Quarterly Activities Report

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Stock PTN.ASX (PTN.ASX)
Release Time 23 Jul 2026, 8:21 a.m.
Price Sensitive Yes
 PTN.ASX Quarterly Activities Report Highlights
Key Points

• Pine Creek Gold Project: High-grade gold mineralization confirmed at depth. • Cardinia Gold Project: New exploration target defined at Guppy. • Corporate: Acquisition of remaining 20% interest in Guppy and divestment of uranium rights. • Cash Position: $65.1 million in cash and liquid investments at quarter end.

Full Summary

Patronus Resources Ltd. has released its June 2026 Quarterly Activities Report, highlighting significant exploration progress and strategic developments. In the Northern Territory, the Pine Creek Gold Project saw the commencement of the 2026 exploration program, with four diamond holes completed at Tally Ho. Assay results from the first hole confirmed high-grade mineralization, including 2.61m at 6.38g/t Au, approximately 200m below the historical Tally Ho pit. In Western Australia, the Cardinia Gold Project identified a coherent target extending up to 2.5km along strike at Guppy, with rock chip results up to 3.27g/t Au. Patronus acquired the remaining 20% interest in the Guppy-Benalla area, securing 100% ownership. Corporate developments include the appointment of Leonard Lau as Chief Development Officer and the execution of a Binding Term Sheet to sell uranium exploration rights in the Pine Creek Project to Greenvale Energy, making Patronus a 19.6% shareholder in Greenvale. The company ended the quarter with $65.1 million in cash and liquid investments.