Patriot Lithium
Primary ticker: ASX:PAT
Stage of development: Exploration
Primary minerals: Lithium
Project location: Canada & USA
Website: www.patriot-lithium.com
Patriot is exploring for high-grade, district-scale lithium projects.
The Gorman Lithium Project is 355 km2 and is along strike from Frontier Lithium’s (TSXV: FL) tier-one PAK lithium project, one of North America’s largest and highest grade spodumene resources. Sawn channel samples at Gorman include 5.0 metres @ 2.0% Li2O, 5.0 metres @ 1.7% Li2O and 12.8 metres @ 1.3% Li2O. Drilling permit has been approved
Cash: AUD$1.64M
Debt: Nil
Major shareholders:
OLIVER KREUZER – 5.78%
MATTHEW GAUCI – 5.67%
CITYSCAPE ASSET PTY LTD <CITYSCAPE FAMILY A/C> – 5.40%
PHILIP ANDREW THICK – 2.86%
J P MORGAN NOMINEES AUSTRALIA PTY LIMITED – 2.76%
Major shareholders – 7.46%
Financials
Management Profile
Hugh Warner, Chairman
Mr Warner is a corporate professional with over 30 years of public company experience across the ASX, LSE, AIM and NASDAQ, including as Chairman of Prospect Resources Limited (Prospect). Under his leadership, Prospect acquired, explored and developed the Arcadia lithium project in Zimbabwe into one of the largest lithium deposits in Africa, with proven and probable ore reserves estimated at 42.3Mt at 1.19% Li2O. Subsequent to his involvement, the Arcadia deposit was sold and has evolved to become the largest operating lithium mine in Africa
Chris Hilbrands, Company Secretary
Mr Hilbrands is a Chartered Accountant with over 15 years of public company experience across the ASX and AIM, including as CFO of Prospect Resources Limited.,
What is your rationale for taking part 121 Mining Investment?
Patriot is looking to increase its profile and awareness. The company is in its exploration phase, so is always looking for new investors.
What recent news would you like to highlight to investors attending?
14 March – Maiden Drilling Permit Approval at Gorman
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Maiden drilling at Gorman Lithium Project
6 Months:
Exploration target at Gorman Lithium Project
12 Months:
Resource definition at Gorman Lithium Project and drilling at Wickenburg Lithium Project
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Patriot has very prospective lithium targets that need to be tested by drilling. A key risk is that the drilling does not intersect significant lithium mineralisation. The Company will continue to explore the remainder of the Gorman Lithium Project
What do you think makes your company such a compelling investment?
The opportunity for grade and scale at the Gorman Lithium Project which is not factored into the Company’s market cap.
What are the top 3 key investor takeaways?
1) Proven management team
2) Proven lithium fairway at the Gorman Lithium Project
3) Opportunity to revalue the Company upon drilling the Gorman Lithium Project