Replace on 2024 Summer season-Fall Exploration and Construction Actions at Shaakichiuwaanaan, Quebec, Canada

• 2024 drill marketing campaign just about whole having drilled ~127,700 m (428 holes) at Shaakichiuwaanaan since January.
• Effects for greater than 65,000 m (262 holes) stay to be reported pending ultimate assays from the summer-fall program.
• The 2024 infill drill marketing campaign on the CV5 Spodumene Pegmatite additional helps conversion of Inferred sources to Indicated sources, understructure the Feasibility Learn about on agenda for the 3rd quarter 2025.
• Up to date Mineral Useful resource Remark centered for March/April 2025.
• Effects for about 10,000 m (33 holes) of follow-up drilling on the CV13 Spodumene Pegmatite’s high-grade Vega Zone stay to be reported pending ultimate assays.
• Geotechnical, hydrogeological, and geomechanical drilling to assistance the Feasibility Learn about expected to be completed inside two weeks, finishing the majority of the 2024 calendar yr exploration spend.
  • Contains tracking smartly set up and several other long-duration pump assessments.
• Diverse trade-offs and building research underway in assistance of the Feasibility Learn about.
• 2024 floor exploration whole, which incorporated channel sampling, geological mapping, and prospecting of the wider CV Lithium Development – effects to be introduced in a next information leave.
• Environmental garden techniques have advanced to devise and a abstract might be introduced in a next information leave.

Ken Brinsden, President, CEO and Director, feedback: “There has been significant activity at site throughout the year, both in new exploration and in support of Project development for CV5 as we progress the Feasibility Study. Our Preliminary Economic Assessment (“PEA”), introduced August 21, 2024, outlined a compelling economic scenario for the development of Shaakichiuwaanaan’s CV5 Spodumene Pegmatite and provides significant confidence in the potential for the Project to be a lithium raw material supply powerhouse to the North American and European markets. With a Project of world class caliber, coupled with our exploration and development team expertise and commitment, we remain on track for a Q3-2025 Feasibility Study and ESIA release.”  

Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is happy to handover an exploration and building replace for its 100%-owned Shaakichiuwaanaan Detail (the “Property” or “Project”) – previously referred to as Corvette – situated within the Eeyou Istchee James Bay patch of Quebec, which is obtainable year-round via all-season street and is proximal to primary regional powerline infrastructure.

On August 21, 2024, the Corporate introduced a powerful Initial Financial Overview (“PEA”) at the Shaakichiuwaanaan Detail’s CV5 Spodumene Pegmatite, which supplied a compelling financial situation for building. In parallel with the PEA, the Corporate has no longer relented on its selection of numerous datasets, trade-offs and similar interior research, to assistance the Feasibility Learn about which extra on agenda for final touch in the second one part of 2025.

This paintings comprises each garden and desktop techniques – drilling, engineering, metallurgy, channel sampling, geological mapping, environmental, social engagement, and many others. – targeted at the essential trail must assistance the Feasibility Learn about and the trail to attainable manufacturing. 

Drill Exploration (CV5 Infill and CV13 Step-out)

From early June via October 20, 2024, the Corporate had finished ~65,000 m (262 holes) at Shaakichiuwaanaan, to effect a complete of ~127,700 m (428 holes) finished in 2024, and over 234,000 m (just about 800 holes) finished to time on the Detail (Determine 1).

A number one function of the drilling finished next to the August 2024 Mineral Useful resource Estimate (“MRE”) on the CV5 Spodumene Pegmatite, is to focus on the improve of Inferred sources to Indicated sources, which correlates to a extra tough Mineral Useful resource with a better self assurance classification required for a Feasibility Learn about.

Subsequently, the summer-fall infill drill program centered the Inferred labeled MRE blocks incorporated within the August 2024 PEA mine plan, along with the ones defined via ongoing Undertaking optimizations. Roughly 52,300 m (154 holes) had been finished at CV5 as a part of this program, which spanned successfully all of the 4.6 km collision field of CV5 at numerous depths (Determine 2, Determine 3, Determine 4, Determine 5,  and Determine 6). This drilling used to be finished on agenda in early October with all pattern batches having now been gained on the laboratory. Assays gained from the lab to time are being compiled and might be reported in bulk in a next information leave.

The geological fashion for the CV5 Spodumene Pegmatite is still subtle in response to the infill drilling knowledge and core assay effects as they’re gained. As soon as validated within the fall, this geological fashion will underpin a labeled restrain fashion for handoff to the Corporate’s distant engineering experts and impaired for ultimate design within the Feasibility Learn about mine plan.

Given the enhanced geological self assurance anticipated from the in depth 2024 infill drill program at CV5, the majority useful resource building drilling is now in large part whole which means general drilling expenditure might be diminished considerably from the tip of the 3rd quarter 2025.

Along with the CV5 infill drill program, a complete of roughly 10,000 m (33 holes) had been finished on the CV13 Spodumene Pegmatite. Those holes centered an extension of the high-grade Vega Zone, found out within the ultimate days of the 2024 wintry weather program (see information releases dated May 6 and July 7, 2024). Effects from the wintry weather drill program come with 51.7 m at 1.77% Li₂O, together with 9.7 m at 5.16% Li₂O (CV24-525) and 34.4 m at 2.90% Li₂O, together with 21.9 m at 3.58% Li₂O (CV24-470). Effects from the summer-fall drill program at CV13 might be reported in a next information leave as soon as all assays were gained.

Drill Exploration (Geotechnical, Hydrogeological, and Geomechanical)

The geotechnical, hydrogeological, and geomechanical campaigns have all been designed to underpin a Feasibility Learn about for the CV5 Spodumene Pegmatite on the Detail. Subsequently, an important quantity of knowledge assortment has been finished right through 2024, with the immense majority being finished all over the continuing summer-fall program.

Geotechnical

The geotechnical marketing campaign on the Undertaking started in June of this yr and is expected to be finished inside the then two weeks. The marketing campaign comprises over 60 drill holes, of which an important choice of them have additionally been applied to bundle hydrogeological data. Geotechnical drill holes had been finished over proposed infrastructure places together with the method plant, mining camp, stockpiles, misuse rock and tailings control amenities, in addition to the envisioned open-pit (Determine 7 and Determine 8).

In every drill hollow the overburden profile and footing contacts were assessed in addition to numerous samples of overburden and footing amassed for granulometry and alternative particular research. The information amassed will tell the advance of the numerous infrastructure websites together with bearing capability, substructure sort, and create situations.

Hydrogeological

The hydrogeological marketing campaign for the Undertaking started in 2023 with a initial hydrogeological fashion produced for the open-pit and underground building boxes. This marketing campaign used to be considerably expanded in 2024, starting in June, and is expected to be finished inside the then two weeks. The major function of the marketing campaign is to symbolize the shallow and deep groundwater current regime over the Undertaking segment. This comprises measuring H2O ranges and defining the hydraulic homes of the numerous rock varieties and overburden right through the Undertaking segment, with a robust focal point at the quick CV5 Store segment.

The 2024 hydrogeological program is produced from over 60 drills holes, together with 3 (3) greater diametre holes – one (1) PQ hollow (122.6 mm hollow diametre) and two (2) 6-inch holes – appropriate for lengthy length pumping assessments. Those hydrogeological targeted holes had been finished over proposed infrastructure places together with the method plant, mining camp, stockpiles, misuse rock and tailings control amenities, in addition to the envisioned open-pit and underground building boxes of the CV5 Pegmatite.

Diverse datasets were derived from the assessments carried out in those drill holes and comprises piezometric surveys, slug assessments, packer assessments, and groundwater sampling. Tracking wells had been put in (Determine 9), finished and examined in additional than 35 holes. Packer checking out used to be carried out in 12 holes to outline the hydraulic conductivity of rock at depths starting from 10 to 300 metres. Lengthy-duration pumping assessments had been finished at a number of places together with a 6-day pump check from a 6-inch hollow finished at CV5 to amassed pit-dewatering knowledge (Determine 10). H2O ranges and H2O property had been recorded all over the check within the pumping hollow in addition to more than one alternative neighbouring holes/lakes. The effects might be impaired to outline the hydraulic homes of the rock, radius of affect, and supply of H2O all over the dewatering check.

Geomechanical

The geomechanical marketing campaign started in March 2024 with six (6) holes and persevered this summer-fall with an backup 8 (8) holes. All the drill holes taken with CV5 and had been finished at numerous orientations to perfect seize structural and rock sort touch knowledge of the pegmatite understructure and striking partitions in addition to the numerous host rock devices (Determine 11). Level load checking out used to be finished on drill core in addition to numerous samples amassed for uniaxial compressive energy, triaxial, direct shear, and alternative laboratory checking out.   

Moreover, the Corporate has amassed visible and acoustic televiewer (“OTV-ATV”) knowledge from greater than 30 drill holes (Determine 12 and Determine 13). The televiewer knowledge avoids the will for orientated core, which is the extra era eating and expensive extra means. This dataset at once informs the geological and structural fashions.

The geomechanical knowledge amassed might be impaired to determine rock mechanics area parameters, which is able to assistance open-pit and underground mine design at CV5 for the pending Feasibility Learn about.

