Patriot (ASX:PMT) begin aspiring campaign in Quebec

Patriot (ASX:PMT) begin aspiring campaign in Quebec

January 17, 2024 Off By Rueben Hale

Patriot Battery Metals has started 2024 with a bang, launching an aspiring campaign with Quebec’s largest-ever drilling campaign at its Corvette lithium property in James Bay.

Patriot’s ambitious campaign will encompass at least 45,000 meters of drilling work using at least 10 drill rigs, which is expected to continue through Canada’s Winter months until late April.

Additionally, it has completed a winter road, approximately 20 km in length, to reduce dependency on helicopters for drilling work and significantly reduce the per metre cost.

The company has played a significant role in the mining industry’s rapid rise as the world shifts towards electric vehicles and away from combustion engines.

Its existence as a dual-listed Canadian and Australian company depends on a 50-kilometre stretch of ridgeline known as Corvette. This ridgeline is a prominent spine of rock encircled by shallow glacial lakes in the remote James Bay area of Northern Quebec in Canada.

Patriot President Blair Way says the 125-hole program is hoped to improve the geological model and upgrade the mineral resource estimate.

The campaign is the most aggressive yet, completing over 125 drill holes.

“We have another huge year ahead of us with this drill campaign to upgrade the resource and continue to de-risk the project,” Mr Way said.

“It is an exciting time for the company.”

Patriot aims to provide the market with an updated mineral resource estimate in the third quarter of 2024.

About Patriot Battery Metals

Patriot Battery Metals is a hard-rock lithium exploration company focused on advancing its district-scale 100% owned Corvette Property in the Eeyou Istchee James Bay region of Quebec, Canada, and proximal to regional road and powerline infrastructure.

PMT.AX
PATRIOTBAT CDI 10:1 [PMT]
ASX
down arrow$0.465
$0.015
3.12%

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified. 

MO and CI logo redraw Socials Profile reversed

MarketOpen is an online media business connecting companies and investors. Through its flagship MarketOpen.com.au media channel the Australian publisher’s experienced journalists cover breaking news and analysis on mining, oil and gas, technology and biotechnology companies listed on the Australian Securities Exchange and other markets. MarketOpen’s video and podcasting channels feature original interviews with Australia’s small-cap corporate leaders, while its Stock Soirée networking events, Watchlist webinars, and online events connect investors and brokers with CEOs and board members. The publisher also offers a suite of agency services to its corporate members, including media, video, podcasting and social media services, along with writing, editing, reviewing and content creation services.

Contact info

Suite 3, 47 Havelock Street
West Perth WA 6005
info@marketopen.com.au

Stewart Walters
Managing Director
stewart@marketopen.com.au
+61 414 644 166

Amanda Ellis
Editor-in-Chief
amanda@marketopen.com.au
+61 438 003 868

Important links

Follow us