Gorman Lithium Project: Placement Settled, Drilling Ready

Patriot Lithium Limited (ASX: PAT) announces the settlement of Tranche 1 of a AU$2.5 million share placement, with Tranche 2 pending shareholder approval. The company is set to commence its maiden drilling program at the Gorman Lithium Project after finalizing major drilling contracts. Anticipating potential dry conditions, they've designed a swift activation drill program, using an RC rig for efficiency, albeit limited depth.

The program aims to extend lithium mineralization up to 150m depth based on previous channel samples. With approval for over 15 drill pad locations, they'll explore the 5.2km long spodumene-bearing trend. Situated on the Bearhead Lake Fault, the project is strategically located near Frontier Lithium’s deposits.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com