Patronus Resources Limited · ASX:PTN
Patronus Resources — Investor Presentation (August 2019)
24 slides from Patronus Resources's investor presentation, Aug 5, 2019
Slide 1: Investor Presentation
Investor Presentation Diggers and Dealers Conference, Kalgoorlie August 2019 ASX: KIN
Slide 2: Disclaimer
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
Slide 3: Corporate Overview
Corporate Overview Shareholders 1% 5% ASX: KIN Retail Investors Share price (31st July 2019) A$0.08 Ordinary shares on issue 483.4 M Directors 33% Options (exercise $0.27 - $1.25) 25.0M High Net Worths Market capitalisation (undiluted) $38.7M Service Companies Cash (30 June 2019) A$3.1 M Institution
Slide 4: Cardinia Gold Project
Cardinia Gold Project Delivering a more robust, higher returning gold project Advanced gold project located Mineral Resource of 841koz Controlling 414km2 position in 30km east of Leonora defined in both supergene and a large greenstone belt in the heart of a gold mining deeper primary mineralisation
Slide 5: Cardinia Gold Project
Cardinia Gold Project Delivering a more robust, higher returning gold project PFS work programs completed: 1 Simplified mine plan: Baseload source with higher grade satellite feed. 2 Exploration: Understanding the geology and using this to explore. Enormous project potential. 3 Resource/Reserve: Usi
Slide 6: Mineral Resource
Mineral Resource Resource highlights Underpins future mine plan, upcoming Ore Reserve and PFS outcomes 18.2 million tonnes at a grade of 1.44 g/t Au for ▪ Updated 841koz Au Mineral Resource Estimate 841,000 ounces released in June 2019. ▪ Predominantly from the Cardinia and Mertondale Increase in to
Slide 7: Cardinia Gold Project
Cardinia Gold Project Bruno-Lewis baseload pit ▪ New Bruno-Lewis geological Original Feasibility Study Updated PFS mine plan model comprises a combination mine plan included 16 underpinned by baseload of low sulphidation epithermal, shallow, open pit mines feed from Bruno-Lewis volcanogenic massive
Slide 8: Processing Centre
Processing Centre Development foundations established ▪ Lawlers processing plant purchased from Gold Fields in August 2017. ▪ Construction activities Lawlers process plant – ball mill and crushing plant suspended in May 2018. ▪ A$10M already spent on infrastructure. ▪ Site on care and maintenance an
Slide 9: Experienced Management and Geology Team
Experienced Management and Geology Team Technical Management Key Consultants Andrew Munckton • Geologist with 35+ years experience, technical and Entech • Respected industry consultants. Managing Director and operations, underground and open pit. • Specialists in Open Pit Optimisation, CEO • Previou
Slide 10: Exploration
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Slide 11: Minerie Greenstone Belt
Minerie Greenstone Belt Mertondale 5 A large mineralised system with outstanding discovery potential Eclipse, Tonto Randwick Quicksilver ▪ Controlling 414km2 landholding in an underexplored Mertondale 2, 3-4 greenstone belt which has yielded multiple deposits. ▪ Large alteration systems identified –
Slide 12: CGP Exploration Potential
CGP Exploration Potential Applying geological learnings throughout the Cardinia region ▪ CGP area captures +45km strike of the Mertondale 5 entire Minerie formation sequence. 1 Quicksilver ▪ Exploration during the past 18 months Mertons Reward Mertondale 2, 3-4 has significantly advanced geological
Slide 13: CGP Exploration Potential
CGP Exploration Potential Applying geological learnings throughout the Cardinia region ▪ Two thirds of the CGP is covered with recently transported alluvial, colluvial and aeolian gravels, sands and soils. ▪ Historic mines all located at surface on outcrop. ▪ A large proportion of the regional histo
Slide 14: Follow-up Drilling
Follow-up Drilling Primary gold targets ineffectively tested under cover ▪ Extensive areas of high-grade (+5 g/t Au) mineralisation in historic drilling outside current Mineral Resource. ▪ Generally associated with historic shafts in areas of sub-crop. ▪ Very limited drilling along strike from high-
Slide 15: CGP Depth Potential
CGP Depth Potential Primary gold targets ineffectively tested beneath 100m All drilling Drilling deeper than 50m vertical depth Drilling deeper than 100m vertical depth 15
Slide 16: Forward Work Program
Forward Work Program Exploration and development assessment continues in parallel Build the project funnel with low level projects to develop through to future resources. Target Geologic generation through geochemical and geophysical surveys and looking under cover. Almost 2/3 of the Targeting Cardi
Slide 17: Peer Comparison
Peer Comparison Relative value comparison to select Australian gold exploration and development peers* $160 ▪ Enterprise value per Mineral Resource ounce for ASX-listed gold 140 developers and advanced explorers with 120 Australian-based assets. 100 ▪ Select companies with a market capitalisation 80
Slide 18: Investment Summary
Investment Summary ▪ Advanced 841Koz gold project in an attractive and active gold mining region ▪ Clear objective of delivering a more robust, lower risk and higher returning project ▪ Pre-Feasibility Study being finalised and due for release by mid-August 2019 ▪ Dominant 100%-owned landholding in
Slide 19: Contact details
Contact details Kin Mining NL Level 1, 342 Scarborough Beach Rd Osborne Park WA 6017 T: 61 8 9242 2227 E: info@kinmining.com.au ASX: KIN 19
Slide 20: Appendices
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Slide 21: APPENDIX A – Kin Mining NL Mineral Resources
APPENDIX A – Kin Mining NL Mineral Resources Notes Cardinia Gold Project: Mineral Resources: June 2019 Resource Lower Measured Resources Indicated Resources Inferred Resources Total Resources Project Area Gold Price Cut off Tonnes Au Au Tonnes Au Au Tonnes Au Au Tonnes Au Au ▪ See ASX Announcement 9
Slide 22: APPENDIX B – Additional Peer Comparison Information
APPENDIX B – Additional Peer Comparison Information* Company ASX Code Enterprise Value (A$) Mineral Resource (koz) Development Stage Bellevue Gold BGL 266.7 1800 Exploration Capricorn Metals CMM 156.4 1525 Feasibility EganStreet Resources EGA 41.9 454 DFS Breaker Resources BRB 77.6 1084 PFS Echo Res
Slide 23: APPENDIX C – Cardinia Geological Model
APPENDIX C – Cardinia Geological Model Type Location for this kind of Au-Ag rich shallow crustal mineralisation in bi-modal volcanic terrains of the Archaean Abitibi Greenstone belt, Canada 1. Low sulphidation epithermal Au-Ag. Present at Bruno-Lewis High temperature, low pressure. Potassic alterati
Slide 24: APPENDIX C – Cardinia Geological Model
APPENDIX C – Cardinia Geological Model Evolution of the bi-modal Minerie Sequence 1. Initial uplift and mafic volcanism during rifting of the Welcome Well Formation – extrusion of the Mafic Flow unit 1 2. Acid volcanic activity followed depositing felsic volcanics and subsequent volcanoclastic sedim
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