Patronus Resources (PTN) investor relations material

Financial position and valuation

• $65M in cash and investments supports ongoing exploration and growth initiatives.

• Enterprise value is below cash and investment backing, indicating a discount to asset value.

• Market capitalization stands at $64M with 1,479M shares on issue.

• Fully funded for current exploration and strategic growth programs.

• Disciplined capital allocation and strong balance sheet underpin operations.

Project portfolio and exploration activities

• 2.3Moz AuEq Mineral Resources across Northern Territory and Western Australia.

• Pine Creek (NT): 30,000m multi-rig drilling campaign underway, targeting district-scale gold opportunities.

• Cardinia (WA): 1Moz Au resource with significant exploration upside and multiple high-priority targets.

• Multiple brownfields and greenfields targets being actively drilled and advanced.

• Heritage protection agreement process progressing for WA projects.

Key assets and resource details

• Pine Creek: 283koz Au resource, mining and processing approvals at Fountain Head, surrounded by major deposits.

• Cardinia: 1Moz Au resource, close to infrastructure and third-party processing options.

• Hayes Creek: 177kt Zn, 37kt Pb, 16Moz Ag, and 0.2Moz Au VMS resource, with >40km of prospective stratigraphy.

• Mertondale: 480koz Au resource, high-grade gold confirmed by drilling, follow-up planned.

• Multiple additional resources at Fountain Head, Tally Ho, Glencoe, and Mt Porter.