Patronus Resources Limited · ASX:PTN
Patronus Resources — Diggers & Dealers 2025
28 slides from Patronus Resources's conference presentation, Aug 4, 2025
Slide 1: A Deep Value Investment Opportunity
A Deep Value Investment Opportunity • $81 million cash & investments vs. ~$106m market cap • 2.3Moz AuEq Resources in WA and NT • Growth through exploration & strategic M&A Diggers & Dealers | August 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: Company Overview
Company Overview Diversified ASX-listed exploration and development company (ASX: PTN) Multi-commodity exposure Gold, uranium, zinc, silver and base metals Flagship projects in Tier-1 Australian jurisdictions Leonora, WA – 1Moz gold resource at Cardinia Gold Project Pine Creek, NT – gold, uranium an
Slide 4: Board & Management
Board & Management Rowan Johnston John Ingram Graham Ascough Hansjoerg Joe Graziano Chairman Managing Director & Non-Exec Director Plaggemars Non-Exec Director CEO Non-Exec Director Experienced, Capable, Focused Experienced leadership team with a demonstrated track • Highly experienced • Geologist
Slide 5: Corporate Overview
CAPITAL STRUCTURE KEY METRICS (ASX:PTN) Shares on issue 1,637M Corporate Overview Share price $0.065 Market capitalization (1 August 2025) $106M Cash & Investments (30 June 2025) $81M Strong balance sheet EV $25M Mineral Resources 2.3Moz contained Au Eq. EV/Resource Multiple $11/oz Au Eq. Signif
Slide 6: Patronus Invest
Patronus Invest LIQUID ASSETS ($M)1 Strategic Investment Approach Cash, $1.1 Active investor in high-potential resource Investments, $33.3 companies Focus on undervalued opportunities aligned with Term Deposits, exploration and development themes $46.2 Build strategic optionality through equit
Slide 7: Project Overview
Project Overview Tier-1 jurisdictions: Leonora in WA and Pine Creek in the NT Quality assets in Tier-1 jurisdictions Highly active mining and exploration locations Strong platform for growth Multiple high-quality exploration targets Strong balance sheet to fund exploration and project development
Slide 8: Western Australia
Western Australia 1Moz Au Resource Close to existing operations Significant exploration upside
Slide 9: 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 exploration upside Close to existing infrastructure and third-party operations Free-milling ore can be processed via standard Carbon-in-Leach (CIL) Mertondale: Updated MRE 3 of 10.4Mt @ 1.
Slide 10: Upgraded Mertondale MRE
Upgraded Mertondale MRE Upgraded Mertondale Resource Estimate 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 Mineralisation remains open a
Slide 11: Mertondale – Exploration Upside
Mertondale – Exploration Upside Highly prospective 10km long Mertondale East Shear Zone Mertondale focus of 2025 exploration programs Untested gold mineralisation in bedrock across broader Mertondale East trend Updated structural model has highlighted the prospectivity of this trend Signific
Slide 12: Cardinia – New Discoveries Emerging
Cardinia – New Discoveries Emerging Reconnaissance drilling highlights emerging greenfields discovery potential High-grade broad intercepts returned from Guppy AC drilling including8: 12m @ 12.41g/t Au from 20m (CA25AC100) 4m @ 6.49 g/t Au from 12m (CA25AC205) 4m @ 3.16 g/t Au from 8m (CA25A
Slide 13: Northern Territory
Northern Territory Extensive, underexplored landholding across the Pine Creek Orogen +20 Moz historical Au endowment World-class uranium province Proven VMS production with polymetallic potential Limited modern exploration beyond known deposits
Slide 14: Pine Creek – Back to Basics
Pine Creek – Back to Basics Systematic, rigorous, efficient exploration Targeting large scale Au, U & VMS deposits Limited modern exploration beyond known resources Staged exploration approach with ability to upscale on exploration success Target Generation: Structural Studies Regolith
Slide 15: Belt-Scale Geochemistry Targeting Major Systems
Belt-Scale Geochemistry Targeting Major Systems Targeting large scale systems Belt-scale geochemical program underway across NT tenements Sampling includes LAG, soils, and rock chips on a 400m x 400m grid Design informed by newly completed regolith study Targeting large-scale Au, U, and VMS
Slide 16: Pine Creek – Significant Gold Potential
Pine Creek – Significant Gold Potential Pine Creek - +20Moz Au endowment Patronus holds belt-scale tenure with multiple walk-up targets 283koz Au open pit Mineral Resources at Glencoe, Fountain Head and Mount Porter Mining and processing approvals in place at Fountain Head Gold Project Patro
Slide 17: Pine Creek – Fountain Head Gold Project
Pine Creek – Fountain Head Gold Project Fountain Head Gold Project 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 2.9Mt @
Slide 18: Pine Creek – Uranium
Pine Creek – Uranium Untapped uranium potential in a world-class uranium province Pine Creek, one of the world’s largest and richest uranium provinces Alligator River Ranger (produced 132kt U3O8 @ 0.23% U3O8) Jabiluka (137kt U3O8 @ 0.55% U3O8 Resource) Rum Jungle (produced 3kt U3O8 @ 0.4%
Slide 19: Thunderball Deposit – Uranium
Thunderball Deposit – Uranium Thunderball – High-Grade Uranium Located in the world-class Pine Creek uranium province Discovered by Thundelarra Exploration in 2008 Limited modern exploration since initial discovery Post-Fukushima uranium market downturn Ownership transitions, permitting, a
Slide 20: Hayes Creek – Base Metals
Hayes Creek – Base Metals High-grade volcanic-hosted massive sulphide deposits 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 prospective stratigra
Slide 21: Summary – Key Investment Takeaways
Summary – Key Investment Takeaways People Experienced leadership team with a proven track record in discovery, development, and value creation Projects Over 2.4Moz in gold and gold equivalents in Tier 1 jurisdictions Leonora (WA) – 1Moz gold; upgraded MRE and active drilling at Cardinia Gold P
Slide 22: Appendices
Appendices >) Va PATRONUS RESOURCES 7) PATRONUS
Slide 23: 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 24: 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 25: 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 26: 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 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
Slide 28: 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