Patronus Resources (PTN) Q3 2026 TU earnings summary

Executive summary

• March 2026 quarter focused on advancing exploration in Northern Territory and Western Australia, with clear pathways to drilling at key gold projects.

• Final assay results at Pine Creek confirmed broad-scale gold anomalism, advancing targets into a prioritized drill pipeline.

• Diamond drilling commenced post-quarter at Fountain Head/Tally Ho, targeting untested zones.

• Next phase of exploration at Cardinia defined, pending heritage agreements and approvals.

• Divestment of non-core Desdemona Project executed, with equity retained in CGN Resources.

Financial highlights

• Cash and liquid investments totaled $74.994 million at March 2026 quarter-end.

• Market capitalization stood at $95 million with 1,479 million shares on issue.

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

Outlook and guidance

• Drilling at Pine Creek to commence after the wet season; Cardinia drilling to start post-heritage approvals.

• Ongoing heritage negotiations in Western Australia to enable further exploration.

• Strategic options for Thunderball Uranium Project under evaluation, including potential divestment or JV.