VANCOUVER, BC, Dec. 11, 2024 /PRNewswire/ – December 12, 2024 – Sydney, Australia
Highlights
Determine 1: Drill holes finished to year at CV13. (CNW Staff/Patriot Battery Metals Inc.)
Determine 2: Immense spodumene crystal(s) (0.9 m core space) grading 7.11% Li2O, the highest-grade drill core pattern accrued to year on the Attribute (drill gap CV24-773). (CNW Staff/Patriot Battery Metals Inc.)
Determine 3: Very vast spodumene crystals in high-grade pegmatite from Vega Zone in drill gap CV24-747. Core grades 12.6 m at 4.64% Li2O from 197.2 to 209.8 m, together with 4.3 m at 5.55% Li2O. (CNW Staff/Patriot Battery Metals Inc.)
Determine 4: Initial cross-section interpretation of the CV13 geological fashion on the Vega Zone. Effects reported herein for CV24-571, 579, 582, 747, 754, 757, and 761. (CNW Staff/Patriot Battery Metals Inc.)
Determine 5: Two extremely potential interpreted structural corridors between CV13 and the CV8 and CV12 spodumene pegmatites that stay to be drill examined. Airborne magnetic underlay. (CNW Staff/Patriot Battery Metals Inc.)
Determine 6: Extremely potential interpreted structural hall occuring together with the high-grade Vega Zone on the CV13 Spodumene Pegmatite. The hall, as defined with airborne magnetic knowledge, is interpreted to increase ~3.3 km to the CV12 Spodumene Pegmatite and rest to be drill examined.
Core pattern assays for drill holes reported on this announcement from the CV13 Spodumene Pegmatite are introduced in Desk 1 for all pegmatite intersections >2 m. Drill gap places and attributes are introduced in Desk 2. (CNW Staff/Patriot Battery Metals Inc.)
Desk 1: Core assay abstract for drill holes reported herein on the CV13 Spodumene Pegmatite. (CNW Staff/Patriot Battery Metals Inc.)
Desk 2: Attributes for drill holes reported herein on the CV13 Spodumene Pegmatite. (CNW Staff/Patriot Battery Metals Inc.)
Contemporary drilling considerably expands the high-grade Vega Zone at CV13:
31.2 mat 3.35% Li2O, together with 4.7 m at 5.37% Li2O (CV24-747).
31.8 mat 2.07% Li2O, together with 11.7 m at 3.47% Li2O (CV24-773).
Features a 0.9 m pattern at 7.11% Li2O, the highest-grade core pattern accrued from the Attribute to year.
35.7 m at 1.65% Li2O, together with 28.3 m at 2.05% Li2O (CV24-582).
33.0 mat 2.02% Li2O, together with 4.6 m at 4.19% Li2O (CV24-754).
29.2 m at 2.05% Li2O, together with 14.3 m at 3.09% Li2O (CV24-761).
Vega Zone rest available in more than one instructions.
The Vega Zone is occuring together with an interpreted structural hall extending for roughly 3.3 km alongside hit to the CV12 Spodumene Pegmatite – a extremely potential hall that rest to be drill examined.
This affiliation considerably complements the prospectivity between CV13 and CV12.
Mineralization remains to be characterised by means of very vast spodumene crystals.
Effects for all drill holes finished on the CV13 Spodumene Pegmatite throughout the 2024 wintry weather program are reported on this announcement – 33 holes totaling 9,950 m – with all holes finished out of doors the 2024 Mineral Useful resource Estimate or at its margin.
Darren L. Smith, Patriot Govt and Vice President of Exploration, feedback: “The summer-fall drilling at CV13 achieved its key objectives of significantly expanding the high-grade Vega Zone as well as identifying some potential primary controls on its emplacement. The interpreted coincident structure suggests it may be a primary control on mineralization and extends for approximately 3.3 km towards the CV12 Spodumene Pegmatite. This discovery has increased the prospectivity of this corridor considerably and will be a key area of focus in follow-up drilling in 2025.
“The mineralization on the Vega Zone continues to turn many similarities to that of the high-grade Nova Zone at CV5. The depth of the spodumene mineralization – with samples usually exceeding 2% Li2O and together with two core samples now over 7% Li2O – is not anything lower than impressive and obviously reinforces the world-class nature of the lithium pegmatites at Shaakichiuwaanaan,” Mr. Smith added.
Patriot Battery Metals Inc. (the “Corporate” or “Patriot”) (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce core assay results for all holes completed at the CV13 Spodumene Pegmatite, which forms part of the Company’s wholly owned Shaakichiuwaanaan Property (the “Attribute” or “Undertaking”), located in the Eeyou Istchee James Bay region of Quebec, during the 2024 summer-fall drill program.
The Property hosts a consolidated (CV5 & CV13) Mineral Resource Estimate[1] (“MRE”) of 80.1 Mt at 1.44% Li2O Indicated and 62.5 Mt at 1.31% Li2O Inferred, with the CV13 Pegmatite accounting for approximately 15% of the contained overall lithium content. The CV13 Spodumene Pegmatite is located within 3 km of the CV5 Spodumene Pegmatite, which is accessible year-round by all-season road and is situated approximately 14 km from a major hydroelectric powerline corridor.
