Patronus Resources Limited · ASX:PTN
Patronus Resources — RRS Gather Round 2024
18 slides from Patronus Resources's conference presentation, Apr 5, 2024
Slide 1: RRS Gather Round Presentation (Amended ASX Announcement)
ASX Announcement 5 April 2024 AMMENDED RRS GATHER ROUND PRESENTATION Amendment to reference original ASX Announcements for exploration results and MRE Kin Mining NL (ASX: KIN or “the Company”) is pleased to provide the attached revised RRS Gather Round Presentation released to the market yesterday,
Slide 2: Changing the Game in Leonora: Gold, Base Metals and Beyond
CHANGING THE GAME IN LEONORA GOLD, BASE METALS AND BEYOND RRS Gather Round | Adelaide 4 April 2024 ASX: KIN | kinmining.com.au
Slide 3: Corporate | Robust Capital Structure
CORPORATE│ROBUST CAPITAL STRUCTURE Directors Shareholders 1% ASX: KIN Retail 22% Share price (28/3/2024) A$0.067 Institutional 5% Ordinary shares on issue 1,178M High Net Worths Market Capitalisation $79M 17% Delphi 41% Cash and Liquid Assets (28/3/24) $87M SBM 14% Debt Nil Liquidity (avg. daily tra
Slide 4: Why Kin? Key Investment Fundamentals
W H Y K IN? │K E Y INV E S T M E NT FU NDAM E NTAL S People Highly experienced team: Proven track record of success Transformative deals: Recent transactions with Genesis Minerals (ASX: GMD) Platform $87M in cash & liquids: Unique position of strength in the current climate Trading at a disc
Slide 5: Board & Management | Experienced, Capable, Focused
BOARD & MANAGEMENT│EXPERIENCED, CAPABLE, FOCUSED Rowan Johnston Hansjoerg Plaggemars Nicholas Anderson Steven Jones Leah Moore Joe Graziano Executive Chairman Non-Executive Director Executive Director - CFO & Company Secretary Exploration Manager Non-Executive Director Business Development • Highly
Slide 6: Strategy | An Exceptional Platform for Growth
STRATEGY│AN EXCEPTIONAL PLATFORM FOR GROW TH Four-pronged strategy to deliver growth and crystallise value for shareholders: Continued base metals exploration Enhanced gold exploration and resource growth/definition for the Mertondale and East Cardinia deposits – currently 22.1Mt @ 1.31g/t (93
Slide 7: Minerie Domain | Changing the Game
MINERIE DOMAIN│CHANGING THE GAME District re-think worked VHMS discovery at Albus opens entirely new region Leading to new discoveries in old areas Exploration-driven approach Make quick decisions Think outside the box New data layers will also improve target quality for gold Strong
Slide 8: Albus | New VHMS Discovery
ALBUS│NEW VHMS DISCOVERY Significant VHMS mineralisation discovered between the Helens and Rangoon gold deposits at Cardinia east Reassessment of deep diamond drill holes targeting gold that were drilled in 2022 Re-assaying of diamond hole IPD0001 produced a ‘discovery’ intercept; 5.7m @ 5.3
Slide 9: Diamond Drilling to Date
DIAMOND DRILLING TO DATE Targeting gold and base metals Considered diamond drill program with DHEM Deep targets under Helens and Cardinia Hill are >200m down-dip in areas of structural complexity and focus of high grades Continue VHMS exploration with gravity and IP data collection, along wi
Slide 10: Albus | Drill Update
ALBUS | DRILL UPDATE 2 out of 3 recent holes intersected the favourable Albus horizon where predicted – now three intercepts in total with results pending for the remainder AB24DD002 drilled into a fault with an interpreted 100m offset AB24DD001: 1.8m @ 1.74% Zn, 0.39% Pb, 28.11 g/t Ag, 0.07 g
Slide 11: Recap | An Exceptional Platform for Growth
RECAP│AN EXCEPTIONAL PLATFORM FOR GROW TH Market Cap $79M (doubled in 6 months) Cash and liquid assets of A$87 million Retained 932koz – close to local processing plants: East Cardinia: 475k oz @ 1.42 g/t Mertondale: 457k oz @ 1.22 g/t Recent VHMS discovery with multiple horizons could p
Slide 12: Retained Quality Ounces
RETAINED QUALIT Y OUNCES Following the Genesis acquisition, 932,000 oz gold optimized Resources remains in 100% KIN-owned tenure Close to existing infrastructure and future Genesis developments Metallurgical testwork confirms standard CIL processing. Mertondale: 11.7Mt @ 1.22 g/t for 457,0
Slide 13: Mertondale – Ready to Go
MERTONDALE – READY TO GO No significant work for 10 years Previous access issues now resolved Ready to mine – imminent Revisit the data and assess the opportunities Plan for an aggressive resource definition program to commence Q2 onwards: Extensions and increase confidence GMD’s Hub p
Slide 14: Cardinia – Discovery Upside
CARDINIA – DISCOVERY UPSIDE Multiple VHMS and gold targets within this relatively small area of the Minerie Domain Five high-priority VHMS targets along the favourable horizons Will be tested with shallow RC from next quarter onwards 2km long gold trend between Rangoon and Collymore Recent
Slide 15: Summary | Key Objectives
SUMMARY | KEY OBJECTIVES GROW A QUALITY TEAM BASE METALS GOLD DISTRICT EVALUATION Consolidation Use latest technology and Have we found a new Build on existing VHMS discovery has Both large and small so science VHMS camp? Economic +900koz resources by forced a rethink of the long as value-accretive
Slide 16: Thank You & Questions
THANK YOU & QUESTIONS KIN A well-funded growth opportunity. ASX: KIN | kinmining.com.au 15
Slide 17: 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 18: Kin Mining NL | Mineral Resources
KIN MINING NL | MINERAL RESOURCES Notes ▪ See ASX Announcement 23 July 2023 “Cardinia Gold Project Mineral Resource Update” and 23 December 2023 “Kin accepts Genesis offer for 610k oz gold” ▪ The Company confirms that all material assumptions and technical parameters underpinning the estimates conti