Patronus Resources Limited · ASX:PTN
Patronus Resources — Australian Gold Conference 2025
30 slides from Patronus Resources's conference presentation, Nov 12, 2025
Slide 1: A Deep Value Investment Opportunity
A Deep Value Investment Opportunity • $70 million cash & investments • 2.3Moz AuEq Resources in WA and NT • Multi-commodity growth story • Growth through exploration & strategic M&A ASX:PTN Australian Gold Conference | October 2025
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: Corporate Overview
Corporate Overview CAPITAL STRUCTURE KEY METRICS (ASX:PTN) Shares on issue 1,479M $70 M cash and investments supporting exploration and Share price (13 October 2025) $0.085 growth Market capitalization (13 October 2025) $126M Cash & Investments (30 June 2025) $70M Trading below asset value - EV
Slide 4: Company Overview
Company Overview Diversified ASX-listed exploration and development company (ASX: PTN) Multi-commodity exposure Gold, uranium, zinc, silver and base metals Flagship projects in Tier-1 Australian jurisdictions Leonora, WA – 1Moz gold resource at Cardinia Gold Project Pine Creek, NT – gold, uranium an
Slide 5: Project Overview
Project Overview Tier-1 jurisdictions: Leonora in WA and Pine Creek in the NT Two high-quality hubs in Tier-1 jurisdictions Highly active mining and exploration locations Strong platform for discovery and growth Multiple high-quality exploration targets Strong balance sheet to fund exploration and p
Slide 6: Board & Management
Board & Management Rowan Johnston John Ingram Graham Ascough Hansjoerg Joe Graziano Chairman Managing Director & Non-Exec Director Plaggemars Non-Exec Director CEO Non-Exec Director Experienced, Capable, Focused Experienced leadership team with a demonstrated track • Highly experienced • Geologist
Slide 7: Western Australia
Western Australia 1Moz Au Resource Close to existing operations Significant exploration upside ASX:PTN 7
Slide 8: Cardinia Gold Project – Mertondale and Cardinia East
Cardinia Gold Project – Mertondale and Cardinia East 21Mt @ 1.4g/t Au 1Moz open pit resource with significant exploration upside Close to existing infrastructure and third-party operations Free-milling ore can be processed via standard Carbon-in-Leach (CIL) Mertondale: Updated MRE 1 of 10.4Mt @ 1.
Slide 9: Upgraded Mertondale MRE
Upgraded Mertondale MRE Resource upgrade strengthens development optionality 18% increase in Resource grade to 1.4g/t 28% increase in Indicated Resources to 303koz 63% of ounces now Indicated Resource Broad zones of mineralization up to 50m true width Mineralisation remains open at depth a
Slide 10: Mertondale – Exploration Upside
Mertondale – Exploration Upside Highly prospective 10km long Mertondale East Shear Zone Mertondale focus of 2025 exploration programs Untested gold mineralisation in bedrock across broader Mertondale East trend Exploration Targets defined at Koi2 & Merlin3 Highly encouraging results from ini
Slide 11: Cardinia – New Discoveries Emerging
Cardinia – New Discoveries Emerging Follow-up drilling continues to demonstrate near-surface gold potential Shallow intercepts returned from Guppy drilling including6: 13m @ 2.12g/t Au from 105m (GU25RC002) 5km south of 475 koz Cardinia East resource part of the 1 Moz Cardinia Gold Project O
Slide 12: Northern Territory
Northern Territory Extensive, underexplored landholding across the Pine Creek Orogen +20 Moz historical Au endowment World-class uranium province Proven VMS production with polymetallic potential Limited modern exploration beyond known deposits ASX:PTN 12
Slide 13: Pine Creek – District-Scale Opportunity
Pine Creek – District-Scale Opportunity Pine Creek - +20Moz Au endowment Targeting gold, uranium and base-metal systems across a +20 Moz gold endowed mineral field with limited modern exploration. Existing 283,000 Oz Au open pit Mineral Resource at Glencoe, Fountain Head and Mount Porter Minin
Slide 14: Pine Creek – Back to Basics
Pine Creek – Back to Basics Systematic, data-driven exploration Data-driven approach to accelerate discovery and reduce risk Targeting large scale Au, U & VMS deposits Integration of new datasets Structural Studies Regolith study & mapping Geophysics amalgamation Belt-scale geoch
Slide 15: Belt-Scale Geochemistry - Targeting Major Systems
Belt-Scale Geochemistry - Targeting Major Systems Targeting large scale systems Belt-scale geochemical program recently completed across NT tenements7 +4,000 LAG, soil, and rock chip samples collected on a 400m x 400m grid Results to date have identified multiple priority gold targets at North
Slide 16: Defining Large-Scale Gold Systems
Defining Large-Scale Gold Systems Gold fertility validated, fast-tracking new drill Northern Leases Grove Hill targets for 2026 drilling Sampling has defined kilometre scale gold anomalies across multiple targets Northern Leases, Burnside North and Grove Hill exhibit broad gold responses Confi
Slide 17: Pine Creek – Fountain Head Gold Project
Pine Creek – Fountain Head Gold Project Fountain Head Gold Project Three near-surface Mineral Resources with immediate expansion potential Fountain Head & Tally Ho 156,000oz @ 1.7g/t Au Glencoe 79,000oz @ 1.2g/t Au Mt Porter 48,000oz @ 2.2g/t Au Limited recent exploration Fountain Head & T
Slide 18: Pine Creek – Uranium
Pine Creek – Uranium Untapped uranium potential in a world-class uranium province Pine Creek, one of the world’s largest and richest uranium provinces Alligator River Ranger (produced 132kt U3O8 @ 0.23% U3O8) Jabiluka (137kt U3O8 @ 0.55% U3O8 Resource) Rum Jungle (produced 3kt U3O8 @ 0.4%
Slide 19: Thunderball Deposit – Uranium
Thunderball Deposit – Uranium Thunderball – High-Grade Uranium Located in the world-class Pine Creek uranium province Discovered by Thundelarra Exploration in 2008 Limited modern exploration since initial discovery Post-Fukushima uranium market downturn Ownership transitions, permitting, a
Slide 20: 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 21: Patronus Invest
Patronus Invest LIQUID ASSETS ($69.6M)1 Strategic Investment Approach Cash, $1.1 Active investor in high-potential resource Investments, $22.3 companies Focus on undervalued opportunities aligned with exploration and development themes Term Deposits, Build strategic optionality through equity
Slide 22: Summary – Key Investment Takeaways
Summary – Key Investment Takeaways People Experienced leadership team with a proven track record in discovery, development, and value creation Projects Over 2.4Moz in gold and gold equivalents in Tier 1 jurisdictions Leonora (WA) – 1Moz gold; upgraded MRE and active drilling at Cardinia Gold P
Slide 23: Patronus Resources
PATRONUS RESOURCES
Slide 24: Appendices
Appendices >) Va PATRONUS RESOURCES 7) PATRONUS
Slide 25: Mertondale Mineral Resource
Mertondale 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 estimates in the relevant market announc
Slide 26: Cardinia Mineral Resource
Cardinia 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 estimates in the relevant market announcem
Slide 27: 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 28: 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 29: 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 30: 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