Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Empire Metals Limited LSE:EEE London Ordinary Share VGG3036T1012 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 1.25 400 07:46:53
Bid Price Offer Price High Price Low Price Open Price
1.20 1.30 1.25 1.25 1.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -2.33 -0.18 5
Last Trade Time Trade Type Trade Size Trade Price Currency
11:17:43 O 400 1.20 GBX

Empire Metals (EEE) Latest News

More Empire Metals News
Empire Metals Investors    Empire Metals Takeover Rumours

Empire Metals (EEE) Discussions and Chat

Empire Metals Forums and Chat

Date Time Title Posts
28/6/202209:59SEE IT's A SPOOF159
23/6/202207:38Empire Metals the next chapter of GEO Part 23,188
20/6/202207:19EMPIRE METALS - HIGH GRADE GOLD FOR 2022168
09/5/202209:11New Name hopefully better end game75
03/5/202217:39Engel East Europe816

Add a New Thread

Empire Metals (EEE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:17:441.204004.80O
2022-06-27 15:06:031.20125,0001,500.13O
2022-06-27 15:06:021.20125,0001,500.13O
2022-06-27 15:05:401.202002.40O
2022-06-27 14:41:251.203293.95O
View all Empire Metals trades in real-time

Empire Metals (EEE) Top Chat Posts

DateSubject
28/6/2022
09:20
Empire Metals Daily Update: Empire Metals Limited is listed in the Mining sector of the London Stock Exchange with ticker EEE. The last closing price for Empire Metals was 1.25p.
Empire Metals Limited has a 4 week average price of 1.18p and a 12 week average price of 1.13p.
The 1 year high share price is 2.70p while the 1 year low share price is currently 0.93p.
There are currently 427,323,618 shares in issue and the average daily traded volume is 1,701,298 shares. The market capitalisation of Empire Metals Limited is £5,341,545.23.
24/6/2022
09:14
bspgamer: Let's see who progresses further, I'm more than happy to have a gentlemen's bet with you. We have 2.7 million in the bank and drilling assets and running magnetic air surveys as we speak. EEE reported its financial year end accounts today. They are hiding nothing from the market. Why are EUA delaying theirs, what are they trying to hide?
22/6/2022
07:57
1liam: Wow another RNS, desperate times? BODs will post anything to keep the share price up. It's clearly overvalued
20/6/2022
07:19
bspgamer: Empire Metals Limited Exploration Activities Commence: Pitfield ProjectSource: UK Regulatory (RNS & others)TIDMEEERNS Number : 3683PEmpire Metals Limited20 June 2022To view the announcement with the illustrative images please use the following link: http://www.rns-pdf.londonstockexchange.com/rns/3683P_1-2022-6-17.pdfEmpire Metals Limited / LON : EEE / Sector: Natural Resources20 June 2022Empire Metals LimitedExploration Activities Commence at the Pitfield Copper-Gold Projectfollowing the confirmation of strong magnetic stratigraphy/alterationEmpire Metals Limited (LON: EEE), the AIM-quoted resource exploration and development company, is pleased to announce the commencement of its exploration activities at the 615km(2) Pitfield Copper-Gold Project ('Pitfield'), located in Western Australia.
19/5/2022
08:12
manual dexterity: Share price collapsing. Have to let sellers clear now 40% below placing and almost 50% below peak. Wow.
16/5/2022
10:22
seanlander: Let me get this investing strategy correct. Good drill results - share price goes down?Average drill results - share price still goes down...So we must be looking for bad drill results!Something fishy here...I'm sure this will soon reflect the full picture which overall shows good promise and needs further investigation. Still massively undervalued... time will pay some good returns. aimho
10/5/2022
08:16
1liam: Bspgamer, Money is very emotive, especially when the share price continues to gear down.
27/4/2022
07:33
seanlander: Maybe this is the big reveal explaining why the share price has doubled in the last few weeks? Glah
21/4/2022
11:34
supercity: 4 positive rns's in the past 4-5 weeks.Share price has been slow to digest the news and now waking up
16/3/2022
08:28
bspgamer: Keep the right side of this Empire "...With a new position in one of the world's most prolific gold regions, and a busy few months ahead, Empire is one to watch this year..." Gold exploration and development company Empire Metals (AIM:EEE) continues to consolidate its presence in Western Australia, having pivoted over the past two years from a long-time focus on mines in the Caucasus.The company changed direction in 2020, dropping its previous flagship asset, a 50pc interest in the Bolnisi Copper and Gold Project in Georgia, after a long running dispute with the Georgian National Agency of Mines over the extent of the licence, and acquiring a 75pc interest in the Eclipse Gold Project, a historic mine located 55 km north-east of Kalgoorlie, which has recorded historic production of 954 tonnes at 24.6 g/t gold. A 2014 drilling programme identified high-grade mineralisation within a 30 metre zone either side of the main Eclipse shaft, and soil surveys indicated elevated gold concentrations in portions of the Project's mineralised system.Empire sharpened its new focus on Australia last May, taking a 75pc option interest in the Central Menzies Gold Project 90 km north-west of Eclipse. The Project, comprising four exploration licences covering a granite-greenstone belt within the Menzies Shear Zone, is close by the 320,000 oz Menzies Gold Project operated