Ann: Large Scale Lithium Project Acquisition - James Bay, Quebec, page-138

Meanwhile, just down the road.. . . . Need we stress that this is nearby and we have similar ground . .

Ken Brinsden-chaired Patriot Battery Metals (ASXMT) has declared a ‘world class’ resource at its CV5 pegmatite at the Corvette property in Canada’s James Bay lithium district, outlining what it says is the largest hard rock lithium resource in the Americas and the eighth largest worldwide.

The maiden inferred resource for the hotter than hot lithium explorer — a reputed takeover target for Brinsden’s old mob Pilbara Minerals (ASXLS) — is now in, coming in at 109.2Mt at 1.42% Li2O and 160ppm tantalum pentoxide at a 0.4% Li2O cutoff grade.

It places Patriot as the owner of the next largest spodumene resource behind Liontown Resources’ (ASX:LTR) Kathleen Valley, which boasts 156Mt at 1.4% Li2O and is being developed as an underground mine intended to produce 500,000tpa after first concentrate in mid-2024.

Based on 163 drill holes and more than 56,000m of core, the resource suggests the pegmatite is a single continuous body ranging in true thickness from 8m to more than 130m over a strike length of 3.7km, with a higher cut-off of 1.4% Li2O suggesting a high grade component exists of around 46Mt at 2.03% Li2O.

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