Patronus Resources Managing Director, John Ingram, said:
“The December Quarter has been a busy period for Patronus, with a multi-pronged exploration program underway across our assets in both Western Australia and the Northern Territory, setting us up for a period of active news-flow in early 2025.
“Over the past few months, we have completed Resource drilling programs at the Mertondale Gold Project in Western Australia, which will underpin the delivery of an updated Mineral Resource Estimate in early February. This updated resource will feed into a Scoping Study on potential project development options at Mertondale.
“We have also completed air-core exploration drilling at both Mertondale and the Cardinia East Project aimed at assessing early-stage targets with the potential to deliver new discoveries. Assay results from these programs are currently pending and will help guide our ongoing exploration efforts.
“At our new projects in the Northern Territory – which we acquired through our merger with PNX Metals in the September Quarter – drilling and fieldwork programs are underway targeting both gold and uranium mineralisation.
“We were pleased to receive approval for the amended Mine Management Plan for the Fountain Head Gold Project during the Quarter, representing a key milestone in the approvals process.
“Patronus ended the Quarter with $79 million in cash and liquid investments, providing us with a very strong platform to progress our exploration programs and assess new growth opportunities."
Well, that's all quite pleasing to read - only a minor delay on the projected Mertondale MRE update, and "Scoping Study well advanced and on-track for delivery in the June 2025 Quarter".
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