Ann: Phase II HLS Testwork Results on CV5 Pegmatite Material, page-24

More articles about PMT ...great coverage.

Stock of the Week: PMT keeps buildingDual listed lithium explorer Patriot Battery Metals Ltd (TSX-V: PMET; ASX: PMT) (figure 5), chaired by former Pilbara Mines Ltd (ASX: PLS) managing director Ken Brindsen, has been on a tear over the last year with excitement brewing over their 100% owned 214sqkm tenement package near James Bay in Quebec (figure 5).According to PMT, the tenements contains over 50km of prospective rocks containing over 70 pegmatite outcrops and 20km of strike potential remains to be investigated.A 24,000-metre diamond drilling program delivered some excellent results last year with figure 6 suggesting that there is every possibility of extending the mineralised zone by a further two kilometres or so this field season. It is not hard to see a JORC Resource of +25Mt in the top 100m over the CV1 and CV5 pegmatites assuming average true widths of +50m at high grades (+1.5%). So this may be a little conservative.The February 2023 outlines some eye-watering intersections including CF21-001 148.7 m @ 0.92% Li2O in the southwestern part of the mineralised trend and CV22-042with 159.7 m @ 1.65% Li2O at the northeastern end.Preliminary metallurgical testwork that a 5.5+% Li2O spodumene concentrate at high recovery (>75%) is expected using a simple process flowsheet including Dense Media Separation (DMS) and magnetic separation.The three letters PMT are generally not linked to any pleasurable experiences (based on the experiences of 50% of the population at last count), however the share price is certainly showing signs of Patriot Battery Tension as far as I can see.

The rumour is that one of the “old school” blokes (around my vintage) at ASX approved that ticker code while compliance was out at lunch.

We are in a hot market for lithium and the market capitalisation around $1.5 billion reflects this but with Congo developer AVZ Minerals (ASX: AVL) kicked into touch and Pilbara Mines (ASX: PLS) in a Low Earth Orbit,

PMT looks like an unstoppable train with the potential to deliver a world class high-grade lithium deposit.PMT, for the * faithful, also stands for Pre-Mining Technical (study) in case you were wondering where I was going with this…


At RM Corporate Finance, Guy Le Page is involved in a range of corporate initiatives from mergers and acquisitions, initial public offerings to valuations, consulting, and corporate advisory roles.He was head of research at Morgan Stockbroking Limited (Perth) prior to joining Tolhurst Noall as a Corporate Advisor in July 1998. Prior to entering the stockbroking industry, he spent 10 years as an exploration and mining geologist in Australia, Canada, and the United States. The views, information, or opinions expressed in the interview in this article are solely those of the interviewee .

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