Patronus Resources Limited · ASX:PTN
Patronus Resources — Noosa Mining Conference 2024
28 slides from Patronus Resources's conference presentation, Nov 13, 2024
Slide 1: Building a Diversified Resources Company
Building a Diversified Resources Company Leveraging our experience and balance sheet to unlock value and deliver growth through exploration & strategic acquisition Investor Presentation | November 2024
Slide 2: Disclaimer and Competent Person’s Statement
Disclaimer and Competent Person’s Statement This presentation has been prepared by Patronus Resources Limited (ACN 150 597 541; ASX:PTN) (“Patronus” or “the Company”; formerly Kin Mining NL) and its subsidiary PNX Metals Limited (ACN 127 446 271) based on information available at the time of prepari
Slide 3: Board & Management
Board & Management Rowan Johnston Graham Ascough Hansjoerg Joe Graziano Nicholas Anderson Chairman Non-Exec Director Plaggemars Non-Exec Director Non-Exec Director Non-Exec Director Experienced, Capable, Focused Experienced leadership team with a demonstrated track • Highly experienced • Geophysicis
Slide 4: Project Overview
Project Overview Tier-1 jurisdictions: Leonora in WA and Pine Creek in the NT with further growth and consolidation opportunities Quality assets in Tier 1 jurisdictions Highly active mining and exploration locations Strong platform for growth Multiple high-quality exploration targets Strong balance
Slide 5: Corporate Overview
CAPITAL STRUCTURE KEY METRICS (ASX:PTN) Shares on issue 1,637M Corporate Overview Share price $0.065 Exceptional balance sheet Market capitalisation $108M Cash (30 September 2024) $83M EV $25M Significant discount to cash and asset backing Liquidity 0.854M Mineral Resources 2.3Moz contained Au Eq. H
Slide 6: Gold
Gold Group-wide Resources of 28Mt @1.35g/t Au for +1.4Moz of contained gold Leonora - WA • Cardinia Gold Project: 0.9Moz @ 1.31g/t Au Pine Creek - NT • Fountain Head: 0.3Moz @ 1.7g /t Au Projects in highly active mining and exploration districts Significant tenement holdings over highly prospective
Slide 7: Cardinia Gold Project - Leonora
Cardinia Gold Project - Leonora 932,000oz gold Resource 100% owned Close to existing infrastructure and future third-party developments Metallurgical test work confirms free-milling gold can be processed via standard Carbon-in-Leach (CIL) Mertondale: Historical production: 274,724oz @ 4.73g/t Mi
Slide 8: Cardinia Gold Project – Significant upside potential
Cardinia Gold Project – Significant upside potential High priority exploration targets Mertondale: 1,500m diamond programme at Mertondale targeting interpreted high grade gold shoots identified in recent structural studies 1,000m AC programme targeting 1.6km long soil anomaly interpreted to be s
Slide 9: Pine Creek Gold Project
Pine Creek Gold Project Pine Creek Strongly endowed field with +20Moz Au Active exploration in the field Patronus holds belt-scale tenure Three near-surface Mineral Resources with immediate expansion potential Mining and processing plant approvals in place at Fountain Head Gold Project P
Slide 10: Fountain Head Gold Project
Fountain Head Gold Project Fountain Head Gold Project Three near-surface Mineral Resources with immediate expansion potential Fountain Head & Tally Ho 156koz @ 1.7g/t Glencoe 79koz @ 1.18 g/t Mt Porter 48koz @ 2.2g/t Limited recent exploration Fountain Head & Tally Ho 2.9Mt @ 1.7g/t Au f
Slide 11: Fountain Head Gold Project
Fountain Head Gold Project 8m @ 8.38 g/t Au from 54m MPRC089 9m @ 1.55 g/t Au from 2m MPOP037 Glencoe Deposit 2.1Mt @ 1.18g/t Au for 79koz Au 3km north of Fountain Head on granted Mineral Lease Maiden RC programme targeting high grade targets completed 5m @ 2.15 g/t Au 13m @ 3.53 g/t Au from 6
Slide 12: Base Metals
Base Metals Leonora VMS discovery hole: • 5.7m @ 5.3% Zn, 40 g/t Ag, 1.0 g/t Au, 0.3% Cu, 0.3% Pb, from 270.3m Hayes Creek Resource: • 4.1Mt @ 4.35% Zn, 124g/t Ag and 1.8g/t Au (8.47g/t contained Au Eq.) Leonora VMS discovery hole IP22DD001. Marked massive sulphide interval between 270.3m-276.0m gra
