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PMET Produces High Recovery (89%) and High Grade Spodumene Concentrate (6.1% Li2O) from Innovative CV5 Sample and DMS Pilot Program
MONTREAL, May 3, 2026 /CNW/ - May 4, 2026 – Sydney, AustraliaHighlightsThe program (termed "ApplePick") utilized multiple large, angular, mineralized boulders

About this update from Pmet Resources Inc.
[{"type":"text","content":" MONTREAL, May 3, 2026 /CNW/ - May 4, 2026 – Sydney, AustraliaHighlightsThe program (termed \"ApplePick\") utilized multiple large, angular, mineralized boulders situated immediately down-ice of the principal CV5 outcrop (i.e., the source), which were crushed on-site and shipped to SGS (Lakefield) as high head-grade (3.61% Li2O)1 feed for processing in a DMS pilot plant.4.47 tonnes of high-grade (6.09% Li2O) and low-iron (0.58% Fe2O3) spodumene concentrate was produced at very high recovery (89.0%) from the CV5 Pegmatite using a Dense Media Separation (\"DMS\") only pilot plant.The concentrate produced further demonstrates the potential for the Company's proposed DMS only processing pathway for Shaakichiuwaanaan, through;High-grade and consistently large spodumene crystal nature, which contributes to high rates of recovery using just DMS processing; andReinforces prior test work demonstrating a clean ≥SC5.5 concentrate at high rates of recovery (nominally 70%), per Feasibility development plans and planned average mined heads grades over the life-of-mine.Approach allowed for the rapid and cost-effective generation of spodumene concentrate on a larger scale, without drilling, which further supports the Company's future lithium offtake and midstream product initiatives.DMS tailings streams from the pilot also generated significant quantities of feed material for the Feasibility-level tantalum recovery program, which is now underway.New higher-grade lithia feed samples have generated the data that underpins an improved lithium grade-recovery curve and indicates that stronger recoveries can be achieved at the high-grade end of the curve compared to previous assumptions, which is expected to positively impact the results of the upcoming updated Feasibility Study for the CV5 Pegmatite, as well as a Preliminary Economic Assessment for the broader Project.Given the success of the ApplePick program, the Company intends to launch the 'BerryPick' program, targeting surface pollucite samples for larger scale pilot testwork and concentrate sample preparation, as it engages with strategic caesium players downstream.__________________________________1 This head-grade of feed relates to the grade of composited boulders from CV5 selected as part of Project ApplePick and is not representative of expected life-of-mine...