Patronus Resources Limited · ASX:PTN
Patronus Resources — RIU Fremantle Explorers Conference 2021
23 slides from Patronus Resources's conference presentation, Feb 16, 2021
Slide 1: Cardinia: building a significant gold inventory in a Tier-1 mining district
Cardinia: building a significant gold inventory in a Tier-1 mining district ASX: KIN 1.15Moz Resource with significant upside Investor Presentation – February 2021 Andrew Munckton, Managing Director Multiple new discoveries Aggressive exploration approach
Slide 2: Disclaimer
DISC LAIMER 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 | Growth through exploration
IN TRO D U CT IO N │ G ROW T H TH RO UG H E X PLOR AT I ON ASX-listed gold explorer with Over 60,000m of drilling completed strong strategic shareholder in 2020 – resulting in multiple new base discoveries 1.15Moz Mineral Resource Major leap forward in geological base at the 100%-owned under
Slide 4: Cardinia | Strategic footprint
C AR DI N IA │ ST RAT EG I C F OOT P RI N T • 436km2 land package just 30km from Leonora • Tier-1 gold mining district (multi-million ounce deposits) • 1.15Moz JORC Resource hosted in supergene and oxide dominant ore zones • Exploration-driven approach targeting new, larger, higher grade gold deposi
Slide 5: Corporate | Strategic shareholders
C ORPOR ATE │ ST R ATEGI C SH AR E H O LDE RS ASX: KIN Share price (12 February 2021) A$0.14 Shareholders Ordinary shares on issue (including 92.3M Retail 792.7M Institutional Investors Placement Shares) 25% 29% Options (exercise $0.24 - $1.25) 12.0M Market capitalisation (undiluted) $111.0M Directo
Slide 6: Team | Experienced, capable and focused
TEAM │ E X PE R I EN C ED, C A PA B LE AN D F OC USE D Andrew Munckton Steven Jones Glenn Grayson John Kelly Key consultants Managing Director & CEO CFO & Company Secretary Exploration Manager Engineering Manager Cube Consulting • Respected industry consultants • Specialists in Mineral Resource esti
Slide 7: The Opportunity | Minerie Greenstone Belt
THE OPPORTUNIT Y │ M IN ER I E GR E EN STON E BE LT • Dominant land-holding in under-explored greenstone belt • Limited deeper drilling, with the bulk of historical exploration focused around known deposits driven by an imperative to “feed the mill” • New project-wide, data-driven, bottom-up approac
Slide 8: Helens East | Significant AC and RC results
HELENS EAST│ SIGN IF IC ANT AC AND RC 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 gravity survey Significa
Slide 9: Cardinia Hill | Broad, shallow gold intercepts
C ARDIN IA HILL│ B ROA D, SH A LLOW GO LD I N T E RC EPT S Target area located just 2.5km east of proposed processing plant site Discovery Hole CH19AC018 – 9m at 3.05g/t Consistent high-grade, near-surface gold mineralisation intersected in RC and diamond drilling to 125m depth 76 RC holes a
Slide 10: Eastern Corridor | Geophysics and drilling
EASTERN CORRI DOR│ G EOP H YSI C S A N D DR I LLI N G 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 an
Slide 11: East Lynne | Large gold target – aircore
EAST LYN NE │ LA RG E G O LD TARG ET – A I RCO R E Target area NE of Cardinia containing several sets of historical workings including both East Lynne and Collymore trends Limited shallow drilling focused at the historical workings Large multi-element soil geochemical anomaly: 6km by 0.6km i
Slide 12: Bruno Lewis | RC and diamond drilling
BRUN O LEWI S│ RC A N D D I A M ON D DR I LL IN G Bruno Lewis – current MRE* of 10.1Mt at 1.05g/t Au for 311koz, with update expected in Mar Q 2021 Large surface footprint 5.0km by 1.0km of ore-grade intersections: Hundreds of near-surface holes to 50m depth Limited deeper drilling contains
