New Spodumene Pegmatite Cluster Discovered ~20 km from the CV5 Deposit Highlights further substantial discovery upside at Shaakichiuwaanaan
Patriot Battery Metals Inc.
Suite 700 - 838 W. Hastings Street, Vancouver, BC, Canada, V6C 0A6
www.patriotbatterymetals.com TSX: PMET / ASX: PMT / OTC: PMETF / FSE: R9GA
New Spodumene Pegmatite Cluster Discovered ~20 km
from the CV5 Deposit
Highlights further substantial discovery upside at Shaakichiuwaanaan
March 25, 2025 – Vancouver, BC, Canada March 26, 2025 – Sydney, Australia
Highlights
• Significant new spodumene pegmatite cluster discovered from surface exploration
within the Shaakichiuwaanaan Property in Quebec, Canada.
• The new discovery, named “CV15”, sits along geological trend from the CV9-CV10-CV14
spodumene pegmatites and ~20 km west of the cornerstone CV5 Deposit:
o Outcrop sample assays of 2.11% Li2O, 1.55% Li2O, and 1.02% Li2O.
o Multiple pegmatite outcrops identified over a 400 m x 200 m area to date.
o Discovery extends the prospective “ Mickel Trend ” by ~1.9 km to
~5.5 km in length, which is longer than the CV5 Pegmatite (4.6 km).
o The ~5.5 km long Mickel Trend starts ~ 9.5 km west of the CV13
Pegmatite, demonstrating the enormous scale and prospectivity of the
Shaakichiuwaanaan Property.
• New LCT pegmatite outcrop also discovered ~525 m along strike from the CV8
Spodumene Pegmatite with sample assays including 2,282 ppm Ta 2O5, significantly
extending the local prospective LCT pegmatite trend.
• Additional subangular spodumene pegmatite boulder s discovered to the northwest and
southeast of the CV5 Deposit, highlighting the potential for additional spodumene
pegmatites to be discovered under glacial till cover proximal to the currently
known CV5 Deposit footprint.
• The 2024 outcrop and boulder discoveries, demonstrate the considerable discovery
upside that remains over significant parts of the Shaakachiuwaanaan Property.
Darren L. Smith, Patriot Executive and Vice President of Exploration, comments: “The 2024 surface
campaign at Shaakichiuwaanaan has delivered significant results which continue to demonstrate that we
have still only scratched the surface in terms of the Property’s broader exploration potential. The discovery
of another new spodumene pegmatite occurrence at CV15 – along the prospective Mickel Trend, which
encompasses CV9, CV10, CV14, and CV15 – represents another exciting opportunity for the Company.”
“We are eager to follow-up this discovery with systematic surface exploration , including channeling and
mapping, as the Mickel Trend has now been extended by ~1.9 km, from ~3.6 km to ~5.5 km. Coupled
with the numerous spodumene pegmatite boulders over the Property, these discoveries highlight the
extensive nature of the spodumene mineralized system at Shaakichiuwaanaan. T here remains strong
potential for additional discoveries,” added Mr. Smith.
Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX: PMET) (ASX: PMT)
(OTCQX: PMETF) (FSE: R9GA) is pleased to announce the discovery of a new spodumene
pegmatite cluster , CV15, from its 2024 surface exploration campaign at the 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 Estimate 1 (“MRE”) of
80.1 Mt at 1.44% Li 2O Indicated and 62.5 Mt at 1.31% Li 2O 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. The CV13 Pegmatite
is located <3 km along geological trend from the CV5 Pegmatite, which hosts additional lithium
and tantalum resources, as well as a recently discovered zone of cesium mineralisation (see news
release dated March 2, 2025).
The 2024 surface exploration campaign included geological mapping , regional prospecting , and
surface sampling and was focused on discovery of new lithium pegmatite occurrences across the
Property outside of the existing deposits . A total of 647 surface rock grab/chip samples were
collected during the course of the program.
CV15 Spodumene Pegmatite Discovery & the Mickel Trend
The 2024 program resulted in the discovery of a significant new spodumene pegmatite
cluster at surface , named CV15, with outcrop grab sample assays including 2.11% Li 2O,
1.55% Li2O, and 1.02% Li2O. Additionally, grab sample assays from nearby boulders returned
grades of 3.10% Li2O and 3.02% Li2O. The CV15 discovery is situated approximately 1.9 km
southwest and along geological trend from CV14, and collectively now forms part of a larger
~5.5 km long prospective trend extending from the CV9 spodumene pegmatite cluster to
CV15, now referred to as the Mickel Trend (Figure 1 and Figure 2).
The CV15 discovery consists of multiple pegmatite outcrops spread over an approximate 400 m
x 200 m area, with the largest measuring ~7 m x 6 m in size (Figure 3), and remains open in all
directions. Like other spodumene pegmatite occurrences on the Property, spodumene crystals at
CV15 are large and hosted in a smoky-quartz and feldspar groundmass (Figure 4). The discovery
significantly enhances the prospectivity of the Mickel T rend – now ~5.5 km long – which also
includes the CV9, CV10, and CV14 spodumene pegmatites.