The summer-fall drill program at the CV13 Spodumene Pegmatite targeted the high-grade Vega Zone, located along its eastern flank. The objectives were to expand this high-grade zone as well as to identify some primary controls on its emplacement. A total of 33 NQ size drill holes (9,950 m) were completed. Highlights are listed below and expanded upon in Figure 1:
31.2 mat 3.35% Li2O, together with 4.7 m at 5.37% Li2O (CV24-747).
31.8 mat 2.07% Li2O, together with 11.7 m at 3.47% Li2O (CV24-773).
35.7 m at 1.65% Li2O, together with 28.3 m at 2.05% Li2O (CV24-582).
33.0 mat 2.02% Li2O, together with 4.6 m at 4.19% Li2O (CV24-754).
29.2 m at 2.05% Li2O, together with 14.3 m at 3.09% Li2O (CV24-761).
This system additionally returned the highest-grade particular person core pattern accrued to year from all of the Shaakichiuwaanaan Attribute – 0.9 m at 7.11% Li2O in drill gap CV24-773 (Determine 2). That is the second one core pattern accrued on the Attribute (each at CV13) to exceed 7% Li2O. To place this additional into viewpoint, the focused grade of spodumene listen submit focus in a processing facility – the bottom case marketable product within the business – is 5.5% Li2O.
Moreover, the mineralization at Vega remains to be characterised by means of very vast spodumene crystals of decimetre to metre scale (Determine 2 and Determine 3). In keeping with the vast spodumene crystal sizes and prior beneficiation testwork at the CV13 Pegmatite, a hazy media split (“DMS”) best flowsheet is regarded as possible (see information reduce dated July 4, 2023).
All mineralised pegmatite intersections from the summer-fall drill program at CV13 are positioned out of doors of the MRE’s oppose fashion, or at its margins, and subsequentlyconstitute an important growth of the Vega Zone.
This growth of the Vega Zone highlights really extensive possible for persevered high-grade useful resource expansion at CV13 – the place the wave MRE of one.5 Mt at 1.62% Li2O Indicated and 19.1 Mt at 1.46% Li2O Inferred methods a part of the bigger Shaakichiuwaanaan MRE1 (see information reduce dated August 5, 2024).
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1 Shaakichiuwaanaan (CV5 & CV13) Mineral Useful resource Estimate (80.1 Mt at 1.44% Li2O and 163 ppm Ta2O5 Indicated, and 62.5 Mt at 1.31% Li2O and 147 ppm Ta2O5 ppm Inferred) is reported at a cut-off grade of 0.40% Li2O (open-pit), 0.60% Li2O (underground CV5), and nil.80% Li2O (underground CV13) with an Efficient Future of August 21, 2024 (thru drill gap CV24-526). Mineral Assets aren’t Mineral Reserves as they don’t have demonstrated financial viability.
The Vega Zone rest available in more than one instructions and covers an branch of a minimum of ~0.7 km x 0.4 km with a real thickness of <10 m to 30+ m, hosted inside of a much wider mineralized pegmatite frame. Geological modelling (Determine 4) signifies the Vega Zone to be quite flat-lying to shallow dipping and near-surface (founding at ~100 m vertical intensity from floor). The CV13 Spodumene Pegmatite, which hosts the Vega Zone, has now been traced over a hit space of ~2.5 km, down-dip over greater than 500 m and rest available in more than one instructions.
Along with the numerous growth of the Vega Zone, this system used to be a success in figuring out an interpreted occuring together construction, that could be a number one regulate at the high-grade mineralization (Determine 5 and Determine 6). This structural hall (referred to on this announcement because the “Vega Structural Corridor”) is supported from native and regional magnetic knowledge (expressed as a symmetrical constituent) in addition to structural observations in drill core and is interpreted to increase a minimum of 3.3 km north-west alongside geological pattern to the CV12 Spodumene Pegmatite.
Aside from the lately outlined extent of the Vega Zone and a unmarried shallow drill gap at CV12, this hall rest to be drill examined and is, subsequently, regarded as extremely potential. Additional, a moment structural hall this is interpreted to increase north-west for roughly 1.9 km from CV13 to the CV8 Spodumene Pegmatite additionally rest to be drill examined and is regarded as to be extremely potential.
Core pattern assays for drill holes reported on this announcement from the CV13 Spodumene Pegmatite are introduced in Desk 1 for all pegmatite intersections >2 m. Drill gap places and attributes are introduced in Desk 2.
Trait Contract / Trait Keep watch over (QAQC)
A Trait Contract / Trait Keep watch over protocol following business absolute best practices used to be included into this system and integrated systematic insertion of quartz blanks and licensed reference fabrics into pattern batches at a charge of roughly 5% every. Moreover, research of pulp-split pattern duplicates used to be finished to evaluate analytical precision, and exterior (secondary) laboratory pulp-split duplicates had been ready on the number one lab for next take a look at research and validation.
All core samples accrued had been shipped to SGS Canada’s laboratory in Val-d’Or, QC, or Radisson, QC, for pattern preparation (code PRP90 particular) which incorporates drying at 105°C, weigh down to 90% passing 2 mm, riffle cut up 250 g, and wreck 85% passing 75 microns. The pulps had been shipped by means of wind to SGS Canada’s laboratory in Burnaby, BC, the place the samples had been homogenized and therefore analyzed for multi-element (together with Li and Ta) the usage of sodium peroxide fusion with ICP-AES/MS end (codes GE_ICP91A50 and GE_IMS91A50).
