11:29 AM EST, 11/27/2024 (MT Newswires) -- Patriot Battery Metals ( PMETF ) late on Tuesday said it completed its summer-fall in-fill and development drill programs at the CV5 spodumene pegmatite deposit to support an ongoing feasibility study.

High-grade mineralized intercepts from the drill program include 100.5 meters at 1.62% lithium oxide.

Expansive geotechnical and hydrogeological drill campaigns are also now largely complete at CV5 and at proposed infrastructure development sites, the company said.

Patriot expects to deliver the feasibility study and a maiden ore reserve estimate for CV5 on schedule in the third quarter of 2025.

The CV5 spodumene pegmatite deposit is part of Patriot's Shaakichiuwaanaan property in Quebec.

Patriot shares were last seen down $0.07 to $2.33 on the Toronto Stock Exchange,

Price: 2.33, Change: -0.07, Percent Change: -2.92