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
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
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
February 27, 2025 – Vancouver, BC, Canada
February 28, 2025 – Sydney, Australia
Highlights
• Wide, high -grade spodumene pegmatite intercepts received from the e xtensive
summer-fall 2024 in-fill drill program at CV5 complete the drill dataset required to support
the upcoming Feasibility Study and maiden Ore Reserve:
o 153.8 m at 2.00% Li2O, including 55.4 m at 3.42% Li2O (CV24-733).
o 142.9 m at 1.77% Li2O, including 35.2 m at 3.36% Li2O (CV24-719).
o 186.0 m at 1.08% Li2O, including 11.3 m at 4.27% Li2O (CV24-704).
o 129.8 m at 1.36% Li2O, including 22.4 m at 2.45% Li2O (CV24-688).
o 142.3 m at 1.12% Li2O including 55.2 m at 2.19% Li2O (CV24-769).
o 118.4 m at 1.27% Li2O, including 41.5 m at 1.74% Li2O (CV24-693).
o 101.9 m at 1.75% Li2O, including 12.3 m at 3.43% Li2O (CV24-721).
o 106.7 m at 1.49% Li2O including 7.8 m at 4.39% Li2O (CV24-735).
o 119.8 m at 1.10% Li2O, including 41.8 m at 1.65% Li2O (CV24-707).
o 104.1 m at 1.08% Li2O, including 36.1 m at 1.59% Li2O (CV24-682).
o 100.5 m at 1.06% Li2O, including 15.0 m at 2.25% Li2O (CV24-730).
o 98.6 m at 1.76% Li2O, including 33.7 m at 2.40% Li2O (CV24-711A).
o 93.5 m at 1.71% Li2O, including 10.1 m at 3.00% Li2O (CV24-712).
o 53.9 m at 2.29% Li2O, including 32.5 m at 3.04% Li2O (CV24-703).
o 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 i ntercepts. 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.
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 h oles 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), 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.
Figure 1: Drill holes completed through 2024 at CV5 with result highlights in this announcement.
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 dataset s 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.
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).
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).
Table 1: Core assay summary for drill holes reported herein at the CV5 Spodumene Pegmatite.
Hole ID From
(m)
To
(m)
Interval
(m)
Li2O
(%)
Ta2O5
(ppm) Hole ID From
(m)
To
(m)
Interval
(m)
Li2O
(%)
Ta2O5
(ppm)
CV24-643 78.6 82.0 3.4 0.03 354 CV24-683 450.8 483.4 32.6 (3) 0.09 245
91.8 94.4 2.6 0.27 523 CV24-684 No >2 m pegmatite intersections
113.2 154.8 41.6(3) 1.33 131 CV24-685 8.0 15.9 7.9(2) 0.01 726
incl. 141.5 148.6 7.1 3.12 197 36.5 38.8 2.3 0.62 166
