Eye on Lithium: PMT begins monster drilling campaign in James Bay

PMT flies the flag today in Canada’s James Bay, kicking off a monster drill campaign
Fin Resources, Torque Metals and TG Metals, among others, also have news
Cabbage is a potent natural source of lithium, because there’s meant to be three bullet points here.

Your lithium roundup for Wednesday January 17.

Leading the biggish-gun lithium news today, Patriot Battery Metals (ASX:PMT) has announced the largest lithium drill campaign in Quebec – Canada’s hottest “white gold” province – is now underway.

The 2024 drill campaign at the $420m company’s Corvette property is targeting a minimum of 45,000m over the January to April period – the winter program.

At least 10 drill rigs are lined up for spinning for the four months, which defines it as a large-scale undertaking.

How’s this work in the depths of a finger-freezing, organ-shrivelling Canadian winter? PMT reports the winter access road is fully operable at this stage, reducing the dependency on choppers, so the expectation is the per-metre cost shouldn’t be overly high.

Core assay results remain to be reported for more than 125 drill holes, including ~1.5 km of prospective pegmatite trend across the CV5 and CV13 pegmatites.

An updated mineral resource estimate won’t be coming from PMT until later in the year, third quarter.

Situated in the Eeyou Istchee James Bay region of Quebec, PMT’s Corvette Property is Patriot Battery Metals flagship project.

Its CV5 Spodumene Pegmatite, has an impressive MRE – 109.2 Mt at 1.42% Li2O and 160 ppm Ta2O5 (tantalum pentoxide) inferred.

Also making news

Fin Resources (ASX:FIN)

FIN has identified multiple pegmatite trends across new claims at its Cancet West project in James Bay, Canada. Trends appear associated with Lac Guyer greenstone belt, which hosts the Cancet and Corvette deposits.

Also, the company notes that approvals for its initial highly anticipated drilling of its White Bear site are expected soon.

Wednesday: FULLY CHARGED

Anson Resources (ASX:ASN) +21%

Intra Energy (ASX:IEC) +20%

Fin Resources (ASX:FIN) +19%

Wednesday: RUNNING LOW

Woomera Mining (ASX:WML) -14%

Red Mountain Mining (ASX:RMX) -14%

Iceni Gold (ASX:ICL) -13%

ASX lithium form guide:

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop. (Note: figures accurate per ASX at 3pm.)

Stocks missing from this list? Email [email protected] and [email protected]

