JUNIORMETRICS
Gold$4,479.95/oz
Silver$66.98/oz
Copper$6.00/lb

Patronus Resources Limited

PTN·$0.04·$52.5M cap
Goldalso:Cardinia Gold Project (~40km from Leonora, NE Goldfields, Western Australia) Map

Patronus Resources Limited (formerly Kin Mining NL, renamed August 2024) is a gold and base-metals developer/explorer whose flagship is the 100%-owned Cardinia Gold Project in WA's NE Goldfields, ~40km from Leonora, hosting the Mertondale (10.4Mt @ 1.4g/t, 480koz Au) and Cardinia East (10.4Mt @ 1.4g/t, 475koz Au) deposits, with the new Scallop Prospect defining a 1km-long gold trend adjacent to Cardinia East. The company recently consolidated 100% ownership of the Guppy-Benalla area (acquiring the remaining 20% for A$250,000). It also holds the Pine Creek project in the Northern Territory. Combined JORC-compliant Mineral Resources across the portfolio total ~1.42Moz gold, 16.2Moz silver and 177kt zinc.

Lifecycle Milestones

Grassroots
Resource Def.Current
PEA
PFS
Feasibility
Permitting
Construction
Production
10/10
Weak track recordStrong track record
Thin runwayWell-capitalized
9/10
High riskLow risk
How this is calculated
5.8/10
Weaker depositStronger deposit
8.3/10
Weaker profileStronger profile
Price Chart
$0.043$0.054$0.052$0.037$0.037AugNovFebJunSep
Aug 12, 2025Sep 4, 2026
News
$0.04
+32.2%from low-47.1%from high
$0.03$0.07
$52.5M
Far belowFar above
$29.1M median
Price (USD - Local)
$0.04 - AUD 0.05
Cash Position (USD)
This company's data hasn't been researched yet
Debt (USD)
This company's data hasn't been researched yet
$52.5M
Far belowFar above
$26.9M median
1.5B
Far aboveFar below
172.1M median
Jurisdiction
Australia
1,420,000 oz
Far belowFar above
1.3M median
$36.96/oz
Far aboveFar below
$158.80/oz median
Cut-off: 0.4 g/t Au (open pit, A$2,600 optimisation shells) / 2.0 g/t Au (underground, outside shells)
This company's data hasn't been researched yet
N/A -- resource-definition stage, no active mine
This company's data hasn't been researched yet
This company's data hasn't been researched yet
Not enough peer data yet
This company's data hasn't been researched yet
Not enough peer data yet
This company's data hasn't been researched yet
40.3%
0%100%
19.1% median
This company's data hasn't been researched yet
106 kmfrom Gold Fields Limited's Granny Smith
Outside typical bolt-on range
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
Acquisition Susceptibility
4.7/10
Unlikely bolt-onFits the takeout profile

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.

Overall Score Trend
+12.2% since 2026-08-12

Your Rankings

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Management Team

Managing Director and Chief Executive Officer of Patronus Resources Limited, promoted to Managing Director in 2025 after previously serving as CEO.

Non-Executive Chair of Patronus Resources Limited -- missing from this DB entirely before this batch (only CEO John Ingram was tracked). A qualified mining engineer with over 40 years of experience in the mining and processing industries, holding a 1st class Mine Manager's Certificate, with international experience in France, Africa, Indonesia and Australia. Currently also non-executive Chair of ASX-listed Spartan Resources Limited. Previously held executive director/board positions at Bardoc Gold, Excelsior Gold, Mutiny Gold, and Integra Mining Ltd.

Insiders, Investors & Smart Money

Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.

Smart money
1/10

Checked, and this one is a genuine thin-coverage case rather than a specific negative finding: we could not surface any named substantial holder, specialist fund, or producer stake in the time available, though the company has a live investor-relations page and an active news flow around its Cardinia Gold Project.

No notable insiders tracked for this miner yet.

Reports, Presentations & Documents

Technical Report Takeaways

We haven't parsed this company's PEA/PFS/FS recommendations yet — cut-off grade, mine life, DCF/NPV, and the report's own next-steps guidance are a planned research pass, not live data for every company yet.

Recent News