project this month to upgrade the target mineralization to 1 billion tonnes of continuing comparable grade Iron to that already reported.

The Target Mineralization was based on geological modeling from drilling completed at the Beyondie Project to date and was determined as part of the Independent Mineral Resource Estimate at Beyondie, and helps confirm the large scale potential of the project. The target mineralization tonnage and grade is conceptual in nature in that there has been insufficient exploration at this stage to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a mineral resource The Target Mineralization figure follows the earlier announced confirmation of the maiden JORC Resource of 127Mt @ 28.15%Fe at the project, which continues Emergent's rapid progress in its exploration and development of the project since the Company listed on the ASX last August.

The next drilling program at Beyondie is scheduled to commence on July 27. The Company plans to drill 36 RC holes and 6 HQ Diamond Core holes for 5,000 meters in this campaign and it will focus on expanding the Target Mineralization to 1 billion tonnes and expanding the size and category of the JORC Resource at the project. The diamond drilling will confirm the nature and geometries of the iron-rich host rock, and provide suitable samples for metallurgical studies commencing in earnest.

The Target Mineralization has been estimated from an 11km portion of strike length at Beyondie that has been drilled to date, out of a current total known strike length of 45 kilometer which remains open at depth and along strike. Emergent is focused on establishing a resource of over 1 billion tonnes from the western third of the deposit in the short term.

Mr Garry Hemming MD of Emergent said that "The Target Mineralization confirmed by Independent Geologists continues to validate our belief in the long term, large scale potential of the Beyondie Project as a magnetite iron mining operation, and we look forward to the results of our next phase of drilling aiming to expand the Target Mineralization to 1 billion tonnes."