Emerita Resources Files Supporting Documentation For Exploitation Licence For The IBW Project
Emerita Resources Files Supporting Documentation For Exploitation Licence For The IBW Project
Toronto, ON – December 4, 2023 – Emerita Resources Corp. (“Emerita” or the “Company”) (TSX-V: EMO;
OTCQB: EMOTF; FSE: LLJA) announces that through its wholly-owned Spanish subsidiary, Emerita Resources
España S.L.U., it has submitted all the required documentation (the “Supporting Documentation”) to support
its application to the “Delegación Territorial de Energía y Minas in Huelva province, Junta de Andalucia” for
an exploitation licen ce (the “ Exploitation Licence”) for Emerita’s wholly -owned Iberian Belt West project
(“IBW” or the “ Project”). Please see the Company’s September 12, 2023 press release for further details
regarding the Company’s application for the Exploitation Licence.
The Supporting Documentation includes all (i) technical aspects for mining and processing at the IBW
Project, as well as associated infrastructure, equipment and tailings storage facilities in order to build and
operate a mine; and (ii) a restoration plan . Although the Exploitation Licence application and Supporting
Documentation is thorough with all technical aspects of the Project necessary to receive the appropriate
approvals from the Spanish authorities, it has not been prepared in compliance with National Instrument
43-101 (“NI 43-101”) and, consequently, economics for the Project cannot be disclosed at this time. The
Supporting Documentation , including the environmental parameters, basic engineering, along with a
revised mineral resource estimate incorporating new drill results, will comprise the basis for a NI 43 -101
compliant economic study in the first half of 2024.
The Exploitation Licen ce in Spain, when granted, has a 30 -year term and can be extended for two
subsequent 30-year periods.
According to Joaquin Merino, P.Geo., President of Emerita, “The submission of this detailed documentation
in support of the Exploitation Licence application marks an important milestone for Emerita. We are
moving from a purely exploration focused endeavor to a development company with an asset that merits
proceeding with detailed engineering studies and demonstrates our intention to commit to a very long
term investment in Huelva Province. We are very excited to take the IBW Project to the n ext phase in its
development. We have had several very productive meetings with senior Government officials in Huelva
Province, and are highly encouraged by the support and advice they have imparted.”
Qualified Person
Scientific and technical information in this news release has been reviewed and approved by Mr. Joaquin
Merino, P.Geo., President of the Company and a Qualified Person as defined by NI 43-101.
About Emerita Resources Corp.
Emerita is a natural resource company engaged in the acquisition, exploration, and development of mineral
properties in Europe, with a primary focus on exploring in Spain. The Company’s corporate office and
technical team are based in Sevilla, Spain with an administrative office in Toronto, Canada.
For further information, contact:
Ian Parkinson
+1 647 910-2500 (Toronto)
www.emeritaresources.com
Cautionary Note Regarding Forward-looking Information
This press release contains “ forward-looking information ” within the meaning of applicable Canadian
securities legislation. Forward -looking information includes, without limitation, statements regarding the
Exploitation Licence, the Supporting Documentation, the Company’s ability to obtain the Exploitation
Licence, the mineralization and prospectivity of the Project, the Company’s exploration and exploitation
plans, permitting for the Project, the commercial viability of the Project and the Company’s future plans.
Generally, forward-looking information can be identified by the use of forward-looking terminology such as
“plans”, “expects” or “does not expect ”, “is expected ”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or
state that certain actions, events or results “ may”, “could”, “would”, “might” or “will be taken”, “occur” or
“be achieved”. Forward- looking information is subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or achievements of Emerita, as the
case may be, to be materially different from those expressed or implied by such forward-looking information,
including but not limited to: general business, economi c, competitive, geopolitical and social uncertainties;
the actual results of current exploration activities; risks associated with operation in foreign jurisdictions;
ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent
in the mining industry. Although Emerita has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking information, there may be other factors
that cause resul ts not to be as anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers shoul d not place undue reliance on forward -looking
information. Emerita does not undertake to update any forward -looking information, except in accordance
with applicable securities laws.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN
THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY
OF THIS RELEASE.