Patronus Resources (PTN) Q4 2026 TU earnings summary

Executive summary

• Commenced 2026 exploration with 30,000m of drilling and 3,000 geochemical samples at Pine Creek, NT, and advanced fieldwork at Cardinia, WA.

• Four diamond holes completed at Tally Ho, with the first hole confirming high-grade gold mineralisation at depth, supporting resource extension potential.

• Acquired remaining 20% of Guppy-Benalla, securing 100% ownership and simplifying future development.

• Entered binding agreement to divest uranium rights at Pine Creek to Greenvale Energy, becoming a 19.6% shareholder.

• Completed sale of non-core Desdemona Project, focusing on core gold assets.

Financial highlights

• Ended June 2026 quarter with $65.1 million in cash and liquid investments, including $4.5M cash, $33.1M in term deposits, and $27.5M in strategic shares.

• Market capitalisation at quarter-end was $68 million, with 1,479 million shares on issue.

• Received $500,000 in CGN shares from Desdemona Project sale, with further milestone payments possible.

Outlook and guidance

• Awaiting assay results from three additional Tally Ho diamond holes; further drilling and geochemical sampling ongoing at Pine Creek.

• Follow-up aircore and RC drilling planned at Guppy, pending heritage survey completion.

• Focus remains on expanding gold and base metals resources while retaining uranium exposure via Greenvale stake.