Patronus Resources Limited · ASX:PTN

Patronus Resources — Shareholder Meeting (December 2018)

16 slides from Patronus Resources's shareholder meeting presentation, Dec 6, 2018

  1. Slide 1: AGM Presentation

    1 PRESENTATION AGM 29 November 2018

  2. Slide 2: Disclaimer

    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 i

  3. Slide 3: Corporate

    3 Corporate KIN Mining NL – Share Price as at November 2018 Shareholders Share price (A$) 0.084 Shares outstanding (m) 373.6 Options (m) 37.2 Market capitalisation 31.4 (A$m) Net Cash/(Debt) (A$m)1,2 2.7 1. Unaudited cash and debt as at 22 November 2018, US$3 million debt converted to A$ at A$/$US r

  4. Slide 4: Kin Share Price - Feb 17 to Nov 18

    4 Kin Share Price - Feb 17 to Nov 18 Discovery of Release of DFS 249d #1 Curtailment of 249d #2 Lewis South Results Resignation of Construction Previous Board Primary $167M PFCF MD and Technical member and Debt Mineralisation Director Finance Broker replacement by seek to oust entire NED and new Boa

  5. Slide 5: DFS Recap – Announced October 2017

    5 DFS Recap – Announced 2 October 2017  Mining  373Koz Probable Ore Reserve (7.933Mt @ 1.5g/t Au) – LOM Grade 1.5g/t. First 3 years Grade 1.3g/t  LOM 22 Open pits some with sub-pits. 17 Pits in the first 3 years  LOM Strip Ratio 8:1 First 3 years Strip Ratio 8.3:1  62% of Ore is Oxide or Transi

  6. Slide 6: Cardinia and Lawlers

    6 Cardinia and Lawlers  Construction commenced 8 February 2018, Curtailed 11 April 2018, Suspended 9 May 2018. Soft landing after Suspension.  A$10 million spent  US$5.0 million drawn from US$27 million facility  Cardinia  2.5Mw Ball mill purchased and delivered- Refurbishment commenced  Works

  7. Slide 7: Cardinia Mining Centre – Simplify the Plan

    7 Cardinia Mining Centre – Simplify the Plan ALL DRILLING DRILLING DEEPER THAN 50m DRILLING DEEPER THAN 100m DRILLING DEEPER THAN 150m  Cardinia is a significantly mineralised area –DFS planned to exploit it with 16 Separate Pits…some insignificant  Highly successful deeper drilling campaigns unde

  8. Slide 8: Lewis – Baseload Pit #1

    8 Lewis – Baseload Pit #1.  Extensive shallow oxide mineralisation hosted within 3km- long Bruno-Lewis system  The Oxide Ore (186k oz* Mineral Resource to circa 50m) has an underlying primary source that is yet to be fully understood  Primary mineralisation discovered during extensional drilling

  9. Slide 9: Helens – Satellite Pit #1

    9 Helens – Satellite Pit #1 • Mineral Resources – 1.03Mt @ 2.14 g/t Au for 71koz Au • Consistent, primary mineralisation intersected between pits to 120m depth. • High grade oxide and primary mineralisation intersected over 1500m of strike. • Clear potential exists to increase the Mineral Resources

  10. Slide 10: Opportunities - Mertondale

    10 Opportunities - Mertondale 5 Mertondale 5 - Open Pit Mining was completed in 1991. • Discovered by Harbour Lights Mining Ltd in 1989 History • Mined 384,671 tonnes @ 3.06 g/t Au for 37,841 Ounces with A$450/ oz gold price in pit design • Transported and treated at Harbour Lights Processing Facili

  11. Slide 11: Water – Providing a sustainable supply

    11 Water – Providing a sustainable supply • Cardinia Creek. Two production bores PB1 and PB4 tested. 15 l/s combined. • Supply construction and dust suppression water. Two more sites identified for development • Bummer Creek. Two Production Bores PB2 and PB3 tested. 25-30 l/s combined. • Supply plan

  12. Slide 12: Budget and Schedule

    12 Budget and Schedule  Budget  New Mineral Resource estimate for Helens and Bruno Lewis. -Underway  Increased Metallurgical Testwork, Ore Reserves, Mine plan and schedule. - Underway  Definitive Capital estimates of Water, Power, Tailings Dam and Infrastructure  Review Lawlers equipment and de

  13. Slide 13: Key Takeaways

    13 Key Takeaways  Construction of the LGP suspended due to: • Uncertainty of the increase in the Cost to Complete • Other Project elements were not far enough advanced and needed to be addressed systematically • The Project was very unlikely to meet the DFS outcomes on which the Construction was ju

  14. Slide 14: Contact details

    14 Contact details: Level 1, 342 Scarborough Beach Road Osborne Park WA 6017 T: 61 8 9242 2227 E: info@kinmining.com.au ASX: KIN 14

  15. Slide 15: APPENDIX A – Kin Mining NL Mineral Resources

    15 APPENDIX A – Kin Mining NL Mineral Resources Leonora Gold Project Mineral Resources Leonora Gold Project (LGP) Project Area Lower Indicated Resources Cut off Tonnes Resources Inferred Total Resources Au Au Tonnes Au Au Tonnes Au Au – 1.06 Moz Au (g/t Au) (Mt) (g/t (k Oz) (Mt) (g/t (k Oz) (Mt) (g/

  16. Slide 16: APPENDIX B – Kin Mining NL Ore Reserve

    16 APPENDIX B – Kin Mining NL Ore Reserve Leonora Gold Project (LGP) – 373Koz Au Leonora Gold Project - Ore Reserve Estimate Ore Reserve Open Pit Mine Classification Tonnes (t) Grade (g/t) Metal (oz. Au) Tonto Probable 210,000 1.5 10,000 See ASX Announcement 2 October 2017 “Feasibility confirms Mert

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