Patronus Resources (PTN) Q1 2027 TU earnings summary

Executive summary

• Active quarter across Pine Creek exploration; drilling confirmed gold mineralisation at depth, shallow prospects and greenfields targets, while surface work expanded the target pipeline.

• Quarter-end cash and liquid investments totalled $72.029M.

Financial highlights

• Cash and liquid investments at 30 September 2026: $72.029M, comprising $9.817M cash, $43.156M term deposits under 12 months and $19.056M strategic investment shares.

Outlook and guidance

• Follow-up RC drilling is planned on newly identified linking structures between Fountain Head and Tally Ho; deeper diamond drilling will be considered for the Tally Ho Extension.

• Immediate follow-up drilling is planned at Hydra after HY26RC004 ended in mineralisation; Medusa first-pass RC drilling is planned later in the field season.

• Cardinia Gold Project exploration planning is complete, with on-ground activity dependent on heritage agreements and approvals.

• Surface sampling and RC drilling results will guide target refinement and future programmes across Pine Creek.