183.8 232.9 49.1 1.30 121 66.1 69.4 3.4 0.62 231
266.1 270.9 4.7 0.88 196 108.5 158.3 49.9 1.53 104
285.6 308.0 22.4 0.42 81 incl. 123.4 145.5 22.1 2.42 97
312.1 328.1 16.1 (3) 0.22 76 CV24-686 3.9 11.0 7.1 1.75 179
CV24-648 405.8 407.3 1.4 3.16 198 20.3 27.6 7.4 0.72 170
421.7 424.3 2.6 0.06 174 CV24-687 340.1 367.4 27.3 0.19 211
437.0 458.3 21.3 0.64 274 460.5 466.6 6.1 0.54 158
incl. 450.9 458.3 7.5 1.35 135 CV24-688 160.0 289.8 129.8 1.36 125
CV24-663 37.6 66.6 29.0 0.87 132 incl. 186.5 208.9 22.4 2.45 107
CV24-667 457.6 473.8 16.2 0.20 107 and 240.5 256.3 15.8 2.32 108
CV24-668 28.4 52.1 23.7(2) 1.41 232 CV24-689 No >2 m pegmatite intersections
81.6 84.5 3.0 0.14 238 CV24-690 59.4 61.8 2.4 0.01 64
85.3 91.3 5.9 0.09 453 CV24-691 246.6 260.1 13.4 0.29 159
136.0 148.6 12.6 0.31 114 CV24-692 100.8 105.4 4.6 0.34 121
180.6 184.3 3.7 0.86 93 128.3 133.9 5.6 0.02 139
197.3 208.3 11.0 0.85 82 CV24-693 156.3 274.7 118.4 1.27 188
CV24-669 16.0 20.2 4.2 0.37 227 incl. 184.5 226.0 41.5 1.74 132
26.4 53.6 27.3 0.91 154 299.5 307.6 8.1 0.30 325
62.4 65.4 3.0 1.26 198 328.0 333.3 5.3 0.11 148
217.4 223.8 6.4 0.03 102 CV24-694 273.4 275.8 2.4 0.10 99
CV24-671 63.7 68.1 4.4 0.75 131 CV24-695 166.1 169.2 3.1 1.20 370
73.3 81.4 8.1 0.67 145 222.7 249.9 27.2 0.77 106
154.3 161.3 7.0 0.09 68 251.0 254.9 3.9 0.22 116
190.8 194.2 3.3 0.19 98 CV24-697 96.5 191.8 95.3 0.63 165
CV24-674 No >2 m pegmatite intersections incl. 129.5 148.1 18.5 1.73 250
CV24-675 453.0 455.5 2.5 0.02 102 or 136.0 140.7 4.7 3.44 222
CV24-676 No >2 m pegmatite intersections CV24-698 173.7 178.7 5.0 2.27 145
CV24-677 19.0 98.1 79.1 1.38 158 CV24-699 297.3 326.2 28.9 1.01 209
160.9 183.4 22.5 0.83 110 330.6 336.0 5.4 0.19 1342
incl. 174.6 181.0 6.4 1.56 109 380.7 385.8 5.1 0.02 699
211.0 213.8 2.8 0.49 168 CV24-700 88.7 155.9 67.2 0.10 150
CV24-678 25.5 80.1 54.6 (2) 0.39 148 157.1 161.4 4.2 0.07 110
incl. 54.1 78.5 24.4 0.82 127 172.4 181.5 9.1 0.84 182
128.8 138.5 9.7 0.77 79 192.0 197.1 5.1 0.49 94
168.4 172.7 4.3 1.14 81 278.0 290.1 12.1 0.79 853
CV24-679 No >2 m pegmatite intersections CV24-701 353.1 356.0 2.9 0.03 77
CV24-680 No >2 m pegmatite intersections 359.1 362.7 3.6 0.09 111
CV24-681 386.1 388.2 2.1 0.02 89 428.4 439.3 11.0 1.95 72
CV24-682 147.9 252.1 104.1 (3) 1.08 121
incl. 216.0 252.1 36.1 1.59 97
Hole ID From
(m)
To
(m)
Interval
(m)
Li2O
(%)
Ta2O5
(ppm) Hole ID From
(m)
To
(m)
Interval
(m)
Li2O
(%)
Ta2O5
(ppm)
CV24-702 40.4 47.7 7.2 0.94 184 CV24-712 152.3 158.5 6.2 1.45 104