Certified/Competent Individual
The ideas on this information reduce that pertains to exploration effects for the Shaakichiuwaanaan Attribute is in line with, and somewhat represents, data compiled by means of Mr. Darren L. Smith, M.Sc., P.Geo., who’s a Certified Individual as outlined by means of Nationwide Device 43-101 – Requirements of Disclosure for Mineral Initiatives, and member in excellent status with the Ordre des Géologues du Québec (Geologist Allow quantity 01968), and with the Affiliation of Skilled Engineers and Geoscientists of Alberta (member quantity 87868). Mr. Smith has reviewed and licensed the technical data on this information reduce.
Mr. Smith is an Govt and Vice President of Exploration for Patriot Battery Metals Inc. and holds regular stocks and choices within the Corporate.
Mr. Smith has ample enjoy, which is related to the manner of mineralization, form of reserve into account, and to the actions being undertaken to qualify as a Competent Individual as described by means of the Australasian Code for Reporting of Exploration Effects, Mineral Assets and Ore Reserves (the JORC Code). Mr. Smith concurs to the inclusion on this information reduce of the issues in line with his data within the method and context during which it seems that.
About Patriot Battery Metals Inc.
Patriot Battery Metals Inc. is a hard-rock lithium exploration corporate fascinated by advancing its district-scale 100%-owned Shaakichiuwaanaan Attribute (previously referred to as Corvette) positioned within the Eeyou Istchee James Bay patch of Quebec, Canada, which is out there year-round by means of all-season highway and is proximal to regional powerline infrastructure. The Shaakichiuwaanaan Mineral Useful resource[2], which incorporates the CV5 & CV13 spodumene pegmatites, totals 80.1 Mt at 1.44% Li2O Indicated, and 62.5 Mt at 1.31% Li2O Inferred, and ranks as the most important lithium pegmatite useful resource within the Americas, and the 8th greatest lithium pegmatite useful resource on the earth.
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2 Shaakichiuwaanaan (CV5 & CV13) Mineral Useful resource Estimate (80.1 Mt at 1.44% Li2O and 163 ppm Ta2O5 Indicated, and 62.5 Mt at 1.31% Li2O and 147 ppm Ta2O5 ppm Inferred) is reported at a cut-off grade of 0.40% Li2O (open-pit), 0.60% Li2O (underground CV5), and nil.80% Li2O (underground CV13) with an Efficient Future of August 21, 2024 (thru drill gap CV24-526). Mineral Assets aren’t Mineral Reserves as they don’t have demonstrated financial viability.
A Initial Financial Evaluate (“PEA”) used to be introduced for the CV5 Pegmatite August 21, 2024, and highlights it as a possible North American Lithium Uncooked Fabrics Powerhouse. The PEA outlines the possibility of a aggressive and globally vital high-grade lithium mission focused on as much as ~800 ktpa spodumene listen the usage of a easy Non-transperant Media Split-up (“DMS) best procedure flowsheet.
For additional data, please touch us at [email protected] or by means of calling +1 (604) 279-8709, or consult with www.patriotbatterymetals.com. Please additionally the following the Corporate’s steady disclosure filings, to be had underneath its profile at www.sedarplus.ca and www.asx.com.au, for to be had exploration knowledge.
This information reduce has been licensed by means of the Board of Administrators.
“KEN BRINSDEN”
Kenneth Brinsden, President, CEO, & Managing Director
Disclaimer for Ahead-looking Knowledge
This information reduce accommodates “forward-looking information” or “forward-looking statements” throughout the which means of appropriate securities regulations and alternative statements that aren’t historic information. Ahead-looking statements are integrated to serve details about control’s wave expectancies and plans that permits buyers and others to have a greater working out of the Corporate’s industry plans and monetary efficiency and situation.
All statements, alternative than statements of historic truth integrated on this information reduce, in regards to the Corporate’s technique, moment operations, technical checks, potentialities, plans and goals of control are forward-looking statements that contain dangers and uncertainties. Ahead-looking statements are generally recognized by means of phrases corresponding to “plan”, “expect”, “estimate”, “intend”, “anticipate”, “believe”, or permutations of such phrases and words or statements that positive movements, occasions or effects “may”, “could”, “would”, “might” or “will” be taken, happen or be accomplished. Ahead-looking statements on this reduce come with, however aren’t restricted to, statements at the Feasibility Learn about, together with the timing of its reduce and the content material thereof, prospectivity for, and possible lifestyles of, structural geological corridors occuring together with the high-grade Vega Zone (CV 13) on the CV 8 and CV 12 pegmatites and the belief of the ~800ktpa spodumene listen manufacturing goal.
Ahead-looking data is primarily based upon positive guesses and alternative impressive components that, if unfaithful, may motive the unedited effects, efficiency or achievements of the Corporate to be materially other from moment effects, efficiency or achievements expressed or implied by means of such data or statements. There may also be refuse word of honour that such data or statements will end up to be correct. Key guesses upon which the Corporate’s forward-looking data is primarily based come with, with out limitation, that proposed exploration and mineral useful resource estimate paintings at the Attribute will proceed as anticipated, the accuracy of book and useful resource estimates, the classification of sources between inferred and the guesses on which the book and useful resource estimates are primarily based, long-term call for for spodumene provide, and that exploration and building effects proceed to aid control’s wave plans for Attribute building and expectancies for the Undertaking.