Floor Exploration

The skin exploration program used to be finished in early October and incorporated centered geological traverses of potential lithium pegmatite corridors alongside the CV Lithium Development, channel sampling of Li-Cs-Ta (“LCT”) pegmatite outcrop, and geological mapping of the CV5 and CV13 spodumene pegmatites. The main function of this system is to tell the CV5 geological and restrain fashions in assistance of the Feasibility Learn about.

A complete of 350 m of channel sampling used to be finished over the CV5 (116 m), CV13 (157 m), and CV14 (77 m) spodumene pegmatites (Determine 14 and Determine 15). The form and means of the channel sampling permits for the channels to be handled successfully as horizontal drill holes for the needs of modelling and useful resource estimation, thereby offering vital floor keep an eye on.

A complete of 646 floor rock samples had been amassed as a part of the prospecting and mapping program. The sampling coated numerous objectives over the central and western boxes of the Detail, with geological mapping targeted basically at CV5 and to a lesser extent at CV13. Effects might be reported in a next information leave as soon as all assays were gained.

Then Steps

The 2024 summer-fall garden paintings has revealed probably the most expansive exploration and building process at website to time. The actions at website are anticipated to wrap up for the season in November, adopted via ultimate dataset validation and integration into the overarching Feasibility Learn about being complicated for CV5. The abstract experiences, fashions, datasets, and trade-off research on account of the summer-fall program will tell any difference Feasibility degree paintings that can be required for the 2025 winter-spring length.

The Corporate extra on agenda for the 3rd quarter 2025 Feasibility Learn about final touch at the CV5 Spodumene Pegmatite.

Certified/Competent Individual

The ideas on this information leave that pertains to exploration effects for the Shaakichiuwaanaan Detail is in response to, and rather represents, data compiled via Mr. Darren L. Smith, M.Sc., P.Geo., who’s a Certified Individual as outlined via Nationwide Tool 43-101 – Requirements of Disclosure for Mineral Initiatives, and member in excellent status with the Ordre des Géologues du Québec (Geologist Allow quantity 01968), and with the Affiliation of Skilled Engineers and Geoscientists of Alberta (member quantity 87868). Mr. Smith has reviewed and authorized the technical data on this information leave.

Mr. Smith is and Government and Vice President of Exploration for Patriot Battery Metals Inc. and holds usual stocks and choices within the Corporate.

Mr. Smith has enough revel in, which is related to the way of mineralization, form of vault into account, and to the actions being undertaken to qualify as a Competent Individual as described via the Australasian Code for Reporting of Exploration Effects, Mineral Assets and Ore Reserves (the JORC Code). Mr. Smith concurs to the inclusion on this information leave of the issues in response to his data within the mode and context through which apparently.

About Patriot Battery Metals Inc.

Patriot Battery Metals Inc. is a hard-rock lithium exploration corporate taken with advancing its district-scale 100%-owned Shaakichiuwaanaan Detail (previously referred to as Corvette) situated within the Eeyou Istchee James Bay patch of Quebec, Canada, which is obtainable year-round via all-season street and is proximal to regional powerline infrastructure. The Shaakichiuwaanaan Mineral Useful resource¹, which incorporates the CV5 & CV13 spodumene pegmatites, totals 80.1 Mt at 1.44% Li₂O Indicated, and 62.5 Mt at 1.31% Li₂O Inferred, and ranks as the biggest lithium pegmatite useful resource within the Americas, and the 8^th greatest lithium pegmatite useful resource on this planet. Moreover, the Shaakichiuwaanaan Detail hosts more than one alternative spodumene pegmatite clusters that stay to be drill examined, in addition to vital boxes of potential pattern that stay to be assessed.

¹ Shaakichiuwaanaan (CV5 & CV13) Mineral Useful 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 nil.80% Li₂O (underground CV13) with an Efficient Generation of August 21, 2024 (via drill hollow CV24-526). Mineral Assets don’t seem to be Mineral Reserves as they don’t have demonstrated financial viability.

For additional data, please touch us at [email protected] or via calling +1 (604) 279-8709, or consult with www.patriotbatterymetals.com. Please additionally the following the Corporate’s steady disclosure filings, to be had beneath its profile at www.sedarplus.ca and www.asx.com.au, for to be had exploration knowledge.

This information leave has been authorized via the Board of Administrators.

