Patriot Battery Metals (TSX: PMET)(ASX: PMT) has boosted the Shaakichiuwaanaan project’s resource estimate in Quebec ahead of publishing a scheduled feasibility study by September.
The update shows a 30% increase in indicated tonnage at the Nova Zone (CV5) and a 306% rise at the Vega Zone (CV13) compared to the August 2024 estimate, Patriot said in a statement Monday after the close of trading. High-grade domains are now fully reclassified to indicated and still have potential for growth, the company said.
Shaakichiuwaanaan is now estimated to hold 108 million tonnes at 1.4% lithium oxide, which represents 3.8 million tonnes of lithium carbonate equivalent (LCE). It also has 33.3 million tonnes inferred at 1.3% lithium oxide, which is 1 million tonnes of LCE.
“We view the mineral resource estimate update positively, with significant growth at consistently high grade in the indicated category…
