Patronus Resources Limited · ASX:PTN
Patronus Resources — RRS Conference in Perth (October 2021)
18 slides from Patronus Resources's conference presentation, Oct 14, 2021
Slide 1: Moving to the Next Level at Cardinia
MOVING TO THE NEXT LEVEL AT CARDINIA Growth and opportunity in a Tier-1 gold mining district • Growing our inventory – 1.28Moz and rising • Making new discoveries • Unlocking value – new major shareholder • Phase 5 drilling program underway Investor Presentation | October 2021 Andrew Munckton | Mana
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
Slide 3: Introduction | Investment Snapshot
INTRODUCTION │INVESTMENT SNAPSHOT ✓ ASX-listed gold explorer with strong strategic ✓ 1.28Moz Mineral Resource base at the shareholder base including ASX-200 gold 100%-owned Cardinia Gold Project near producer St Barbara with 19.8% stake Leonora ✓ Over 32,500m of drilling completed in ✓ Aggressive on
Slide 4: Cardinia | Strategic Footprint
CARDINIA │ STRATEGIC FOOTPRINT • 657km2 land package just 30km from Leonora • Tier-1 gold mining district (multi-million-ounce deposits) • 1.28Moz JORC Resource hosted in oxide dominant ore zones at three centres – Cardinia, Mertondale and Raeside • Exploration-driven approach targeting new, larger,
Slide 5: Corporate | Strategic Shareholders
CORPORATE │ STRATEGIC SHAREHOLDERS ASX: KIN Shareholders Delphi Share price (8 October 2021) A$0.13 Retail 29% 25% Ordinary shares on issue 799.6M Options (exercise $0.24 - $1.25) 10.0M Market capitalisation (undiluted) $104M Cash (30 June 2021) $7.6M SBM 19% Debt Nil High Net Worths 25% Directors L
Slide 6: Team | Experienced, Capable and Focused
TEAM │EXPERIENCED, CAPABLE AND FOCUSED Key consultants Andrew Munckton Steven Jones Glenn Grayson Chad Maloney Managing Director & CEO CFO & Company Secretary Exploration Manager Mining Manager Cube Consulting • Respected industry consultants • Specialists in Mineral Resource estimates, optimization
Slide 7: Opportunity | Minerie Greenstone Belt
OPPORTUNITY | MINERIE GREENSTONE 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 • New project-wide, data-driven, bottom-up approach has been adopted to ta
Slide 8: Cardinia | Multiple Projects Advancing
CARDINIA | MULTIPLE PROJECTS ADVANCING • Eight projects with Mineral Resources totaling 17.4Mt at 1.17g/t Au for 655Koz • Further eight prospects with exciting exploration results requiring follow-up • Detailed Gravity survey • Phase 4: Known prospect focus (Nov 20 to July 21): • Broad-spaced AC dri
Slide 9: Eastern Corridor | Significant Results
EASTERN CORRIDOR | SIGNIFICANT RESULTS • Target area located over Cardinia Hill, Fiona, Rangoon, Helens and Hobby. Combined 5.4Mt at 1.6g/t for 261koz* MRE • Buried felsic intrusions with numerous felsic dykes cross-cut by a number of major N-trending faults. Mapped by detailed 3m at 21.1g/t gravity
Slide 10: Cardinia Hill | Broad, Shallow Intercepts
CARDINIA HILL | BROAD, SHALLOW INTERCEPTS • Target area located 2.5km east of Cardinia • MRE - 2.2Mt at 1.5g/t for 106Koz • Discovery Hole CH19AC018 – 9m at 3.05g/t Southern Shoot Northern Shoot North Extension March 2020 • 100 RC holes and 30 diamond holes drilled since Discovery hole produced: • 2
Slide 11: Western Corridor | Significant Results
WESTERN CORRIDOR | SIGNIFICANT RESULTS • Target area located over Bruno-Lewis, and Kyte – 11.9Mt at 1.04g/t for 394koz* MRE Hobby • Mafic rocks with buried felsic intrusions cross-cut by a number 1990’s of major NW-NE trending faults. Mapped by detailed gravity RAB • Significant Targets outside MRE
Slide 12: Bruno Lewis | RC and Diamond Drilling
BRUNO LEWIS | RC AND DIAMOND DRILLING • Bruno Lewis – MRE* of 11.5Mt at 1.01g/t Au for 374koz, • Large surface footprint 5.0km 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 (Lewi
Slide 13: Mt Flora | Satellite Discovery
MT FLORA | SATELLITE DISCOVERY • Mt Flora lies 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 • 8m at 2.47
Slide 14: Cardinia | New Major Shareholder
CARDINIA │ NEW MAJOR SHAREHOLDER • St Barbara (ASX: SBM) acquired a 19.8% stake in Kin Mining on 15 July at 16c/share. • St Barbara is an ASX-200 Australian gold producer with operations in WA, Canada and PNG. Operating Gwalia since 2005. • SBM offered to acquire the Company via an NBIO scheme of ar
Slide 15: Summary and Key Takeaways
SUMMARY AND KEY TAKEAWAYS 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 withi
Slide 16: 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. 16
Slide 17: 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
Slide 18: Kin Mining NL | Mineral Resources
KIN MINING NL | MINERAL RESOURCES Cardinia Gold Project: Mineral Resources: September 2021 Measured Resources Indicated Resources Inferred Resources Total Resources Notes Lower Resource Gold Date Project Area Price (AUD) Cut off Tonnes Au Au Tonnes Au Au Tonnes Au Au Tonnes Au Au Announced ▪ See ASX
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