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Alto
WRITTEN BY Aaliyah Rogan

Patronus purchases stake in Alto Metals

Patronus Resources (ASX:PTN) has acquired 60.76 million shares in Alto Metals (ASX:AME) as a strategic investment. 

The shares equals 8.42% in Alto Metals, which is a Western Australian gold explorer that holds a land position of over 740km2.

Meanwhile, Deutsche Balaton / Delphi, which holds 42.35% of Patronus’ shares, also holds 72.07 million shares in Alto Metals. 

Patronus, which has a market capitalisation of $96.6 million, says its stake in Alto combined with Deutsche equals 18.41%. 

Patronus Resources is a mineral explorer focused on its portfolio of assets in Western Australia and the Northern Territory. The company is focused on exploring and strategically acquiring gold and base metal projects. 

Write to Aaliyah Rogan at Mining.com.au   

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Written By Aaliyah Rogan
Originally from New Zealand, Aaliyah brings several years of experience covering the resources sector, with a focus on companies, commodities and global mining markets. Her reporting has spanned European markets and the evolving global mining landscape, with a focus on the stories and market forces driving change across the sector.

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