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Patronus Resources Retracts Previous Statement, Confirms High-Grade Uranium at Thunderball

Story Highlights
  • Patronus Resources retracts previous statement on Thunderball’s historical resource estimates.
  • Re-assay confirms high-grade uranium at Thunderball, with drilling underway to expand potential.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Patronus Resources Retracts Previous Statement, Confirms High-Grade Uranium at Thunderball

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Kin Mining NL ( (AU:PTN) ) has shared an update.

Patronus Resources Limited, a company focused on uranium exploration, announced a retraction of its previous statement regarding historical resource estimates at the Thunderball Project in the Northern Territory. The company advises investors to disregard the previous information as it lacked a reasonable basis. However, a re-assay program has confirmed the high-grade uranium mineralization at the Thunderball deposit, highlighting its potential as a significant asset in Australia’s uranium sector. An initial six-hole diamond drilling program is underway to test extensions of the mineralization, with the potential to expand the mineralized footprint and unlock district-scale opportunities.

More about Kin Mining NL

Average Trading Volume: 1,270,577

Technical Sentiment Signal: Buy

Current Market Cap: A$109.7M

For a thorough assessment of PTN stock, go to TipRanks’ Stock Analysis page.

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