Patriot Battery Metals has issued an updated mineral resource estimate for its CV5 and CV13 spodumene pegmatite ore bodies at the Shaakichiuwaanaan project in Quebec, Canada.
The updated resource estimate for the Shaakichiuwaanaan project includes both the CV5 and CV13 spodumene pegmatites for a total of 80.1-million tonnes at 1.44% lithium oxide indicated and 62.5-million tonnes at 1.31% lithium oxide inferred, for 4.88-million tonnes contained lithium carbonate equivalent.
According to the company, the consolidated resource estimate makes the project the biggest lithium pegmatite mineral resource in the Americas and eight-largest globally.
“The delivery of a substantial maiden indicated resource of over 80-million tonnes is a major milestone which will underpin development studies, while the continued growth of the overall resource – in conjunction with the exploration target announced separately today – highlights the Tier-1 scale of the mineral system and the enormous potential for further growth,” said Patriot’s CEO and MD Ken Brinsden.
"As we advance towards a preliminary economic assessment in the near-term for the Shaakichiuwaanaan project, and further towards a feasibility study scheduled for completion in the third quarter of 2025, the company is firmly positioned as a leading candidate to provide long-term spodumene supply to the North American and European markets."
Theodor Lisovoy, Managing Editor, Rough&Polished