Readers are cautioned that the foregoing record isn’t exhaustive of all components and guesses which could have been worn. Ahead-looking statements also are topic to dangers and uncertainties dealing with the Corporate’s industry, any of which will have a subject matter opposed impact at the Corporate’s industry, economic situation, result of operations and expansion potentialities. One of the most dangers the Corporate faces and the uncertainties that would motive unedited effects to range materially from the ones expressed within the forward-looking statements come with, amongst others, the facility to blast on plans on the subject of the Corporate’s Undertaking, together with the timing thereof. As well as, readers are directed to scrupulously overview the graphic chance dialogue within the Corporate’s most up-to-date Annual Knowledge Mode filed on SEDAR+, which dialogue is included by means of reference on this information reduce, for a fuller working out of the hazards and uncertainties that have an effect on the Corporate’s industry and operations.
Even supposing the Corporate believes its expectancies are primarily based upon affordable guesses and has tried to spot impressive components that would motive unedited movements, occasions or effects to range materially from the ones described in forward-looking statements, there could also be alternative components that motive movements, occasions or effects to not be as expected, estimated or meant. There may also be refuse word of honour that forward-looking data will end up to be correct, as unedited effects and moment occasions may range materially from the ones expected in such data. As such, those dangers aren’t exhaustive; then again, they must be regarded as in moderation. If any of those dangers or uncertainties materialize, unedited effects might range materially from the ones expected within the forward-looking statements discovered herein. Because of the hazards, uncertainties and guesses inherent in forward-looking statements, readers must no longer park undue reliance on forward-looking statements.
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The mineral useful resource estimate on this reduce used to be reported by means of the Corporate based on ASX Checklist Rule 5.8 on August 5, 2024. The Corporate confirms that, as of the year of this announcement, it isn’t acutely aware of any fresh data or knowledge verified by means of the competent individual that materially impacts the guidelines integrated within the announcement and that every one subject matter guesses and technical parameters substructure the estimates within the announcement proceed to use and feature no longer materially modified. The Corporate confirms that, as on the year of this announcement, the method and context during which the competent consumer’s findings are introduced have no longer been materially changed from the latest marketplace announcement.
The manufacturing goal referred to on this reduce used to be reported by means of the Corporate based on ASX Checklist Rule 5.16 on August 21, 2024. The Corporate confirms that, as of the year of this announcement, all subject matter guesses and technical parameters substructure the manufacturing goal within the latest announcement proceed to use and feature no longer materially modified.
Nature and component of sampling (eg truncate channels, random chips, or explicit specialised business usual dimension equipment suitable to the minerals underneath investigation, corresponding to i’m sick gap gamma sondes, or hand-held XRF tools, and so forth). Those examples must no longer be taken as proscribing the extensive which means of sampling.
Come with connection with measures taken to safeguard pattern representivity and the proper calibration of any dimension equipment or techniques worn.
Sides of the choice of mineralization which can be Subject material to the Family File.
In circumstances the place ‘business usual’ paintings has been carried out this might be quite easy (eg ‘opposite circulate drilling used to be worn to procure 1 m samples from which 3 kg used to be pulverized to put together a 30 g price for hearth assay’). In alternative circumstances extra rationalization could also be required, corresponding to the place there may be coarse gold that has inherent sampling issues. Odd commodities or mineralization varieties (eg submarine nodules) might warrant disclosure of graphic data.
Core sampling protocols meet business usual practices.
Core sampling is guided by means of lithology as aspiring throughout geological logging (i.e., by means of a geologist). All pegmatite durations are sampled of their entirety (half-core), regardless if spodumene mineralization is famous or no longer (to deliver to safeguard an impartial sampling method) along with ~1 to a few m of sampling into the adjoining host rock (depending on pegmatite break space) to “bookend” the sampled pegmatite.
The minimal particular person pattern space is generally 0.5 m and the utmost pattern space is generally 2.0 m. Centered particular person pegmatite pattern lengths are 1.0 to at least one.5 m.
All drill core is orientated to most foliation previous to logging and sampling and is truncate with a core noticed into half-core items, with one half-core accrued for assay, and the alternative half-core excess within the field for reference.
Core samples accrued from drill holes had been shipped to SGS Canada’s laboratory in Val-d’Or, QC, or Radisson, QC, for pattern preparation (code PRP90 particular) which integrated drying at 105°C, weigh down to 90% passing 2 mm, riffle cut up 250 g, and wreck 85% passing 75 microns. Core pattern pulps had been shipped by means of wind to SGS Canada’s laboratory in Burnaby, BC, the place the samples had been homogenized and therefore analyzed for multi-element (together with Li and Ta) the usage of sodium peroxide fusion with ICP-AES/MS end (codes GE_ICP91A50 and GE_IMS91A50).
Drilling ways
Drill kind (eg core, opposite circulate, open-hole hammer, rotary wind explode, auger, Bangka, sonic, and so forth) and main points (eg core diameter, triple or usual tube, intensity of diamond tails, face-sampling bit or alternative kind, whether or not core is orientated and if that is so, by means of what form, and so forth).
All holes are NQ measurement core diamond drilling. Core used to be no longer orientated.
Drill pattern medication
Form of recording and assessing core and chip pattern medications and effects assessed.
Measures taken to maximise pattern medication and safeguard consultant nature of the samples.
