12:16 PM EST, 02/03/2025 (MT Newswires) -- Emerita Resources ( EMOTF ) on Monday shared its outlook on the expected developments for the coming year.

Emerita intends to "maintain its momentum" of adding resources to its IBW Project. Several milestones are expected to be achieved that are expected to bolster the project's value as the company moves towards a development decision.

The company also expects to publish the results of its updated Mineral Resource Estimate for the IBW Project before the end of Q1-2025. This updated MRE will incorporate the company's most recently announced metallurgical results for La Romanera deposit, as well as for La Infanta and El Cura deposits.

In 2024, Emerita estimated significant improvement in precious metal recoveries compared to the assumptions used in project's 2023 MRE from 20% gold recovery to 64% gold recovery. The higher estimates are expected to add mineral resource tonnage within La Romanera for zones that may contain lower base metal content (i.e. lead, zinc, copper) but high gold content.

The company expects to complete a Preliminary Economic Assessment (PEA) in 2025 to better demonstrate the project's economic potential. This will build upon the results of the MRE.

The Nuevo Tintillo Project is comprised of 6,875 hectares of landholdings within the Iberian Pyrite Belt. In 2024, the Company conducted grassroots exploration which included mapping, sampling and exploratory drill testing. This resulted in the discovery of several areas of gold-bearing surface gossans and breccias with numerous samples collected as high as 3.37 g/t Au making Nuevo Tintillo "a key addition to Emerita's stable of prospective projects."

The company is currently planning to expand its exploration efforts in 2025, starting with geophysical surveys in Q1 that will help in the continued target generation process, in addition to further prospecting. Results of this work will build a basket of targets to consider for a diamond drilling program.

The company has numerous applications for tenure that are expected to be granted in 2025. This would expand the project's footprint from 6,875 hectares to 7,625 hectares.

Emerita shares were last seen up $0.03 to $1.21 on the TSX Venture Exchange.

Price: 1.21, Change: +0.03, Percent Change: +2.54