CODE COMPANY TODAY WEEK 1 MONTH % 12 MONTH % PRICE MARKET CAP ADV Ardiden Ltd 0% -6% 3% -51% 0.17 $10,627,976 AGY Argosy Minerals Ltd 5% -8% -8% -82% 0.115 $154,484,825 1MC Morella Corporation 13% -18% -25% -68% 0.0045 $24,715,198 AML Aeon Metals Ltd. 0% 11% 11% -63% 0.01 $10,964,006 ASN Anson Resources Ltd 21% 4% -14% -40% 0.12 $127,288,178 AVZ AVZ Minerals Ltd 0% 0% 0% 0% 0.78 $2,752,409,203 CXO Core Lithium -5% 3% -34% -81% 0.2 $448,756,464 EMH European Metals Hldg 0% -13% -39% -50% 0.33 $41,657,720 EUR European Lithium Ltd -4% 3% 35% 3% 0.089 $129,664,243 GLN Galan Lithium Ltd -2% -13% 2% -51% 0.58 $208,548,645 INF Infinity Lithium 2% 2% -4% -22% 0.098 $44,408,841 INR Ioneer Ltd -9% -6% 7% -78% 0.1225 $285,040,640 JLL Jindalee Lithium Ltd 2% 13% 33% -42% 1.08 $63,817,073 LIT Lithium Australia 0% 3% 0% -39% 0.03 $36,665,750 LKE Lake Resources -5% -13% -19% -87% 0.105 $156,468,918 LPD Lepidico Ltd -6% -6% -6% -56% 0.0075 $61,106,464 LPI Lithium Pwr Int Ltd 0% 0% 3% 16% 0.5575 $355,493,683 LTR Liontown Resources -3% -12% -7% -10% 1.345 $3,342,338,962 MIN Mineral Resources. 0% -11% -10% -32% 59.975 $11,679,955,852 MLS Metals Australia 0% 3% 3% -27% 0.035 $21,841,267 AKE Allkem Limited 0% 0% 18% -13% 9.83 $6,304,350,967 PLL Piedmont Lithium Inc -7% -18% -32% -64% 0.31 $129,279,348 PLS Pilbara Min Ltd -3% -9% -11% -13% 3.495 $10,834,084,602 QPM Queensland Pacific -3% -5% -5% -58% 0.0485 $100,627,016 PSC Prospect Res Ltd 0% -2% 2% -32% 0.085 $39,383,217 RLC Reedy Lagoon Corp. 0% 0% 0% -53% 0.005 $3,097,704 SYA Sayona Mining Ltd -6% -18% -29% -80% 0.046 $504,371,505 TKL Traka Resources 0% 0% -36% -64% 0.002 $1,750,659 TON Triton Min Ltd 0% -13% -5% -43% 0.021 $32,789,246 VUL Vulcan Energy -1% -11% -17% -70% 2.11 $368,236,237 GL1 Globallith -8% -33% -53% -72% 0.615 $173,076,424 BMM Balkanminingandmin 0% 0% -5% -69% 0.1 $7,104,051 LEL Lithenergy 0% -5% -10% -34% 0.52 $53,565,200 ARN Aldoro Resources -2% -9% 6% -63% 0.088 $12,116,137 NMT Neometals Ltd -1% 4% -1% -80% 0.1825 $115,197,708 IGO IGO Limited -1% -13% -17% -50% 7.38 $5,641,645,207 AAJ Aruma Resources Ltd 0% 4% 4% -67% 0.027 $5,316,071 PAM Pan Asia Metals -6% 0% 23% -59% 0.16 $28,528,852 AX8 Accelerate Resources -3% -11% -23% 19% 0.031 $18,339,256 AM7 Arcadia Minerals 0% 1% -10% -68% 0.07 $7,633,507 AS2 Askarimetalslimited -12% -12% -21% -77% 0.15 $13,251,536 BYH Bryah Resources Ltd 0% -7% 4% -47% 0.013 $5,636,894 EMS Eastern Metals 0% 0% 9% -54% 0.036 $2,967,345 FG1 Flynngold -4% 4% 15% -43% 0.055 $8,306,282 FRS Forrestaniaresources -3% 17% 13% -79% 0.035 $5,824,287 GSM Golden State Mining 0% -8% -25% -77% 0.012 $3,352,448 IMI Infinitymining 0% 8% -10% -51% 