Whether or not a dating exists between pattern medication and grade and whether or not pattern favor could have came about because of preferential loss/acquire of good/coarse subject matter.
All drill core used to be geotechnically logged following business usual practices, and come with TCR, RQD, ISRM, and Q-Form. Core medication is excellent and generally exceeds 90%.
Logging
Whether or not core and chip samples were geologically and geotechnically logged to a degree of component to aid suitable Mineral Useful resource estimation, mining research and metallurgical research.
Whether or not logging is qualitative or quantitative in nature. Core (or costean, channel, and so forth) pictures.
The overall space and share of the related intersections logged.
Upon receipt on the core shack, all drill core is pieced in combination, orientated to most foliation, metre marked, geotechnically logged (together with construction), alteration logged, geologically logged, and pattern logged on a person pattern foundation. Core field footage also are accrued of all core drilled, without reference to perceived mineralization. Particular gravity measurements of pegmatite also are accrued at systematic durations for all pegmatite drill core the usage of the aqua immersion form, in addition to make a choice host rock drill core.
The logging is qualitative by means of nature, and comprises estimates of spodumene grain measurement, inclusions, and fashion mineral estimates.
Those logging practices meet or exceed wave business usual practices.
Sub-sampling ways and pattern preparation
If core, whether or not truncate or sawn and whether or not quarter, 1/2 or all core taken.
If non-core, whether or not riffled, tube sampled, rotary cut up, and so forth and whether or not sampled rainy or sun-baked.
For all pattern varieties, the character, component and appropriateness of the pattern preparation method.
Trait regulate procedures followed for all sub-sampling phases to maximise representivity of samples.
Measures taken to safeguard that the sampling is consultant of the in situ subject matter accrued, together with as an example effects for garden reproduction/second-half sampling.
Whether or not pattern sizes are suitable to the grain measurement of the fabric being sampled.
Drill core sampling follows business absolute best practices. Drill core used to be saw-cut with half-core despatched for geochemical research and half-core excess within the field for reference. The similar aspect of the core used to be sampled to guard representativeness.
Pattern sizes are suitable for the fabric being assayed.
A Trait Contract / Trait Keep watch over (QAQC) protocol following business absolute best practices used to be included into this system and integrated systematic insertion of quartz blanks and licensed reference fabrics (CRMs) into pattern batches at a charge of roughly 5% every. Moreover, research of pulp-split duplicates used to be finished to evaluate analytical precision, and exterior (secondary) laboratory pulp-split duplicates had been ready on the number one lab for next take a look at research and validation at a secondary lab.
All protocols hired are regarded as suitable for the pattern kind and nature of mineralization and are regarded as the optimum method for keeping up representativeness in sampling.
Trait of assay knowledge and laboratory checks
The character, component and appropriateness of the assaying and laboratory procedures worn and whether or not the method is regarded as favor or overall.
For geophysical equipment, spectrometers, hand-held XRF tools, and so forth, the parameters worn in figuring out the research together with device manufacture and fashion, studying occasions, calibrations components carried out and their derivation, and so forth.
Nature of component regulate procedures followed (eg requirements, blanks, duplicates, exterior laboratory assessments) and whether or not applicable ranges of accuracy (ie dearth of favor) and precision were established.
Core samples accrued from drill holes had been shipped both to SGS Canada’s laboratory in Val-d’Or, QC, or Radisson, QC for usual pattern preparation (code PRP90 particular) which integrated drying at 105°C, weigh down to 90% passing 2 mm, riffle cut up 250 g, and wreck 85% passing 75 microns. Core pattern pulps had been shipped by means of wind to SGS Canada’s laboratory in Burnaby, BC, the place the samples had been homogenized and therefore analyzed for multi-element (together with Li and Ta) the usage of sodium peroxide fusion with ICP-AES/MS end (codes GE_ICP91A50 and GE_IMS91A50).
The Corporate is dependent upon each its interior QAQC protocols (systematic utility of blanks, qualified reference fabrics, and exterior assessments), in addition to the laboratory’s interior QAQC.
All protocols hired are regarded as suitable for the pattern kind and nature of mineralization and are regarded as the optimum method for keeping up representativeness in sampling.
Verification of sampling and assaying
The verification of vital intersections by means of both separate or spare corporate staff.
The utility of twinned holes.
Documentation of number one knowledge, knowledge access procedures, knowledge verification, knowledge storehouse (bodily and digital) protocols.
Talk about any adjustment to assay knowledge.
Periods are reviewed and compiled by means of the VP Exploration and Undertaking Managers previous to disclosure, together with a overview of the Corporate’s interior QAQC pattern analytical knowledge.
Knowledge seize makes use of MX Vault tool wherein core logging knowledge is entered at once into the tool for storehouse, together with direct import of laboratory analytical certificate as they’re gained. The Corporate employs diverse on-site and submit QAQC protocols to safeguard knowledge integrity and accuracy.
Changes to knowledge come with reporting lithium and tantalum of their oxide methods, as it’s reported in elemental method within the assay certificate. Formulation worn are Li2O = Li x 2.153, and Ta2O5 = Ta x 1.221.
Location of knowledge issues
Accuracy and component of surveys worn to find drill holes (collar and down-hole surveys), trenches, mine workings and alternative places worn in Mineral Useful resource estimation.
Specification of the grid device worn.
Trait and adequacy of topographic regulate.
