Patronus Resources Limited · ASX:PTN
Patronus Resources — Shareholder Meeting (November 2018)
15 slides from Patronus Resources's shareholder meeting presentation, Nov 29, 2018
Slide 1: AGM Presentation
1 PRESENTATION AGM 29 November 2018
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
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
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
Slide 5: DFS Recap – Announced 2 October 2017
5 DFS Recap – Announced 2 October 2017 ▪ Mining ▪ 373Koz Ore Reserve – 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 Transitional. 38% Fresh rock ▪ Proces
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
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
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
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
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
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
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
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
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
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 – 1.06 Moz Au Au Au Tonnes Au Au Tonnes Au Au (g/t Au) (Mt) (g/t (k Oz) (Mt) (g/t (k Oz) (Mt) (g/
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