공지 • Mar 09
Pan African Resources PLC (LSE:PAF) agreed to acquire Emmerson Resources Limited (ASX:ERM) from Noontide Investments Ltd, TA Private Capital Security Agent Ltd and others for approximately AUD 290 million. Pan African Resources PLC (LSE:PAF) agreed to acquire Emmerson Resources Limited (ASX:ERM) from Noontide Investments Ltd, TA Private Capital Security Agent Ltd and others for approximately AUD 290 million on March 9, 2026. The consideration consists of common equity of Pan African Resources PLC at a ratio of 0.1493 per common equity of Emmerson Resources Limited. As part of consideration, an undisclosed value is paid towards common equity of Emmerson Resources Limited.
The transaction is subject to approval of merger agreement by target board and approval of offer by target shareholders. The Scheme Meeting of Emmerson shareholders to approve the Scheme is expected to be held in mid-late June 2026. Subject to the conditions of the Scheme being satisfied, or waived, the Scheme is expected to be implemented in early-mid July 2026.
Barrenjoey Capital Partners acted as financial advisor for Pan African Resources PLC. Canaccord Genuity Limited acted as financial advisor for Pan African Resources PLC. Peel Hunt LLP acted as financial advisor for Pan African Resources PLC. Corrs Chambers Westgarth acted as legal advisor for Pan African Resources PLC. Druces LLP acted as legal advisor for Pan African Resources PLC. 공지 • Sep 22
Emmerson Resources Limited, Annual General Meeting, Nov 20, 2025 Emmerson Resources Limited, Annual General Meeting, Nov 20, 2025. 공지 • Jun 20
Emmerson Resources Limited Announces Board Changes Emmerson Resources Limited announced that following the changes to the Board in mid-March 2025 when Mark Connelly joined the Company as Non-Executive Chair (NEC), additional changes to the board have been made. As foreshadowed in March, following the smooth transition to Mark Connelly as NEC, Andrew McIlwain has retired from the board effective June 19, 2025. Additionally, to further streamline the board and reduce corporate overheads, Dr Allan Trench has also resigned as a Non-Executive Director effective June 19, 2025. 공지 • Mar 25
The Tennant Creek Alliance, Comprising Tennant Minerals Limited , Cufe Ltd and Emmerson Resources Ltd Provides an Update on the Alliance Activities in Tennant Creek, Barkly Region, Northern Territory The Tennant Creek Alliance, comprising Tennant Minerals Limited (TMS), CuFe Ltd. (CUF) and Emmerson Resources Ltd. (ERM) ("the Companies" & "the Alliance") provided an update on the Alliance activities in Tennant Creek, Barkly Region, Northern Territory. Since formation of the Alliance in October 2024, the Companies have been collaborating to evaluate the viability of a multi-user facility for processing of copper-gold-critical mineral resources from the Companies tenure in the region. The stated objectives of the Alliance includes, the joint evaluation by completion of a scoping study, to be followed by a pre- feasibility study (PFS), of processing options including a multi-user facility based in the Tennant Creek region. The Alliance technical teams have been active, with the following activities underway and/or complete using a combination of in-house technical teams and external consultants. The work streams include; Resource updates for: CUF- Orlando and Gecko deposits. Initial mineralisation models of: Bluebird deposit (TMS). Hermitage and Jasper Hills deposits (ERM). Option analysis for process plant location. Underground and open pit optimisations, mine design and scheduling. Metallurgical test work review and modelling, process plant flow sheet design and sizing. Logistical network evaluation and optimisation. Operational and capital cost estimates. Consolidation of shared resources across the assets to reduce both operational and capital costs Current gold and copper prices, as well as rises in the price of the critical minerals including bismuth and cobalt, combined with global demand trends, strongly support the ongoing evaluation of a shared processing facility model. The "stronger together" concept behind the Alliance is expected to allow the re-establishment of copper mining and processing in the region. This will be of immediate benefit to the Alliance stakeholders, the Barkly region and the Northern Territory. The Alliance reported that it has recently received a letter of support for its activities from the Mines Minister of the Northern Territory. The letter from Minister Maley indicates the Northern Territory Government's understanding of the potential of the project for delivering economic benefits to the region and to Australia. 공지 • Mar 22
Patronus Resources Limited (ASX:PTN) acquired 7.73% stake in Emmerson Resources Limited (ASX:ERM) for AUD 5.41 million. Patronus Resources Limited (ASX:PTN) acquired 7.73% stake in Emmerson Resources Limited (ASX:ERM) for AUD 5.41 million on March 21, 2025. A cash consideration AUD 0.11 per ERM share will be paid by Patronus Resources Limited. As part of consideration, an AUD 5.406 million value is paid towards 49.144 million common equity of Emmerson Resources Limited.
