Patronus Resources Limited · ASX:PTN
Patronus Resources — Investor Presentation (September 2020)
18 slides from Patronus Resources's investor presentation, Sep 2, 2020
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 – September 2020 │ Andrew Munckton, Managing Director
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: 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 deeper primar
Slide 4: Corporate Overview
Corporate Overview ASX: KIN Shareholders Share price (1 Sept 2020) A$0.125 3% 29% Ordinary shares on issue 697.7M Retail Investors Options (exercise $0.75 - $1.25) 19.0M Directors Market capitalisation (undiluted) $87.2M High Net Worths 2% Institutional Cash (30 June + RI June 2020) $9.1M* 66% Debt
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
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 • Exploration over the past decade has focused on areas around the known deposits, limited by a strategy of seeking to “feed the mill” with sha
Slide 7: 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 new, high-quality assay methods, Kin has undertaken 4,200 auger samples acr
Slide 8: Cardinia – Multiple Projects Advancing in Parallel
Cardinia – Multiple Projects Advancing in Parallel • Phase 1. Auger and AC drilling from December 2019 to June 2020 has discovered several new deposits and prospects Hobby • Phase 2. AC infill and Initial RC led to discovery of Cardinia Hill, Lewis East and Comedy King plus new targets • Phase 3. Pr
Slide 9: Cardinia Hill – Broad, Shallow Gold Intercepts
Cardinia Hill – Broad, Shallow Gold Intercepts Target area located just 2.5km east of proposed processing plant site Consistent high-grade, near-surface gold mineralisation intersected in recent RC drilling 34 RC holes and 3 diamond holes May to August produced: 5m at 3.06g/t Au from 53m and
Slide 10: Helens East – Significant Air-core and RC Results
Helens East – Significant Air-core and RC Results Target area located immediately adjacent to Cardinia Hill Significant zones of shallow gold mineralisation intersected in numerous air-core holes Intersections from 4m composite sampling from the first three lines include: 6m at 2.05g/t Au fr
Slide 11: East Lynne – Large gold Target
East Lynne – Large gold Target Target area NE of Cardinia containing several sets of historical workings Limited shallow drilling focussed at the historical workings Large multielement soil geochemical anomaly 6km by 0.6km in multi-elements, gold rich for 3km Major geological contact inter
Slide 12: Exploration Programs – In Progress
Exploration Programs – In Progress $1,000k $400k Geophysical ground survey (SAM) – greater Cardinia GAP Geophysics Target Generation $300k Further IP chargeability survey – greater Cardinia SGC $300k Geochemical survey – Eagle Trend AugerAustralia $1,400k $1,000k Aircore drilling targets – East Lynn
Slide 13: Summary and Key Takeaways
Summary and Key Takeaways Advanced 945Koz gold project in an attractive gold mining region with considerable untested exploration potential The first drilling of new target areas at Cardinia in a decade has immediately yielded a number of new gold discoveries within 5km of the process plant site New
Slide 14: 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.
Slide 15: APPENDIX B: Kin Mining NL Mineral Resources
APPENDIX B: 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
Slide 16: 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
Slide 17: 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
Slide 18: 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
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