InvestSMART

Patronus Resources Limited (ASX:PTN)

ALERT: Price-sensitive ASX Announcement for PTN
Current share price for PTN : $0.047 -0.021 (-30.88%)+
Announcement
Release
18 Dec 2025 10:14AM
Price at Release
$0.068
Full Release
download
Summary
Patronus Resources Limited (ASX: PTN) has completed Phase 1 of its surface sampling program at the Pine Creek Project in the Northern Territory, Australia. The program involved 4,718 samples on a 400m x 400m grid, revealing significant gold anomalism at the Eastern Flank and Burnside SW areas. These results have expanded the high-priority targets for drilling in 2026, with additional in-fill sampling and detailed mapping planned. The Eastern Flank features anomalies named Suplex, Bodyslam, Snakebite, and Pedigree, while Burnside SW has identified two main anomalies: SW Burnside and Cosmo North. The company is integrating these findings with structural mapping and geophysics to refine its exploration strategy.
Key Points
  • Completion of Phase 1 surface sampling at Pine Creek with 4,718 samples.
  • Significant gold trends identified at Eastern Flank and Burnside SW.
  • High-priority targets identified for 2026 drilling campaign.
  • Integration of structural mapping and geophysics with sampling results.
  • Eastern Flank anomalies include Suplex, Bodyslam, Snakebite, and Pedigree.
  • Burnside SW anomalies include SW Burnside and Cosmo North.
  • In-fill sampling and detailed mapping planned for 2026.
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.