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An announcement from Patriot Lithium Ltd. ( (AU:PAT) ) is now available.
Patriot Resources Limited has completed the acquisition of 100% of the Tassa Silver-Gold Project in southern Peru, adding a high-grade, silver-dominant asset with an inferred JORC resource of 31.4 million ounces silver equivalent at 52.68 grams per tonne. The project hosts 25.5 million ounces of silver with polymetallic credits, and mineralisation begins at surface and remains open in all directions, underpinned by a 2.8 kilometre mineralised corridor offering substantial expansion potential.
Within the Tassa system, the high-grade Zone S2, averaging roughly 102 grams per tonne silver equivalent, has been identified as a priority growth target, remaining open along strike and at depth. Patriot plans a Phase 1 drilling program in 2026 to infill and extend high-grade corridors, aiming to grow the resource base, convert more ounces, and strengthen its position as a leveraged silver producer in a market supported by structural supply constraints and rising industrial demand.
The most recent analyst rating on (AU:PAT) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Patriot Lithium Ltd. stock, see the AU:PAT Stock Forecast page.
More about Patriot Lithium Ltd.
Patriot Resources Limited is an Australian mineral exploration and development company focused on precious and base metals. The company is positioning itself as an emerging silver growth player, with a particular focus on high-grade, silver-dominant projects that offer open-pit potential and strong leverage to long-term industrial demand for silver.
Average Trading Volume: 793,357
Technical Sentiment Signal: Hold
Current Market Cap: A$12.22M
For a thorough assessment of PAT stock, go to TipRanks’ Stock Analysis page.