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Multiple Wide, High-Grade Intercepts at the CV5 Pegmatite, including 153.8 m at 2.00% Li2O, Completes Drill Dataset for Upcoming Feasibility Study and Ore Reserve in Q3-2025

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VANCOUVER, BC, Feb. 27, 2025

Highlights

  • Wide, high-grade spodumene pegmatite intercepts received from the extensive summer-fall 2024 in-fill drill program at CV5 complete the drill dataset required to support the upcoming Feasibility Study and maiden Ore Reserve:
    • 153.8 m at 2.00% Li2O, including 55.4 m at 3.42% Li2O (CV24-733).
    • 142.9 m at 1.77% Li2O, including 35.2 m at 3.36% Li2O (CV24-719).
    • 186.0 m at 1.08% Li2O, including 11.3 m at 4.27% Li2O (CV24-704).
    • 129.8 m at 1.36% Li2O, including 22.4 m at 2.45% Li2O (CV24-688).
    • 142.3 m at 1.12% Li2O including 55.2 m at 2.19% Li2O (CV24-769).
    • 118.4 m at 1.27% Li2O, including 41.5 m at 1.74% Li2O (CV24-693).
    • 101.9 m at 1.75% Li2O, including 12.3 m at 3.43% Li2O (CV24-721).
    • 106.7 m at 1.49% Li2O including 7.8 m at 4.39% Li2O (CV24-735).
    • 119.8 m at 1.10% Li2O, including 41.8 m at 1.65% Li2O (CV24-707).
    • 104.1 m at 1.08% Li2O, including 36.1 m at 1.59% Li2O (CV24-682).
    • 100.5 m at 1.06% Li2O, including 15.0 m at 2.25% Li2O (CV24-730).
    • 98.6 m at 1.76% Li2O, including 33.7 m at 2.40% Li2O (CV24-711A).
    • 93.5 m at 1.71% Li2O, including 10.1 m at 3.00% Li2O (CV24-712).
    • 53.9 m at 2.29% Li2O, including 32.5 m at 3.04% Li2O (CV24-703).
    • 58.1 m at 1.14% Li2O, including 8.6 m at 5.28% Li2O (CV24-742).
  • Core assay results for 98 drill holes (31,513 m) – all from CV5 – are reported in this announcement, concluding the reporting of all 431 holes (128,052 m) completed in 2024.
  • This final batch of assays completes the core analytical dataset required for the delivery of the Feasibility Study and maiden Ore Reserve Estimate for the CV5 Spodumene Pegmatite, which is targeted for Q3-2025. All resource, geotechnical, geomechanical, and hydrogeological drilling required to support the pending Feasibility Study on CV5 is now complete.
  • The Company has now completed 793 drill holes (233,884 m) at the Shaakichiuwaanaan Property to deliver the largest hard rock lithium resource in the Americas in under 3 years.

Darren L. Smith, Patriot Executive and Vice President of Exploration, comments: "The fall 2024 in-fill drill program at the CV5 Pegmatite wrapped up on a very strong note, delivering more than 10 well-mineralized 100+ m intercepts. The completion of the in-fill program marks a key milestone towards upgrading the Mineral Resource to higher confidence (from Inferred to Indicated), and we were able to achieve this on schedule and under budget."

"The team is now advancing the geological and block models in coordination with our independent consultants as we work towards the next Mineral Resource update, which in turn will underpin the upcoming Feasibility Study and maiden Ore Reserve for the CV5 Pegmatite – which remain on schedule for Q3-2025," added Mr. Smith.

VANCOUVER, BC, Feb. 27, 2025 /PRNewswire/ - February 28, 2025 – Sydney, Australia 

Patriot Battery Metals Inc. (the "Company" or "Patriot") (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce the final batch of results from its extensive summer-fall 2024 in-fill drill program at the CV5 Spodumene Pegmatite, which forms part of the Company's wholly-owned Shaakichiuwaanaan Property (the "Property" or "Project"), located in the Eeyou Istchee James Bay region of Quebec.

The Shaakichiuwaanaan Property hosts a consolidated Mineral Resource Estimate1 ("MRE") of 80.1 Mt at 1.44% Li2O Indicated and 62.5 Mt at 1.31% Li2O Inferred. The CV5 Spodumene Pegmatite, which forms the bulk of the MRE, is accessible year-round by all-season road and is situated approximately 14 km from a major hydroelectric powerline corridor.

Core assay results for 98 holes (31,513 m) are reported in this announcement (Figure 1, Table 1, Table 2), concluding the reporting of all 431 holes (128,052 m) completed during the 2024 drill campaign at the Property. The holes reported in this announcement focused on in-fill drilling at the CV5 Deposit to support an MRE update targeting conversion of Mineral Resources from the Inferred category to the higher confidence Indicated category, which will in turn underpin a maiden Ore Reserve Estimate.

