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Patronus Resources Limited (ASX:PTN)

ALERT: Price-sensitive ASX Announcement for PTN
Current share price for PTN : $0.043 -0.054 (-55.67%)+
Announcement
Release
15 Oct 2025 8:27AM
Price at Release
$0.097
Full Release
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Summary
Patronus Resources Limited has conducted significant diamond drilling at the Thunderball Uranium deposit, part of the Pine Creek project in Australia. The drilling program included seven holes, with substantial uranium mineralization identified, such as 0.63m at 65,092ppm U3O8 and 6.76m at 3,636ppm U3O8. Notable intersections complement previous high-grade findings. The Thunderball deposit is interpreted as a Proterozoic unconformity-related deposit, with potential similarities to the Angularli uranium deposit. Strategic options, including partnerships, are being considered to unlock further value from Thunderball and the broader Pine Creek district. A Mineral Resource Estimate compliant with JORC 2012 is expected by Q4 2025.
Key Points
  • Significant uranium mineralization found in Thunderball drilling program.
  • High-grade uranium intersections, such as 65,092ppm U3O8 over 0.63m.
  • Potential strategic partnerships to unlock value from Thunderball.
  • JORC 2012 Mineral Resource Estimate expected in Q4 2025.
  • The Thunderball deposit is part of a broader exploration initiative in the Pine Creek district.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.