Patronus Resources Limited · ASX:PTN
Patronus Resources — Investor Presentation (May 2023)
19 slides from Patronus Resources's investor presentation, May 16, 2023
Slide 1: Delivering new discoveries & resource growth in the Leonora Gold District
Delivering new discoveries & resource growth in the Leonora Gold District Investor Update May 2023 ASX: KIN | kinmining.com.au
Slide 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 in connection
Slide 3: Introduction: Investment Snapshot
INTRODUCTION│ • ASX-listed gold explorer with strong strategic shareholder base including INVESTMENT SNAPSHOT Delphi with 41% and ASX-200 gold producer St Barbara with 13% • 1.4Moz Mineral Resource base at the 100%-owned Cardinia Gold Project near Leonora • Aggressive ongoing exploration commitment
Slide 4: Cardinia | Strategic Footprint
CARDINIA | STRATEGIC FOOTPRINT • 777km2 land package just 30km from Leonora • Tier-1 gold mining district • Two strategic blocks of tenure • Desdemona between Gwalia (SBM) and Ulysses (GMD) containing 200koz at 2.1g/t • Cardinia 1.2Moz at 1.2g/t between Gwalia (SBM), Mt Morgans (DCN) and Redcliffe (
Slide 5: Corporate | Robust Capital Structure
CORPORATE │ ROBUST CAPITAL STRUCTURE ASX: KIN Shareholders Share price (10 May 2023) A$0.04 Ordinary shares on issue 1178M Options (exercise $0.24) 2.0M Market capitalisation (undiluted) $44M Cash (31 March 2023) $6.7M Investments (10 May 2023) $7.6M Liquidity (avg. daily traded shares) 0.4M Board o
Slide 6: Team | Experienced, Capable and Focused
TEAM │ Key consultants EXPERIENCED, CAPABLE AND FOCUSED Cube Consulting • Respected industry consultants • Specialists in Mineral Resource estimates, optimization, mine design and scheduling Como Engineers • Established industry consultants, long history Andrew Munckton Stephen Jones Leah Moore Chad
Slide 7: Opportunity | Minerie Greenstone Belt
OPPORTUNIT Y | • Dominant land-holding in an under- MINERIE GREENSTONE BELT explored greenstone belt • Limited deeper drilling, with the bulk of historical exploration focused around known deposits driven by survival imperative • Large alteration systems related to gold multiple generations of gold
Slide 8: Western Cardinia | Significant Results
WESTERN CARDINIA | SIGNIFICANT RESULT S • Activation of major N-trending geological contact with crosscutting NE trending faults and flat NE dipping structures. Situated in gravity low • Mineralisation is Qz-Py-Ank, high grade Au-Ag with Cu-Mo-Pb-Zn-Te accessory sulphide signature • Shallow, High-gr
Slide 9: Eastern Corridor | Recent Results
EASTERN CORRIDOR | RECENT RESULT S • Buried felsic intrusion results in reactivation of major N-trending faults and flat east dipping “linking” structures. • Mineralisation is Qz-Py-Ank, high grade Au-Ag with Cu-Mo-Pb-Zn-Te accessory sulphide signature • High-grade intersections from all locations:
Slide 10: Recent Results - Helens Rangoon | Steep Dip-High Grade
RECENT RESULT S -HELENS RANGOON | STEEP DIP-HIGH GRADE • Multiple high grade shoots along 3.0km mineralised structure. Open to the North (currently being tested by AC program), Open down dip. Sometimes very high grade +15g/t, Sulphides able to be targeted with geophysics ASX: KIN | kinmining.com.au
Slide 11: Eastern Corridor | IP Targets
EASTERN CORRIDOR | IP TARGETS • First generation of deeper targets to be tested at Cardinia, representing significant exploration development for the project • 5 diamond holes completed across two IP sections, 1500m apart at Cardinia East. • Target anomalies are in areas where mapping and resistivit
Slide 12: Eastern Corridor | IP Targets
EASTERN CORRIDOR | IP TARGETS • IP22DD001 intersected two zones of interest • laminated veins with carbonate alteration and minor pyrite between 104m and 131m downhole with coarse free gold at 104.7m. Assay - 0.6m at 30.6g/t Au • 13m wide zone of veinlet, matrix and disseminated pyrite and sericite-
Slide 13: Eastern Corridor | Metallurgy
EASTERN CORRIDOR | METALLURGY • Sulphide mineralisation easily recognisable in deeper drilling RC and core. Quartz- Pyrite-Ankerite mineralisation…”gold is where the pyrite is” • Gold and silver is fine, associated with pyrite, chalcopyrite and galena • Metallurgical testwork shows high recovery fro
Slide 14: Development Options
DEVELOPMENT OPTIONS| • Partnered Development - JV / Ore Sale and Purchase • 9.0 -10Mtpa processing capacity within 80km – some underutilised • 3 plants with CIL process, 1 with future sulphide capacity • Two Open Pit developments approved/applied for with DMIRS. A third in preparation. • Approximate
Slide 15: Leonora Consolidation
LEONORA CONSOLIDATION | 2020 Dacian purchases 100% of NTM 2021 St Barbara purchases 19% of Kin Mining St Barbara purchases 100% of Bardoc R Finlayson joins and restructures Genesis 2022 Genesis purchases 80% of Dacian Kin/Delphi purchases 10% of Dacian 2023 Red5 Commissions KOTH Genesis and Silver L
Slide 16: Leonora Consolidation | The Prize
LEONORA CONSOLIDATION | THE PRIZE Three processing plants - 9.0 - 10.0 Mtpa dependent on ore supply • KOTH 4.7 - 5.1Mtpa - Red ASX 2/8/21 • MMP 2.9 - 3.3Mtpa – GMD ASX 17/4/23 • Gwalia 1.4 – 1.7Mtpa – GMD ASX 17/4/23 • Total 9.0 - 10.0Mtpa Mineral Resources total 20.8Moz at 2.1g/t • KOTH 4.4Moz at 1
Slide 17: Summary and Key Takeaways
SUMMARY AND KEY TAKEAWAYS • Advanced 1.4Moz gold project in an attractive gold mining region with considerable untested exploration potential and significant growth profile • Focused on major discoveries and unlocking the potential of a belt-scale resource base and exploration opportunity • Targeted
Slide 18: Thank You & Questions
THANK YOU & QUESTIONS Kin Mining NL Level 1, 342 Scarborough Beach Rd Osborne Park WA 6017 T: 61 8 9242 2227 E: info@kinmining.com.au
Slide 19: Kin Mining NL | Mineral Resources
KIN MINING NL | MINERAL RESOURCES Cardinia Gold Project: Open Pit Mineral Resources: September 2022 Cardinia Gold Project: Underground Mineral Resources: September 2022 Resource Lower Cut Measured Resources Indicated Resources Inferred Resources Total Resources Date Lower Cut Measured Resources Indi
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