Patronus Resources Limited · ASX:PTN
Patronus Resources — Gold Coast Investor Forum (June 2021)
18 slides from Patronus Resources's conference presentation, Jun 24, 2021
Slide 1: Cardinia: building a significant gold inventory in a Tier-1 mining district
Cardinia: building a significant gold inventory in a Tier-1 mining district ASX: KIN 1.23Moz Resource with significant upside Investor Presentation – June 2021 Andrew Munckton, Managing Director Multiple new discoveries Aggressive exploration approach
Slide 2: Disclaimer
DISC LAIMER 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 | Growth through exploration
IN TRO D U CT IO N │ G ROW T H TH RO UG H E X PLOR AT I ON ASX-listed gold explorer with Over 32,500m of drilling completed strong strategic shareholder in 1H CY2021 – resulting in base multiple new discoveries 1.23Moz Mineral Resource Major leap forward in geological base at the 100%-owned
Slide 4: Cardinia | Strategic footprint
C AR DI N IA │ ST RAT EG I C F OOT P RI N T • 657km2 land package just 30km from Leonora • Tier-1 gold mining district (multi-million ounce deposits) • 1.23Moz JORC Resource hosted in oxide dominant ore zones at three centres; Cardinia, Mertondale and Raeside • Exploration-driven approach targeting
Slide 5: Corporate | Strategic shareholders
C ORPOR ATE │ ST R ATEGI C SH AR E H O LDE RS ASX: KIN Shareholders Share price (15 June 2021) A$0.13 Retail Institutional Investors Ordinary shares on issue 799.2M 25% 29% Options (exercise $0.24 - $1.25) 12.0M Directors Market capitalisation (undiluted) $104.0M 2% High Net Cash (31 March 2021) $12
Slide 6: Team | Experienced, capable and focused
TEAM │ E X PE R I EN C ED, C A PA B LE AN D F OC USE D Andrew Munckton Steven Jones Glenn Grayson John Kelly Key consultants Managing Director & CEO CFO & Company Secretary Exploration Manager Engineering Manager Cube Consulting • Respected industry consultants • Specialists in Mineral Resource esti
Slide 7: The Opportunity | Mineral-rich greenstone belt
THE OPPORTUNIT Y │ M IN ER I E GR E EN STON E BE LT • Dominant land-holding in under-explored greenstone belt • Limited deeper drilling, with the bulk of historical exploration focused around known deposits driven by an imperative to “feed the mill” • New project-wide, data-driven, bottom-up approac
Slide 8: Cardinia | Multiple projects advancing
C ARDIN IA │ M ULT I PL E PROJEC TS A DVA N C I NG • Eight projects with Mineral Resources totaling 16.3Mt at 1.17g/t Au for 611Koz • Further eight prospects with exciting exploration results requiring follow- up. • Recent high grade discoveries at Cardinia Hill, Eastern Corridor, Eagle and Crow • P
Slide 9: Eastern Corridor | Significant AC and RC results
EASTERN CORRI DOR│SIGNIF ICANT AC AN D RC RESULTS Target area located adjacent to Cardinia Hill, Fiona and Helens deposits -194koz* MRE in four deposits Buried felsic intrusions with numerous felsic dykes cross-cut by a number of major N-trending faults. Mapped by detailed gravity survey Signi
Slide 10: Cardinia Hill | Broad, shallow gold intercepts
C ARDIN IA HILL│ B ROA D, SH A LLOW GO LD I N T E RC EPT S Target area located just 2.5km east Discovery Hole CH19AC018 – 9m at 3.05g/t Consistent high-grade, near-surface gold mineralisation intersected in RC and diamond drilling to 200m depth 100 RC holes and 30 diamond holes drilled since
Slide 11: Eastern Corridor | Geophysics and drilling
EASTERN CORRI DOR│ G EOP H YSI C S A N D DR I LLI N G Helens, Cardinia Hill, Rangoon to East Lynne is a major mineralised corridor containing N-S faults and porphyry intrusions 5.0km long by 1.5km wide with large areas of anomalous soils and numerous ore grade hits in broad spaced AC drilling an
Slide 12: Bruno Lewis | RC and diamond drilling
BRUN O LEWI S│ RC A N D D I A M ON D DR I LL IN G Bruno Lewis – current MRE* of 11.5Mt at 1.01g/t Au for 374koz, Large surface footprint 5.0km by 1.0km of ore-grade intersections: Hundreds of near-surface holes to 50m depth Limited deeper drilling contains high-grade lodes Supergene gold a
Slide 13: Eagle-Crow | New mineralisation
EAG LE - C ROW│ N E W M IN ER A LI SAT IO N Eagle/Crow lies 2km west of Bruno Lewis, 1km from Kyte Strong multi-element soil anomaly with limited drilling: 6km by 1km anomaly rich in Au-As-Sb with other spot highs in pathfinder elements Limited historical drilling returned high-grade results
Slide 14: Mt Flora | Satellite discovery
MT FLORA│ SAT EL LI T E D I S COV E RY Mt Flora lies 20km east of Cardinia Strong multi-element soil anomaly with limited drilling: Three areas rich in Au-Ag-Te-W with other spot highs in pathfinder elements Maiden AC drilling returned high-grade results: 22m at 8.96g/t and 8m at 2.79g/t A
Slide 15: Summary and key takeaways
SUM MARY AND K EY TAK EAWAYS Advanced 1.23Moz gold project in an attractive gold mining region with considerable untested exploration potential and significant growth potential The first drilling of new target areas at Cardinia in a decade has immediately yielded a number of gold discoveries within
Slide 16: Thank you | Questions
TH AN K YO U │ QU ESTI O N S Kin Mining has repositioned from near-term developer to explorer focused on the most value-accretive phase of the mining cycle… exploration and discovery. www.kinmining.com.au ASX: KIN 16 Slide 16
Slide 17: Kin Mining NL contact details
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
Slide 18: Kin Mining NL Mineral Resources
KIN MININ G NL MINER AL RESOURCES Cardinia Gold Project: Mineral Resources: May 2021 Measured Resources Indicated Resources Inferred Resources Total Resources Notes Lower Resource Gold Date See ASX Project Area Price (AUD) Cut off Tonnes Au Au Tonnes Au Au Tonnes Au Au Tonnes Au Au Announced Annou
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