Patronus Resources Limited · ASX:PTN
Patronus Resources — Investor Presentation (June 2020)
20 slides from Patronus Resources's investor presentation, Jun 19, 2020
Slide 1: Increasing the momentum at Cardinia…
ASX: KIN Increasing the momentum at Cardinia… New discoveries 45,000m of drilling planned for 2H 2020, $9.9m Multi-pronged exploration program rights issue and exploration strategy update Belt-scale potential Investor Presentation – June 2020 │ Andrew Munckton, Managing Director
Slide 2: Disclaimer
Disclaimer This presentation is not a prospectus nor an offer for securities in any jurisdiction nor a securities recommendation. The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions in connection
Slide 3: Kin Mining – A New Chapter of Growth and Opportunity
Kin Mining – A New Chapter of Growth and Opportunity • 100%-owned Cardinia Gold Project, Western Australia • Strategic 436km2 land package 30km from Leonora – a Tier-1 Australian gold mining district (multi-million ounce deposits) • Existing 945koz JORC Resource hosted in supergene and deeper primar
Slide 4: Corporate Overview
Corporate Overview ASX: KIN Shareholders Share price (12 June 2020) A$0.125 3% 29% Ordinary shares on issue 629.7M Retail Investors Options (exercise $0.75 - $1.25) 19.0M Directors Market capitalisation (undiluted) $78.7M High Net Worths 2% Institutional Cash (31 Mar 2020) $2.8M* 66% Debt Nil Liquid
Slide 5: Technical and Geology Team
Technical and Geology Team Technical Management • Geologist with 35+ years experience, technical and operations, underground and open pit Andrew Munckton • Previous Managing Director of Avalon Minerals, General Manager Gindalbie Metals Managing Director and CEO • Previously General Manager of Operat
Slide 6: The Opportunity – Minerie Greenstone Belt, WA
The Opportunity – Minerie Greenstone Belt, WA • Controlling 436km2 land-holding in an under-explored greenstone belt, which has yielded multiple discoveries • Exploration over the past decade has focused on areas around the known deposits, limited by a strategy of seeking to “feed the mill” with sha
Slide 7: Cardinia – Cracking the Geological Code
Cardinia – Cracking the Geological Code • Over 60% of Kin’s tenure is under recent transported cover and has seen little previous modern exploration – shallow alluvial and sheet-wash cover conceals potential deposits • Using new, high-quality assay methods, Kin has undertaken 4,200 auger samples acr
Slide 8: Cardinia – Cracking the Geological Code
Cardinia – Cracking the Geological Code • Cardinia is an extensive sulphide mineralised system characterised by substantial high-grade gold zones within broader zones of alteration containing lower-grade material • Gold has a very strong association with Silver (Ag), Arsenic (As), Rangoon Antimony (
Slide 9: Cardinia – Multiple Projects Advancing in Parallel
Cardinia – Multiple Projects Advancing in Parallel • RC and AC drilling from December 2019 to May 2020 has advanced several targets and prospects Hobby • These will be a focus on the Phase 3 work at Cardinia commencing in late June • RC drilling and diamond drilling targeting maiden Mineral Triangle
Slide 10: Cardinia – Multi-Element Geochemistry
Cardinia – Multi-Element Geochemistry • Strong association between sulphides and gold mineralisation Hobby Faye Marie at Cardinia • Extensive auger sampling identified several large, coincident anomalies for gold and a suite of “pathfinder” metals Nevertire East Lynne • Sulphides containing gold and
Slide 11: Early Exploration Breakthroughs
Early Exploration Breakthroughs Three significant new shallow discoveries made in December 2019 air-core drilling program have been followed up with recent RC drilling. Further RC and Diamond drilling is planned • Comedy King: • 4m @ 113 g/t Au from surface (CK20AC193) • 2m at 8.1 g/t Au from 37m (C
Slide 12: Cardinia Hill – Broad, Shallow Gold Intercepts
Cardinia Hill – Broad, Shallow Gold Intercepts • Target area located just 2.5km east of proposed processing plant site • Consistent high-grade, near-surface gold mineralisation intersected in recent RC drilling • Follow-up drilling in April and May produced: • 5m at 3.06g/t Au from 53m and 7m at 1.8
Slide 13: Helens East – Significant Air-core Results
Helens East – Significant Air-core Results • Target area located immediately adjacent to Cardinia Hill • Significant zones of shallow gold mineralisation intersected in numerous air-core holes • Intersections from 4m composite sampling from the first three lines include: • 6m at 2.05g/t Au from 28m
Slide 14: Iron King – Target Generation
Iron King – Target Generation • Historical production from several high grade narrow vein deposits – Victory, Blue Spec, Iron King, Reeds United, Crystal Ridge. 22km2 tenure. Victory Mine • 35km from Thunderbox (Saracen), 18km from Victory Strike King of the Hills (Red 5) and 50km from Sons of Cryst
Slide 15: Exploration Programs – Next Steps
Exploration Programs – Next Steps $1,000k $400k Geophysical ground survey (SAM) - Cardinia GAP Geophysics Target Generation $300k Further IP chargeability survey - Cardinia SGC $300k Geochemical survey – Eagle Trend AugerAustralia $1,400k $1,000k Aircore drilling targets – East Lynne, Eagle, Iron Ki
Slide 16: Summary and Key Takeaways
Summary and Key Takeaways Advanced 945Koz gold project in an attractive gold mining region with considerable untested exploration potential The first drilling of new target areas at Cardinia in a decade has immediately yielded three new gold discoveries within 5km of the process plant site New Targe
Slide 17: Thank you.
Kin Mining NL Level 1, 342 Scarborough Beach Rd Osborne Park WA 6017 T: 61 8 9242 2227 E: info@kinmining.com.au ASX: KIN Thank you.
Slide 18: APPENDIX A: Kin Mining NL Mineral Resources
APPENDIX A: Kin Mining NL Mineral Resources Cardinia Gold Project: Mineral Resources: January 2020 Notes Measured Resources Indicated Resources Inferred Resources Total Resources Resource Lower See ASX Project Area Gold Price Cut off Tonnes Au Au Tonnes Au Au Tonnes Au Au Tonnes Au Au Announcement
Slide 19: APPENDIX B: Cardinia Geological Model
APPENDIX B: Cardinia Geological Model Evolution of the bi-modal Minerie Sequence Evolution of the Minerie sequence occurred during the subduction of oceanic plate below the Yilgarn continental plate creating the Kalgoorlie – Kurnalpi Rift. Cardinia sits near the western margin of the Kurnalpi Terran
Slide 20: APPENDIX C: Cardinia – Cracking the Geological Code
APPENDIX C: Cardinia – Cracking the Geological Code • Mineralisation occurs as sulphidic fine grained sediments (shales and cherts) and as sulphide replacement mineralisation in structurally controlled positions • Mineralisation occurred close to the earth’s surface (<3km depth) • Quartz veins with
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