by ASX-listed Kingswest Resources, and directly south along strike from the 15 kilometre Yunndaga line of workings, which has a historic metal inventory of 1.1 Moz of gold. The agreement gave Empire a nine-month option period.Strategic adjustments Two phases of reverse circulation drilling at Central Menzies last year indicated a significant gold anomaly identified along a 500 metre strike length, while drilling at Eclipse sought to test the extent of previously identified mineralised systems. By July Empire had drilled 19 holes and three core diameter drill holes, discovering 'several parallel veins in addition to the main Eclipse vein', and confirming intercepts from previous drilling. In August the company refined its Eclipse drilling strategy after finding the main gold mineralisation at the mine to be more prevalent at depth and 'perhaps orders of magnitude larger than originally anticipated.' Rather than moving ahead directly to a small-scale open pit operation Empire would take time to recalibrate its programme 'with the objective of delivering a larger mineralised inventory'.The rethink presaged a significant adjustment in strategy this year. In January Empire published somewhat mixed news on December operations at Central Menzies. Although drilling had indicated the presence of gold mineralised zones, and intercepted quartz veins and alteration occuring along the contact between basalts and sediments, 'only a few of these intercepts [had] identified significant gold mineralisation extending into fresh rock'. A few days later the company said it had agreed Heads of Terms to enter into a Tribute Agreement with Maher Mining Contractors Pty Ltd, giving Empire the right to explore, develop and mine within a granted area on Maher's Gindalbie Gold Project, located near the historic gold mining town of Gindalbie, adjacent to the Eclipse Gold Project. The Gindalbie project area would increase Empire's mineralised footprint around Eclipse by more than 200pc, taking it to a total of 943 hectares, and extend the current area for exploration targets a further 2 km along the Eclipse lodes trend, and 1 km to the north and 3 km to the south. Gindalbie was an active gold mining centre around the turn of the last century producing through the periods 1887 to 1913 and the late 1930s to the early 1940s. Total recorded production to the end of 1913 was 44,622 tonnes of ore for 40,643 oz gold (at an average grade of 28.33 g/t gold). With its new acquisition Empire would be able to target 'significant additional high-grade gold targets to be evaluated within the combined Eclipse-Gindalbie area, both along the southeast strike extension of the Eclipse trend and in sub-parallel northwest-southeast trends lying to the northeast and southwest of the Eclipse trend'. Under the agreement, for which binding terms were signed last month, Empire will pay AUD$250,000 for an initial six-month exploration term.Drilling gets underway at Gindalbie Empire went on to announce an initial drilling campaign at Gindalbie, to be pursued in conjunction with a new phase of exploratory drilling at Eclipse, both of which 'will be implemented over the coming weeks'. The Eclipse programme, which will employ both reverse circulation and diamond drill holes, is designed to gather further geological and structural information around the Project's Eclipse and Jack's Dream shafts, and test for both high grade gold mineralisation at depth and continuity of the mineralisation between the previous high grade drilling intercepts. The current Eclipse database shows only 20pc of the reverse circulation holes drilled to date have penetrated below the gold-depleted regolith zone into fresh rock. Previous drilling indicates that gold mineralisation likely continues to greater depths, and that further drilling is warranted to test the strike and depth extensions of multiple gold structures at Eclipse.Reverse circulation drilling at Gindalbie will seek to extend the mineralised trend a further 2 km to the southeast of Eclipse and to understand the extent and origin of what the company believes to be 'a much larger gold system'. Last month Empire said exploratory drilling campaign at the location was now underway, testing for high-grade gold lodes within the transition and fresh rock, immediately below or adjacent to several of the historic mine shafts. The programme consists of 16 reverse circulation holes for 1,610 metres, drilled on the back of the reverse circulation drill campaign at Eclipse, which has also started. Empire hopes that by building a better understanding of the structural geology at Eclipse, and targets along the mineralised trends traversing the Gindalbie project area, the company will be able to develop 'a comprehensive and targeted exploration plan for both the Eclipse and Gindalbie projects with a view to moving rapidly to a development phase'.The company's inauguration of the Eclipse-Gindalbie campaign was accompanied by news that it had decided not to take up the option for the Central Menzies project. Results so far had been 'generally inconclusive, with no obvious continuity along strike and no significant high-grade intercepts'. Empire will now focus on the known high-grade gold assets centred around the Eclipse-Gindalbie project area 'as well as look for further acquisitions within Australia'.The year ahead Empire remains funded for exploration