CORVETTE PROPERTY
Corvette Property, CV5 Spodumene Pegmatite (moving west)
CV5 Spodumene Pegmatite at the Corvette Property is Strategically Located in the James Bay Region of Northern Quebec
Situated within the La Grande Greenstone Belt, the Corvette Property hosts significant mineral potential over multiple deposit types.
The CV Lithium Trend is an emerging spodumene pegmatite district discovered by the Company in 2017
Patriot Battery Metals owns 100% of a 214 km2 land package situated along a ~50 km prospective lithium pegmatite trend.
In excess of 70 lithium pegmatite outcrops identified over +20 km of trend evaluated to date
Over 70 lithium pegmatite outcrops identified: 50+ km of trend with only ~25 km evaluated to date, and more than 20 km to be explored
Multiple distinct clusters of lithium pegmatite outcrop identified at the Property
CV5 Spodumene Pegmatite has been traced by drilling over a strike length of 3.7 km and remains open along strike at both ends, and to depth along a significant portion of its length
*CV5 mineral resource (109.2 Mt at 1.42% Li2O and 160 ppm Ta2O5 inferred) is reported at a cut-off grade of 0.4% Li2O with effective date of June 25, 2023. Mineral resources are not mineral reserves as they do not have demonstrated economic viability.
(Above) Side view of CV5 Spodumene Pegmatite geological model looking northerly (340°) – principal pegmatite and subordinate lenses.
The principal pegmatite contains ~93% (101.8 Mt) of the total inferred resource tonnage (109.2 Mt) at CV5*.
(Above) Side view of CV5 Spodumene Pegmatite geological model looking northerly (340°) – principal pegmatite only.
*CV5 mineral resource (109.2 Mt at 1.42% Li2O and 160 ppm Ta2O5 inferred) is reported at a cut-off grade of 0.4% Li2O with effective date of June 25, 2023. Mineral resources are not mineral reserves as they do not have demonstrated economic viability.
The CV5 mineral resource* block model, at a pit-constrained inferred level of confidence, incorporates ~3.4 km of the total 3.7 km long pegmatite as has been defined by drilling to date.
(Above) Select views of the pit constrained, inferred classified block model.
*CV5 mineral resource (109.2 Mt at 1.42% Li2O and 160 ppm Ta2O5 inferred) is reported at a cut-off grade of 0.4% Li2O with effective date of June 25, 2023. Mineral resources are not mineral reserves as they do not have demonstrated economic viability.
Cut-off grade sensitivity analysis defines very high-grade and significant tonnage at high cut-off grade, and excellent grade with significant tonnage at low cut-off grade:
*CV5 mineral resource (109.2 Mt at 1.42% Li2O and 160 ppm Ta2O5 inferred) is reported at a cut-off grade of 0.4% Li2O with effective date of June 25, 2023. Mineral resources are not mineral reserves as they do not have demonstrated economic viability.
CV13 Spodumene Pegmatite Drilling
*CV5 mineral resource (109.2 Mt at 1.42% Li2O and 160 ppm Ta2O5 inferred) is reported at a cut-off grade of 0.4% Li2O with effective date of June 25, 2023. Mineral resources are not mineral reserves as they do not have demonstrated economic viability.
Corvette Property is Strategically Positioned to Feed the Growing Quebec and US markets
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Visual observations relating to the abundance of spodumene crystals logged in the drill core should not be considered a substitute for a laboratory analysis. Assay results are required to determine the grade of mineralisation identified in geological logging
“The technical information herein has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed on behalf of the Company by Mr. Darren L. Smith, M.Sc., P.Geo., and Vice President of Exploration for Patriot Battery Metals., a Qualified Person and registered permit holder with the Ordre des Géologues de Québec”