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PATRONUS RESOURCES LIMITED — Board/Management Information 2018
Jan 15, 2018
65620_rns_2018-01-15_ef16960c-4dd9-4343-8695-6a91aaa129be.pdf
Board/Management Information
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ASX Code: KIN
Board of Directors
Trevor Dixon Chairman
Don Harper Managing Director
David Sproule Technical Director
Joe Graziano
Non‐Executive Director & Company Secretary
Contact Details
Post
PO Box 565 Mount Hawthorn Western Australia 6915
Office
342 Scarborough Beach Road Osborne Park Western Australia 6017
Phone
Kin appoints Exploration Manager to drive further discovery at Kin’s Leonora Gold Project
Kin appoints Exploration Manager to guide aggressive drilling campaign in 2018. The Company is well funded to recommence drilling at its prospective Cardina mining centre.
Kin Mining NL ( KIN ) is pleased to announce the appointment of Glenn Grayson as Exploration Manager, effective 9 January 2018.
Mr Grayson is a geologist with deep exploration experience in the goldfields of Western Australia. He has held senior roles with Northern Star Resources and Barrick Gold. Mr Grayson has a successful track record of increasing Life of Mine gold resources through exploration success and brings a wealth of knowledge to the Kin team.
On the back of many high-grade intercepts discovered during more than 40,000m of drilling in 2017 Kin announced a 43% increase in Mineral Resources to 1.023M ounces Au in August 2017[2] . A Maiden Ore Reserve of 373koz Au was announced on 2 October 2017[1] and the company has since raised $7M to support an aggressive exploration program which is expected to re-commence during Q1 2018.
08 9242 2227
Fax
08 9242 1277
Mr Grayson’s experience within the Western Australian goldfields will provide considerable knowledge to deliver positive outcomes from work planned for 2018. He holds a BAppSc in Geology from the University of Ballarat and a Graduate Diploma in Geospatial Information from RMIT.
Website
www.kinmining.com.au
Kin’s Managing Director, Don Harper, said the Company was delighted to have secured someone of Mr Grayson’s calibre and experience who will continue to drive the Company’s growth aspirations through advanced near mine gold exploration and gold production.
Shares on Issue:
221,347,198 Unlisted Options : 40,955,667 ASX: KIN
“With the appointment of Glenn we add additional depth to the exploration team. In a climate of a rising gold prices, we are well funded to embark on an aggressive exploration campaign in 2018 aimed at unlocking the huge exploration potential whilst also bringing the Leonora Gold Project into production.”
-ENDS-
For further information, please contact: Don Harper Kirsty Danby Managing Director Platform Communications Kin Mining NL +61 8 9242 2227 +61 8 6467 7640
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.