over the coming months with some £2.1m in current cash reserves, boosted by the current favourable exchange rate between Sterling and the Australian dollar. The company now seems fully reoriented towards Australia, clarifying the nature of the opportunity at around Eclipse, and embarking upon a programme to open it up. (It's worth noting Empire also holds a portfolio of three precious metals projects in central-southern Austria, which may come into play depending on its progress in Australia.)Empire's share price fell all the way from 25p to 1p after its Georgian venture run aground, but has shown signs of picking up again at it has doubled down on the Eclipse-Gindalbie prospect. The price is currently around 1p, spiking at 1.50p just a month ago. With a new position in one of the world's most prolific gold regions, the price of gold surging with war waging in the Ukraine, and a busy few months ahead, Empire is one to watch this year
01/9/2021
07:22
bspgamer: DATE01.09.21The New Empire – Part I "...with the share price once again at rock bottom Empire may still be one to watch if it can find a way of taking advantage of at least one of the several new opportunities it has given itself by undertaking the difficult process of change..." The tough process of transformation embarked upon by gold miner Empire Metals (AIM:EEE), attempting to pivot from a long-time focus on Georgia to fresh assets in Western Australia, has tested the patience of investors. The company's share price has fallen away dramatically over the few years, and its most recent operations update on its flagship Australian venture disappointed many investors. But with a new position carved out in a highly prospective region there may yet be grounds for believing Empire can reinvent itself.The company's previous flagship, a 50pc interest in the Bolnisi Copper and Gold Project in the Caucasus mountains, had been sunk by a long running dispute with the Georgian National Agency of Mines over the extent of the licence. After protracted negotiations with prospective buyers, Empire finally reached an agreement this year to sell its holding for $3.3m to project partners the Caucasian Mining Group.New horizons Messy as it may have been, the sale injected a vital shot of capital into the company's efforts to reorient itself towards Western Australia. Last year Empire took its first big step on its new path by acquiring a 75pc interest in the Eclipse Gold Project, centred on a historic mine located 55 kilometres north-east of Kalgoorlie. The mine, which has changed hands several times since the turn of the last century, was sunk to its current depth of 78 metres in 1910, and has recorded historic production of 954 tonnes at 24.6 g/t gold for 754.25 oz gold. Sporadic re-exploration since the 1990s has hinted at the mine's continued potential. A 2014 drilling programme identified high-grade mineralisation within a 30 metre zone either side of the main Eclipse shaft, and soil surveys have indicated elevated gold concentrations in portions of the Project's mineralised system. Two additional targets have also been identified, the Houdini and Easy prospects, north-west of the main Eclipse shaft. Empire completed a placing last November to raise £2m to support exploratory drilling.Reverse circulation (RC) drilling at the Eclipse shaft and the Houdini prospect last autumn recorded intercepts including 14 metres at 3.78 g/t gold from 22 metres, including 1 metre @ 21.4 g/t gold, and 1 metre @ 16.65 g/t gold, and a second phase early this year confirmed several veins running in parallel to the main Eclipse vein, including an anomalous stockwork style of near-surface mineralisation in the vicinity of old workings called Jack's Dream.Empire doubled down on its Australian focus in May, when it took a controlling interest – also 75pc – in the Central Menzies Gold Project 90 km north-west of Eclipse. The Project, comprising four exploration licences covering a granite-greenstone belt within the Menzies Shear Zone, is circled by the 320,000oz @ 2.1g/t gold Menzies Gold Project operated by ASX-listed Kingswest Resources, and is directly south along the strike of the 15 kilometre Yunndaga line of workings, which has a historic metal inventory of 1.1 million ounces (Moz) of gold. Historic drilling at Eclipse undertaken by previous owner Mel Dalla-Costa, a well known figure on the Western Australian gold scene, encountered several high-grade intercepts including 5 metres @ 19.59 g/t gold from 30 metres, and 3 metres @ 5.15 g/t gold from 35 metres. Under the agreement Empire will spend AUD$500,000 on exploration at Central Menzies within a nine-month option period, with the right to exercise the option for AUD$1.75m in cash and AUD$1.25m worth of shares.Empire pursued another prospect in the region last year, signing a Binding Heads of Agreement with ASX-listed Artemis Resources Limited to acquire a 41pc interest in the Munni Munni Palladium Project in West Pilbara, a 64 km2 exploration licence with a JORC-compliant Resource of 24Mt @ 2.9 g/t Platinum Group Element (PGE) and gold. Empire undertook a brief drilling programme last June, but as with its former Georgian assets, Munni Munni has been troubled by ownership issues. Last summer Artemis was served a writ of summons by its joint venture partner Platina Resources Limited, which claimed that the agreement with Empire breached the