Mon, 31 Jul Last Change 11:53am Currently Trading at Mon, 31 Jul 11:55am Australian Indices S&P/ASX Sm. Ords. All Ordinaries S&P/ASX 100 ASX Gainers EOF ECOFIBRE LIMITED 26.0¢ KAI KAIROS MINERALS LIMITED 2.4¢ MRZ MONT ROYAL RESOURCES LIMITED 23.0¢ ASX Losers SPL STARPHARMA HOLDINGS LIMITED 21.8¢ SLR SILVER LAKE RESOURCES LIMITED 88.0¢ CBR CARBON REVOLUTION LIMITED 19.0¢ MCAP $659.1M At The Bell to receive exclusive market insights Patriot Battery Metals (PMT) announces the largest lithium pegmatite mineral resource in the Americas A maiden MRE for PMT’s CV5 pegmatite returned 109.2Mt at 1.42 per cent lithium oxide Principle spodumene pegmatite bodies range in thickness from eight metres to more than 130 metres over a strike length of around 3.7 kilometres Plans are underway to explore along strike with further drilling set for 2024 and establishing MREs at additional sites Shares are trading down 4.97 per cent, trading at $1.53 at 11:55 am AEST PMT by the numbers More From The Market Herald Lithium Plus Minerals (ASX:LPM) kicks off drilling at Kings Landing, NT Lithium Plus Minerals (ASX:LPM) has commenced drilling – with multiple rigs – at its Perseverance target… 2 mins 31 July 2023 11:24 (AEST) Dreadnought Resources (ASX:DRE) reports strong exploration progress at Mangaroon in Q4 During Q4 FY23, Dreadnought Resources (ASX:DRE) has reported strong exploration progress across its Mangaroon REE project… 2 mins 31 July 2023 11:11 (AEST) One Click Group (ASX:1CG) posts revenue of $545k in June quarter One Click Group (ASX:1CG) has posted revenue of $545,000 for the three-month period to June 30… 2 mins 31 July 2023 10:29 (AEST) TMH Market Open: ASX200 to gain ahead of RBA rate decision tomorrow The ASX 200 looks set to open 0.3 per cent higher after Wall Street ended last… 1 min 31 July 2023 09:30 (AEST)

Patriot Battery Metals (PMT) has announced the largest lithium pegmatite mineral resource in the Americas through a maiden MRE for its CV5 pegmatite in the James Bay region of Canada.

The company’s CV5 pegmatite is located within its Corvette Property, marking the eighth-largest lithium pegmatite resource globally.

The MRE stood at 109.2 million tonnes (Mt) at 1.42 per cent lithium oxide.

Principal spodumene pegmatite bodies ranged in thicknesses from eight metres to more than 130 metres over a strike length of around 3.7 kilometres.

The resource also outlined the potential for growth at the project, which remains open along strike and to depth for the majority of its length.

“We could not be happier with the result of this maiden mineral resource estimate at CV5, which will be the first of multiple resource estimates for the Corvette Property over the coming years,” PMT President and CEO Blair Way said.

“This is a key milestone for the company and will underpin future economic and development studies as we look to aggressively advance this asset on the path to production.”

The company aims to explore along the strike with further drilling set for 2024 and establish MREs at additional sites.

PMT was trading down 4.97 per cent, trading at $1.53 at 11:55 am AEST.

Source: https://themarketherald.com.au/patriot-battery-metals-asxpmt-announces-largest-lithium-pegmatite-resource-in-the-americas-2023-07-31/