“KEN BRINSDEN”                                          

Kenneth Brinsden, President, CEO, & Managing Director

Disclaimer for Ahead-looking Knowledge

This information leave incorporates “forward-looking information” or “forward-looking statements” inside the which means of appropriate securities rules and alternative statements that don’t seem to be ancient details. Ahead-looking statements are incorporated to handover details about control’s wave expectancies and plans that permits buyers and others to have a greater figuring out of the Corporate’s industry plans and monetary efficiency and situation.

All statements, alternative than statements of ancient reality incorporated on this information leave, in regards to the Corporate’s technique, moment operations, technical tests, potentialities, plans and goals of control are forward-looking statements that contain dangers and uncertainties. Ahead-looking statements are usually known via phrases reminiscent of “plan”, “expect”, “estimate”, “intend”, “anticipate”, “believe”, or permutations of such phrases and words or statements that positive movements, occasions or effects “may”, “could”, “would”, “might” or “will” be taken, happen or be completed. Ahead-looking statements on this leave come with, however don’t seem to be restricted to, statements relating to: the 2024 drill marketing campaign, together with the consequences thereof, the timing of leave of an up to date Mineral Useful resource Remark, the timing of leave of the abstract of the environmental garden techniques, the possibility of the Undertaking, and the timing of the Feasibility Learn about and ESIA leave.

Ahead-looking data is based totally upon positive guesses and alternative noteceable components that, if unfaithful, may reason the fresh effects, efficiency or achievements of the Corporate to be materially other from moment effects, efficiency or achievements expressed or implied via such data or statements. There can also be disagree promise that such data or statements will turn out to be correct. Key guesses upon which the Corporate’s forward-looking data is based totally come with, with out limitation, that proposed exploration and mineral useful resource estimate paintings at the Detail will proceed as anticipated, the accuracy of hold and useful resource estimates, the classification of sources between inferred and the guesses on which the hold and useful resource estimates are based totally, long-term call for for spodumene provide, and that exploration and building effects proceed to assistance control’s wave plans for Detail building and expectancies for the Undertaking.

Readers are cautioned that the foregoing listing isn’t exhaustive of all components and guesses which could have been impaired. Ahead-looking statements also are topic to dangers and uncertainties going through the Corporate’s industry, any of which can have a subject matter opposed impact at the Corporate’s industry, monetary situation, result of operations and enlargement potentialities. One of the crucial dangers the Corporate faces and the uncertainties that would reason fresh effects to vary materially from the ones expressed within the forward-looking statements come with, amongst others, the facility to blast on plans with regards to the Corporate’s Undertaking, together with the timing thereof. As well as, readers are directed to rigorously evaluate the graphic possibility dialogue within the Corporate’s most up-to-date Annual Knowledge Method filed on SEDAR+, which dialogue is integrated via reference on this information leave, for a fuller figuring out of the dangers and uncertainties that impact the Corporate’s industry and operations.

Even though the Corporate believes its expectancies are based totally upon affordable guesses and has tried to spot noteceable components that would reason fresh movements, occasions or effects to vary materially from the ones described in forward-looking statements, there is also alternative components that reason movements, occasions or effects to not be as expected, estimated or supposed. There can also be disagree promise that forward-looking data will turn out to be correct, as fresh effects and moment occasions may vary materially from the ones expected in such data. As such, those dangers don’t seem to be exhaustive; alternatively, they will have to be thought to be moderately. If any of those dangers or uncertainties materialize, fresh effects would possibly range materially from the ones expected within the forward-looking statements discovered herein. Because of the dangers, uncertainties and guesses inherent in forward-looking statements, readers will have to no longer park undue reliance on forward-looking statements.

Ahead-looking statements contained herein are introduced to bring about helping buyers in figuring out the Corporate’s industry plans, monetary efficiency and situation and is probably not suitable for alternative functions.

The forward-looking statements contained herein are made simplest as of the time hereof. The Corporate disclaims any aim or legal responsibility to replace or revise any forward-looking statements, whether or not on account of brandnew data, moment occasions or differently, aside from to the level required via appropriate regulation. The Corporate qualifies all of its forward-looking statements via those cautionary statements.

Competent Individual Remark (ASX Record Rule 5.23)

The mineral useful resource estimate on this leave used to be reported via the Corporate in response to ASX Record Rule 5.8 on August 5, 2024. The Corporate confirms that, as of the time of this announcement, it’s not conscious about any brandnew data or knowledge verified via the competent person who materially impacts the tips incorporated within the announcement and that each one subject matter guesses and technical parameters understructure the estimates within the announcement proceed to use and feature no longer materially modified. The Corporate confirms that, as on the time of this announcement, the mode and context through which the competent user’s findings are introduced have no longer been materially changed from the latest marketplace announcement. 

SOURCE Patriot Battery Metals Inc.

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