PATRONUS RESOURCES LIMITED — Capital/Financing Update 2017

Nov 19, 2017

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ASX Code: KIN

Board of Directors

Trevor Dixon

Chairman

Don Harper Managing Director

David Sproule Technical Director

Joe Graziano

Multiple Thick Gold Zones Intersected at Cardinia

Drilling intersects multiple thick gold zones at the Helens deposit located within the Cardinia Mining Centre. Mineralised zones interpreted to be widening at depth with mineralisation remaining open in all directions.

Non‐Executive Director & Company Secretary

HIGHLIGHTS

Contact Details

Post

PO Box 565 Mount Hawthorn Western Australia 6915

Office

342 Scarborough Beach Road Osborne Park Western Australia 6017

• Potentially points to a significant increase in gold Resources

• Significant recent RC drill intersections from Helens include:

• 30m @ 2.8 g/t Au from 72m including 6m @ 3.2 g/t Au and 9m @ 5.0 g/t Au (HE17RC151)

• 13m @ 3.8 g/t Au from 46m, including 7m @ 6.0 g/t Au (HE17RC152)

Phone

(08) 9242 2227

Email

info@kinmining.com.au

Website

www.kinmining.com.au

• 12m @ 2.8 g/t Au from 60m, including 2m @ 6.2 g/t Au and 7m @ 1.5 g/t Au from 93m (re-entry from 60m) (HE17RC124)

• 13m @ 2.0 g/t Au from 95m and 12m @ 2.0 g/t Au from 118m, including 6m @ 3.2 g/t Au (HE17RC150)

• 17m @ 1.2 g/t Au from 62m (HE17RC145)

Shares on Issue:

• 12m @ 1.7 g/t Au from 70m, including 5m @ 2.8 g/t Au (HE17RC146)

175,711,398

Unlisted Options : 40,335,750

ASX: KIN

• 15m @ 2.6 g/t Au from 36m, including 1m @ 5.1 g/t Au and 6m @ 4.3 g/t Au (HE17RC138)

• Further gold mineralisation identified at Fiona and Helens Mid, now has the potential to link up, providing a significant boost to open pit resources

• Follow up diamond drilling to commence shortly testing the Helens lodes at depth to better define the structural controls on the mineralisation

Kin Mining NL (ASX: KIN) is pleased to report highly significant gold assay results from twenty (20) RC Drill holes for an advance of 2,045m during the ongoing drilling campaign at the Cardinia Mining Centre, part of the 100% owned Leonora Gold Project in North-Eastern Western Australia. The RC drilling program has confirmed wide mineralised shoot extensions beyond the current resource envelopes within the extensive shear zones at Helens Main, Helens Mid and Fiona. The results confirm thick extensions to the mineralised system that remains open along strike and down plunge.

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Figure 1: Plan of Helens Main deposit highlighting location of recent RC drill holes and significant drilling results

Managing Director Don Harper said,

“This is a terrific result for the company and the timing couldn’t be better. We have changed our focus from production drilling for the Feasibility Study to exploration with an immediate positive effect. To find such shallow thick high-grade intersections outside our current mine plan, demonstrates the exploration upside at Cardinia. We look forward to drilling some diamond drill holes to better define the structural controls on the mineralisation ahead of executing a strategic drill program at Helens.”

The Helens deposit has undergone extensive drilling during 2017 with outstanding results earlier this year contributing to an increase in the Helens Mineral Resource to 1.27 Mt @ 1.5 g/t Au for 61,000 oz (see ASX announcement dated 30 August 2017 “Kin defines +1 million ounces of gold”).

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Figure 2: Cross Section A highlighting recent wide intersection below the open pit design

Helens Main – Discussion

Helens Main deposit is a coherent sheared basalt hosted deposit with a 550m strike length (Figure 1). The interpreted south plunging mineralised shoot can be traced on multiple sections and all four new holes HE17RC149 to HE17RC152 intersected the same target lode. Mineralisation is interpreted to be widening at depth below the base of the proposed open pit, with the system remaining open along strike and down plunge, which may continue southward into untested areas beyond the southern limit of the proposed open pit.

