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Patronus Resources Limited (ASX:PTN)
ALERT: Price-sensitive ASX Announcement for PTN
Current share price for PTN : $0.046 -0.024 (-34.29%)+
Release
25 Nov 2025 8:21AM
Price at Release
$0.070
Full Release
Summary
Patronus Resources Limited announced outstanding high-grade uranium results from their Thunderball project in Pine Creek, Australia. These results confirm a high-grade uranium system with potential for a multi-lode, multi-deposit district. The recent drilling campaign returned high-grade intercepts, including 10.76 meters at 2.95% U3O8 from 87 meters in drill hole TB25DD004. The company is exploring strategic partnerships and options to further develop this resource, emphasizing the potential for significant uranium production given the project's geological context in the Pine Creek Orogen. Future work includes systematic target ranking and exploration to expand the known uranium mineralization.
Key Points
- Outstanding high-grade uranium results from Thunderball project.
- Significant intercepts include 10.76m at 2.95% U3O8.
- Potential for multi-lode, multi-deposit district within Pine Creek.
- Strategic partnerships and options under exploration.
- Future work includes systematic target ranking and exploration.
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.
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