Patronus Resources Limited · ASX:PTN
Patronus Resources — RIU Explorers Conference February 2025
27 slides from Patronus Resources's conference presentation, Feb 19, 2025
Slide 1: Building a Diversified Resources Company
For personal use only Building a Diversified Resources Company Leveraging our experience and balance sheet to unlock value and deliver growth through exploration & strategic acquisition RIU Explorers| February 2025
Slide 2: Disclaimer and Competent Person’s Statement
Disclaimer and Competent Person’s Statement This presentation has been prepared by Patronus Resources Limited (ACN 150 597 541; ASX:PTN) (“Patronus” or “the Company”; formerly Kin Mining NL) and its subsidiary PNX Metals Limited (ACN 127 446 271) based on information available at the time of prepari
Slide 3: Board & Management
Board & Management Rowan Johnston Graham Ascough Hansjoerg Joe Graziano John Ingram Chairman Non-Exec Director Plaggemars Non-Exec Director Managing Director & For personal use only Non-Exec Director CEO Experienced, Capable, Focused Experienced leadership team with a demonstrated track • Highly e
Slide 4: Corporate Overview
CAPITAL STRUCTURE KEY METRICS (ASX:PTN) Shares on issue 1,637M Corporate Overview Share price $0.063 For personal use only Market capitalisation $98M Exceptional balance sheet Cash & Investments (31 Dec 2024) $79M EV $19M Liquidity 1.492M Significant discount to cash Mineral Resources 2.3Moz con
Slide 5: Project Overview
Project Overview Tier-1 jurisdictions: Leonora in WA and Pine Creek in the NT with further growth and consolidation opportunities For personal use only Quality assets in Tier 1 jurisdictions Highly active mining and exploration locations Strong platform for growth Multiple high-quality exploration t
Slide 6: Western Australia
Western Australia For personal use only 1Moz Au Resource Close to existing operations Recent MRE upgrade at Mertondale 150 - 800koz Exploration Target at Koi
Slide 7: Cardinia Gold Project – Mertondale and Cardinia East
Cardinia Gold Project – Mertondale and Cardinia East 21Mt @ 1.4g/t Au 1Moz open pit resource with significant For personal use only exploration upside Close to existing infrastructure and third-party operations Metallurgical test work confirms free-milling gold can be processed via standard Carbon-i
Slide 8: Upgraded Mertondale MRE
Upgraded Mertondale MRE Upgraded Mertondale Resource Estimate For personal use only 18% increase in Resource grade to 1.4g/t 28% increase in Indicated Resources to 303koz 63% of contained ounces at Mertondale now Indicated Resource Broad zones of mineralization up to 50m true width Mineral
Slide 9: Koi Exploration Target
Koi Exploration Target 150 - 800koz Koi Exploration Target For personal use only Exploration Target Tonnage (Mt) Au (g/t) Au (koz) Koi 3.2 - 6.4 1.5 – 4.0 150 – 800 The potential quantity and grade of the Exploration Target is conceptual in nature, and there has been insufficient exploration to esti
Slide 10: Mertondale 2025 Exploration
Mertondale 2025 Exploration Highly prospective 10km long Mertondale East Shear Zone For personal use only 241koz Au open pit Mineral Resources at Merton’s Reward and Mertondale 3- 4/North Deposits Highly prospective Merlin prospect with historic high-grade intercepts including 15m @ 5.23 g/t f
Slide 11: Cardinia Gold Project 2025 Regional Exploration
Cardinia Gold Project 2025 Regional Exploration Testing pipeline of quality exploration targets across For personal use only our extensive land package Iron King non-JORC Resource and high-grade intercepts in 90’s drilling The Royals significant historic surface anomalism, granite contact with m
Slide 12: Northern Territory
Northern Territory For personal use only Extensive highly prospective land package over the Pine Creek Orogeny World-class uranium province +20 Moz Au endowment Historical VMS production
Slide 13: Pine Creek – Uranium
Pine Creek – Uranium Untapped uranium potential in a world-class uranium province Pine Creek is one of the world’s largest and richest uranium For personal use only provinces Alligator River - Ranger, Jabiluka deposit Rum Jungle South Alligator Valley – Coronation Hill Patronus’ tenements
Slide 14: Thunderball
Thunderball Drilling approvals imminent For personal use only Bonanza grades in historic drilling from Thunderball: 15.0m @ 1.5% U3O8 from 139.0m in TPCRC019 11.0m @ 3.4% U3O8 from 144.0m in TPCDD026 Initial 1,500m drill programme planned at Thunderball Targeting extensions to the Thunderb
Slide 15: Northern Territory Gold
Northern Territory Gold Pine Creek - +20Moz Au endowment Patronus holds belt-scale tenure For personal use only 283koz Au open pit Mineral Resources at Glencoe, Fountain Head and Mount Porter with immediate upside potential Mining and processing plant approvals in place at Fountain Head Gold P
Slide 16: Fountain Head Gold Project
Fountain Head Gold Project Fountain Head Gold Project For personal use only Three near-surface Mineral Resources with immediate expansion potential Fountain Head & Tally Ho 156koz @ 1.7g/t Glencoe 79koz @ 1.2g/t Mt Porter 48koz @ 2.2g/t Limited recent exploration Fountain Head & Tally Ho
Slide 17: Hayes Creek – Base Metals
Hayes Creek – Base Metals High-grade volcanic-hosted massive sulphide deposits For personal use only Hayes Creek VMS Project global resource at Mt Bonnie and Iron Blow of 177kt Zn, 37kt Pb, 16 Moz Ag, 0.2Moz Au VMS deposits typically occur in camps within the same stratigraphy To date >40km of
Slide 18: Pine Creek 2025 Regional Exploration
Pine Creek 2025 Regional Exploration Back to basic regional exploration approach For personal use only Limited modern exploration outside of known resources Target Generation: Structural Studies Regolith mapping Geophysics amalgamation Broad scale auger programmes Maud Creek Targetin
Slide 19: 2025 Exploration Programs
2025 Exploration Programs Multi-pronged work programs expected to underpin continued news-flow For personal use only
Slide 20: Summary – Key Investment Takeaways
Summary – Key Investment Takeaways People For personal use only Highly experienced team: Proven track record of success Transformational deals: Recent deals with Genesis Minerals (ASX: GMD) and PNX Metals Projects Over 2.4Moz in gold and gold equivalents 1Moz gold in Leonora: MRE update, on-
Slide 21: Appendices
For personal use only Appendices
Slide 22: Mertondale Mineral Resource
Mertondale Mineral Resource Patronus confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant market announc
Slide 23: Cardinia Mineral Resource
Cardinia Mineral Resource Patronus confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcem
Slide 24: Fountain Head, Tally Ho and Glencoe Mineral Resource
Fountain Head, Tally Ho and Glencoe Mineral Resource PNX confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the rel
Slide 25: Mt Porter Mineral Resource
Mt Porter Mineral Resource PNX confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements
Slide 26: Hayes Creek Mineral Resource
Hayes Creek Mineral Resource PNX confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcemen
Slide 27: Hayes Creek Mineral Resource
Hayes Creek Mineral Resource PNX confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcemen
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