terms of the venture. Artemis is defending its position against Platina's claim in an ongoing dispute.Empire changed its leadership in June to reflect its new Western Australian focus, appointing Shaun Bunn as Managing Director, a metallurgist with more than 25 years' experience in the region's gold mining sector.This summer's drilling The company has made progress at both Eclipse and Central Menzies this summer. It started exploring Central Menzies, aiming to verify the RC drilling data it inherited, and to acquire fresh geophysical survey data. Last month Empire reported that soil sampling and analysis of historic drilling data had identified two mineralised corridors with elevated gold concentrations, allowing the company to design a 2,100 metre drilling campaign expected to be completed later this month. Empire anticipates 'adding further drilling targets to the development plan as we complete ... geochemical mapping'.This summer's drilling at Eclipse has sought to test the extent of previously identified mineralised systems, particularly around historic workings at Jack's Dream. In July Empire announced that 19 holes had been drilled for a total of 1,893 metres, and three core diameter drill holes for a total of 201.1 metres, discovering 'several parallel veins in addition to the main Eclipse vein', and confirming intercepts from previous RC drilling. Operations also revealed a previously unidentified mineralised lode, referred to as 'Twin Shafts', running sub-parallel to the Eclipse vein. Significant drilling intercepts included 5 metres @ 3.54 g/t gold from 126m downhole at Jack's Dream, 4 metres @ 4.78 g/t gold from 66 metres downhole at Twin Shaft, and 2 metres @ 3.65 g/t gold from 53 metres downhole at Eclipse.But late last month a long, and rather cautiously worded, update announced a shift of focus. Of the more than hundred drill holes drilled over three exploratory programmes over the past 12 months, only eight had encountered significant gold intercepts within the oxidised zone within 30 metres of surface along strike from the main Eclipse shaft. The company now thinks 'the main gold mineralisation at Eclipse is more prevalent at depth' and 'is perhaps orders of magnitude larger than originally anticipated.' It therefore 'believes that the development of a small-scale open pit operation is not the optimum path for unlocking the value of Eclipse, and may ultimately lead to the sterilisation of the higher value gold mineralisation within the high-grade primary lodes and supergene enrichment near the base of weathering.' Further drilling will be necessary to 'expand the exploration and development focus on the wider potential that is offered by combinations of the Eclipse lode with the Jack's Dream extension and Twin Shaft lode with the objective of delivering a larger mineralised inventory to advance towards feasibility stage'. A subsequent update stated that 'we are completing our initial assessment of the small-scale mining opportunities at our Eclipse Gold Project' and expects to provide a technical update shortly.Looking ahead The change of plan left the markets uncertain about the company's ability to execute and fund drilling at greater depth, the cash generated from the sale of its Georgian assets notwithstanding. Empire's last set of results, published in April, prior to the sale, stated a cash position (as at 16 April 2021) of £1.23m. A year-end loss of £572,989 was reported (31 December 2019: £675,592).Empire's share price has been battered over the past few years as its Georgian venture has run aground, and investors are yet to be convinced it can successfully engineer its shift in focus. Riding high at 25p four years ago, the company's stock price nosedived to just over 1p as its Caucasian venture foundered. The price rallied somewhat last year as the company made efforts to reinvent itself, entering 2021 at 4.6p. But after the mixed news from Eclipse it was back down to 1.65p at the time of writing. Earlier this week Empire's directors tried to shore up confidence – and perhaps quash rumours of a further placing – by increasing their stake.Current and prospective Empire investors understandably want results sooner rather than later in Australia after several frustrating years. Empire must demonstrate it has a convincing and affordable plan if it is going to have an opportunity to realise Eclipse's potential. But if it can forward a plausible programme a case can still be made that the company may come good. It has taken action to extricate itself from its Georgian difficulties, staking out a new position in one of the world's most prospective gold regions. It is embarking on initial drilling at Central Menzies later this month. Eclipse still looks good on paper. And at some point there may be a positive update regarding the Munni Munni prospect. There are a lot of 'ifs'. But with its share price once again at rock bottom Empire may still be one to watch if it can find a way of taking advantage of at least one of the several new opportunities it has given itself by undertaking the difficult process of change.Managing Director Shaun Bunn joins us for a podcast interview to expand further in "The New Empire – Part II" later this week...
Empire Metals share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
LSE
EEE
Empire Met..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220628 12:37:18