Patronus Resources Limited · ASX:PTN

Patronus Resources — Investor Presentation (October 2020)

22 slides from Patronus Resources's investor presentation, Oct 12, 2020

  1. Slide 1: Increasing the momentum at Cardinia…

    ASX: KIN Increasing the momentum at Cardinia…  New discoveries 45,000m of drilling underway for 2H 2020  Multi-pronged exploration program Exploration strategy update  Belt-scale potential Investor Presentation – October 2020 │ Andrew Munckton, Managing Director

  2. 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

  3. Slide 3: Kin Mining – A New Chapter of Growth and Opportunity

    Kin Mining – A New Chapter of Growth and Opportunity • 100%-owned Cardinia Gold Project, Western Australia • Strategic 436km2 land package 30km from Leonora – a Tier-1 Australian gold mining district (multi-million ounce deposits) • Existing 945koz JORC Resource hosted in supergene and oxide dominan

  4. Slide 4: Corporate Overview

    Corporate Overview ASX: KIN Shareholders Share price (9 October 2020) A$0.19 3% 29% Ordinary shares on issue 700.0M Retail Investors Options (exercise $1.00 - $1.25) 10.0M Directors Market Capitalisation (undiluted) $133M High Net Worths 2% Institutional Cash (30 September 2020) $6.0M 66% Debt Nil L

  5. Slide 5: Technical and Geology Team

    Technical and Geology Team Technical Management • Geologist with 35+ years experience, technical and operations, underground and open pit Andrew Munckton • Previous Managing Director of Avalon Minerals, General Manager Gindalbie Metals Managing Director and CEO • Previously General Manager of Operat

  6. Slide 6: The Opportunity – Minerie Greenstone Belt, WA

    The Opportunity – Minerie Greenstone Belt, WA • Controlling 436km2 land-holding in an under-explored greenstone belt, which has yielded multiple discoveries • Acquired in late 2014 from administrator of Navigator Resources - Exploration over the past decade has focused on areas around the known depo

  7. Slide 7: Cardinia – Multiple Projects Advancing in Parallel

    Cardinia – Multiple Projects Advancing in Parallel • Phase 1. Auger and regional AC drilling from December 2019 to June 2020 discovered several new deposits. Hobby • Phase 2. AC follow up and initial RC led to discovery of Cardinia Hill, Lewis East and Comedy King. • Phase 3. Program with focus on a

  8. Slide 8: Cardinia Hill – Broad, Shallow Gold Intercepts

    Cardinia Hill – Broad, Shallow Gold Intercepts  Target area located just 2.5km east of proposed processing plant site  Previous exploration a single line of AC - 7m at 6.0g/t in 2015  Consistent high-grade, near-surface gold mineralisation intersected in RC drilling in Feb 2020  34 RC holes and

  9. Slide 9: Helens East – Significant Air-core and RC Results

    Helens East – Significant Air-core and RC Results  Target area located immediately adjacent to Cardinia Hill – no previous exploration  Strong soil Geochem…then…Significant zones of shallow gold mineralisation intersected in broad spaced air-core holes  Intersections from 4m composite sampling fr

  10. Slide 10: East Lynne – Large gold Target –Aircore

    East Lynne – Large gold Target –Aircore  Target area NE of Cardinia containing several sets of historical workings. Limited shallow drilling focussed at the historical workings  Large multielement soil geochemical anomaly  6.0km by 0.6km in multi-elements, gold rich for 3.2km  Major geological c

  11. Slide 11: East Lynne – Large gold Target –Geophysics and Diamond drilling

    East Lynne – Large gold Target –Geophysics and Diamond drilling  East Lynne underlain by major geological contact  Strong, consistent IP anomaly surveyed in 2013. Limited shallow testing. No deep drilling.  Line 2 Aircore  Nil Significant Au assay in 13 holes to 70m.  But…geology is interesting

  12. Slide 12: East Lynne – Large gold Target –Geophysics and Diamond drilling

    East Lynne – Large gold Target –Geophysics and Diamond drilling  East Lynne – Major contact hosted by Volcaniclastic rocks  The IP anomaly is extensive. 3+km long extending south from Line 2  8 Diamond holes (2 per line) at 800m spacing in progress  12 RC holes completed below ore grade AC resul

  13. Slide 13: East Lynne and Cardinia – Large gold Mineralised System

    East Lynne and Cardinia – Large gold Mineralised System  Target area NE of Cardinia containing several sets of historical workings. Not seen previously as a Mineralised System  Infill AC drilling to 200m spacings complete. Assays do date.  4m at 3.14g/t Au from 16m (CM20AC008)  4m at 1.23g/t Au

  14. Slide 14: Iron King – second large gold Target –Aircore

    Iron King – second large gold Target –Aircore  Target area 45km north of Leonora, 13km NW of King of the Hills. Contains several sets of historical workings. Limited shallow drilling and surface mining. Held by Kin since IPO in 2013.  Historical production  Victory. (pre 1954) 11,638 oz at 95.6g/

  15. Slide 15: Summary and Key Takeaways

    Summary and Key Takeaways Advanced 945Koz gold project in an attractive gold mining region with considerable untested exploration potential. Resources to be updated in Dec Q 2020. The first drilling of new target areas at Cardinia in a decade has immediately yielded a number of new gold discoveries

  16. Slide 16: Thank you.

    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 Thank you.

  17. Slide 17: APPENDIX A: Kin Mining NL Mineral Resources

    APPENDIX A: Kin Mining NL Mineral Resources Cardinia Gold Project: Mineral Resources: January 2020 Notes Measured Resources Indicated Resources Inferred Resources Total Resources Resource Lower  See ASX Project Area Gold Price Cut off Tonnes Au Au Tonnes Au Au Tonnes Au Au Tonnes Au Au Announcement

  18. Slide 18: Cardinia Geological Model

    Cardinia Geological Model Evolution of the bi-modal Minerie Sequence Evolution of the Minerie sequence occurred during the subduction of oceanic plate below the Yilgarn continental plate creating the Kalgoorlie – Kurnalpi Rift. Cardinia sits near the western margin of the Kurnalpi Terrane adjacent t

  19. Slide 19: Early Exploration Breakthroughs

    Early Exploration Breakthroughs Three significant new shallow discoveries made in December 2019 air-core drilling program have been followed up with recent RC drilling. Further RC and Diamond drilling is planned • Comedy King: • 4m @ 113 g/t Au from surface (CK20AC193) • 2m at 8.1 g/t Au from 37m (C

  20. Slide 20: Cardinia – Cracking the Geological Code

    Cardinia – Cracking the Geological Code • Mineralisation occurs as sulphidic fine grained sediments (shales and cherts) and as sulphide replacement mineralisation in structurally controlled positions • Mineralisation occurred close to the earth’s surface (<3km depth) • Quartz veins with boiling flui

  21. Slide 21: Cardinia – Cracking the Geological Code

    Cardinia – Cracking the Geological Code • Over 60% of Kin’s tenure is under recent transported cover and has seen little previous modern exploration – shallow alluvial and sheet-wash cover conceals potential deposits • Using extensive high-quality assaying, Kin has undertaken 4,200 auger samples acr

  22. Slide 22: Cardinia – Metallurgical testwork - IMO Recovery

    Cardinia – Metallurgical testwork - IMO • Strong association between sulphides and gold mineralisation Gravity + 48 Hr Leach Recovery Testwork v Material Type 150um, 106um and 75um grind – 95 Samples at Cardinia – two styles of gold mineralisation 100.0% • Recovery is a function of oxidation, grade

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