Emerald Resources continues to emerge as one of the standout gold companies on the ASX — along with the likes of West African Resources and Perseus Mining — with strong internally funded growth ahead and future dividends flagged.

Two new mines tripling output and an ambition to become a dividend player in the next couple of years are the ambitions of the Cambodia gold miner run by Morgan Hart

And, as stipulated by Hart at the Diggers & Dealers conference in Kalgoorlie this week, Emerald won't be going back to the equities market to realise his ambitions.

However, the company may take on some debt at some point.

Emerald currently has about A$170 million cash and expects to add $25 million per quarter to that position from the 110-120,000oz per annum Okvau operation, even after big exploration campaigns.

Hart believes Emerald's Dingo Range (north of Leonora-Laverton) could ultimately have the multi-million-ounce credentials of the Duketon Belt — as per his and management's previous experience at Regis.

A resource for Dingo Range is expected in the next 2-3 months, with very attractive open cut grades in the vicinity of 2 grams per tonne gold being sought.

Dingo Range came out of the recent completion of the Bullseye M&A.

Having an Australia-located asset paves the way for franking credits as dividends come on the horizon. 

Meanwhile in Cambodia, Hart believes the Mermot development opportunity could have open-pit grades in the range of 5-6 grams per tonne.

 A "very large" resource estimate is on its way, while Hart suggested another promising prospect was emerging on Emerald's ground in the region given artisanal mining by 90 family groups ala what happened at Okvau and Mermot.