The mineralisation intersected in HE17RC151 and HE17RC152 occurs at the southern end of the deposit and is highly significant due to the width and grade and suggests the shoot is widening at depth (Figure 2 and Figure 3).

• 30m @ 2.8 g/t Au from 72m

including 6m @ 3.2 g/t Au and 9m @ 5.0 g/t Au ( HE17RC151)

• 13m @ 3.8 g/t Au from 46m

including 7m @ 6.0 g/t Au (HE17RC152)

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Figure 3: Cross Section B highlighting recent high-grade intersection below the open pit

design

The historical drilling covering the projected southern shoot extensions is shallow and was regarded as ineffective due to the depth of the plunging mineralised zone which was below the extent of the existing holes at only 28m depth.

Areas immediately south of these significant results will be targeted with RC and Diamond drilling testing the continuity of the potential southern strike extensions to the Helens Main ore body.

During the current program two RC holes in the centre of Helens Main deposit were extended to investigate if mineralisation at the deepest part of the proposed DFS pit (currently 64m) persisted deeper (Figure 4), with immediate success.

HE17RC124 was re-entered from 60m and intersected multiple zones of mineralisation that collectively total 53m @ 1.3 g/t Au (Figure 4). Such a wide intersection demonstrates that the mineralised shear zone has a true width over 30m in places. The highest grade of the interval 12m @ 2.8 g/t Au was intersected directly below the current mine design and there is a high likelihood that the mine design will expand due to this intersection as well as the other significant intersections from the recent drilling.

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Figure 4: Cross Section C highlighting the wide zone of mineralisation intersected below the current mine design

The northern end of the Helens Main deposit was also tested with three holes (Figure 1). HE17RC145 and HE17RC146 both successfully intersected the sheared lode material where wide intersections include:

• 17m @ 1.2 g/t Au from 64m

• including 2m @ 2.9 g/t Au ( HE17RC145)

• 12m @ 1.7 g/t Au from 70m, including 5m @ 2.8 g/t Au (HE17RC146)

The mineralisation intersected in both of these holes confirms the northern strike extension of the Helens Main deposit and supports the likelihood of further mine design expansion to the north.

Fiona – Discussion

Fiona (60m north of Helens Mid, see Figures 5 and 6) has progressed from a high-grade discovery in March 2017 to an Ore Reserve (ASX Announcement on 2[nd] October 2017). Recent drilling was designed to test for mineralisation extending south towards the Helens Mid deposit. The potential for mineralisation identified at Fiona and Helens Mid to link up is now regarded as highly probable, with mineralisation at both deposits now being identified below current pit designs.

Rock types and structural control at both deposits are continuous and the area between the two deposits presents as a standout drill target that could represent a continuous mineralised corridor (Figure 5).

The two intersections at Fiona that demonstrate excellent south plunge extension include:

• 15m @ 2.6 g/t from 36m including 6m @ 4.3 g/t Au from 41m, and 1m @ 5.1 g/t Au from 38m (HE17RC138)

• 16m @ 1.2 g/t from 44m including 1m @ 5.5 g/t Au from 44m, and 1m @ 4.9 g/t from 59m (HE17RC139)

The RC drilling intersected the ore body at depth below the current open pit design and the mineralised system at Fiona still remains open at depth.

Other significant recent RC intersections at Fiona include:

• 11m @ 2.0 g/t Au from 41m, including 7m @ 2.4 g/t Au (HE17RC136)

• 16m @ 1.2 g/t Au from 44m , including 1m @ 5.5 g/t Au and 1m @ 4.9 g/t Au (HE17RC139)

• 8m @ 1.0g/t Au from 17m , including 3m @ 1.8 g/t Au (HE17RC141)

Previous shallow significant intersections at Fiona confirm wide mineralisation at above average grade including:

• 9m @ 6.1 g/t Au from 21m including 3m @ 12 g/t AU (HE17RC026)

• 8m @ 51.4 g/t Au from 31m including 4m @ 101 g/t (HE17RC028)

(see ASX announcement dated 28[th] June 2017 “Further strong drill results at Fiona confirm potential for a Maiden Resource”).