Slide 13: Eagle | New mineralisation
EAG LE │ N E W M IN ER A LI SAT IO N Eagle/Crow lies 2km west of Bruno Lewis, 1km from Kyte 3m @ 4.5g/t Strong multi-element soil anomaly with limited drilling: 6km by 1km anomaly rich in Au-As-Sb with other spot 3m @ 27.1g/t highs in pathfinder elements Limited historical drilling returned
Slide 14: Cardinia | Multiple projects advancing
C ARDIN IA │ M ULT I PL E PROJEC TS A DVA N C I NG • Phase 1: Auger and regional AC drilling (December 19 – June 20) discovered several new deposits • Phase 2: AC follow-up and initial RC led to discovery of Cardinia Hill, Lewis East and Comedy King • Phase 3: Expanded program with focus on: • Broad
Slide 15: Cardinia | A camp-scale mineralised position
C ARDIN IA │ A C A MP - SC A LE MI N ER A LI SE D P O SI TI O N • Adjacent to the crustal-depth Keith Kilkenny Shear Zone (KKSZ) • Extensive N-S fault system links the KKSZ to the Cardinia and Mertondale areas • Numerous porphyry intrusions into felsic and mafic volcanics mark the gold mineralised e
Slide 16: Summary and key takeaways
SUM MARY AND K EY TAK EAWAYS Advanced 1.15Moz gold project in an attractive gold mining region with considerable untested exploration potential and significant growth potential The first drilling of new target areas at Cardinia in a decade has immediately yielded a number of gold discoveries within
Slide 17: Thank you | Questions
TH AN K YO U │ QU ESTI O N S Kin Mining has repositioned from near-term developer to explorer focused on the most value-accretive phase of the mining cycle… exploration and discovery. www.kinmining.com.au ASX: KIN 17 Slide 17
Slide 18: Kin Mining NL contact details
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
Slide 19: Kin Mining NL Mineral Resources
KIN MININ G NL MINER AL RESOURCES Cardinia Gold Project: Mineral Resources: December 2020 Notes Measured Resources Indicated Resources Inferred Resources Total Resources Lower Resource Gold Date See ASX Project Area Cut off Tonnes Au Au Tonnes Au Au Tonnes Au Au Tonnes Au Au Price (AUD) (g/t Au) (
Slide 20: Cardinia Geological Model
C ARDIN IA GEOLOGIC AL MODEL Evolution of the bi-modal Minerie Sequence Evolution of the Minerie sequence occurred during the subduction of oceanic plate below the Yilgarn continental plate creating the Kalgoorlie – Kurnalpi Rift. Cardinia sits near the western margin of the Kurnalpi Terrane adjacen
Slide 21: Early exploration breakthroughs
EARLY EXPLOR AT ION B REAKTHROUGHS Three significant new shallow discoveries made in December 2019 air-core drilling program have been followed up with recent RC drilling. Further RC and Diamond drilling is planned • Comedy King: • 4m @ 113 g/t Au from surface (CK20AC193) • 2m at 8.1 g/t Au from 37m
Slide 22: Cardinia – Cracking the geological code
C ARDIN IA – C R ACK ING TH E GEOLOGIC AL CODE • Mineralisation occurs as sulphidic fine grained sediments (shales and cherts) and as sulphide replacement mineralisation in structurally controlled positions • Mineralisation occurred close to the earth’s surface (<3km depth) • Quartz veins with boili
Slide 23: Exploration programs – In progress 2021-22 planning
EXPLOR ATION PROGR AMS – IN PROGRESS 2021-22 Planning $1,200k $700k Geophysical ground survey Gravity – greater Cardinia Haines Gravity, SGC Target Generation $200k Further detailed mapping – greater Cardinia Standing $300k Geochemical survey – New zones following model Auger Australia $3,300k $1,00
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