I had not considered the possibility that EMR might look to...

I had not considered the possibility that EMR might look to acquire it further down the road, it is certainly possible.

The Graphic on page one of the presentation from Aug 2023 here
https://goldenhorseminerals.com/wp-content/uploads/2023/08/GHM-Acquisitions-August-23-Final.pdf

Explains why GHML were keen to acquire the former Bullzeye tenements. Since that graphic was done they have also acquire options on the bullfinch and nickelgraph tenements that are marked. The legend shows the bullzeye tenements in dark red. Broken hills metals (in light green) was a subsiduary of Bullzeye and hence now also in EMR control and therefore is also now owned by GHML.

I note that GHML initially mooted their intention to dual list on the ASX back in OCT, so they have been planning this for a while.