Patronus Resources Limited · ASX:PTN
Patronus Resources — Precious Metals Investment Symposium, Sydney 2019
25 slides from Patronus Resources's conference presentation, Oct 24, 2019
Slide 1: Investor Presentation
Investor Presentation Precious Metals Investment Symposium, Sydney October 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: Cardinia Gold Project
Cardinia Gold Project Delivering a more robust, higher returning gold project Advanced gold project located Mineral Resource of 841koz Pre-Feasibility Study 30km east of Leonora defined in both supergene and demonstrates positive project in the heart of a gold mining deeper primary mineralisation re
Slide 4: Corporate Overview
Corporate Overview 2% ASX: KIN Shareholders Share price (22 Oct 2019) A$0.035 Retail Investors Ordinary shares on issue 507.6M Directors 31% Options (exercise $0.27 - $1.25) 25.0M High Net Worths Market capitalisation (undiluted) $17.8M Institutional Cash (30 September 2019) $1.5M* 65% Debt Nil Liqu
Slide 5: Pre-Feasibility Study Outcomes
Pre-Feasibility Study Outcomes A viable development project with significant leverage to the Australian dollar gold price An 8+ year mine life producing an average 51koz gold per annum for the first five years Potential to improve forecast returns by displacing higher cost ounces introduced in y
Slide 6: Processing Centre
Processing Centre Development foundations established Processing 11.4Mt at 1.09g/t Au (398koz) to deliver 368koz of recovered gold over Life of Mine (8.2 years) Lawlers process plant – ball mill and crushing plant Development based on two open pit mining centres at Cardinia and Mertondale which
Slide 7: Cardinia Gold Project
Cardinia Gold Project Delivering a more robust, higher returning gold project Work programs underway and upcoming: 1 Pre-Feasibility Study: Updated in August 2019 and confirms a viable development pathway 2 Funding: Capital raising of $3.1M undertaken in October 2019 to support forward work programs
Slide 8: Exploration
Exploration 8
Slide 9: 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 greenstone belt which has yielded multiple deposits Mertondale 2, 3‐4 Large alteration systems identified –
Slide 10: CGP Exploration Potential
CGP Exploration Potential Applying geological learnings throughout the Cardinia region More than 60% 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 hist
Slide 11: 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-gr
Slide 12: 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 12
Slide 13: Geophysical Trial Underway
Geophysical Trial Underway Targeting new gold deposits in untested areas located under shallow cover Physical property testing of mineralised drill core has indicated Induced Polarisation (IP) and Electromagnetic (EM) surveys are capable of identifying the various mineralising styles IP and EM s
Slide 14: 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. More than 60% of Targeting the CG
Slide 15: Investment Summary
Investment Summary Clear ability to improve Advanced 841Koz gold PFS underpinned by forecast economics project in an attractive Significant leverage to robust cost estimates and through exploration and gold mining region with the strong Australian conservative acquisition to displace considerable un
Slide 16: 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 16
Slide 17: Appendices
Appendices 17
Slide 18: APPENDIX A – Technical and Geology Team
APPENDIX A – Technical 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 19: APPENDIX B Resource and Reserve estimates
APPENDIX B Resource and Reserve estimates CGP Resource & Reserve underpins future mine plan1 Increase in total Mineral Resource tonnage, grade Total Mineral Resource estimate of 18.2Mt @ 1.4g/t for and contained ounces from 841koz (June 2019) March 2019 estimate Predominantly defined in Cardinia
Slide 20: 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 21: APPENDIX D – Cardinia Geological Model
APPENDIX D – 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
Slide 22: APPENDIX E – Kin Mining NL Mineral Resources
APPENDIX E – 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 23: APPENDIX F – Cardinia Gold Project – Ore Reserve Estimate
APPENDIX F – Cardinia Gold Project – Ore Reserve Estimate1, 2, 3 Open Pit Mine Classification Tonnes (t) Grade (g/t) Metal (oz. Au) Kyte Probable 280,000 1.6 14,000 Proved 430,000 0.9 13,000 Bruno Lewis Probable 4,790,000 0.8 127,000 Helens Probable 480,000 1.8 28,000 Rangoon/Fiona Probable 490,000
Slide 24: 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 25: CGP Exploration Potential
CGP Exploration Potential Applying geological learnings throughout the Cardinia region CGP area captures +45km strike of the 1 entire Minerie formation sequence Exploration during the past 18 months has significantly advanced geological 2 understanding of the Cardinia region Mineralisation is
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