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Figure 5: Long Section of the Helens-Fiona Deposit highlighting recent high-grade results within and below the current open pit designs

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Figure 6: Geological interpretation of the Helens Mid and Fiona area with recent drillhole locations and significant intersections

Exploration Upside

The recent results demonstrate that the Helens area is not closed off and appears to be widening at depth beyond the base of the proposed open pit designs. The mineralised system remains open in all directions and there are significant untested areas along strike of the Helens deposits (Figure 7).

The current drill campaign was one of the first to test potential strike extensions at Helens and was successful in extending the mineralised zones along strike, especially at the Helens Main deposit. These results clearly demonstrate that the gold mineralisation at Helens is persistent along strike, and highlights the potential for the mineralised shear zone to extend further.

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Figure 7: Plan view highlighting potential strike extensions of the Helens Area

The Helens Area constitutes a portion of the Cardinia Mining Centre (Figure 8), and the potential for strike and depth extensions at Helens is indicative of the entire Cardinia Mining Centre. The majority of the Cardinia Mining Centre has been poorly tested at depth, with few holes deeper than 100m depth (Figure 9), highlighting the significant opportunity for additional exploration success.

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Figure 8: Cardinia Mining Centre area with maximum downhole gold values

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Figure 9: Cardinia Mining Centre continues to present significant exploration potential at depth.

Table 1. Significant Gold Intersections - Helens Main (0.5 g/t Au cutoff, with no more than 2m internal dilution)

Hole ID	Depth (m)	Easting (MGA94)	Northing (MGA94)	Dip/Azi	From (m)	To (m)	Width (m)	Grade (g/t Au)
HE17RC 123	126	365231	6814923	‐60/245	73	74	1	0.5
Re‐entry		Re‐entry	From 60m		92	100	8	0.9
Helens Main					107	109	2	1.2
					114	115	1	0.9
HE17RC 124	120	365227	6814943	‐60/245	60	72	12	2.8
Re‐entry		Re‐entry	From 60m	Incl.	61	63	2	6.2
Helens Main				and	67	69	2	4.3
					77	78	1	3.3
					81	90	9	0.6
					93	100	7	1.5
					103	104	1	1.4
					109	113	4	2.6
HE17RC 144	78	365207	6815199	‐60/245	24	25	1	0.6
Helens Main					28	29	1	6.7
HE17RC 145	90	365221	6815205	‐60/245	43	45	2	0.7
Helens Main					54	55	1	0.7
					64	81	17	1.2
				Incl.	71	73	2	2.9
HE17RC 146	84	365222	6815190	‐60/245	25	26	1	1.2
Helens Main					60	64	4	0.6
					70	82	12	1.7
				Incl.	77	82	5	2.8
HE17RC 147	138	365233	6815046	‐60/245	81	87	6	1.6
Helens Main				Incl.	83	85	2	2.1
HE17RC 148	145	365241	6815030	‐60/245	97	98	1	0.8
Helens Main
HE17RC 149	90	365212	6814749	‐60/245	29	33	4	1.9
Helens Main					39	46	7	1.4
HE17RC 150	156	365252	6814722	‐60/245	64	65	1	1.3
Helens Main					69	70	1	1.1
					73	75	2	0.7
					90	91	1	0.8
					95	108	13	2.0
				Incl.	105	108	3	3.1
					118	130	12	2.0
				Incl.	119	125	6	3.2
					144	145	1	0.6
HE17RC 151	114	365249	6814699	‐60/245	59	61	2	1.7
					72	102	30	2.8
				Incl.	83	89	6	3.2
				and	91	100	9	5.0
					105	106	1	0.6
HE17RC 152	90	365244	6814672	‐60/245	46	59	13	3.8
Helens Main				Incl.	48	55	7	6.0
					67	71	4	0.9

