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PATRONUS RESOURCES LIMITED — Board/Management Information 2018
Feb 11, 2018
65620_rns_2018-02-11_7971d80b-9c6b-4317-b550-a5b52444b7a8.pdf
Board/Management Information
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ASX Code: KIN
Board of Directors
Trevor Dixon
Chairman
RECEIPT OF NOTICE PURSUANT TO SECTION 249D OF THE CORPORATIONS ACT 2001
Don Harper
Managing Director
David Sproule Technical Director
Joe Graziano
Non-Executive Director & Company Secretary
Kin Mining NL (ASX: KIN) (The Company) wishes to advise that the Company has received a notice from:
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(a) Mr Terrence Ronald Grammer;
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(b) Mr Marvyn John Fitton; and
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(c) Orbit Drilling Pty Ltd,
notifying the Company that those shareholders request pursuant to section 249D of the Corporations Act 2001 that the Company call a general meeting of shareholders to consider the following resolution:
Contact Details
Post
PO Box 565 Mount Hawthorn Western Australia 6915
Office
342 Scarborough Beach Road Osborne Park Western Australia 6017
Phone
08 9242 2227
(a) Resolution 1 – Removal of Director – Mr David Sproule
“That in accordance with section 203D of the Corporations Act, David Sproule be removed as a director of Kin Mining NL effective immediately on the passing of this resolution.”
The abovementioned shareholders have advised that they hold 5% or more of the current share capital of the company.
The Company will undertake the necessary steps to convene a general meeting in compliance with the Corporations Act 2001. Further details of the general meeting will be circulated to shareholders in due course.
Fax
08 9242 1277
-ENDS-
Website
Shares on Issue:
221,347,198 Unlisted Options : 40,955,667
For further information, please contact:
Trevor Dixon Chairman Kin Mining NL +61 8 9242 2227
Joe Graziano Company Secretary Kin Mining NL +61 8 9242 2227
ASX: KIN
About Kin Mining
Kin Mining (ASX: KIN) is an emerging gold development company with a significant tenement portfolio in the highly prospective North-Eastern Goldfields region of Western Australia. The Company has completed its Definitive Feasibility Study on the Leonora Gold Project forecasting an average production rate of 55,000oz[1] pa. The Company has also upgraded its resources to 1.02Moz[2] and released its Maiden Ore Reserve of 373,000oz[1] . Kin is seeking to increase shareholder value through continued aggressive exploration on its tenements and achieving gold production in the second half of 2018.
1The 2 October 2017 DFS included the proposed 3.75% West Australian Government Gold Tax. This proposal has since been rejected with the revised AISC now A$1,018/oz. The Company confirms that it is not aware of any new information or data that materially affects the information included in the ASX announcement of 2 October 2017 “Feasibility confirms a high margin gold mine for Kin at its Leonora Gold Project”, and that all material assumptions and technical parameters underpinning the estimates in that announcement continue to apply and have not materially changed. For Reference see ASX Announcement 2/10/2017 Feasibility confirms a high margin gold mine for Kin at its Leonora Gold Project
2The Company confirms that it is not aware of any new information or data that materially affects the information included in the ASX Announcement of 30 August 2017 “Kin Defines +1 Million ounces of Gold at the Leonora Gold Project”, and that all material assumptions and technical parameters underpinning the estimates in that announcement continue to apply and have not materially changed.