Board Change • May 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. MD, CEO & Director William Ingram was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. MD, CEO & Director William Ingram was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. MD, CEO & Director William Ingram was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Sep 25
Patronus Resources Limited, Annual General Meeting, Nov 27, 2025 Patronus Resources Limited, Annual General Meeting, Nov 27, 2025. Board Change • Aug 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. MD, CEO & Director William Ingram was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Mar 22
Patronus Resources Limited (ASX:PTN) acquired 7.73% stake in Emmerson Resources Limited (ASX:ERM) for AUD 5.41 million. Patronus Resources Limited (ASX:PTN) acquired 7.73% stake in Emmerson Resources Limited (ASX:ERM) for AUD 5.41 million on March 21, 2025. A cash consideration AUD 0.11 per ERM share will be paid by Patronus Resources Limited. As part of consideration, an AUD 5.406 million value is paid towards 49.144 million common equity of Emmerson Resources Limited.
Patronus Resources Limited (ASX:PTN) acquired 7.73% stake in Emmerson Resources Limited (ASX:ERM) for AUD 5.41 million on March 21, 2025. Duyuru • Feb 11
Patronus Resources Limited (ASX:PTN) proposed to acquire an additional 80.43% stake in Matsa Resources Limited (ASX:MAT) from Paul Poli, Pacal Blampain, Andrew Chapman, Bulletin Resources Limited (ASX:BNR) and WACC Pty Ltd ATF Flagship Fund for AUD 26.5 million. Patronus Resources Limited (ASX:PTN) proposed to acquire an additional 80.43% stake in Matsa Resources Limited (ASX:MAT) from Paul Poli, Pacal Blampain, Andrew Chapman, Bulletin Resources Limited (ASX:BNR) and WACC Pty Ltd ATF Flagship Fund for AUD 26.5 million on February 10, 2025. A cash consideration valued at AUD 0.045 per share will be paid by Patronus Resources Limited. Upon completion, Patronus Resources Limited will own 83.22% stake in Matsa Resources Limited. The transaction will be financed through own resources. If Patronus becomes entitled to compulsorily acquire Your Matsa Shares, it does not currently intend to proceed with the compulsory acquisition which means Matsa may remain listed on the ASX.
The expected completion of the transaction is March 24, 2025.
Sternship Advisers Pty Ltd. acted as financial advisor for Patronus Resources Limited. Blackwall Legal LLP acted as legal advisor for Patronus Resources Limited. Thomson Geer acted as legal advisor for Matsa Resources Limited. Board Change • Feb 04
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. MD, CEO & Director W Ingram was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. CEO & Director W Ingram was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Nov 14
Patronus Resources Limited (ASX:PTN) completed the acquisition of 8.42% stake in Alto Metals Limited (ASX:AME). Patronus Resources Limited (ASX:PTN) acquired 8.42% stake in Alto Metals Limited (ASX:AME) on November 14, 2024.
Patronus Resources Limited (ASX:PTN) completed the acquisition of 8.42% stake in Alto Metals Limited (ASX:AME) on November 14, 2024. New Risk • Oct 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 39% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (39% increase in shares outstanding). Market cap is less than US$100m (AU$83.5m market cap, or US$56.4m). Board Change • Sep 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Graham Ascough was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Sep 26
Patronus Resources Limited, Annual General Meeting, Nov 29, 2024 Patronus Resources Limited, Annual General Meeting, Nov 29, 2024. Duyuru • Sep 04
Patronus Resources Limited (ASX:PTN) completed the acquisition of PNX Metals Limited (ASX:PNX) from DELPHI Unternehmensberatung Aktiengesellschaft and others. Kin Mining NL (ASX:KIN) entered into Scheme of Arrangement to acquire PNX Metals Limited (ASX:PNX) from DELPHI Unternehmensberatung Aktiengesellschaft and others for AUD 35.9 million on April 15, 2024. Under the terms of agreement, KIN will acquire 5,495,624,719 shares of PNX providing 1 KIN share for every 13 PNX shares. Subject to the terms and conditions the PNX Performance Rights will be cancelled and in exchange, KIN will cause each holder of 85.8 million PNX Performance Rights to receive cash consideration for each PNX Performance Right held by that holder of PNX Performance Rights. Upon implementation of the Scheme, KIN and PNX shareholders will hold approximately 72% and 28% of the Merged Group respectively. The transaction is subject to Independent Expert’s Report, approval of Australian Foreign Investment Review Board, approval of PNX and KIN shareholders, Court approval, all PNX performance rights having lapsed, been exercised, or cancelled and various regulatory approvals required to implement the Scheme. The transaction is expected to close in late August 2024.