Patronus Resources Limited (ASX:PTN) acquired 7.73% stake in Emmerson Resources Limited (ASX:ERM) for AUD 5.41 million on March 21, 2025. Board Change • Feb 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Alan Tate was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Dec 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Alan Tate was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. 공지 • Dec 13
Emmerson Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million. Emmerson Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 90,909,091
Price\Range: AUD 0.055
Discount Per Security: AUD 0.0033
Transaction Features: Subsequent Direct Listing 공지 • Sep 27
Emmerson Resources Limited, Annual General Meeting, Nov 21, 2024 Emmerson Resources Limited, Annual General Meeting, Nov 21, 2024. Reported Earnings • Sep 14
Full year 2024 earnings released: AU$0.005 loss per share (vs AU$0.005 loss in FY 2023) Full year 2024 results: AU$0.005 loss per share (in line with FY 2023). Net loss: AU$2.94m (loss widened 14% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 18
First half 2024 earnings released: AU$0.003 loss per share (vs AU$0.002 loss in 1H 2023) First half 2024 results: AU$0.003 loss per share (further deteriorated from AU$0.002 loss in 1H 2023). Net loss: AU$1.89m (loss widened 109% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. New Risk • Mar 15
New major risk - Revenue and earnings growth Earnings have declined by 20% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.2m free cash flow). Earnings have declined by 20% per year over the past 5 years. Revenue is less than US$1m (AU$141k revenue, or US$93k). Minor Risk Market cap is less than US$100m (AU$28.3m market cap, or US$18.6m). 공지 • Sep 28
Emmerson Resources Limited, Annual General Meeting, Nov 16, 2023 Emmerson Resources Limited, Annual General Meeting, Nov 16, 2023, at 10:00 W. Australia Standard Time. Reported Earnings • Sep 28
Full year 2023 earnings released: AU$0.005 loss per share (vs AU$0.003 loss in FY 2022) Full year 2023 results: AU$0.005 loss per share (further deteriorated from AU$0.003 loss in FY 2022). Net loss: AU$2.59m (loss widened 72% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 10% per year. Reported Earnings • Mar 15
First half 2023 earnings released: AU$0.001 loss per share (vs AU$0.002 loss in 1H 2022) First half 2023 results: AU$0.001 loss per share (improved from AU$0.002 loss in 1H 2022). Net loss: AU$685.7k (loss narrowed 9.6% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 2% per year. 공지 • Feb 17
Emmerson Resources Limited Announces Drilling Underway for Copper-Gold at Kiola NSW Emmerson Resources Limited announced drilling underway for copper-gold at Kiola NSW. Emmerson's Kiola project is ranked as high-priority within our early-stage gold-copper projects in the NSW portfolio and is centred on the 15km2 Kiola Geochemical Zone (KGZ). It encompasses favourable Ordovician age rocks that display anomalously high gold and copper geochemistry plus historic workings. Recent work has confirmed that the KGZ contains many attributes of world class porphyry gold-copper mineralisation and is divided into a northern area centred on the Nasdaq skarn and southern area around the South Pole, Kiola and Right Hand Creek mine. Emmerson's multifaceted field program has included soil and rock chip geochemistry, with rock chip samples up to 19.6g/t gold and 2.16% copper. It has also utilised aspects of the Australian Research Council (ARC) Linkage project such as "green rock alteration" and age dating to refine the subsurface 3D model and provide vectors to the core of the copper and gold mineralisation. This has provided the framework for linking the surface geology and mineralisation within the 15km2 KGZ to a unifying model at depth. This large geophysical survey which also incorporates the reinterpretation of an existing VTEM survey (Versatile Time Domain Electromagnetic), was a significant investment which has produced some very exciting results. The copper and gold prospects at the surface are now interpretated as part of a much larger, potentially mineralised system that stretches over 5km from the Nasdaq skarn in the north to the Yards prospect in the south. Shallow historic drilling in this area has intersected copper and gold (KRC014: 6m at 0.2g/t gold from 36m and 24m at 0.16% copper from 16m) in a shallow reverse circulation drill hole. Drill hole (KProp1) will test a large, very strong, depth extensive chargeable and conductive zone that includes a VTEM anomaly at the surface. Whilst the proposed depth is 850m, the hole may be extended based on intersecting favourable geology and mineralisation. Keeping in mind that these porphyry copper-gold systems can be mined economically well below 1km from the surface - providing they are of the appropriate scale and grade. This is a new target that has seen no previous drilling and has very limited surface outcrop. It consists of a depth extensive, very large chargeable anomaly, that sits ~500m SW of the Dolly's North magnetic anomaly and adjacent to a deeper 3D magnetic model. Reported Earnings • Sep 25
Full year 2022 earnings released: AU$0.003 loss per share (vs AU$0.003 loss in FY 2021) Full year 2022 results: AU$0.003 loss per share (in line with FY 2021). Net loss: AU$1.51m (loss narrowed 4.5% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Board Change • Dec 31
High number of new directors Independent Non-Executive Director Alan Tate was the last director to join the board, commencing their role in 2021. Reported Earnings • Sep 25
Full year 2021 earnings released: AU$0.003 loss per share (vs AU$0.003 loss in FY 2020) Full year 2021 results: Net loss: AU$1.58m (loss widened 6.5% from FY 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 14
First half 2021 earnings released: AU$0.001 loss per share (vs AU$0.002 loss in 1H 2020) First half 2021 results: Net loss: AU$700.7k (loss narrowed 2.5% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 02
Full year earnings released - AU$0.0035 loss per share Over the last 12 months the company has reported total losses of AU$1.48m, with losses widening by 20% from the prior year.