The drill holes reported tested nearly the entire 4.6 km strike length currently defined at CV5, which remains open at both ends and at depth, along a significant portion of its length. The results continue to demonstrate that wide and well-mineralized pegmatite, with consistently large spodumene crystals, is present along the entire strike length of the deposit (Figure 1, Figure 2, Figure 3, and Figure 4).

With the delivery of these results, all resource, geotechnical, geomechanical, and hydrogeological drill holes required to support the pending Feasibility Study on CV5 are now complete. These drill holes targeted areas encompassing the anticipated supporting development infrastructure (process plant, camp, stockpiles, waste rock and tailings management facilities, etc.), as well open-pit and underground development areas. The data collected will be used to establish a maiden Ore Reserve, infrastructure foundation and build parameters, rock mechanics domain parameters, and hydrogeological models to support the overall mine design for the pending Feasibility Study.

________________
1 Shaakichiuwaanaan (CV5 & CV13) Mineral 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 0.80% Li2O (underground CV13) with an Effective Date of August 21, 2024 (through drill hole CV24-526). Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability.

Figure 1: Drill holes completed through 2024 at CV5 with result highlights in this announcement. (CNW Group/Patriot Battery Metals Inc.)

Collectively, over the 2024 drill campaign a total of 431 holes (128,052 m) were completed across the CV5 and CV13 pegmatites, as well as areas of proposed infrastructure in support of future development. This includes step-out and in-fill holes, as well as geotechnical, hydrogeological, and geomechanical holes.

Since the "discovery hole", CF21-001 – the first hole to test the CV5 Pegmatite surface exposures at depth – was completed in fall 2021, a total of 793 holes totalling 233,884 m have been completed at Shaakichiuwaanaan focused on exploration and development of lithium pegmatite.

This drilling has delineated the largest hard rock lithium resource in the Americas – Shaakichiuwaanaan (comprising the CV5 & CV13 pegmatites).

The collective drill datasets will underpin an updated and higher-confidence MRE for the Shaakichiuwaanaan Project (CV5 & CV13 pegmatites), as well as an expected maiden Ore Reserve for the CV5 Spodumene Pegmatite, which will be declared upon completion of the Feasibility Study, which is targeted for delivery in Q3-2025.

Figure 2: Very high-grade spodumene pegmatite with very large spodumene crystals, grading 5.28% Li2O over 8.6 m (427.5 m to 436.1 m, hole CV24-742), located east of the Nova Zone at CV5. (CNW Group/Patriot Battery Metals Inc.)

Figure 3: Very large, near inclusion free, spodumene crystals in quartz pegmatite at CV5 (drill-hole CV24-704). Drill core grades 4.27% Li2O over 11.3 m (171.1 m to 182.4 m). (CNW Group/Patriot Battery Metals Inc.)

Figure 4: Very high-grade spodumene pegmatite with very large spodumene crystals from the Nova Zone at CV5 (drill hole CV24-733). Drill core grades 4.0% Li2O over 18.4 m (254.0 m to 272.4 m). (CNW Group/Patriot Battery Metals Inc.)

Figure 4: Very high-grade spodumene pegmatite with very large spodumene crystals from the Nova Zone at CV5 (drill hole CV24-733). Drill core grades 4.0% Li2O over 18.4 m (254.0 m to 272.4 m). (CNW Group/Patriot Battery Metals Inc.)

Table 1: Core assay summary for drill holes reported herein at the CV5 Spodumene Pegmatite. (CNW Group/Patriot Battery Metals Inc.)

Table 1: Core assay summary for drill holes reported herein at the CV5 Spodumene Pegmatite. (CNW Group/Patriot Battery Metals Inc.)

Table 1: Core assay summary for drill holes reported herein at the CV5 Spodumene Pegmatite. (CNW Group/Patriot Battery Metals Inc.)

Table 2: Attributes for drill holes reported herein at the CV5 Spodumene Pegmatite.