Taylor Collison Limited acted as financial advisor and Piper Alderman acted as legal advisor to PNX Metals Limited. Hamilton Locke Pty Ltd acted as legal advisor to Kin Mining. Computershare Investor Services Pty Limited acted as registrar to PNX Metals.
Patronus Resources Limited (ASX:PTN) completed the acquisition of PNX Metals Limited (ASX:PNX) from DELPHI Unternehmensberatung Aktiengesellschaft and others on September 2, 2024. Duyuru • Apr 17
Kin Mining NL (ASX:KIN) entered into Scheme of Arrangement to acquire PNX Metals Limited (ASX:PNX) from DELPHI Unternehmensberatung Aktiengesellschaft and others for AUD 35.9 million. Kin Mining NL (ASX:KIN) entered into Scheme of Arrangement to acquire PNX Metals Limited (ASX:PNX) from DELPHI Unternehmensberatung Aktiengesellschaft and others for AUD 35.9 million on April 15, 2024. Under the terms of agreement, KIN will acquire 5,495,624,719 shares of PNX providing 1 KIN share for every 13 PNX shares. Subject to the terms and conditions the PNX Performance Rights will be cancelled and in exchange, KIN will cause each holder of 85.8 million PNX Performance Rights to receive cash consideration for each PNX Performance Right held by that holder of PNX Performance Rights. Upon implementation of the Scheme, KIN and PNX shareholders will hold approximately 72% and 28% of the Merged Group respectively. The transaction is subject to Independent Expert’s Report, approval of Australian Foreign Investment Review Board, approval of PNX and KIN shareholders, Court approval, all PNX performance rights having lapsed, been exercised, or cancelled and various regulatory approvals required to implement the Scheme. The transaction is expected to close in late August 2024.
Taylor Collison Limited acted as financial advisor and Piper Alderman acted as legal advisor to PNX Metals Limited. Hamilton Locke Pty Ltd acted as legal advisor to Kin Mining. Computershare Investor Services Pty Limited acted as registrar to PNX Metals. Duyuru • Feb 16
PNX Metals Confirms Receipt of an Unsolicited, Non-Binding, Indicative, and Incomplete Proposal in Relation to Potential Merger from Kin Mining PNX Metals Limited (ASX:PNX) (‘PNX’ ‘the Company’) noted 15 February 2024’s ASX announcement by Kin Mining NL (ASX:KIN). PNX confirmed that it has received an unsolicited, non-binding, indicative, and incomplete proposal in relation to a potential merger from KIN (Indicative Proposal) and has subsequently engaged in preliminary discussions with KIN regarding the Indicative Proposal. The discussions are at an early stage and remain incomplete, and there is no certainty that the Indicative Proposal or any other transaction will eventuate. PNX shareholders do not need to take any action at this time. Should a transaction eventuate, PNX will make a further announcement to the market in accordance with its continuous disclosure obligations. To advise PNX on this matter, Taylor Collison Limited has been appointed as financial adviser, and Piper Alderman as legal advisers. This announcement has been authorised for release to the ASX by PNX's board of directors. Duyuru • Feb 09
Genesis Minerals Limited (ASX:GMD) completed the acquisition of Bruno-Lewis and Raeside gold projects in Leonora District from Kin Mining NL (ASX:KIN). Genesis Minerals Limited (ASX:GMD) entered into a binding Asset Sale Agreement to acquire Bruno-Lewis and Raeside gold projects in Leonora District from Kin Mining NL (ASX:KIN) for AUD 53.5 million on December 14, 2023. Under the terms of agreement, Genesis will complete the payment by AUD 15 million cash plus the issue of 21,917,532 new Genesis shares. Completion of the Asset Sale Agreement is subject to the grant of all necessary consents and approvals by the Minister under the Mining Act, execution of an agreement for access by Genesis to certain tenements held by members of the Kin Group and certain third party consent, novation or assignment agreements, and release of associated caveats. The transaction is expected to close in March 2024. Sternship Advisers acted as corporate adviser and Gilbert and Tobin acted as legal adviser to Genesis.Genesis Minerals Limited (ASX:GMD) completed the acquisition of Bruno-Lewis and Raeside gold projects in Leonora District from Kin Mining NL (ASX:KIN) on February 8, 2024. Duyuru • Oct 18
