Patronus Resources Expands NT Exploration with Emmerson Stake

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

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 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.

This investment complements Patronus' existing Northern Territory project, which spans 1,500 square kilometers in the Pine Creek Orogen—a region renowned for its gold and uranium deposits.

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