Ann: PTN acquires substantial interest in Emmerson, page-2

7.73%










• Purchase of Emmerson's stake - puts PTN as 2nd Largest Shareholder, first non-institutional.
• PAN's CIL plant due for completion 2Q 2025.
• Lots of interest in the TC area & Emmerson appear to be one of the more significant players.
• Little doubt this is the consolidation entity for an emerging gold major - Leonora, Matsa bid, Pine Creek Area, Tennant Creek Area, Kadungle, Wellington, Kiola - WA, NT, NSW.
Going to have a spend a bit more than the 5 minutes above as the tenement footprint (gold) PTN have exposure to is significant & just seems to keep growing.