Hole ID

Substrate

Total Depth (m)

Azimuth
(°)

Dip
(°)

Easting

Northing

Elevation
(m)

Core Size

Cluster

CV24-643

Water

394.9

160

-55

570074.0

5930705.6

371.7

NQ

CV5

CV24-648

Land

484.9

180

-48

572564.4

5931724.7

374.6

NQ

CV5

CV24-663

Water

215.0

160

-60

570784.8

5930905.2

371.8

NQ3

CV5

CV24-667

Land

529.9

179

-58

572564.7

5931725.3

374.6

NQ

CV5

CV24-668

Land

254.0

158

-45

569410.0

5930345.5

389.3

NQ

CV5

CV24-669

Land

281.0

158

-45

569965.3

5930554.4

376.3

NQ

CV5

CV24-671

Land

209.0

160

-45

569762.7

5930394.7

380.1

NQ

CV5

CV24-674

Land

545.5

150

-50

571673.2

5931541.5

396.8

NQ

CV5

CV24-675

Land

490.9

145

-72

572151.5

5931550.8

375.9

NQ

CV5

CV24-676

Land

207.5

145

-65

570036.3

5930783.1

377.8

NQ

CV5

CV24-677

Land

347.0

235

-60

569963.3

5930554.0

376.4

NQ

CV5

CV24-678

Land

299.1

158

-46

569504.8

5930370.1

383.3

NQ

CV5

CV24-679

Water

125.0

340

-60

570814.8

5931002.4

372.0

NQ3

CV5

CV24-680

Land

226.9

158

-45

569841.2

5930331.4

377.6

NQ

CV5

CV24-681

Water

494.0

0

-90

572438.5

5931450.0

372.1

NQ

CV5

CV24-682

Land

362.0

160

-48

570646.9

5931010.2

373.7

NQ

CV5

CV24-683

Land

512.0

163

-56

572564.8

5931726.3

374.6

NQ

CV5

CV24-684

Water

161.0

27

-60

570932.4

5930996.7

371.9

NQ3

CV5

CV24-685

Land

299.0

160

-80

569743.0

5930442.0

379.2

NQ

CV5

CV24-686

Land

209.0

160

-45

570249.5

5930646.4

384.3

NQ

CV5

CV24-687

Land

503.0

134

-62

572151.7

5931551.1

375.9

NQ

CV5

CV24-688

Water

344.1

152

-45

570832.5

5931093.5

371.9

NQ

CV5

CV24-689

Land

167.0

11

-51

569705.4

5930476.0

380.2

NQ3

CV5

CV24-690

Land

115.8

160

-45

569799.1

5930303.3

376.4

NQ

CV5

CV24-691

Water

371.3

158

-46

572275.8

5931522.4

372.9

NQ

CV5

CV24-692

Land

272.1

158

-75

570317.9

5930621.6

383.0

NQ

CV5

CV24-693

Land

344.0

125

-45

570647.6

5931010.5

373.8

NQ

CV5

CV24-694

Land

443.5

160

-48

571672.8

5931541.1

396.8

NQ

CV5

CV24-695

Land

343.9

310

-70

569965.8

5930425.6

377.0

NQ

CV5

CV24-697

Water

322.9

158

-45

570707.1

5930992.2

371.9

NQ

CV5

CV24-698

Water

265.9

160

-59

572263.5

5931404.1

373.0

NQ

CV5

CV24-699

Land

409.7

150

-58

572151.3

5931550.9

375.9

NQ

CV5

CV24-700

Land

302.1

163

-45

569453.6

5930438.9

380.5

NQ

CV5

CV24-701

Land

471.6

157

-59

571947.8

5931540.9

380.7

NQ

CV5

CV24-702

Land

302.2

170

-50

571561.1

5931282.3

374.5

NQ

CV5

CV24-703

Land

450.0

154

-50

571708.1

5931460.6

378.6

NQ

CV5

CV24-704

Land

355.0

200

-50

571097.9

5931094.0

375.2

NQ

CV5

CV24-705

Land

407.2

167

-73

570110.2

5930638.0

377.0

NQ

CV5

CV24-706

Water

203.0

160

-45

571582.3

5931171.8

372.2

NQ

CV5

CV24-707

Water

287.1

162

-48

570707.9

5930989.2

373.5

NQ

CV5

CV24-708

Land

431.0

160

-61

572052.0

5931534.6

372.6

NQ

CV5

CV24-709

Land

320.3

155

-73

571442.8

5931177.7

377.0

NQ

CV5

CV24-710

Water

275.0

185

-55

571586.6

5931171.8

373.0

NQ

CV5

CV24-711

Land

236.5

162

-63

571561.2

5931282.6

374.4

NQ

CV5

CV24-711A

Land

368.0

162

-63

571560.9

5931282.6

374.4

NQ

CV5

CV24-712

Land

371.1

150

-45

571616.1

5931411.0

375.6

NQ

CV5

CV24-713

Water

161.2

175

-50

571509.5

5931133.2

373.0

NQ

CV5

CV24-714

Land

449.1

159

-51

571947.9

5931540.8

380.9