0.13 $15,437,941 LRV Larvottoresources 3% 1% -13% -54% 0.069 $14,981,980 MMC Mitremining -5% -13% -11% -26% 0.21 $12,471,278 RAG Ragnar Metals Ltd 0% -8% 5% 72% 0.023 $10,901,562 CTN Catalina Resources 0% -13% -30% -61% 0.0035 $4,334,704 TMB Tambourahmetals 0% -4% -15% 0% 0.11 $9,123,439 TEM Tempest Minerals 0% 0% 0% -70% 0.008 $4,152,995 EMC Everest Metals Corp 3% -4% 1% -25% 0.082 $13,062,649 WCN White Cliff Min Ltd -11% 60% 60% 7% 0.016 $22,983,468 WML Woomera Mining Ltd -14% -25% -36% -5% 0.018 $25,580,919 AZL Arizona Lithium Ltd 0% -7% -33% -61% 0.026 $97,678,643 CRR Critical Resources -6% -15% -15% -61% 0.017 $32,001,305 KGD Kula Gold Limited 0% -19% -19% -52% 0.013 $5,451,755 LRS Latin Resources Ltd 2% -2% 2% 96% 0.235 $642,575,426 PNN Power Minerals Ltd -3% -7% -14% -66% 0.19 $17,038,340 WR1 Winsome Resources 1% -16% -30% -60% 0.725 $136,411,311 KZR Kalamazoo Resources 0% -25% 0% -50% 0.105 $18,166,872 MTM MTM Critical Metals 7% -30% 281% 1% 0.08 $7,457,781 QXR Qx Resources Limited 0% -9% -16% -59% 0.021 $23,311,635 SCN Scorpion Minerals 0% -3% -21% -57% 0.03 $12,283,686 AZI Altamin Limited 13% 9% 21% -20% 0.063 $23,974,829 ENT Enterprise Metals 0% 0% 0% -56% 0.004 $3,207,884 KAI Kairos Minerals Ltd -7% -7% -13% -40% 0.013 $36,692,771 STM Sunstone Metals Ltd -4% -12% -12% -73% 0.0115 $41,852,819 PGD Peregrine Gold 0% -8% 28% -41% 0.295 $19,763,962 AVW Avira Resources Ltd 0% 0% 100% -33% 0.002 $4,267,580 NVA Nova Minerals Ltd 0% -4% -17% -52% 0.325 $68,539,237 GT1 Greentechnology -3% -22% -26% -79% 0.195 $63,450,419 BNR Bulletin Res Ltd 10% -21% -8% 5% 0.11 $29,361,332 CAI Calidus Resources -6% 4% 19% -47% 0.2075 $134,710,617 MRR Minrex Resources Ltd 7% 0% -12% -61% 0.015 $15,188,145 A8G Australasian Metals -4% -10% -10% -34% 0.135 $7,296,869 EFE Eastern Resources 0% 0% -11% -56% 0.008 $9,935,572 MQR Marquee Resource Ltd 0% -8% -14% -48% 0.024 $9,921,225 SRZ Stellar Resources 8% -19% -19% -54% 0.0065 $6,894,159 LSR Lodestar Minerals 0% 17% -13% -30% 0.0035 $7,081,891 NWM Norwest Minerals -4% -24% -4% -61% 0.026 $7,764,377 AOA Ausmon Resorces 0% 0% 0% -50% 0.003 $3,020,998 VKA Viking Mines Ltd 0% 0% 25% 88% 0.015 $15,378,876 IPT Impact Minerals -4% -8% 20% 50% 0.012 $35,808,799 SRI Sipa Resources Ltd -7% 4% -10% -40% 0.026 $6,388,428 VMC Venus Metals Cor Ltd 0% -5% -13% 23% 0.1 $18,972,868 RGL Riversgold 5% -13% -13% -63% 0.0105 $9,676,615 ZNC Zenith Minerals Ltd -3% 36% 3% -32% 0.17 $61,666,655 RAS Ragusa Minerals Ltd -5% 19% 3% -68% 0.038 $5,703,951 G88 Golden Mile Res Ltd -6% -11% -6% -20% 0.017 $5,929,011 EPM Eclipse Metals 0% 29% 29% -57% 0.009 $18,562,988 EVR Ev Resources Ltd 8% 0% 44% -13% 0.013 $13,195,060 WC8 Wildcat Resources 0% -19% -28% 1588% 0.54 $645,752,586 MNS Magnis Energy Tech 0% 0% 0% -90% 0.042 $50,378,922 RIO Rio Tinto Limited 0% -4% -5% 4% 126.54 $47,018,245,665 THR Thor Energy PLC -3% 34% 50% -35% 0.039 $7,441,453 YAR Yari Minerals Ltd 0% 0% 22% -39% 0.011 $5,305,936 MXR Maximus Resources 8% 24% 20% -2% 0.042 $12,516,885 DRE Dreadnought Resources Ltd -4% -4% -16% -74% 0.026 $93,934,970 MM1 Midasmineralsltd 4% -4% 4% -26% 0.13 $10,843,406 M2R Miramar 0% 20% 11% -61% 0.03 $4,466,086 LLI Loyal Lithium Ltd 0% -12% 8% -7% 0.335 $27,901,252 LRD Lordresourceslimited 0% 9% -11% -67% 0.062 $2,302,192 WMC Wiluna Mining Corp 0% 0% 0% 0% 0.205 $74,238,031 AUN Aurumin -3% 15% 41% -52% 0.031 $11,470,179 ZEO Zeotech Limited 0% -3% -20% -38% 0.028 $48,535,846 ALY Alchemy Resource Ltd 0% -10% -10% -50% 0.009 $10,602,686 LIS Lisenergylimited 17% 2% -17% -59% 0.1575 $86,427,031 GW1 Greenwing Resources 0% -13% 17% -68% 0.105 $18,296,406 KTA Krakatoa Resources 5% -33% -46% -49% 0.022 $9,914,252 TYX Tyranna Res Ltd 0% 0% 0% -28% 0.0165 $54,242,518 DAF Discovery Alaska Ltd 8% 0% 59% -4% 0.027 $5,855,867 FTL Firetail Resources 0% -10% -22% -56% 0.064 $9,529,956 IR1 Irismetals -10% -15% -29% -37% 0.73 $105,530,260 LNR Lanthanein Resources -10% -18% -10% -59% 0.009 $12,898,119 DAL Dalaroometalsltd 0% 4% 14% -72% 0.025 $2,068,750 TKM Trek Metals Ltd 0% 3% -11% -44% 0.04 $20,523,074 CY5 Cygnus Metals Ltd 0% -9% -19% -73% 0.105 $30,613,710 TUL Tulla Resources 0% -100% -100% -100% 0 $118,262,971 WES Wesfarmers Limited 0% 0% 4% 17% 57.06 $64,625,421,186 LLL Leolithiumlimited 0% 0% 0% -9% 0.505 $498,553,663 OCN Oceanalithiumlimited 2% -14% -25% -81% 0.0865 $4,596,503 A11 Atlantic Lithium 0% 0% -17% -38% 0.405 $255,321,509 CMD Cassius Mining Ltd 0% 6% 9% 76% 0.037 $18,596,591 VSR Voltaic Strategic 0% -16% -24% -45% 0.016 $7,729,662 SGQ St George Min Ltd 0% -6% -6% -54% 0.033 $32,476,246 LLO Lion One Metals Ltd -3% 1% -3% -17% 0.93 $14,712,692 PAT Patriot Lithium -3% -14% -23% -47% 0.155 $10,962,741 PL3 Patagonia Lithium 0% 0% 8% 0% 0.13 $6,386,705 BUR Burleyminerals -11% -17% -26% -48% 0.125 $14,461,546 CHR Charger Metals 0% 6% -3% -63% 0.17 $13,161,443 RMX Red Mount Min Ltd -14% 0% 0% -40% 0.003 $9,357,516 DLI Delta Lithium -7% -22% -44% -40% 0.28 $213,545,893 LM1 Leeuwin Metals Ltd -11% 0% -19% 0% 0.125 $6,559,234 ENT Enterprise Metals 0% 0% 0% -56% 0.004 $3,207,884 FIN FIN Resources Ltd 19% -14% 0% 19% 0.019 $10,388,299 DTM Dart Mining NL 0% 0% 0% -73% 0.016 $3,641,274 NIS Nickelsearch -13% -32% -38% -69% 0.047 $11,531,292 EG1 Evergreenlithium -7% -15% -26% 0% 0.14 $8,434,500 MAN Mandrake Res Ltd 18% 18% 2% -2% 