Patronus Resources Limited · ASX:PTN
Patronus Resources — Investor Presentation (August 2021)
19 slides from Patronus Resources's investor presentation, Aug 2, 2021
Slide 1: Moving to the Next Level at Cardinia
MOVING TO THE NEXT LEVEL AT CARDINIA Growth and opportunity in a Tier-1 gold mining district • Growing our inventory – 1.23Moz and rising • Making new discoveries • Unlocking value – new major shareholder • Phase 5 drilling program underway Investor Presentation | August 2021 Andrew Munckton | Manag
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 ✓ 1.23Moz Mineral Resource base at the shareholder base including ASX-200 gold 100%-owned Cardinia Gold Project near producer St Barbara with 19.8% stake Leonora ✓ Over 32,500m of drilling completed in ✓ Aggressive on
Slide 4: Cardinia | Strategic Footprint
CARDINIA │ STRATEGIC FOOTPRINT • 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 new, larger,
Slide 5: Cardinia | New Major Shareholder
CARDINIA │ NEW MAJOR SHAREHOLDER • St Barbara (ASX: SBM) acquired a 19.8% stake in Kin Mining on 15 July • St Barbara is an ASX-200 Australian gold producer with operations in WA, Canada and PNG • SBM’s Tier-1 Leonora Gold Operations include the Gwalia underground mine and a 1.2Mtpa processing facil
Slide 6: Corporate | Strategic Shareholders
CORPORATE │ STRATEGIC SHAREHOLDERS ASX: KIN Shareholders Delphi Share price (15 July 2021) A$0.16 Retail 29% 25% Ordinary shares on issue 799.2M Options (exercise $0.24 - $1.25) 12.0M Market capitalisation (undiluted) $128M Cash (30 June 2021) $7.4M SBM 19% Debt Nil High Net Worths 25% Directors Liq
Slide 7: Team | Experienced, Capable and Focused
TEAM │EXPERIENCED, CAPABLE AND FOCUSED Key consultants Andrew Munckton Steven Jones Glenn Grayson Chad Maloney Managing Director & CEO CFO & Company Secretary Exploration Manager Mining Manager Cube Consulting • Respected industry consultants • Specialists in Mineral Resource estimates, optimization
Slide 8: Opportunity | Minerie Greenstone Belt
OPPORTUNITY | 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 ta
Slide 9: Cardinia | Multiple Projects Advancing
CARDINIA | MULTIPLE PROJECTS ADVANCING • 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 • Phase 4: Expand
Slide 10: Eastern Corridor | Significant Results
EASTERN CORRIDOR | SIGNIFICANT 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 3m at 21.1g/t gravity survey Si
Slide 11: Cardinia Hill | Broad, Shallow Intercepts
CARDINIA HILL | BROAD, SHALLOW INTERCEPTS Target area located 2.5km east of Cardinia Discovery Hole CH19AC018 – 9m at 3.05g/t March 2020 Consistent high-grade, near-surface gold mineralisation intersected in RC and diamond drilling to 200m depth 100 RC holes and 30 diamond holes drilled sinc
Slide 12: Eastern Corridor | Geophysics and Drilling
EASTERN CORRIDOR | GEOPHYSICS AND DRILLING 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 and high- gra
Slide 13: Bruno Lewis | RC and Diamond Drilling
BRUNO LEWIS | RC AND DIAMOND DRILLING Bruno Lewis – May 2021 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 above W-dipp
Slide 14: Eagle-Crow | New Mineralisation
EAGLE-CROW | NEW MINERALISATION 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: 11m at 4
Slide 15: Mt Flora | Satellite Discovery
MT FLORA | SATELLITE DISCOVERY Mt Flora lies 20km east of Cardinia Strong multi-element soil anomaly with limited drilling: Three mineralised zones rich in Au-Te-W pathfinder elements associated with Federation Fault splays Maiden AC drilling returned high-grade results: 22m at 8.96g/t and
Slide 16: Summary and Key Takeaways
SUMMARY AND KEY TAKEAWAYS Advanced 1.23Moz gold project in an attractive gold mining region with considerable untested exploration potential and significant growth profile The first drilling of new target areas across the project in a decade has immediately yielded a number of gold discoveries withi
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. ` 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
Slide 19: Kin Mining NL | Mineral Resources
KIN MINING NL | MINERAL RESOURCES Notes ▪ See ASX Announcement 17 May 2021 “Cardinia Gold Project Mineral Resource Update” ▪ The Company confirms that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed at the time of publica
Patronus Resources — Investor Presentation (August 2021) on 6ix