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Patronus Resources Limited (ASX:PTN)

ALERT: Price-sensitive ASX Announcement for PTN
Current share price for PTN : $0.046 0.001 (2.22%)+
Announcement
Release
23 Jul 2026 8:21AM
Price at Release
$0.045
Full Release
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Summary
Patronus Resources Limited reported its June 2026 quarterly activities, highlighting the start of its extensive exploration program in the Northern Territory, including a comprehensive 30,000m drilling initiative targeting gold deposits. Significant high-grade gold mineralisation was confirmed at Tally Ho, reinforcing resource growth potential. The company, well-funded with $65.1 million in assets, also finalized a deal to sell its uranium rights to Greenvale Energy, securing a significant stake and board representation. Additionally, Patronus acquired full ownership of the Guppy–Benalla area to streamline future exploration and development plans.
Key Points
  • Patronus commenced its 2026 Northern Territory dry season field program, following a longer-than-usual wet season.
  • The company plans a 30,000m drilling program across multiple gold target areas, including diamond and RC drilling.
  • High-grade gold mineralisation confirmed at the Tally Ho deposit, with significant intercepts at depth.
  • Patronus is well-funded with $65.1 million in cash and liquid assets at the end of June 2026.
  • Binding agreement to divest uranium exploration rights to Greenvale Energy, becoming a cornerstone shareholder.
  • Acquired the remaining 20% interest in the Guppy–Benalla area, securing 100% ownership.
  • Focus on expanding resource potential at Pine Creek and Cardinia Gold Project.
  • Drilling targets at historical gold workings and greenfields targets identified in 2025.
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.