The latest announcement is out from Kin Mining NL ( (AU:PTN) ).
Patronus Resources has announced an updated Mineral Resource Estimate for its Mertondale Project, increasing the total gold resource base in Western Australia to 1.0 million ounces. The company is progressing with a Scoping Study expected in the June quarter and has identified significant exploration potential at the Koi Prospect. Additionally, Patronus has completed a drilling program at the Cardinia Project, revealing promising zinc and copper anomalies, and is planning further exploration activities in the Northern Territory. The company remains well-funded with $81 million in cash and liquid assets.
More about Kin Mining NL
Patronus Resources Limited is a mining company focused on exploring and developing high-quality mineral assets in Western Australia and the Northern Territory. The company’s primary focus is on gold exploration, with significant projects including the Cardinia Gold Project in the North-Eastern Goldfields region and the Pine Creek Uranium Project in the Northern Territory. Patronus is also involved in strategic investments in other resource companies.
YTD Price Performance: 36.00%
Average Trading Volume: 1,608,711
Technical Sentiment Signal: Sell
Current Market Cap: A$111.3M
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