Emmerson Resources to Transfer Northern Territory Gold Project to Tennant Mining Joint Venture; Shares Up 4%

MT Newswires Live

2025/09/11

Emmerson Resources (ASX:ERM) and Tennant Mining agreed to define White Devil gold project in the Northern Territory as a "major mine" in the firms' joint venture agreement, and subject to formal documentation, the project will be transferred to the venture, according to a Thursday Australian bourse filing.

Emmerson decided to contribute to the major mine joint venture and will retain a 40% stake.

The Golden Forty gold project, also located in the Northern Territory, was transferred into the small mines joint venture, where Tennant Mining gained 100% control of the development, with Emmerson receiving an uncapped 6% gross production royalty on any gold produced, per the filing.

Tennant Mining is now a wholly-owned subsidiary of Pan African Resources.

Emmerson's shares rose past 4% in recent trading on Thursday.

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