Genesis Minerals Limited (ASX:GMD) made an offer to acquire remaining 19.921697% stake in Dacian Gold Limited (ASX:DCN) for AUD60 million. Genesis Minerals Limited (ASX:GMD) made an offer to acquire remaining 19.921697% stake in Dacian Gold Limited (ASX:DCN) for AUD60 million on October 15, 2023. The Offer is recommended for acceptance by Dacian shareholders by the Independent Board Committee of Dacian, comprising Independent Non-Executive Chairman, Craig McGown and Independent Non-Executive Director, Sue-Ann Higgins, in the absence of a superior proposal and subject to the Independent Expert opining and continuing to opine that the Offer is fair and reasonable or not fair but reasonable. The Offer is conditional only on Genesis holding a relevant interest in at least 90% of all Dacian Shares on issue during or at the end of the Offer period. The Implementation Deed also details circumstances under which Dacian may be required to pay a AUD570,000 break fee to Genesis payable in certain circumstances, and Genesis may be required to pay a “reverse” break fee in the same amount to Dacian. Genesis does not require any Regulatory Approval or the approval of its shareholders or the approval or consent of any other person to enter into or perform any of its obligations. Dacian has appointed Longreach Capital as financial advisor and EMK Lawyers as legal advisor in connection with the Offer. Duyuru • Oct 05
Kin Mining NL, Annual General Meeting, Nov 24, 2023 Kin Mining NL, Annual General Meeting, Nov 24, 2023. Board Change • Oct 03
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Executive Chairman Rowan Johnston was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Sep 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$8.3m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (AU$47.1m market cap, or US$30.3m). New Risk • Aug 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$8.3m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (AU$47.1m market cap, or US$30.5m). New Risk • Aug 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$8.3m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (36% increase in shares outstanding). Market cap is less than US$100m (AU$40.1m market cap, or US$26.2m). Duyuru • Jul 11
Kin Mining NL Announces Management Changes, Effective 18 August 2023 The Board of Kin Mining NL announced that it has appointed highly experienced mining executive Mr. Rowan Johnston as Executive Chairman. This role has been created following the resignation of Managing Director Andrew Munckton. This change will be effective from 1 August 2023, with Andrew remaining as Managing Director until that time and staying with the company until 18 August 2023. Mr. Johnston is an experienced mining engineer whose resources industry career spans more than 40 years, including significant experience as a company director in both executive and non-executive roles. Mr. Johnston is currently a Non-Executive Director of ASX-listed PNX Metals and Non-Executive Chairman of Gascoyne Resources. Mr. Munckton initially joined Kin as Chief Executive Officer in April 2018 and was subsequently appointed as Managing Director in July 2018. Mr. Munckton has resigned to pursue other business opportunities but will remain with Kin until 18 August 2023 to ensure an orderly leadership transition. Mr. Joe Graziano will step aside as Chairman but will remain as a Non-Executive Director. New Risk • Jul 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$8.3m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (36% increase in shares outstanding). Market cap is less than US$100m (AU$34.2m market cap, or US$22.7m). Duyuru • Jun 02
Kin Mining NL Appoints Nicholas Anderson as Executive Director Business Development The Board of Kin Mining NL announced the appointment of Mr. Nicholas Anderson as Executive Director Business Development. The newly-created role will be focused on identifying opportunities for Kin to build additional value for shareholders in the highly prospective Leonora gold district of Western Australia. Mr. Anderson has been a non-executive Director of Kin Mining since July 2019 and has over 20 years' experience across the mining and corporate finance industries, with a wealth of experience in corporate transactions, mergers and acquisitions, debt financing and management. Duyuru • Jan 25
