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Kin Mining NL ( (AU:PTN) ) has shared an update.
Patronus Resources Limited, a company in the gold mining sector, has announced an updated Mineral Resource Estimate (MRE) for its Mertondale Gold Project in Western Australia. The updated MRE reveals a significant 18% increase in resource grade and a 28% rise in indicated resource ounces, totaling 480,000 ounces of contained gold. This update enhances confidence in the resource and supports the ongoing development efforts at Mertondale, with a Scoping Study scheduled for completion in the second quarter of 2025. The improvements in mineral resource estimates are based on successful drilling campaigns and structural studies, positioning the company for further exploration and development at both Mertondale and Cardinia, its nearby project.
More about Kin Mining NL
YTD Price Performance: 22.45%
Average Trading Volume: 1,075,234
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$96.61M
For a thorough assessment of PTN stock, go to TipRanks’ Stock Analysis page.