Of the four (4) lithium pegmatite clusters situated along the ~5.5 km long Mickel T rend, only the
CV9 Pegmatite – demarcating the currently known northeastern end of the trend (which remains
open) – has been drill tested (see news release dated April 7, 2024) . Results include 99.9 m at
0.39% Li2O, including 30.6 m at 0.80% Li 2O (CV23-345), 10.8 m at 1.00% Li 2O (CV23-267), and
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), an d 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.
7.7 m at 1.35% Li2O (CV23-333). The drilling confirmed the presence of widespread spodumene
mineralization, which remains open along strike and to depth, while also demonstrating the
potential for significant volumes with a thick (up to ~80 m true thickness) pegmatite dyke present.
The Company intends to follow -up at CV15 in 2025 with targeted prospecting and
channel sampling.
Figure 1: New spodumene pegmatite cluster (CV15) extends the prospective Mickel Trend to ~5.5 km.
Cumulative surface sampling results since 2017 are presented.
Figure 2: New spodumene pegmatite cluster (CV15) extends the prospective Mickel Trend to ~5.5 km.
Only 2024 surface sampling results are presented.
Figure 3: Mineralized outcrop at the CV15 Spodumene Pegmatite – grab sample of 2.11% Li2O.
Figure 4: Large, light grey spodumene crystals at the CV15 Pegmatite in a matrix of feldspar, smoky
quartz, and minor mafics.
The photographs shown in this announcement are to illustrate the results which form the basis of the
Exploration Results reported and are not intended to provide any visual disclosures of mineralisation. The
presence of spodumene crystals within the pegmatite shown in Figure 4 has been confirmed as indicative
of lithium mineralisation based on the outcrop assays summarised in Figure 2 for CV15. These results are
from initial sampling of multiple pegmatite outc rops spread over an approximate 400m x 200m area
which there is variations in spodumene content and lithium mineralisation. Further work will determine the
representivity of the sampling.
Other Mineralized Outcrops and Boulders
The 2024 program was also successful in locating several other anomalous to mineralized outcrops
and boulders of strong interest for follow-up. These include:
1. A new Li-Cs-Ta (“LCT”) pegmatite outcrop discovered approximately 525 m west along
geological trend of the CV8 Spodumene Pegmatite with a grab sample assaying 0.01% Li2O
and 2,282 ppm Ta 2O5. The discovery is significant and extends the local CV8
pegmatite trend to nearly 800 m ( Figure 1). Additionally, another LCT pegmatite
outcrop was discovered east of CV12 with a grab sample of 0.01% Li 2O and
172 ppm Ta2O5, extending the prospective CV12 trend by ~250 m east ward towards
CV13 (Figure 6 and Figure 7). The presence of high-grade tantalum is an excellent indicator
for lithium, which may be present in close proximity. Additionally, t he expansion of the
CV8 and CV12 spodumene pegmatite trends indicate that these systems are larger than
previously recognized and suggest a potential sub-surface connection with CV13.
2. A highly anomalous and altered paragneiss outcrop with pockets of tourmaline (grab
sample assay of 0.20% Li2O and 1,074 ppm Cs2O) discovered west of CV8, and outside
of the currently understood extent of the CV Lithium Trend (Figure 1 and Figure 2). The
discovery is interpreted to be related to the altered LCT pegmatite 2 found in drill holes
CF21-008A and 009, where significant holmquistite mineralization is present in the host
rocks, indicating the pegmatite had been mineralized and then altered resulting in a
reduction in lithium content. This is significant as altered LCT pegmatite may be present in
close proximity to mineralized LCT pegmatite.
3. Multiple mineralized boulders on the Property indicative of undiscovered spodumene
pegmatite to the north and south of the primary CV Lithium Trend ( Figure 6 and Figure
7). These include a cluster of large, angular to subangular spodumene pegmatite boulders
measuring up to 7 m x 6 m (Figure 5). Samples collected from these boulders assayed 0.93%
Li2O and 0.65% Li 2O, and were discovered ~ 300 m up-ice of a 2019 mineralized boulder
(1.00% Li2O). Similar to CV5, large light -grey to light -green spodumene crystals within a
finer grained feldspar and smoky -quartz groundmass were discovered in these boulders
(Figure 8). Collectively, the 2019 and 2024 mineralized boulders form a northern boulder
train parallelling the boulder train southwest of CV5, with their angularity suggesting that
there is an undiscovered spodumene pegmatite in close proximity.
2 Smith, D. L., Mickelson, P., & Blu, F. (2023 - GM73402). 2021 Exploration of the Corvette Property. Patriot Battery
Metals Inc., MRNF.
Additional mineralized pegmatite boulders were discovered south of CV5, with six (6)
samples assaying >1% Li 2O to a peak of 3.25% Li 2O. Cumulatively, mineralized boulders
sampled south of CV5 in 2023 and 2024 strongly suggest the presence of additional
undiscovered spodumene pegmatite between CV5 and CV4, and to their immediate south.
Figure 5: Cluster of angular to subangular boulders northwest of CV5, reporting 0.93% Li 2O and
0.65% Li2O from two (2) samples.
Figure 6: Highly prospective areas for spodumene pegmatite based on recent boulder sampling
results. Cumulative surface sampling results since 2017 are presented.