NQ

CV5

CV24-715

Water

317.1

150

-46

570511.7

5930943.5

373.0

NQ

CV5

CV24-716

Water

145.9

158

-45

571371.3

5931036.7

373.0

NQ

CV5

CV24-717

Land

353.0

167

-45

570110.3

5930637.3

377.0

NQ

CV5

CV24-718

Land

425.0

148

-59

572052.2

5931534.7

372.7

NQ

CV5

CV24-719

Land

305.0

158

-53

571132.6

5931145.0

376.3

NQ

CV5

CV24-720

Water

117.9

158

-70

571371.3

5931037.1

372.9

NQ

CV5

CV24-721

Land

402.8

142

-47

571616.4

5931411.0

375.4

NQ

CV5

CV24-722

Water

137.0

158

-45

571097.7

5930963.1

373.0

NQ

CV5

CV24-723

Water

95.1

158

-45

570575.5

5930788.3

373.0

NQ

CV5

CV24-724

Land

356.1

152

-58

572011.7

5931467.0

375.7

NQ

CV5

CV24-725

Land

503.0

155

-65

571311.7

5931087.6

380.0

NQ

CV5

CV24-726

Water

97.8

158

-45

570998.1

5930944.0

373.0

NQ

CV5

CV24-727

Land

446.9

146

-63

572052.3

5931534.8

372.7

NQ

CV5

CV24-728

Water

83.1

158

-45

570667.0

5930827.1

373.0

NQ

CV5

CV24-730

Land

305.0

160

-55

571336.9

5931165.8

375.9

NQ

CV5

CV24-731

Water

101.1

158

-45

570899.1

5930925.1

373.0

NQ

CV5

CV24-732

Water

268.9

158

-58

572212.3

5931385.5

373.0

NQ

CV5

CV24-733

Land

392.2

145

-63

571561.7

5931282.9

374.5

NQ

CV5

CV24-734

Water

122.0

158

-45

570847.3

5930912.0

373.0

NQ

CV5

CV24-735

Land

404.2

155

-51

571653.2

5931324.2

376.8

NQ

CV5

CV24-736

Land

383.1

158

-56

572214.1

5931534.1

373.2

NQ

CV5

CV24-737

Water

415.8

170

-62

572324.5

5931536.8

373.0

NQ

CV5

CV24-738

Water

119.0

160

-45

571292.1

5931011.9

373.0

NQ

CV5

CV24-739

Land

401.0

158

-55

568598.9

5930071.1

388.9

NQ

CV5

CV24-740

Land

536.1

125

-60

571312.4

5931088.5

380.1

NQ

CV5

CV24-741

Land

496.5

170

-64

572051.9

5931534.5

372.6

NQ

CV5

CV24-742

Land

509.8

188

-47

572565.1

5931727.7

373.7

NQ

CV5

CV24-743

Water

85.8

158

-50

571497.3

5931041.6

372.9

NQ

CV5

CV24-744

Water

196.9

158

-45

571570.8

5931124.5

373.0

NQ

CV5

CV24-745

Land

515.2

175

-80

572213.8

5931534.5

373.3

NQ

CV5

CV24-746

Land

369.2

158

-60

571977.8

5931451.6

376.5

NQ

CV5

CV24-748

Water

386.0

155

-58

572324.9

5931538.5

372.1

NQ

CV5

CV24-749

Land

305.0

158

-65

568474.2

5930093.9

399.8

NQ

CV5

CV24-750

Water

443.0

160

-70

571220.1

5930923.9

372.8

NQ

CV5

CV24-751

Land

431.0

150

-85

571286.3

5930893.2

377.4

NQ

CV5

CV24-752

Land

494.1

159

-48

569965.8

5930738.0

376.0

NQ

CV5

CV24-753

Water

345.6

175

-75

572328.8

5931537.4

373.4

NQ

CV5

CV24-755

Land

536.0

194

-51

572564.8

5931727.8

373.6

NQ

CV5

CV24-756

Land

253.9

158

-45

568474.5

5930093.4

399.7

NQ

CV5

CV24-758

Land

506.1

145

-75

572213.9

5931534.8

373.2

NQ

CV5

CV24-759

Land

93.0

158

-45

568479.6

5929966.6

388.9

NQ

CV5

CV24-760

Water

428.0

115

-75

571080.9

5930873.1

373.0

NQ

CV5

CV24-764

Land

77.0

158

-65

568479.8

5929966.0

388.8

NQ

CV5

CV24-765

Water

358.9

0

-90

572445.5

5931369.9

373.4

NQ

CV5

CV24-766

Land

90.0

158

-45

568433.9

5929939.3

391.1

NQ

CV5

CV24-767

Land

326.0

159

-60

569819.4

5930506.5

375.4

NQ

CV5

CV24-769

Land

374.0

170

-68

571579.6

5931234.4

374.9

NQ3

CV5

CV24-777

Land

101.1

340

-75

568849.3

5930131.6

395.1

NQ3

CV5

CV24-781

Land

200.1

330

-85

569283.5

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