Patronus Resources (PTN) H2 2026 earnings summary

Executive summary

• Achieved strong exploration progress and strategic execution, focusing on gold and base metals in NT and WA.

• Largest exploration campaign at Pine Creek since 2024, with 30,000m drilling and 3,000 geochemical samples underway.

• Early drilling at Tally Ho and Golden Dyke confirmed significant gold mineralisation; Thunderball returned ultra high-grade uranium results.

• Entered binding term sheet to sell uranium rights in Pine Creek to Greenvale Energy for a 19.6% stake and board representation.

• Cardinia Gold Project remains a cornerstone asset; acquired remaining 20% of Guppy-Benalla, securing 100% ownership.

Financial highlights

• Net loss after tax of $8.6M for FY2026, a significant improvement from $35.9M loss in FY2025.

• Revenue of $1.88M, down from $3.09M in FY2025.

• Total comprehensive loss for the year was $4.8M, compared to $30.1M in FY2025.

• Cash and liquid assets at year-end totaled $65.1M, including $4.4M cash, $33.2M term deposits, and $27.5M in strategic investments.

• Share buyback reduced issued capital by $9.17M; no dividends declared.

Outlook and guidance

• Well-funded to continue substantial exploration programs and pursue strategic opportunities.

• Focus on advancing gold and base metals assets, with uranium exposure retained via Greenvale stake.

• Follow-up drilling planned at key prospects, including Tally Ho, Guppy, and Mertondale.