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Patronus Resources Expands NT Exploration with Emmerson Stake

Fri 21 Mar 25, 12:20 AM | Team Kalkine

Image source: Shutterstock

Highlights

Patronus Resources acquires a 7.73% stake in Emmerson Resources for AU$5.406 million, purchasing 49.14 million shares at AU$0.11 each.

The investment aims to advance gold and copper exploration in the Tennant Creek region of the Northern Territory.

Emmerson’s portfolio includes 866,000 ounces of gold, enhancing its appeal for potential M&A opportunities.

Patronus Resources (ASX:PTN) has strengthened its footprint in the Northern Territory's mineral exploration sector with a strategic 7.73% investment in Emmerson Resources (ASX:ERM). This move aligns with Patronus’ broader exploration ambitions, particularly in gold and copper.

The AU$5.406 million acquisition, announced on Friday, involved 49.14 million shares at AU$0.11 each. Patronus cited recent corporate activity in the region as a key factor influencing the investment decision.

Emmerson’s Strong Portfolio & M&A Potential

Emmerson holds an 866,000-ounce gold resource within its Tennant Creek tenements, making it a strategica asset in the NT’s exploration landscape. The company’s growing interest in gold and copper projects further solidifies its position as a prime candidate for mergers, acquisitions, and corporate partnerships.

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