0.045 $23,398,877 FBM Future Battery 12% -4% -3% 18% 0.066 $31,491,603 XTC XTC Lithium Limited 0% 19900% 19900% -67% 0.2 $17,528,272 LPM Lithium Plus -2% -19% -35% -31% 0.255 $22,356,932 KOB Kobaresourceslimited 17% 40% 18% -26% 0.098 $8,855,000 EMC Everest Metals Corp 3% -4% 1% -25% 0.082 $13,062,649 LRD Lordresourceslimited 0% 9% -11% -67% 0.062 $2,302,192 IEC Intra Energy Corp 20% -25% 0% -57% 0.003 $4,151,954 REC Rechargemetals 0% -3% -10% -32% 0.089 $9,910,326 SLM Solismineralsltd -8% -23% -17% 20% 0.12 $10,192,092 AZS Azure Minerals 0% 0% 2% 1128% 3.685 $1,683,354,040 DYM Dynamicmetalslimited 0% 3% 14% -16% 0.16 $5,600,000 TOR Torque Met 2% -11% 2% 31% 0.21 $27,372,437 SBR Sabre Resources 4% 0% 0% -40% 0.029 $10,138,485 ICL Iceni Gold -13% -14% 0% -57% 0.056 $15,638,857 TMX Terrain Minerals 0% 33% 50% 0% 0.006 $8,120,567 MHC Manhattan Corp Ltd 0% 25% 25% -17% 0.005 $14,684,899 MHK Metalhawk. -11% 4% -4% -19% 0.125 $13,918,022 NKL Nickelxltd -3% -22% -10% -57% 0.036 $3,249,161 TMB Tambourahmetals 0% -4% -15% 0% 0.11 $9,123,439 ANX Anax Metals Ltd -4% -14% -25% -63% 0.024 $12,087,941 PMT Patriotbatterymetals -3% -17% -29% -12% 0.835 $433,440,138 BM8 Battery Age Minerals 0% -9% 5% -60% 0.2 $17,827,398 L1M Lightning Minerals 0% -4% -21% -38% 0.115 $4,855,882 ADG Adelong Gold Limited 0% 0% 0% -29% 0.005 $3,498,278 TOR Torque Met 2% -11% 2% 31% 0.21 $27,372,437 AL8 Alderan Resource Ltd 0% 0% -9% -38% 0.005 $5,534,307 OZM Ozaurum Resources -5% -13% -5% 40% 0.105 $17,462,500 FL1 First Lithium Ltd -6% -28% -23% 72% 0.31 $23,117,050 PLN Pioneer Lithium -3% -8% -13% 0% 0.175 $5,116,500 WYX Western Yilgarn NL 3% -3% 0% -17% 0.095 $4,568,490 RDN Raiden Resources Ltd -6% -17% -9% 426% 0.03 $85,010,083 PFE Panteraminerals -2% 12% -7% -62% 0.055 $7,426,863 GRE Greentechmetals 0% -16% -28% 169% 0.35 $28,270,394 OLY Olympio Metals Ltd 0% -5% -14% -41% 0.095 $6,041,952 SUM Summitminerals 6% 0% -5% -29% 0.1 $4,479,770 JBY James Bay Minerals 2% -2% -15% 0% 0.255 $8,111,250 SCN Scorpion Minerals 0% -3% -21% -57% 0.03 $12,283,686 JNO Juno 0% -5% 5% 7% 0.105 $19,104,252 CC9 Chariot Corporation 5% -19% -25% 0% 0.44 $30,799,259 OBM Ora Banda Mining Ltd -1% -2% 9% 150% 0.235 $405,357,844 RON Roninresourcesltd 0% -3% -26% -3% 0.16 $5,892,002 ASR Asra Minerals Ltd 0% 17% -13% -65% 0.007 $11,455,470 TG6 Tgmetalslimited -2% -21% -30% 139% 0.275 $15,144,127 HAW Hawthorn Resources 0% 0% 1% -9% 0.1 $33,501,561 KM1 Kalimetalslimited 12% 5% 0% 0% 0.55 $37,407,627 AEV Avenira Limited 0% 0% -8% -43% 0.012 $26,058,859

WordPress Table Plugin

The post Eye on Lithium: PMT begins monster drilling campaign in James Bay appeared first on Stockhead.