Kin Mining NL Reports High-Grade Potential Continues to Grow At Cardinia with New Results from Helens East Kin Mining NL reported further significant assay results from Reverse Circulation (RC) drilling completed towards the end of last year at its 100%-owned 1.4Moz Cardinia Gold Project (CGP) near Leonora in Western Australia targeting a new high-grade exploration opportunity along the Eastern Corridor. RC drilling extending south along the Helens East Fault from the shallow 35,000oz Fiona Mineral Resource has intersected a strongly mineralised zone of vein-style quartz-sulphide mineralisation over a strike length of approximately 1km to the south, associated with the Helens East Fault position. The Helens East Fault appears to be a second significant mineralised structure, running parallel to the Helens- Rangoon Fault, which forms part of the Eastern Corridor series of deposits at Cardinia. The Eastern Corridor has been a major focus for Kin's exploration activities over the past 12-18 months. Helens East Fault RC Drilling Program: Kin Mining recently completed a 17-hole RC drilling program to confirm the extent of the high-grade mineralisation intersected along the Helens East Fault, south of the Fiona deposit. The Helens East Fault represents a second significant mineralised structure, located approximately 200m east of and parallel to the Helens-Rangoon Fault. The Helens East Fault is interpreted to intersect the Helens-Rangoon Fault at depth. The results received to date have confirmed the extension of high-grade mineralisation below and to the south of the Fiona deposit and the discovery of new, steep west-dipping lodes of quartz sulphide mineralisation that sit on the Helens East Fault. The strike length of the high-grade mineralised structure intersected to date, inclusive of the near-surface Fiona deposit, is approximately 1km and remains open in all directions. The recent RC drilling program has confirmed west-dipping, narrow high-grade lodes and it is interpreted that Helens East fault mineralisation is sourced from the east-dipping Helens-Rangoon Fault at depth, adding to the attraction of the depth extensions of Helens East. Importantly, the Helens East Fault has been mapped at surface for a strike length of approximately 2km extending south of the recent drilling parallel to the Helens-Rangoon Fault. This southern extension of the Helens East Fault corresponds to a significant surface gold-in-soil anomaly and remains untested by drilling other than two isolated historical drill holes at the very southern extent, both of which intersected shallow, high-grade mineralisation. Significant recent drilling results from Helens East including 7m at 24.7g/t (HE22RC022), 8m at 6.83g/t (HE17RC026) and 7m at 5.99g/t (HE17RC099) are illustrated showing a series of north-plunging high-grade shoots of gold mineralisation over a structure confirmed to be mineralised over a strike length of 1km. New intersections join previous high-grade mineralisation along the Helens East Fault trend. Previously reported intersections include: 7m at 24.7g/t Au from 107m (HE22RC022); 2m at 24.0g/t Au from 204m (HE22RC039); 3m at 5.38g/t Au from 108m (HE22RC030); 2m at 6.50g/t Au from 33m (HE22RC033); 1m at 7.98g/t Au from 9m (HE22RC028); 1m at 5.20g/t Au from 32m (HE22RC025); 21m at 3.58g/t Au from 45m (HE20RC358) including 7m at 6.16 g/t Au from 58m; 8m at 6.83g/t Au from 22m (HE17RC026); 7m at 5.99g/t Au from 23m (HE17RC099); 15m at 3.50g/t Au from 32m (HE17RC082); 17m at 2.53g/t Au from 4m (HE17RC044). Geology and Mineralisation: Mineralisation within the Eastern Corridor is situated along a 2km wide north-south striking zone consisting of a number of distinct faults which pass through the area, cross-cutting stratigraphy and typically hosting high-grade gold-pyrite mineralisation. The gold mineralisation is characterised by carbonate-sericite rich alteration zones with quartz veining, pyrite and a distinctive suite of pathfinder elements concentrated along the faults and at the contacts of strongly altered mafic and felsic rocks. High-grade gold mineralisation has been delineated at five deposits within the Eastern Corridor to date (Helens, Rangoon, Cardinia Hill, Fiona and East Lynne), which collectively hosts more than 315koz of generally shallow open pit material. These deposits are believed to represent the near-surface expression of an extensive, high-grade mineralised system that extends over an area of approximately 2km by 5km on the eastern side of the CGP known as the Eastern Corridor. Implications and Next Steps: The results of RC drilling at Helens East outlined in this announcement continue to demonstrate the potential of the Eastern Corridor to host significant new zones of high-grade gold mineralisation. High-grade (+5.0g/t Au) intercepts typically exhibit a quartz-sulphide lode-style of mineralisation located along