Table 2. Significant Gold Intersections - Fiona (0.5 g/t Au cutoff, with no more than 2m internal dilution)

Hole ID	Depth (m)		Easting (MGA94)	Northing (MGA94)	Dip/Azi	From (m)	To (m)	Widt h(m)	Grade (g/t Au)
HE17RC128	126		365389	6815314	‐60/245	88	91	3	2.4
Re‐entry			Re‐entry	From 90m		106	107	1	1.2
Helens Mid
HE17RC136	90		365351	6815467	‐60/245	41	52	11	2.0
Fiona					Incl.	44	51	7	2.4
						57	58	1	0.7
HE17RC137	90		365359	6815455 365359	6815455 ‐60/245	43	44	1	0.9
Fiona
HE17RC138	90		365354	6815442	‐60/245	36	51	15	2.6
Fiona					Incl.	38	39	1	5.1
					and	41	47	6	4.3
						54	56	2	2.7
					Incl.	54	55	1	4.9
						67	69	2	0.9
HE17RC139	90		365357	6815424	‐60/245	31	32	1	1.8
Fiona						38	40	2	2.2
						44	60	16	1.2
					Incl.	44	45	1	5.5
					and	59	60	1	4.9
HE17RC140	96		365341	6815402	‐60/245	59	60	1	0.8
Fiona
HE17RC141	90		365353	6815407	‐60/245	17	25	8	1.0
Fiona					Incl.	22	25	3	1.8
						30	31	1	1.5
HE17RC142	90		365367	6815412	‐60/245	41	42	1	0.6
Fiona						75	76	1	0.6
HE17RC143	192		365576	6815412	‐60/245	50	52	2	0.8
Helens East						94	99	5	0.6
						163	164	1	2.0

-ENDS-

For further information, please contact:

Don Harper Kirsty Danby Managing Director Director Kin Mining Platform Communications +61 8 9242 2227 +61 413 401 323

About Kin Mining NL

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.

Kin Mining NL were the winning recipient of the Diggers and Dealers Best Emerging Company Award 2017.

1The 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.

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.

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Competent Persons Statement

The information contained in this report relates to information compiled or reviewed by Paul Maher who is a member of the Australasian Institute of Mining and Metallurgy (AusIMM) and Mr. Simon Buswell‐Smith who is a Member of the Australian Institute of Geoscientists (MAIG), both are employees of the company and fairly represent this information. Mr. Maher and Mr. Buswell‐Smith have sufficient experience of relevance to the styles of mineralisation and the types of deposit under consideration, and to the activities undertaken to qualify as Competent Persons as defined in the 2012 edition of the “JORC Australian code for reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Maher and Mr. Buswell‐Smith consent to the inclusion in this report of the matters based on information in the form and context in which it appears.

HELENS

TABLE 1 SECTION 1 – Sample Techniques and Data

Criteria	Commentary
Sampling techniques	Drill holes are sampled as one metre (1m) riffle split samples, as drilled. Samples were collected as individual split metre intervals. Approximately 3‐4kg of sample was collected over each sampled (1m) interval. All samples are drill chips collected via a riffle splitter attached to the rig cyclone and collected/split as drilled. At the end of each metre drilled the cyclone underflow is closed off, the underside of the sample box is opened and the sample passes down through the riffle splitter. Sampling techniques are considered to be in line with the standard industry practice and are considered to be representative. Once received at the assay laboratory (SGS) drill samples were dried, crushed, pulverised, split to a representative 50 gram sample and assayed. All drill holes are accurately located and referenced with grid coordinates recorded in the standard MGA94 Zone51 grid system. Samples are collected using a standard RC face sampling hammer or blade bit, they are split/bagged/logged at the drill site. Samples were analysed via Fire Assayed (50 gram charge) for Au only. Only the drill results contained in the table of significant intersections are considered in this document. All sample collection, sample handling and drilling procedures are conducted and guided by Kin Mining protocols, QA/QC procedures are implemented during the drilling program as per industry standard.
Drilling techniques	Drilling from surface is completed by standard Reverse Circulation (RC) drilling techniques. RC drilling was conducted by Orbit Drilling Pty Ltd using a Hydco 350 8x8 Actross drilling rig with a 350psi/1250cfm air capacity. RC drilling used a face‐sampling hammer bit over 130mm diameter drill holes. The majority of drilling retrieved dry samples, Auxiliary and booster air compressors were used beneath the water table to maintain dry sample return. On occasion wet samples were returned however the number of wet samples is considered to be minimal. The holes have been surveyed using a multi‐shot downhole camera.
Drill sample recovery	Sample recovery is measured and monitored by the drill contractor and Kin Mining representatives, bag volume is visually estimated and sample recovery was generally very good. The volume of sample collected for assay is considered to represent a composite sample of the metre drilled. Sample recovery is maximized by using best‐practice drill techniques, the entire 1m sample is blown back through the rod string, the cyclone is then sealed at the completion of each metre, and the sample interval collected and split with a three tiered riffle splitter. The riffle splitter is attached to the rig cyclone; the entire (1m) sample is split. The riffle splitter, cyclone and sample collection box is cleaned with compressed air at the end of each metre and at the completion of the hole. Duplicate 1m samples and known standards (CRM’s) and blanks are inserted at constant intervals at a rate of five per one hundred samples. The vast majority of samples were collected dry however on rare occasions wet or damp samples were encountered. The reported intersections were collected over dry intervals; sampling equipment was cleaned periodically to reduce cross bag contamination. RC drill samples are collected, recorded and stored in numbered calico bags and then removed from the field. No relationship was observed between sample recovery and grade.
Logging	Kin’s procedure for geological logging of RC sample includes recording the colour, lithology, sulphide mineralisation content, veining, alteration, texture, oxidation, grid coordinates, sample interval, depth and other features. Data is physically and electronically recorded and stored. The level of logging detail is considered appropriate for resource drilling. Logging of geology and colour are interpretative and qualitative, whereas logging of mineral percentage is quantitative. All drill holes are logged in their entirety, at 1m intervals, to the end of hole. All drill hole logging data is digitally and physically captured, data was entered directly into “tablet” computers in the field. Data is validatedprior to beinguploaded to the data base.

Criteria	Commentary
Sub‐ sampling techniques and sample preparation	See Sampling techniques in the above section. The sample collection methodology is considered appropriate for RC drilling and is within today’s standard industry practice. Riffle split one metre sample (1m) results are regarded as reliable and representative. RC samples are split with a riffle splitter at one metre intervals as drilled. Analysis was conducted by SGS Australia Pty Ltd Laboratories. At the laboratory samples are dried, crushed and pulverised until the sample is homogeneous. Analysis technique for gold (only) was a Fire Assay 50 gram charge AAS finish (Lab method FAA505). The vast majority of samples were collected dry; on occasion ground water was encountered and a minimal number of samples were collected damp. At regular intervals field certified reference standards, blanks and duplicate samples were submitted with the sample batch, the assay laboratory (SGS) also included their own internal checks and balances consisting of repeats and standards; repeatability and standard results were within acceptable limits. No issues have been identified with sample representatively. The sample size is considered appropriate for this type of mineralisation style.
Quality of assay data and laboratory tests	Geochemical analysis was conducted by SGS Laboratories in Kalgoorlie. Sample preparation included drying the samples (105°C) and pulverising to 95% passing 75µm. Samples were then riffle split to secure a sample charge of 50 grams. Analysis was via Fire Assay (FAA505) with AAS finish. Only gold analysis was conducted (ppm detection). The analytical process and the level of detection are considered appropriate for this stage of exploration. Fire assay is regarded as a complete digest technique. No geophysical tools were used to determine any element concentrations. Internal laboratory quality control procedures have been adopted and accepted. Certified reference material (CRM’s) in the form of standards, blanks and duplicates are periodically imbedded in the sample batch by Kin Mining at a ratio of 1:20. Sample pulp assay repeatability, internal blanks and CRM standard assay results are within acceptable limits.
Verification of_sampling _and assaying	The reported significant intersections have been verified by Kin Mining’s company geologists. All the logged samples have been fire assayed; the assay data has been stored physically and electronically in the company database using Kin Mining’s protocols. The sampling and assay data has been compiled, verified and interpreted by company geologists. No holes were twined. No adjustments, averaging or calibrations are made to any of the assay data recorded in the database. QA/QC protocol is considered industry standard with standard reference material submitted on a routine basis.
Location of data points	Drill hole collars were located and recorded in the field using a hand held GPS with a three metre or better accuracy. At a later date collars will be followed up and verified by licensed surveyors using a RTK DGPS (with a horizontal and vertical accuracy of ±50mm). The grid coordinate system utilised is (GDA94 Zone51). Hole locations were visually checked on the ground and against existing plans for spatial verification. Topographic control is nominal (i.e. surface RL) but will be accurately recorded by the surveyors as part of the DGPS pick‐up.
Data spacing and distribution	The drill hole spacing is project specific; the RC drilling patterns employed were dependent on previous drilling results, geological interpretation and proximity to old workings. The sample spacing is considered close enough to identify significant zones of gold mineralisation. The drill program is a follow up/ongoing exploration exercise that was designed to identify areas of geological interest and follow up existing mineralisation identified at Helens on M37/317. Closer spaced drilling on surrounding cross sections and follow up diamond drilling maybe required to further delineate the extent, size and geometry of some areas within the identified zones of gold mineralisation. Drill spacing and drill technique is sufficient to establish the degree of geological and grade continuity appropriate for the mineral resources and ore reserve estimation procedures and classifications applied however the mineralised system remains open and additional infill and/or deeper drilling maybe required to close off and confirm the full extent of the Helens ore bodies, particularly along strike and at depth.
Orientation of data in	The sheared Mertondale/Cardinia greenstone sequence displays a NNW to North trend. The tenement package is contiguous; the drilling and sampling program was designed to provide, as best as practicable, an unbiased location of drill sample data.

Criteria	Commentary
relation to geological structure	The chance of sample bias introduced by sample orientation is considered minimal. No orientation sampling bias has been identified in the data thus far. The vast majority of historical drilling and this campaign (HE17RC123‐124, HE17RC128 and HE17RC136 to HE17RC152) are orientated at approximately 245°/‐60° (WSW) generally orthogonal to the strike of the mineralisation. Gold mineralisation at Helens‐Fiona occurs in weathered, oxidised and sheared carbonated mafic/sediment contact, primary mineralisation has been identified at depth. Gold mineralisation appears to be shear related but may also include a supergene gold enrichment component. Gold mineralisation at Helens Main is shear controlled within a basaltic sequence that is extremely altered (carbonated) in and around the ore zone. Mineralisation is associated with quartz carbonate veining and stockworks that are associated with pyritic sulphides. The deposits are deeply intensely altered, weathered and open at depth. Originally the deposit was Aircore drilled on a 20m x 40m grid pattern by Navigator Resources. Kin Mining have infilled the grid pattern with RC drilling also on a nominal 20m x 40m grid, drilling in between the existing Navigator drill pattern.
Sample security	Samples are numbered, bagged, collected from the field and then stored until collection in a secure lockable location in Leonora. There is no perceived opportunity for the samples to be compromised. Upon completion of several drill holes batches of samples were transported to Kalgoorlie by an SGS transport contractor. The samples were then stored at the SGS lab in a secure lockable building. Samples are checked against the field manifest, sorted and prepared for assay. Samples were then assayed under the supervision of SGS at their Kalgoorlie laboratory. Once in the laboratories possession adequate sample security measures are utilised.
Audits or reviews	Sampling methodologies and assay techniques used in this drilling program are considered to be mineral exploration industry standard and any audits or reviews are not considered necessary at this particular exploration stage. No audits or reviews have been conducted apart from internal reviews and field quality controls.

TABLE 1 SECTION 2 – Reporting of Exploration Results

	TABLE 1 SECTION 2 – Reporting of Exploration Results
Criteria	Commentary
Mineral tenement and land tenure status	The RC drill program was conducted on the Helens prospect on tenement M37/317; the general area is referred to as the Cardinia Mining Centre. The tenements are held in the name of Navigator Mining Pty Ltd, a wholly owned subsidiary of Kin Mining NL. The tenements are managed, explored and maintained by Kin Mining NL. The tenements drilled represent a small portion of the larger Cardinia‐Mertondale Project (300sqkm) which hosts the 22.3Mt @ 1.43 g/t Au (1.02Moz) Leonora Gold Project (LGP) Resources. The tenements are located within the Shire of Leonora in the Mt Margret Mineral Field in the centre of the North Eastern Goldfields. The Cardinia is positioned approximately 30km ENE of Leonora. There is no known heritage or environmental impediments over the resource areas.
Exploration done by other parties	The Cardinia deposits have been extensively drilled by a number of companies including Mt Edon, SGW and in more recent times Navigator. A review of the collar file reveals the following companies: Navigator (NAV), NR (Normandy Resources?), MET (Metana), SGW (Sons of Gwalia), CIM (Centenary), AZT (Aztec), HLM (Harbour Lights) have all contributed to various drill programme at various sites, however the vast majority of recent exploration was conducted by Navigator. A test parcel of ore was mined by NAV from the nearby Bruno pit (100,000t) grade and recoveries exceeded expectations. Navigator commissioned Runge Limited to complete a Mineral Resource estimate for the Cardinia deposit in January 2009. The resource was recently revaluated (2017) by independent mining consultant Carras Mining Pty Ltd who calculated a new resource estimate of 1.27Mt @ 1.5 g/t Au for 61,000 ozs. at Helens. Recent drilling was previously conducted in the immediate area surrounding the Kin drill holes by Navigator. The data base has been interrogated and scrutinised to a level where the LGP gold resources are JORC 2012 compliant (ASX announcement 30th August 2017). Visual validation, using 3D software, has been conducted as well as cross referencing with historic reports. Mineralisation between cross sections is cohesive and robust, suggesting that the data is valid.

Criteria	Commentary
Geology	The regional geology comprises a suite of NNE‐North trending greenstones positioned on the Mertondale Shear Zone (MSZ), a splay limb of the Kilkenny Lineament. The MSZ denotes the contact between Archaean felsic volcanoclastic and sediment sequences (west) and Archaean mafic volcanics (east). Proterozoic dykes and Archaean felsic porphyries have intruded the altered mafic basalt/felsic volcanoclastic/sedimentary sequence of the MSZ. Locally within the Cardinia project area the stratigraphy consists of intermediate mafic and felsic volcanics and intrusives lithologies and locally derived epiclastic sediments which strike NNW with a sub vertical attitude. Structural foliation of the stratigraphy generally displays a sub vertical orientation. The central area is dominated by strongly weathered NW trending basalts with intercalated beds of felsic rocks and minor shales. At Helens Mid‐Fiona the stratigraphy comprises a sequence of intermediate mafic and felsic volcanic lithologies and locally derived epiclastic sediments, occasionally the sequence is intruded by narrow felsic porphyry dykes. Carbonaceous shales often mark the felsic mafic contact. The mineralisation truncates all lithologies without any obvious effects. At Helens Main the gold mineralisation is within a mafic basalt sequence that becomes foliated and highly altered within the ore zone. Quartz carbonate veining and stockworks associated with pyrite and gold mineralisation are dominate within the sheared ore zone. Gold distribution is highly variable resulting and closely spaced drilling being required to confidently delineate the mineralised ore shoots. Primary gold mineralisation is associated with increased shearing accompanying the lithological contacts between mafic and felsic rocks at Fiona‐ Helens Mid, or as at Helens Main, within a highly altered basalt sequence. Disseminated carbonate‐sericite‐quartz‐pyrite alteration zones are adjacent to and within the ore shoots. Generally at the Helens deposits, in the NE of the Cardinia region and immediately south of the Fiona deposit mineralisation trends either NNW or NS, with a sub vertical attitude, the mineralised shear zones are generally in mafics or close to the felsic volcanic/sediment contact where its associated with increased shearing, intense carbonate alteration and disseminated sulphides.
Drill hole Information	The location of all drill hole collars is presented as part of the significant intersection table in the body of this report. Significant down hole gold intersections are presented in the table of intersections. All hole depths refer to down hole depth in metres. All hole collars are MGA94 Zone51 GPS positioned. Elevation (R.L.) is nominally recorded as part of the collar pick up. Drill holes are measured in down hole metre intervals from the collar of the hole to the end of the hole.
Data Aggregation methods	No averaging of the raw assay data was applied. Raw data was used to determine the location and width of gold intersections and anomalous gold trends. Geological assessment and interpretation was used to determine the relevance of the plotted intersections with respect to the sampled medium. Individual grades are reported as down hole length weighted averages. Only RC intersections greater than or close to 0.5g/t are regarded as significant. Anomalous intersections are tabled in the body of this report. Reported mineralised zones have a cut‐off grade of 0.5g/t Au and no more than 2m of internal dilution as presented in the tables of significant intersections. No top cuts were applied to any assay values. There is no reporting of metal equivalent values.
Relationship Between Mineralisation widths and intercept lengths	The orientation, down hole widths and geometry of the mineralisation has been determined by interpretation of historic drilling and confirmed by Kin’s recent drill programs. The Drilling at Helens was on an Azimuth of 245° and an angle of ‐60°which is considered to be the optimum drill orientation to intersect the targeted mineralisation The drill hole orientation is not at an optimal angle to intersect the flat lying nature of the regions supergene mineralisation however the holes are orientated in the same direction as the historic Navigator drilling. Within the primary zones the mineralisation is steeply dipping. The reported intersections are reported as down hole widths and not true widths. Reported mineralised intercepts are within or close to the confines of the existing gold resource envelope at Cardinia. They have not yet been incorporated into the current parameters of the Helens Inferred resource calculation. The maximum and minimum sample width within the mineralised zones is 1m.
Diagrams	Relevant “type example” plans and long sections are included in this announcement.
Balanced Reporting	Detailed assay results are diagrammatically displayed and tabled in this report. Only the significant gold results are discussed and reported. The available historic database includes a large inherited data set compiled by previous project owners

Criteria	Commentary
	dating back to 1982. There are limitations in the amount of information provided in the data set. It has not been possible to fully verify the reliability and accuracy of some portions of the data however it appears that no serious problems have occurred and validation check results were within acceptable limits. In general the recent data is more reliable than historic data. The majority of the historic drilling at Helens was conducted by Navigator Resources. Considering the complex history of grid transformations there must be some residual risk in converting old local grids to GDA94 although generally the survey control appears to be accurate and satisfactory. In the case of the existing LGP resource calculation there is always an area of technical risk associated with resource tonnage and grade estimations.
Other Substantive exploration data	Regarding the results received no other substantive data is currently considered necessary. All meaningful and material information is or has been previously reported.
Further work	The potential to expand the gold mineralisation identified within the Helens area is viewed as probable, however committing to further exploration drilling does not guarantee that an upgrade in the resources would be achieved. Kin Mining intend to drill more holes at Helens and the nearby Fiona deposit. The overall objective of the drilling program is to increase the existing Cardinia resources and convert the Inferred portions of the resources to the Indicated category.