Patronus Resources Limited · ASX:PTN
Patronus Resources — Diggers and Dealers 2022
19 slides from Patronus Resources's conference presentation, Aug 1, 2022
Slide 1: Delivering New Discoveries & Resource Growth in the Leonora Gold District
DELIVERING NEW DISCOVERIES & RESOURCE GROWTH IN THE LEONORA GOLD DISTRICT DIGGERS AND DEALERS AUGUST 2022 ASX: KIN | kinmining.com.au
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: Introduction | Investment Snapshot
INTRODUCTION │INVESTMENT SNAPSHOT ASX-listed gold explorer with strong strategic 1.28Moz Mineral Resource base at the 100%- shareholder base including Delphi with 30% owned Cardinia Gold Project near Leonora and ASX-200 gold producer St Barbara 18% Regularly delivering new discoveries – Helens Aggre
Slide 4: Cardinia | Strategic Footprint
CARDINIA │ STRATEGIC FOOTPRINT 777km2 land package just 30km from Leonora Tier-1 gold mining district (multi-million-ounce deposits) 1.28Moz JORC Resource hosted in oxide-dominant ore zones centred at Cardinia Development optionality – multiple mills within 80km radius New regional map OR st
Slide 5: Corporate | Robust Capital Structure
CORPORATE │ ROBUST CAPITAL STRUCTURE ASX: KIN Shareholders Share price (28 July 2022) A$0.084 Ordinary shares on issue 866.0M Options (exercise $0.24 - $1.25) 6.0M Market capitalisation (undiluted) $72.7M Cash (31 Mar 2022) $6.1M Debt Nil Liquidity (avg. daily traded shares) 0.5M Board of Directors
Slide 6: Team | Experienced, Capable and Focused
Key consultants TEAM │EXPERIENCED, CAPABLE AND FOCUSED Cube Consulting Andrew Munckton Stephen Jones • Respected industry Glenn Grayson Chad Maloney Managing Director & CEO consultants CFO & Company Secretary Exploration Manager Mining Manager • Specialists in Mineral Resource estimates, optimizatio
Slide 7: Opportunity | Minerie Greenstone Belt
OPPORTUNIT Y | MINERIE GREENSTONE BELT Dominant land-holding in an under-explored greenstone belt Limited deeper drilling, with the bulk of historical exploration focused around known deposits driven by survival imperative New project-wide, data-driven, bottom-up approach has been adopted to t
Slide 8: Cardinia Area | Resource Expansion Opportunities
CARDINIA AREA| RESOURCE EXPANSION OPPORTUNITIES Current Mineral Resource of 17.4Mt at 1.17g/t Au for 655koz across eight deposits Drilling at Eastern Corridor - expanding high grade resources at Cardinia Hill, Rangoon, Helens East and East Lynne to grow from 262koz to ~500koz Drilling at Weste
Slide 9: Cardinia Area | Exploration Tool Kit
CARDINIA AREA| EXPLORATION TOOL KIT Magnetics are weak due to the extensive alteration seen of the Mafic and Felsic rock package Detailed Gravity provides an excellent mapping tool of both rock type, alteration and structure which is the basis of the geological environment Cardinia area is und
Slide 10: Eastern Corridor | Significant Results
EASTERN CORRIDOR | SIGNIFICANT RESULT S Buried felsic intrusion results in reactivation of major N-trending faults and flat east dipping “linking” structures. 3m at 21.1g/t Mineralisation is Qz-Py-Ank, high grade Au-Ag with Cu-Mo-Pb-Zn-Te accessory sulphide signature High-grade intersections,
Slide 11: Recent Results - Helens East | Steep - High Grade
R E C E N T R E S U LT S - H E L E N S E A S T | S T E E P - H I G H G R A D E Majority of the near surface gold deposits discovered to date are this type Surface workings and historical shallow drilling under old shafts were the traditional exploration methods which found mostly oxidised portio
Slide 12: Eastern Corridor | Significant Results
EASTERN CORRIDOR | SIGNIFICANT RESULT S Buried felsic intrusion results in reactivation of major N-trending faults and flat east dipping “linking” structures. 3m at 21.1g/t Mineralisation is Qz-Py-Ank, high grade Au-Ag with Cu-Mo-Pb-Zn-Te accessory sulphide signature High-grade intersections,
Slide 13: Recent Results - Rangoon | Broad - Shallow Large Tonnage
R E C E N T R E S U LT S - R A N G O O N | B ROA D - S H A L LOW L A RG E T O N N AG E Blind to the surface or rarely found by prospectors Surface workings and historical drilling under old shafts never targeted these Sit on flat lying “linking structures” that sit between and join the steep d
Slide 14: Eastern Corridor | Sulphide Metallurgy
EASTERN CORRIDOR | SULPHIDE METALLURGY Sulphide mineralisation easily RN22RC147 -27m at 1.07g/t Au from 75m to 102m. recognisable in deeper drilling RC and core. Quartz-Pyrite-Ankerite mineralisation…”gold is where the pyrite is” Gold and silver is fine, associated with pyrite, chalcopyrite and
Slide 15: Development Options
DEVELOPMENT OPTIONS| Stand Alone Development Requires 1.5Moz to 2.0Mz Mineral Resource target to be reached. Mineral Resource update scheduled in SQ to upgrade 1.28M oz with last 12 months of drilling Existing Hardware (Mills, Crusher, Conveyors structural steel already owned PFS in 2019 i
Slide 16: Summary and Key Takeaways
SUMMARY AND KEY TAKEAWAYS Advanced 1.28Moz gold project in an attractive gold mining region with considerable untested exploration potential and significant growth profile Consolidation in the Leonora region overdue…. and recently initiated Moving to Operational Readiness at Cardinia for initi
Slide 17: Thank You & Questions
THANK YOU & QUESTIONS Kin Mining has repositioned from near- term developer to explorer focused on the most value-accretive phase of the mining cycle… exploration and discovery. ASX: KIN | kinmining.com.au 17
Slide 18: Kin Mining NL
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 | kinmining.com.au
Slide 19: Kin Mining NL | Mineral Resources
KIN MINING NL | MINERAL RESOURCES Cardinia Gold Project: Mineral Resources: September 2021 Notes Measured Resources Indicated Resources Inferred Resources Total Resources Lower ▪ See ASX Announcement 23 September Resource Gold Date Project Area Cut off Tonnes Au Au Tonnes Au Au Tonnes Au Au Tonnes A