A pour of gold at Pan African Resources’ Mogale Tailings Retreatment plant. The group intends to list on the Australian Stock Exchange on July 1, following its acquisition of Australila exploration company, Emmerson.
Image: Supplied
Pan African Resources said Thursday it had received admission to list on the Australian Stock Exchange (ASX) on July 1, 2026.
Following the proposed listing, Pan African's shares will continue to trade, as a dual primary issuer, on the London Stock Exchange and Johannesburg Stock Exchange (JSE). If shareholder approvals are received, the shares will trade on the ASX from July 1, 2026.
The planned ASX listing follows the announcement early in March 2026 and on May 8, 2026, regarding the proposed acquisition of 100% of the issued shares in Emmerson Resources, by way of an Australian Court approved scheme of arrangement.
The scheme of arrangement remains subject to several outstanding conditions, including approval of Emmerson shareholders at a meeting, Australian Court approval, and the satisfaction or waiver of certain other conditions. The scheme meeting is scheduled for June 15, 2026.
Last week, Pan African Resources said it expected to reach its record gold production target for the financial year to June 30, by increasing gold output by some 40% year-on-year.
The company had said in an update annual gold production is expected to increase by 40% to about 275,000 ounces, in line with the lower end of the 2026 financial year production guidance of 275,000 ounces to 292,000 ounces.
Second half gold production had increased materially to 147,000 ounces from 128,296 ounces in the first quarter. A strong operational performance from the South African portfolio offset the slower-than-anticipated production ramp-up from Tennan Mines in Australia.
Reports suggest Pan African’s market capitalisation will put it among the top ten gold stocks on the ASX. The Emmerson acquisition, via an all-share deal valued at about AU$311 million and which transitions Emmerson from explorer to producer, will also give the group control of Emmerson’s 1,700 square kilometres of tenements in the NT’s Tennant Creek mineral field.
Pan African Resources’ share price fell 0,62% to R22,50 on the JSE Thursday afternoon, but the price is almost double the R11,45 it traded at a year before.
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