Patronus Resources (PTN) Q4 2025 TU earnings summary

Executive summary

• Multiple drill programs completed across WA and NT, reinforcing asset quality and expanding gold and base metals resources.

• New high-grade gold shoot discovered at Merlin Prospect, Cardinia, with maiden Exploration Target defined.

• Significant extension of mineralisation at Koi, Scallop, and Glencoe prospects, indicating strong growth potential.

• Corporate action to buy back 9.66% of shares from St Barbara, reducing market overhang.

Financial highlights

• Cash and liquid investments of $80.6M at quarter-end, including $1.13M cash, $46.16M term deposits, and $33.32M in strategic investments.

• Market capitalisation of $112M as of 30 June 2025.

Outlook and guidance

• Further RC drilling at Merlin and Koi planned for Q3 2025; initial metallurgical test work at Merlin scheduled for Q4 2025.

• Updated Mineral Resource Estimate for Fountain Head Project expected in 2025.

• Ongoing systematic exploration in Pine Creek region to generate large-scale gold, uranium, and base metals targets.