Patronus Resources Limited · ASX:PTN
Patronus Resources — RIU Explorers' Conference 2022
20 slides from Patronus Resources's conference presentation, Feb 15, 2022
Slide 1: Delivering New Discoveries & Resource Growth in the Leonora Gold District
DELIVERING NEW DISCOVERIES & RESOURCE GROWTH IN THE LEONORA GOLD DISTRICT RIU Explorers’ Conference 15-17 February 2022 ASX: KIN | kinmining.com.au
Slide 2: Disclaimer
DISCLAIM ER 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 │INVES TMENT SNAPSHOT ASX-listed gold explorer with strong strategic 1.28Moz Mineral Resource base at the 100%- shareholder base including ASX-200 gold owned Cardinia Gold Project near Leonora producer St Barbara with 18% stake Regularly delivering new discoveries – Mt Flora, Aggressive
Slide 4: Cardinia | Strategic Footprint
CARDINIA │ STRATEGI C FOOTPRI NT 814km2 land package just 30km from Leonora Tier-1 gold mining district 1.28Moz Mineral Resource hosted in oxide-dominant ore zones at three centres – Cardinia, Mertondale and Raeside Exploration-driven approach targeting new, larger, higher grade gold deposit
Slide 5: Corporate | Robust Capital Structure
CORPORATE │ ROBUS T CAPITAL S TRUCTURE ASX: KIN Shareholders Delphi Share price (11 February 2022) A$0.105 Retail 24% 29% Ordinary shares on issue 866.0M Options (exercise $0.24 - $1.25) 6.0M Market Capitalisation (undiluted) $91M Cash (31 Dec 2021) $7.3M SBM 18% Debt Nil High Net Worth 27% Director
Slide 6: Team | Experienced, Capable and Focused
Key consultants TEAM │EXPERI ENCE D, CAPABLE AND FO CUSED Cube Consulting Andrew Munckton Steven Jones • Respected industry Glenn Grayson Chad Maloney Managing Director & CEO consultants CFO & Company Secretary Exploration Manager Mining Manager • Specialists in Mineral Resource estimates, optimizat
Slide 7: Opportunity | Minerie Greenstone Belt
OPPORTUNIT Y | M INERIE GREE NS TONE BELT Dominant land-holding in an under-explored greenstone belt Limited deeper drilling, with the bulk of historical exploration focused around known deposits driven by survival imperative A strategic pipeline approach has been adopted to target potential n
Slide 8: Cardinia Area | Resource Expansion Opportunities
CARDINIA AREA| RESO URCE EXPANSION OPPORTUNITIES Current Mineral Resource of 17.4Mt at 1.17g/t Au for 655koz across eight deposits Drilling at Cardinia Hill, Rangoon, Bruno Lewis Deeps and Eagle-Crow aimed at expanding Mineral Resources within the Cardinia area to ~1.0Moz (and total project-wide
Slide 9: Eastern Corridor | Significant Results
EASTERN CORRIDOR | SIGNIFI CANT RE SULT S Target area located over Cardinia Hill, Fiona, Helens and Hobby. Combined MRE of 5.4Mt at 1.6g/t for 261koz* Buried felsic intrusions with numerous felsic dykes cross-cut by major N and NW-trending faults. Mapped by detailed gravity survey Significant
Slide 10: Cardinia Hill | Broad, Shallow Intercepts
CARDINIA HILL | BROAD , S HALLOW INT ERCE PT S 2.5km east of Cardinia Southern Shoot Northern Shoot North Extension MRE of 2.2Mt at 1.5g/t for 106koz Recent drill results include: 7m at 21.3g/t Au from 91m 3.4m at 9.72g/t Au from 252.6m 10m at 1.48g/t Au from 118m 5m at 4.99g/t Au from
Slide 11: Western Corridor | Significant Results
WESTERN CORRIDOR | SIGNIFICANT RE SULT S Target area located over Bruno-Lewis and Kyte – 11.9Mt at 1.04g/t for 394koz* MRE Mafic rocks with buried felsic intrusions cross-cut by a number of major NW-NE trending faults. Mapped by detailed gravity Significant Targets outside MRE coincident with
Slide 12: Bruno-Lewis | RC and Diamond Drilling
BRUNO-LE WIS | RC AND DIAMOND DRILLING MRE* of 11.5Mt at 1.01g/t Au for 374koz Large surface footprint – 4.0km by 1.0km of ore-grade intersections Hundreds of near-surface holes to 50m depth Limited deeper drilling contains high-grade lodes Supergene gold above W-dipping (Lewis) and NE-dip
Slide 13: Pegasus | New, Early-Stage Discovery
PEGASUS | NEW, EARLY-S TAGE DISCOVE RY 1km south of Bruno-Lewis deposit Mineralised zone 900m strike by up to 100m width associated with discordant NW-SE gravity low High-grade results from AC drilling: 4m at 10.1g/t Au 8m at 3.08g/t 10m at 3.10g/t Adjacent to historical “Pride of the
Slide 14: Mt Flora | Emerging Regional Discovery
MT FLORA | EMERGING REGIONAL DISCOVERY 20km east of Cardinia Three mineralised zones 700m, 400m and 400m strike length associated with Federation Fault splays AC drilling returned high-grade results: 22m at 8.96g/t and 8m at 2.79g/t Au 8m at 3.75g/t and 16m at 1.16g/t Au Diamond hole con
Slide 15: Cardinia Gold Project | Development Optionality
CARDINIA GOLD PROJECT| DEVELO PMENT O PTIONALI T Y Current Mineral Resource of 1.28Moz, with exploration underway to increase to ~1.5Moz Development of initial Lewis open pit approved by DMIRS: Includes approval of transport corridor and infrastructure Mining Proposal for second open pit in
Slide 16: Summary and Key Takeaways
SUM MARY AND KEY TAK EAWAYS Advanced 1.28Moz gold project in an attractive gold mining region with considerable untested exploration potential and significant growth profile The first drilling of new target areas across the project in a decade has immediately yielded a number of gold discoveries
Slide 17: Thank You & Questions
THANK YOU & QUESTIONS Kin Mining has repositioned from near- term developer to explorer focused on the most value-accretive phase of the mining cycle… exploration and discovery. ASX: KIN | kinmining.com.au 17
Slide 18: Kin Mining NL
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 | kinmining.com.au
Slide 19: Kin Mining NL | Mineral Resources
KIN MI NING NL | MINERAL RESOURCES Cardinia Gold Project: Mineral Resources: September 2021 Notes Measured Resources Indicated Resources Inferred Resources Total Resources Lower ▪ See ASX Announcement 23 September Resource Gold Date Project Area Cut off Tonnes Au Au Tonnes Au Au Tonnes Au Au Tonnes
Slide 20: Eagle-Crow | New Mineralisation
EAGLE-CROW | NEW MI NERALISATION Eagle-Crow lies 2km west of Bruno Lewis, 1km from Kyte Strong multi-element soil anomaly with limited drilling: 6km by 1km anomaly rich in Au-As-Sb with other spot highs in pathfinder elements Limited historical drilling returned high-grade results: 11m at