Patronus Resources Limited · ASX:PTN
Patronus Resources — Investor Presentation (November 2020)
17 slides from Patronus Resources's investor presentation, Nov 11, 2020
Slide 1: Increasing the momentum at Cardinia
ASX: KIN Increasing the momentum at Cardinia… New discoveries 45,000m of drilling for 2H 2020 Multi-pronged exploration program Exploration strategy update Belt-scale potential Investor Presentation – November 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 oxide dominan
Slide 4: Corporate Overview
Corporate Overview ASX: KIN Shareholders Share price (9 November 2020) A$0.215 3% 29% Ordinary shares on issue 700.0M Retail Investors Options (exercise $1.00 - $1.25) 10.0M Directors Market Capitalisation (undiluted) $150M High Net Worths 2% Institutional Cash (30 September 2020) $6.0M 66% Debt Nil
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 • Acquired in late 2014 from administrator of Navigator Resources - Exploration over the past decade has focused on areas around the known depo
Slide 7: Cardinia – Multiple Projects Advancing in Parallel
Cardinia – Multiple Projects Advancing in Parallel • Phase 1. Auger and regional AC drilling from December 2019 to July 2020 discovered several new deposits. Hobby • Phase 2. AC follow up and initial RC led to discovery of Cardinia Hill, Lewis East and Comedy King. • Phase 3. Program with focus on a
Slide 8: Cardinia Hill – Broad, Shallow Gold Intercepts
Cardinia Hill – Broad, Shallow Gold Intercepts Target area located just 2.5km east of proposed processing plant site. Previous exploration a single line of AC - 7m at 6.0g/t in 2015 Consistent high-grade, near-surface gold mineralisation intersected in 3 phases of RC and DD drilling to September
Slide 9: Helens East – Significant Air-core and RC Results
Helens East – Significant Air-core and RC Results Target area located immediately adjacent to Cardinia Hill – no previous exploration Strong soil Geochem…then…Significant zones of shallow gold mineralisation intersected in broad spaced air-core holes Intersections from 4m composite sampling fr
Slide 10: East Lynne – Large gold Target –Aircore
East Lynne – Large gold Target –Aircore Target area 3km NE of Cardinia containing several sets of historical workings. Limited shallow drilling focussed at the historical workings Large multielement soil geochemical anomaly 6.0km by 0.6km in multi-elements, gold rich for 3.2km Major geologic
Slide 11: East Lynne – Large gold Target –Geophysics and Diamond drilling
East Lynne – Large gold Target –Geophysics and Diamond drilling East Lynne underlain by major geological contact Strong, consistent IP anomaly surveyed in 2013. Limited shallow testing. No deep drilling. Line 2 Aircore Nil Significant Au assay in 13 holes to 70m. But…geology is interesting
Slide 12: East Lynne – Large gold Target –Geophysics and Diamond drilling
East Lynne – Large gold Target –Geophysics and Diamond drilling East Lynne – Major contact hosted by Volcaniclastic rocks The IP anomaly is extensive. 3+km long extending south from Line 2 8 Diamond holes (2 per line) at 800m spacing in progress Strong sulphide mineralisation in the first Di
Slide 13: Cardinia – Large gold Mineralised System
Cardinia – Large gold Mineralised System Initial Broad Spaced AC drilling covering Cardinia Hill and Helens to Hobby a strike length of 8.0km Multiple locations and environments are mineralised Cardinia is a Large Mineralised System East Lynne appears to be the base of the system and sits on
Slide 14: Iron King – second large gold Target –Aircore
Iron King – second large gold Target –Aircore Target area 45km north of Leonora, 13km NW of King of the Hills. Contains several sets of historical workings. Limited shallow drilling and surface mining. Held by Kin since IPO in 2013. Historical production Victory. (pre 1954) 11,638 oz at 95.6g/
Slide 15: Summary and Key Takeaways
Summary and Key Takeaways Advanced 945Koz gold project in an attractive gold mining region with considerable untested exploration potential. Resources to be updated in Dec Q 2020. The first drilling of new target areas at Cardinia in a decade has immediately yielded a number of new gold discoveries
Slide 16: 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 17: 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
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