ASX:PMT in green- What’s new at Patriot Battery Metals? - Kalkine Media

January 24, 2023 06:00 PM AEDT | By Sukriti
Follow us on Google News:

Highlights

  • On 24 January 2023, mineral explorer Patriot Battery Metals Inc (ASX:PMT) traded up by nearly 13%.
  • The company appointed Natacha Garoute as CFO effective 24 January 2023.
  • Recently, PMT drilled the highest grade lithium drill intercept to date at the CV5 Pegmatite, Quebec, Canada.

Patriot Battery Metals Inc. (ASX:PMT) shares traded up by 12.9% on 24 January 2023. The share price was AU$1.39, with a market capitalisation of AU$247.66 million. The trading volume was over 5 million. Patriot Battery Metals got listed on the ASX in December 2022.

The upward stock momentum was noticed after the company announced that it has appointed a new CFO to its Executive Management Team.

Who is PMT’s new CFO?

The mineral exploration company has appointed Natacha Garoute, LLB, CPA to the position of CFO effective 24 January 2023. Dusan Berka has stepped down from the position after serving for the last 10 years, but he will continue to remain a part of the board of directors.

Natacha Garoute brings along a broad experience with both TSX and ASX listed companies. She has over two decades’ worth of experience in publicly traded and mining companies with global exposure. Her most recent stint was with Champion Iron Ore (ASX 200 & TSX) as CFO.

Image source- George Milton | Pexels

 What’s new at PMT?

Patriot Battery Metals recently revealed core assay results for fourteen additional drill holes from its 2022 drill campaign at its wholly owned Corvette Property-

  • Drill hole CV22-083 returned the strongest lithium mineralised interval to date at the CV5 Pegmatite with 156.9 m at 2.12% Li2O, incl. 25 m at 5.04% Li2O or 5 m at 6.36% Li2
  • It continues to extend mineralisation eastwardly at the CV5 Pegmatite.
  • The spodumene mineralisation at the CV5 Pegmatite has been traced over a strike length of at least 2,200 m via the 2021 & 2022 drill programs.
  • The overall pegmatite has been defined by several drill holes, incl. CV22-017, 042, 066, 083 over a strike length of at least 250 m.

What’s in store?

Vice President of Exploration, Darren Smith, deems the lithium mineralisation in drill hole CV22-083 to be of “impressive nature”. Moving east, the company is defining a significant high-grade zone at a coarse drill spacing of 50 to 100 m.

Darren Smith further adds that the winter drill program would continue to investigate and delineate this area. In the first half of 2023, an initial mineral resource estimate is planned.

Core assay results for twenty-four drill holes are yet to be reported (fourteen at the CV13 Pegmatite cluster and ten at the CV5 Pegmatite cluster).

What is Patriot Battery Metals engaged in?

The company is focused on the acquisition and development of mineral properties containing battery, base, and precious metals. Its flagship asset is the 100% owned Corvette Property, proximal to the Trans-Taiga Road and powerline infrastructural corridor in the James Bay Region of Québec. The land package hosts substantial lithium potential.

PMT also holds 100% ownership of the Freeman Creek Gold Property in Idaho, USA which hosts two prospective gold prospects- the Gold Dyke Prospect and the Carmen Creek Prospect. Other assets include the Hidden Lake Lithium Property, NWT and the Pontax Lithium-Gold Property, QC.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.



Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK