Patronus Resources (PTN) Q2 2026 TU earnings summary

Executive summary

• Strong exploration results in WA and NT, with significant gold and uranium intercepts reported across multiple projects.

• Over 1km of untested strike at Guppy and mineralisation extended at Mertondale, supporting future resource growth.

• Large-scale gold anomalies defined at Pine Creek, NT, and exceptional high-grade uranium results at Thunderball.

• Well-funded with $74.6 million in cash and liquid assets at quarter-end.

Financial highlights

• Cash and liquid investments totaled $74.6 million at 31 December 2025, including $3.4M cash, $38.2M term deposits, and $33.1M in strategic investments.

• Market capitalisation stood at $115 million with 1,479 million shares on issue.

• Related party payments for the quarter were $0.156 million.

Outlook and guidance

• Follow-up drilling planned at Guppy and Mertondale in early 2026 to test untested strike and resource extensions.

• Systematic target ranking and further exploration at Thunderball and other uranium prospects in NT are scheduled for 2026.

• Infill sampling and detailed field mapping at Pine Creek gold anomalies to underpin the 2026 drilling campaign.