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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.