Every drill gap’s collar has been surveyed with a RTK Trimble Zephyr 3.
The coordinate device worn is UTM NAD83 Zone 18.
The Corporate finished a property-wide LiDAR and orthophoto survey in August 2022, which supplies fine quality topographic regulate.
The component and accuracy of the topographic controls are regarded as sufficient for complicated degree exploration and building, together with mineral useful resource estimation.
Knowledge spacing and distribution
Knowledge spacing for reporting of Exploration Effects.
Whether or not the information spacing and distribution is ample to ascertain the stage of geological and grade endurance suitable for the Mineral Useful resource and Ore Stock estimation process(s) and classifications carried out.
Whether or not pattern compositing has been carried out.
At CV5, drill gap collar spacing is dominantly grid primarily based. A number of collars are generally finished from the similar home at numerous orientations focused on pegmatite pierce issues of ~50 (Indicated) to 100 m (Inferred) spacing.
At CV13, drill gap spacing is a mixture of grid primarily based and fan primarily based from the similar home, targetting ~100 m pegmatite pierce issues; subsequently, collar places and gap orientations might range broadly, which replicate the various orientation of the pegmatite frame alongside hit.
At CV9, drill gap collar spacing is abnormal with numerous gap orientations and more than one collars at the identical home.
It’s interpreted that the vast majority of the drill gap spacing at every pegmatite is ample to aid a mineral useful resource estimate.
Core pattern lengths generally dimension from 0.5 to two.0 m and moderate ~1.0 to at least one.5 m. Sampling is constant inside of all pegmatite encountered within the drill gap.
Orientation of knowledge relating to geological construction
Whether or not the orientation of sampling achieves impartial sampling of conceivable buildings and the level to which that is recognized, bearing in mind the reserve kind.
If the connection between the drilling orientation and the orientation of key mineralized buildings is regarded as to have presented a sampling favor, this must be assessed and reported if subject matter.
Refuse sampling favor is predicted in line with construction throughout the mineralized frame.
The major mineralized our bodies are quite undeformed and really competent, despite the fact that have some significant structural regulate.
At CV5, the major mineralized frame and adjoining lenses are steeply dipping to effect indirect angles of intersection with true widths various in line with drill gap attitude and orientation of pegmatite at that specific intersection level. i.e., the dip of the mineralized pegmatite frame has permutations in a vertical sense and alongside hit, so the real widths aren’t all the time obvious till a number of holes were drilled (on the suitable spacing) in any explicit drill-fence.
At CV13, the major pegmatite frame has a shallow numerous hit and northern dip.
At CV9, the orientation and geometry of the pegmatite isn’t neatly understood. The pegmatite is lately interpreted to be made from a unmarried major dyke, which outcrops at floor, has a steep northerly dip, and is somewhat plunging to the east-southeast.
Pattern safety
The measures taken to safeguard pattern safety.
Samples had been accrued by means of Corporate body of workers or its experts following explicit protocols governing pattern assortment and dealing with. Core samples had been bagged, positioned in vast supersacs for additonal safety, palleted, and shipped at once to Val-d’Or, QC, or Radisson, QC, being tracked throughout cargo in conjunction with Chain of Custody. Upon arrival on the laboratory, the samples had been cross-referenced with the delivery manifest to substantiate all samples had been accounted for. On the laboratory, pattern luggage are evaluated for tampering.
Audits or critiques
The result of any audits or critiques of sampling ways and information.
A overview of the pattern procedures during the Corporate’s 2024 wintry weather drill program (thru CV24-526) used to be finished by means of an separate Competent Individual with recognize to the Shaakichiuwaanaan’s Mineral Useful resource Estimate (CV5 & CV13 pegmatites) and deemed sufficient and applicable to business absolute best practices (mentioned in a technical document titled “NI 43–101 Technical Report, Preliminary Economic Assessment for the Shaakichiuwaanaan Project, James Bay Region, Quebec, Canada” by means of Todd McCracken, P.Geo., Hugo Latulippe, P.Eng., Shane Ghouralal, P.Eng., MBA, and Luciano Piciacchia, P.Eng., Ph.D., of BBA Engineering Ltd., Ryan Cunningham, M.Eng., P.Eng., of Primero Staff Americas Inc., and Nathalie Fortin, P.Eng., M.Env., of WSP Canada Inc., Efficient Future of August 21, 2024, and Factor Future of September 12, 2024.
Moreover, the Corporate regularly critiques and evaluates its procedures to deliver to optimize and safeguard compliance in any respect ranges of pattern knowledge assortment and dealing with.
Division 2 – Reporting of Exploration Effects
Standards
JORC Code rationalization
Statement
Mineral tenement and land tenure situation
Sort, reference title/quantity, location and possession together with commitments or subject matter problems with 3rd events corresponding to joint ventures, partnerships, overriding royalties, local name pursuits, historic websites, desert or nationwide ground and environmental settings.
The safety of the tenure held on the past of reporting in conjunction with any recognized impediments to acquiring a licence to perform within the branch.
The Shaakichiuwaanaan Attribute (previously referred to as “Corvette”) is made from 463 CDC claims positioned within the James Bay Patch of Quebec, with Lithium Innova Inc. (totally owned subsidiary of Patriot Battery Metals Inc.) being the registered name holder for the entire claims. The northern border of the Attribute’s number one declare oppose is positioned inside of roughly 6 km to the south of the Trans-Taiga Street and powerline infrastructure hall.