the extensive fault and structural system of the Eastern Corridor. The Helens East Fault appears to be a continuous mineralised position extending over a strike length of at least 1km containing a number of high- grade shoots of mineralisation. It appears to be related to the 3.0km long Helens-Rangoon Fault which, at surface, lies approximately 200m to the west and is intersected at depth. Other, as yet untested faults and structures are also present, have been mapped at surface and are marked by an extensive soil geochemical signature. Their relationship to the Helens-Rangoon and Helens East Faults remains to be determined, however it is clear that the Eastern Corridor contains a complex of interconnected structural positions that are favourable to quartz-sulphide lode formation and high-grade gold mineralisation. Follow-up programs are currently being designed, aimed at improving the confidence in the extensions along strike at the Helens East, Cardinia Hill and other mapped faults in the area ahead of future potentially significant in-fill drilling programs to update and extend Mineral Resource estimates across the Eastern Corridor. Duyuru • Jan 17
Kin Mining NL Completes Drilling at its 100%-Owned 1.4Moz Cardinia Gold Project (CGP) Kin Mining NL announced that Reverse Circulation (RC) and diamond drilling completed towards the end of last year at its 100%-owned 1.4Moz Cardinia Gold Project (CGP) near Leonora in Western Australia has confirmed a significant new high-grade exploration opportunity along the Eastern Corridor. RC drilling extending south along the Helens East Fault from the shallow Fiona deposit has intersected a strongly mineralised zone of vein-style quartz-sulphide mineralisation over a strike length of approximately 500m south associated with the Helens East Fault position. In addition, diamond drilling extending south from the Rangoon deposit, has intersected narrow, high-grade lode style mineralisation along the Helens-Rangoon Fault, confirming the continuation of higher grade sulphide mineralisation between Helens and Rangoon. The Helens East Fault appears to be a second significant mineralised structure, running parallel to the Helens-Rangoon Fault, which forms part of the Eastern Corridor series of deposits at Cardinia. The Eastern Corridor has been a major focus for Kin's exploration activities over the past 12-18 months. As part of its ongoing exploration and growth program at the CGP, Kin Mining recently completed a 5-hole diamond drilling program, for a total of 960m (three holes were diamond tails) to confirm the extent of the high-grade mineralisation intersected at the southern end of Rangoon associated with the Helens-Rangoon Fault. Hole RN22DD082 did not reach target depth. The Helens-Rangoon Fault represents a significant mineralised structure located below the Helens and Rangoon deposits which trends north-south. Each drill-hole has intersected the mineralised, steeply-dipping Helens-Rangoon Fault and demonstrates that the structure remains open at depth and along strike. The Helens-Rangoon Fault is one of a series of N-S oriented faults that control the distribution of +5.0g/t Au mineralisation across the Eastern Corridor at Cardinia. Other parallel faults, which have significantly less drilling than Helens-Rangoon, also host near-surface expressions of +5.0g/t Au mineralisation including deposits at Helens East, Fiona and Cardinia Hill. New intersections join previously intersected high-grade mineralisation along the Helens-Rangoon Fault. Previously reported intersections include: 32m at 2.98g/t Au from 129m including 12m at 5.62g/t from 129m; and 12m at 2.25g/t from 149m (RN22RC161); 15m at 3.03g/t Au from 162m (RN22RC162) and 7m at 2.77g/t Au from 76m (RN22RC166). A longitudinal projection of the Helens-Rangoon Fault showing the Helens and Rangoon Mineral Resource position and recent drilling results. Significant recent drilling results from Rangoon and the location of recent drill-hole IP22DD001 is illustrated, showing a series of north-plunging high-grade shoots of gold mineralisation over a structure confirmed to be mineralised over 3.0km of strike length. Cross section B-B' showing the extent of high-grade mineralisation and orientation of the mineralisation relative to the position of the Helens-Rangoon Fault. Kin Mining recently completed a 17-hole RC drilling program to confirm the extent of the high-grade mineralisation intersected along the Helens East Fault south of the Fiona deposit. The Helens