Slide 13: Leonora – Emerging VMS District
Leonora – Emerging VMS District VMS mineralisation discovered at Cardinia First ever base metal discovery within the Minerie Domain Identified through reassessment of deep diamond holes drilled in 2022 targeting gold Re-assaying of hole IP22D0001 produced a ‘discovery’ intercept: • 5.7m @ 5.3%
Slide 14: Hayes Creek – Base Metals
Hayes Creek – Base Metals High-grade volcanic-hosted massive sulphide deposits Hayes Creek VMS Project global resource at Mt Bonnie and Iron Blow of 177kt Zn, 37kt Pb, 16 Moz Ag, 0.2Moz Au VMS deposits typically occur in camps within the same stratigraphy To date >40km of prospective stratigra
Slide 15: Hayes Creek – Base Metals
Hayes Creek – Base Metals Mount Bonnie Deposit (100%) 22m @ 7.42 % Zn, 2.33 g/t Au, 1.55Mt @ 3.8% Zn, 1.34g/t Au, 127g/t Ag. 1.1% Pb, 143 g/t Ag, 0.34 % Cu, 1.24 % Pb from 27m MBRC040 0.2% Cu 12m @ 8.4 % Zn, 2.57 g/t Au, 10km south-east of Fountain Head on granted Mineral 228 g/t Ag, 0.70 % Cu,
Slide 16: Hayes Creek – Base Metals
Hayes Creek – Base Metals Iron Blow Deposit 15.6m @ 12.25% Zn, 2.28g/t Au, 214g/t Ag, 0.39% Cu, 2.02% Pb from 64.2m IBRC030D 4.1Mt @ 4.35% Zn, 1.81g/t Au, 124g/t Ag, 0.91% Pb, 0.25% Cu 8km south-east of Fountain Head on granted Mineral Leases 50.39m @ 10.12% Zn, 2.66g/t Au, 283g/t Ag, 0.57% Cu,
Slide 17: Uranium – Pine Creek
Uranium – Pine Creek World-Class, High-Grade Deposits Thunderball Deposit • 15.0m @ 1.5% U3O8 from 139.0m (TPCRC019) • 11.0m @ 3.4% U3O8 from 144.0m Serecite-quartz (TPCDD026) • 15.0m @ 1.35% U3O8 from Illite-Kaolin 210.0m (RHCDD005) Limited exploration Prospective for both unconformity and Illite-k
Slide 18: Pine Creek – Uranium
Pine Creek – Uranium Untapped uranium potential in a world-class uranium province Pine Creek is one of the world’s largest and richest uranium provinces Alligator River - Ranger, Jabiluka deposit Rum Jungle South Alligator Valley – Coronation Hill Patronus’ tenements highly prospective for
Slide 19: Pine Creek – Uranium
Pine Creek – Uranium Thunderball Project Historic drill intersections from Thunderball include very high-grades: 15.0m @ 1.5% U3O8 from 139.0m in TPCRC019 11.0m @ 3.4% U3O8 from 144.0m in TPCDD026 Initial 1,500m drill programme planned at Thunderball Targeting extensions to the Thunderball
Slide 20: Upcoming Work Programs – 2024/25
Upcoming Work Programs – 2024/25 Multi-pronged work programs expected to underpin accelerating news-flow Year CY24 CY25 Q4 Q1 Q2 Q3 Q4 Exploration and Drilling Mertondale DD targets Mertondale MRE update Cardinia East AC targets Follow-up drilling Au Glencoe RC targets FGP Drilling FGP MRE update On
Slide 21: Summary – Key Investment Takeaways
Summary – Key Investment Takeaways People Highly experienced team: Proven track record of success Transformational deals: Recent deals with Genesis Minerals (ASX: GMD) and PNX Metals Projects Over 2.3Moz in gold and gold equivalents 0.9Mkoz gold in Leonora: MRE update, on-going exploration
Slide 22: Appendices
Appendices >) A PATRONUS RESOURCES _7) PATRONUS
Slide 23: Fountain Head, Tally Ho and Glencoe Mineral Resource
Fountain Head, Tally Ho and Glencoe Mineral Resource PNX confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the rel
Slide 24: Mt Porter Mineral Resource
Mt Porter Mineral Resource PNX confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements
Slide 25: Hayes Creek Mineral Resource
Hayes Creek Mineral Resource PNX confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcemen
Slide 26: Hayes Creek Mineral Resource
Hayes Creek Mineral Resource PNX confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcemen
Slide 27: Mertondale Mineral Resources
Kin Mining Mertondale NLResource Mineral | Mineral Resources Patronus confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimat
Slide 28: Cardinia Mineral Resources
Kin Mining Cardinia NL | Mineral Resources Mineral Resource Patronus confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimate