Patronus Resources Limited has reported promising results from its Cardinia Gold Project in the Leonora region of Western Australia. The company completed four diamond drill holes totaling 1,283 meters at the Koi Exploration Target, an area within its high-grade Mertondale deposit. One drill hole, MT25DD001, intercepted 6 meters at 2.78 grams per tonne gold from a depth of 270 meters, reinforcing earlier outstanding results seen 75 meters to the north. These technical indicators add to a now-recorded 180-meter strike length of a shallow, north-plunging high-grade shoot that remains open along strike and down-dip. The new drilling data supports a significant exploration target at Koi, which is conceptualized to hold between 150,000 and 800,000 ounces of gold, within a tonnage range of 3.2 to 6.4 million tonnes at grades between 1.5 and 4.0 grams per tonne. These results also bolster the potential for resource growth below the current Mineral Resource Estimate at the Mertondale 3-4 deposit, which had previously delineated 241,000 contained ounces from 4.4 million tonnes processing a grade of 1.7 grams per tonne gold. With the recent MRE upgrade highlighting a higher grade resource, these drilling outcomes underscore the considerable upside of the project. Patronus Resources’ management confirmed that further drilling will commence in the September 2025 quarter. The planned follow-up diamond drilling will target the continuity of the mineralisation along the Koi Exploration Target, while assay results are awaited from recent reverse circulation drilling at the nearby Merlin prospect. Both steps are intended to refine the geological understanding and quantify the potential resource expansion in the highly prospective Mertondale region. From a bullish standpoint, the news is encouraging as the multiple high-grade intercepts and expanded strike length suggest significant upside potential. The ongoing drilling program and the conceptual exploration target could meaningfully enhance the project’s resource base, contributing to a more robust asset portfolio. Conversely, a bearish view would note that the exploration target remains conceptual without a formally defined Mineral Resource. Additionally, further drilling data is needed to confirm the continuity, true widths, and economic viability of the mineralisation, meaning risks still remain in the exploration process.