The CV5 Spodumene Pegmatite is out there year-round by means of all-season highway is positioned roughly 13.5 km south of the regional and all–climate Trans-Taiga Street and powerline infrastructure. The CV13 and CV9 spodumene pegmatites are positioned roughly 3 km west-southwest and 14 km west of CV5, respectively.
The Corporate holds 100% hobby within the Attribute topic to diverse royalty responsibilities relying on latest acquisition commitments. DG Assets Control holds a 2% NSR (refuse buyback) on 76 claims, D.B.A. Canadian Mining Space holds a 2% NSR on 50 claims (1/2 buyback for $2M), Osisko Gold Royalties holds a sliding scale NSR of one.5-3.5% on treasured metals, and a pair of% on all alternative merchandise, over 111 claims, and Azimut Exploration holds 2% on NSR on 39 claims.
The Attribute does no longer overlap any atypically delicate environmental gardens or grounds, or historic websites to the data of the Corporate. There aren’t any recognized hinderances to working on the Attribute, except for the goose harvesting season (generally mid-April to mid-Would possibly) the place the communities request helicopter gliding no longer be finished, and probably wildfires relying at the season, scale, and site.
Declare expiry dates dimension from February 2025 to November 2026.
Exploration carried out by means of alternative events
Acknowledgment and appraisal of exploration by means of alternative events.
Refuse core assay effects from alternative events are disclosed herein.
The latest separate Attribute overview used to be a technical document titled “NI 43–101 Technical Report, Preliminary Economic Assessment for the Shaakichiuwaanaan Project, James Bay Region, Quebec, Canada” by means of Todd McCracken, P.Geo., Hugo Latulippe, P.Eng., Shane Ghouralal, P.Eng., MBA, and Luciano Piciacchia, P.Eng., Ph.D., of BBA Engineering Ltd., Ryan Cunningham, M.Eng., P.Eng., of Primero Staff Americas Inc., and Nathalie Fortin, P.Eng., M.Env., of WSP Canada Inc., Efficient Future of August 21, 2024, and Factor Future of September 12, 2024.
Geology
Vault kind, geological atmosphere and elegance of mineralization.
The Attribute overlies a vast portion of the Lac Guyer Greenstone Belt, regarded as a part of the bigger L. a. Grande River Greenstone Belt and is ruled by means of volcanic rocks metamorphosed to amphibolite facies. The declare oppose is dominantly host to rocks of the Guyer Staff (amphibolite, iron formation, intermediate to mafic volcanics, peridotite, pyroxenite, komatiite, in addition to felsic volcanics). The amphibolite rocks that pattern east-west (usually steeply south dipping) thru this patch are bordered to the north by means of the Magin Formation (conglomerate and wacke) and to the south by means of an assemblage of tonalite, granodiorite, and diorite, along with metasediments of the Marbot Staff (conglomerate, wacke). A number of regional-scale Proterozoic gabbroic dykes additionally truncate thru parts of the Attribute (Lac Spirt Dykes, Senneterre Dykes).
The geological atmosphere is potential for gold, silver, bottom metals, platinum crew parts, and lithium over a number of other reserve kinds together with orogenic gold (Au), volcanogenic large sulfide (Cu, Au, Ag), komatiite-ultramafic (Au, Ag, PGE, Ni, Cu, Co), and pegmatite (Li, Ta).
Exploration of the Attribute has defined 3 number one mineral exploration traits crossing dominantly east-west over vast parts of the Attribute – Yellowish Development (gold), Maven Development (copper, gold, silver), and CV Development (lithium, tantalum). The CV5 and CV13 spodumene pegmatites are positioned throughout the CV Development. Lithium mineralization on the Attribute, together with at CV5, CV13, and CV9, is seen to happen inside of quartz-feldspar pegmatite, that could be uncovered at floor as elevated diversion ‘whale-back’ landforms. The pegmatite is frequently very coarse-grained and off-white in look, with darker categories usually composed of mica and smoky quartz, and coffee tourmaline.
The lithium pegmatites at Shaakichiuwaanaan are labeled as LCT Pegmatites. Core assays and ongoing mineralogical research, coupled with garden mineral id and assays, point out spodumene because the dominant lithium-bearing mineral at the Attribute, and not using a vital petalite, lepidolite, lithium-phosphate minerals, or apatite provide. The spodumene crystal measurement of the pegmatites is generally decimetre scale, and subsequently, very vast. The pegmatites additionally raise vital tantalum values with tantalite indicated to be the mineral section.
Drill gap Knowledge
A abstract of all data subject matter to the working out of the exploration effects together with a tabulation of refer to data for all Subject material drill holes:
easting and northing of the drill gap collar
elevation or RL (Lowered Stage – elevation above sea stage in metres) of the drill gap collar
dip and azimuth of the opening
i’m sick gap space and interception intensity
gap space.
If the exclusion of this data is i’m right at the foundation that the guidelines isn’t Subject material and this exclusion does no longer detract from the working out of the document, the Competent Individual must obviously give an explanation for why that is the case.
Drill gap component data is integrated in a desk herein.
Pegmatite intersections of <2 m aren’t generally introduced as they’re regarded as insignificant.
Knowledge aggregation forms
In reporting Exploration Effects, weighting averaging ways, most and/or minimal grade truncations (eg chopping of elevated grades) and cut-off grades are in most cases Subject material and must be said.