East Fault represents a second significant mineralised structure, located approximately 200m east of and parallel to the Helens-Rangoon Fault. The Helens East Fault is interpreted to intersect the Helens-Rangoon Fault at depth. Assays have been returned for 9 of the 17 holes with significant intersections. Drill-hole location details are summarised. The significant intersection in HE22RC039 (2m @ 24 g/t from 204m) is characterised by logged pyrite as 2% and moderate quartz. The results received to date have confirmed the extension of high-grade mineralisation below and to the south of the Fiona deposit and the discovery of new, steep west-dipping lodes of quartz sulphide mineralisation that sit on the Helens East Fault. The strike length of the high-grade mineralised structure intersected to date, inclusive of the near-surface Fiona deposit, is approximately 1000m and remains open in all directions. The recent RC drilling program has confirmed west-dipping, narrow high-grade lodes and it is interpreted that Helens East fault mineralisation is sourced from the east-dipping Helens-Rangoon Fault at depth, adding to the attraction of the depth extensions of Helens East. Importantly, the Helens East Fault has been mapped at surface for approximately 1,800m of strike length extending south of the recent drilling parallel to the Helens-Rangoon Fault. This southern extension of the Helens East Fault corresponds to a significant surface soil anomaly and remains untested by drilling. A longitudinal projection of the Helens East Fault showing the Fiona Mineral Resource position and recent drilling results. Significant recent drilling results from Helens East include 7m at 24.7 g/t (HE22RC022), 8m at 6.83 g/t (HE17RC026) and 7m at 5.99g/t (HE17RC099) are illustrated showing a series of north-plunging high-grade shoots of gold mineralisation over a structure confirmed to be mineralised over 1000m of strike length. Cross-section 6815200N showing the extent of high-grade mineralisation and orientation of the mineralization relative to the position of the Helens East Fault. New intersections join previous high-grade mineralisation along the Helens East Fault trend. Previously reported intersections include: 7m at 24.7g/t Au from 107m (HE22RC022); 3m at 5.38g/t Au from 108m (HE22RC030); · 2m at 6.50g/t Au from 33m (HE22RC033); 1m at 7.98g/t Au from 9m (HE22RC028); 1m at 5.20g/t Au from 32m (HE22RC025); 21m at 3.58g/t Au from 45m (HE20RC358) including 7m at 6.16 g/t Au from 58m; 8m at 6.83g/t Au from 22m (HE17RC026); 7m at 5.99g/t Au from 23m (HE17RC099); 15m at 3.50g/t Au from 32m (HE17RC082) and 17m at 2.53g/t Au from 4m (HE17RC044). Mineralisation within the Eastern Corridor is situated along a 2km wide north-south striking zone consisting of a number of distinct faults which pass through the area, cross-cutting stratigraphy and typically hosting high-grade gold-pyrite mineralisation. The gold mineralisation is characterized by carbonate-sericite rich alteration zones with quartz veining, pyrite and a distinctive suite of pathfinder elements concentrated along the faults and at the contacts of strongly altered mafic and felsic rocks. High-grade gold mineralisation has been delineated at five deposits within the Eastern Corridor to date (Helens, Rangoon, Cardinia Hill, Fiona and East Lynne), which collectively hosts more than 315koz of generally shallow open pit material. These deposits are believed to represent the near-surface expression of an extensive, high-grade mineralized system that extends over an area of approximately 2km by 5km on the eastern side of the CGP. Board Change • Nov 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non-Executive Director Brian B. Dawes was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Brian B. Dawes was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 09
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Brian B. Dawes was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 07
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Brian B. Dawes was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Is New 90 Day High Low • Oct 22
New 90-day high: AU$0.23 The company is up 70% from its price of AU$0.14 on 24 July 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is flat over the same period. Is New 90 Day High Low • Oct 14
New 90-day high: AU$0.21 The company is up 68% from its price of AU$0.13 on 16 July 2020. The Australian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 1.0% over the same period.