186.0 260.9 74.9 0.86 147 252.7 346.1 93.5 1.71 117
incl. 234.4 252.1 17.7 1.80 170 incl. 276.0 286.1 10.1 3.00 105
CV24-703 184.0 189.7 5.8 1.76 105 and 309.7 344.1 34.5 2.09 158
283.5 337.4 53.9 2.29 152 CV24-713 4.4 17.4 13.0(2) 1.71 290
incl. 283.5 316.0 32.5 3.04 136 111.0 123.2 12.2 1.00 178
374.4 395.1 20.8 1.54 151 CV24-714 241.2 246.6 5.3 1.65 178
incl. 377.8 390.6 12.8 2.31 157 325.8 378.2 52.4 2.00 213
CV24-704 114.1 300.1 186.0 (3) 1.08 182 incl. 336.7 347.4 10.7 3.04 113
incl. 171.1 182.4 11.3 4.27 100 and 356.4 364.8 8.4 3.32 255
and 256.8 268.5 11.8 3.34 352 CV24-715 136.0 248.1 112.1 0.72 114
CV24-705 32.3 58.1 25.8 1.16 168 incl. 209.1 246.6 37.5 1.47 92
incl. 34.6 44.6 10.0 2.26 156 CV24-716 49.7 53.1 3.4 0.03 144
117.6 203.3 85.7(3) 1.23 108 CV24-717 28.9 62.4 33.5 1.53 248
239.0 241.3 2.3 0.11 167 incl. 46.5 55.7 9.2 2.33 250
257.7 264.0 6.3 1.17 121 109.2 125.6 16.5 1.15 180
270.2 276.5 6.2 0.68 61 128.5 131.6 3.1 1.81 789
329.8 339.5 9.7 0.31 216 296.2 303.9 7.7 0.36 125
393.1 396.2 3.1 0.04 67 CV24-718 318.1 368.9 50.9 0.75 225
CV24-706 31.3 35.6 4.4 0.03 209 incl. 321.1 340.6 19.5 1.65 286
123.5 130.6 7.1 1.15 123 CV24-719 143.8 286.7 142.9 1.77 221
CV24-707 91.4 94.1 2.8 1.87 87 incl. 170.3 205.5 35.2 3.36 177
100.1 219.9 119.8 1.10 161 and 258.5 280.7 22.2 2.54 325
incl. 139.7 181.5 41.8 1.65 168 CV24-720 50.0 57.6 7.6 0.71 109
CV24-708 330.7 359.2 28.5 0.09 321 79.0 84.9 5.9 1.01 188
409.9 420.4 10.5 1.05 99 CV24-721 158.9 165.0 6.1 1.57 71
CV24-709 41.1 44.9 3.8 0.88 180 262.7 364.6 101.9 1.75 143
129.9 216.3 86.4 1.60 243 incl. 339.0 351.3 12.3 3.43 240
incl. 165.3 196.4 31.1 2.33 226 CV24-722 34.5 43.2 8.7 1.32 220
273.2 279.0 5.8 0.04 121 CV24-723 30.3 43.8 13.5 0.89 94
CV24-710 28.5 53.1 24.6 1.52 304 CV24-724 154.9 171.1 16.2 0.84 188
incl. 35.0 47.0 12.0 2.45 149 254.7 309.6 54.9 1.14 154
134.9 155.5 20.6 0.46 116 CV24-725 99.1 166.7 67.6 0.70 87
CV24-711 43.9 51.8 8.0 incl. 151.8 160.1 8.3 2.37 84
180.8 185.4 4.7 434.5 452.7 18.2 0.27 54
186.0 236.5 50.6 CV24-726 37.8 51.1 13.3 0.82 84
CV24-711A 46.1 52.2 6.1 1.10 860 CV24-727 335.6 353.4 17.8 0.03 479
184.4 283.0 98.6 1.76 158 379.6 414.4 34.7 1.96 102
incl. 187.5 221.2 33.7 2.40 148 incl. 384.0 411.3 27.3 2.43 109
and 255.0 276.0 21.0 2.56 213 CV24-728 5.5 15.1 9.6 0.05 237
291.3 307.0 15.7 1.17 229 32.1 41.2 9.1 0.70 204
315.0 333.2 18.2 1.39 146 CV24-730 118.5 219.1 100.5 1.06 149
incl. 325.8 332.0 6.3 2.19 169 incl. 199.5 214.5 15.0 2.25 107
Not sampled
Not sampled
Not sampled