The place combination intercepts incorporate decrease lengths of elevated grade effects and longer lengths of low grade effects, the process worn for such aggregation must be said and a few conventional examples of such aggregations must be proven in component.
The guesses worn for any reporting of steel similar values must be obviously said.
Range weighted averages had been worn to calculate grade over width.
Refuse explicit grade cap or cut-off used to be worn throughout grade width calculations. The lithium and tantalum space weighted moderate grade of all of the pegmatite break is calculated for all pegmatite durations over 2 m core space, in addition to upper grade zones on the discretion of the geologist. Pegmatites have inconsistent mineralization by means of nature, to effect some durations having a little selection of poorly mineralized samples integrated within the calculation. Non-pegmatite interior dilution is restricted to generally <3 m the place related and durations indicated when assays are reported.
Refuse steel equivalents were reported.
Dating between mineralization widths and intercept lengths
Those relationships are specifically impressive within the reporting of Exploration Effects.
If the geometry of the mineralization with recognize to the drill gap attitude is understood, its nature must be reported.
If it isn’t recognized and best the i’m sick gap lengths are reported, there must be a sunny observation to this impact (eg ‘i’m sick gap space, true width no longer recognized’).
At CV5, geological modelling is ongoing on a hole-by-hole foundation and as assays are gained. Alternatively, wave interpretation helps a major, vast pegmatite frame of close to vertical to steeply dipping orientation, flanked by means of a number of subordinate pegmatite lenses (jointly, the ‘CV5 Spodumene Pegmatite’)
At CV13, geological modelling is ongoing on a hole-by-hole foundation and as assays are gained. Alternatively, wave interpretation helps a sequence of sub-parallel trending sills with a flat-lying to shallow northerly dip (jointly, the ‘CV13 Spodumene Pegmatite’)
At CV9, geological modelling is ongoing on a hole-by-hole foundation and as assays are gained. Alternatively, wave interpretation signifies CV9 is made from a unmarried major dyke, which outcrops at floor, has a steep northerly dip, and is somewhat plunging to the east-southeast. A hit space of 450 m has been delineated thru drilling and outcrop.
All reported widths are core space. True widths aren’t calculated for every gap because of the quite broad drill spacing at numerous orientations at this degree of delineation and the everyday abnormal nature of pegmatite, in addition to the various drill gap orientations. As such, true widths might range broadly from gap to gap.
Diagrams
Suitable maps and categories (with scales) and tabulations of intercepts must be integrated for any vital discovery being reported Those must come with, however no longer be restricted to a plan view of drill gap collar places and suitable sectional perspectives.
Please the following the figures integrated herein in addition to the ones posted at the Corporate’s site.
Balanced reporting
The place complete reporting of all Exploration Effects isn’t practicable, consultant reporting of each high and low grades and/or widths must be practiced to steer clear of deceptive reporting of Exploration Effects.
Please the following the desk(s) integrated herein in addition to the ones posted at the Corporate’s site.
Effects for pegmatite durations <2 m aren’t reported.
Alternative substantive exploration knowledge
Alternative exploration knowledge, if significant and subject matter, must be reported together with (however no longer restricted to): geological observations; geophysical survey effects; geochemical survey effects; bulk samples – measurement and form of remedy; metallurgical check effects; bulk density, groundwater, geotechnical and rock traits; possible deleterious or contaminating elements.
The Corporate is lately finishing website environmental paintings over the CV5 and CV13 pegmatite branch.
The Corporate has finished a bathymetric survey over the shallow chilly pool which overlies a portion of the CV5 Spodumene Pegmatite. The pool intensity levels from <2 m to roughly 18 m, despite the fact that nearly all of the CV5 Spodumene Pegmatite, as delineated to year, is overlain by means of generally <2 to ten m of aqua.
The Corporate has finished vital metallurgical checking out made from HLS and magnetic checking out, which has produced 6+% Li2O spodumene concentrates at >70% medication on each CV5 and CV13 pegmatite subject matter, indicating DMS as a viable number one procedure method, and that each CV5 and CV13 may probably feed the similar procedure plant. A DMS check on CV5 Spodumene Pegmatite subject matter returned a spodumene listen grading 5.8% Li2O at 79% medication, strongly indicating possible for a DMS best operation to be appropriate. Moreover, a extra expansive DMS pilot program has been finished, together with with non-pegmatite dilution, and has produced leads to form with prior testwork.
Numerous mandates required for advancing the Undertaking in opposition to Feasibility were initiated, together with however no longer restricted to, environmental baseline, metallurgy, geomechanics, hydrogeology, hydrology, stakeholder engagement, geochemical characterization, in addition to mining, transportation, and logistical research.
Additional paintings
The character and scale of deliberate additional paintings (eg checks for lateral extensions or intensity extensions or large-scale step-out drilling).
Diagrams obviously highlighting the gardens of conceivable extensions, together with the primary geological interpretations and moment drilling gardens, supplied this data isn’t commercially delicate.
The Corporate intends to proceed drilling the pegmatites of the Shaakichiuwaanaan Attribute, centered at the CV5 Pegmatite and adjoining subordinate lenses, in addition to the CV13 Pegmatite. A follow-up drill program on the CV9 Spodumene Pegmatite could also be expected.
SOURCE Patriot Battery Metals Inc.
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