Patriot Resources Limited · ASX:PAT
Patriot Resources — Patriot Lithium — Investor Presentation (December 2022)
25 slides from Patriot Resources's investor presentation, December 2022
Slide 1: Exploring & Developing High-Grade Hardrock Lithium in the USA
Exploring & Developing High-Grade Hardrock Lithium in the USA Investor Presentation December 2022 1
Slide 2: Disclaimer
Disclaimer The presentation (in this projected form and as verbally presented) (Presentation) has been prepared by Patriot Lithium Limited (ACN 647 470 415) and is provided on the basis that none of the Company nor its respective officers, shareholders, related bodies corporate, partners, affiliates
Slide 3: North American High-Grade Lithium
North American High-Grade Lithium High-Grade, Hard Rock Right Location Experienced Lithium Team Sustained Global Demand The Black Hills region of The Etta mine in the Black Hills An exceptional team, with The demand driven South Dakota is a globally district redefined the size and proven experience
Slide 4: Experienced Leadership Team
Experienced Leadership Team Mr Phil Thick Mr Thick is a Mining Executive with more than 30 years’ experience as a senior executive and director in oil and gas, mining and Chairman chemical processing. During the past 5 years, Mr Thick headed up Tianqi Lithium Australia, a subsidiary of Tianqi Lithiu
Slide 5: Corporate Snapshot
Corporate Snapshot CAPITAL STRUCTURE Shares on Issue1 34,450,002 IPO Shares2 50,000,000 Total Shares at Listing2 84,450,002 Market Capitalisation @ $0.20 $16,890,000 Enterprise Value @ $0.20 $6,890,000 Options on Issue at Listing 5,800,000 Performance Rights on Issue at Listing 7,125,000 World’s lar
Slide 6: Building an American Lithium Company
Building an American Lithium Company Patriot is building a • Primary focus on exploration of high-grade, hard rock lithium projects located in the prolific Black Hills region of South Dakota and the Pegmatite Belt region of Arizona lithium exploration • The Company intends to build the size and scal
Slide 7: Project Portfolio
Project Portfolio Keystone Project Keystone + Tinton West Lithium Projects (Black Hills, South Dakota) • Surrounds the main historic lithium producer in the Black Hills which is the Etta Mine with a recorded head grade of ~6% Li2O* • Near historic LCT pegmatite workings known for their ‘surfboard-si
Slide 8: Black Hills Region, South Dakota
Black Hills Region, South Dakota Homestake Mine (1878-2002; >40 Moz Au) Tinton District Black Hills region: Wharf Mine N 20,000+ mapped pegmatites in the Keystone, Tinton and Custer districts (active open pit, heap • leach operation) 10 km • 30+ historic hard rock lithium mines (i.e., underdeveloped
Slide 9: Black Hills Region, South Dakota
Black Hills Region, South Dakota Why the Black Hills? • Proven mining region (e.g., >40Moz Au Homestake mine*) • Active mining and exploration: Gold, REE and industrial minerals • Patriot is a first mover for lithium exploration and development • Present a unique opportunity due to the large number
Slide 10: Keystone Project, South Dakota
Keystone Project, South Dakota Claims surround and are along strike from the main historic lithium mines • The Keystone district hosts the largest historic Black Hills lithium producers such as the Etta, Hugo, Peerless, Edison and Bob Ingersoll mines, all of which are predominantly depleted • Etta o
Slide 11: Keystone Project, South Dakota
Keystone Project, South Dakota Idealised schematic model showing the regional zonation in a pegmatite field around a parental granite intrusion* HILL CITY DISTRICT KEYSTONE DISTRICT Harney Peak Keystone Granite Fault • LCT pegmatite occurrences in the Black Hills cluster around the parental (‘parent
Slide 12: Keystone Project, South Dakota
Keystone Project, South Dakota Dominant landholding in the Keystone district, Large unmapped pegmatite c. 1km S from the locality to the left (COO for scale) the main historic lithium mining area in the Black Hills* • Patriot’s claims are immediately adjacent to and along strike from the most signif
Slide 13: Keystone Project, South Dakota
Keystone Project, South Dakota Edison – LCT pegmatite densely packed with Etta –Dyke Lode 2m long – part ofcrystals spodumene glory inhole the wall Edison Mine* spodumene crystals of the historic ‘glory hole’ Etta Mine* *The Etta and Edison mines are not owned by Patriot. They are situated on nearby
Slide 14: Tinton West Project, South Dakota
Tinton West Project, South Dakota Project adjacent to and along strike from the Giant Volney LCT Tt XWp pegmatite* XWg Patriot claims contain several known pegmatites Cover + Younger Igneous Rocks XWb No systematic modern exploration Tp → Pegmatite Basement 1930/40s hard rock lithium mining at Giant
Slide 15: Wickenburg Project, Arizona
Wickenburg Project, Arizona Large 100% owned property: • 347 lode mining claims covering an area of ~6,900 acres N 100 km Low-risk mining jurisdiction: • Arizona consistently ranks high in the Fraser Institute Investment Attractiveness Index (2020: 2nd, 2021: 5th) Easy, year-round access: Arizona Pe
Slide 16: Wickenburg Project, Arizona
Wickenburg Project, Arizona Extensive pegmatite swarm • Identified over an area of at least 8km by 5km* • Untested by drilling • Grab samples from nearby Lucky Mica, returned up to 7.5% Li2O** Simple exploration proposition • Geology is well exposed and amenable to low cost and efficient surface sam
Slide 17: Global Price & Demand Strength
Global Price & Demand Strength Global passenger plug-in EV Sales Transition toward Electric Vehicle powered transport • Battery storage requirements for EVs is the primary driver of lithium demand (million units) • The United States is an important demand centre, however both China and Europe are sh
Slide 18: American Lithium Demand
American Lithium Demand Ford Motor Company* Volkswagen** Hyundai*** “We're all in on this and we're “Lithium hydroxide from mining “Intends to invest $5.54 billion in taking our mainstream vehicles, [of spodumene] is the future- its first dedicated electric vehicle our most iconic vehicles, and we'r
Slide 19: American Lithium Supply
American Lithium Supply “DOE, DOD, and the Department of State signed a memorandum of agreement (MOA) to better coordinate Strengthening critical mineral stockpiling* stockpiling activities to support the • America currently supplies only 1-2% of global lithium U.S. transition to clean energy and na
Slide 20: Emerging North American Battery Industry
Emerging North American Battery Industry Patriot proximity PAT’s Black Hills Projects are ~6h from SolidPower’s planned gigafactory at Louisville due for upgrade in 2023 PAT’s Wickenburg Project is only 1h from KOREpower’s planned lithium-ion battery manufacturing facility at Maricopa, Arizona CIC e
Slide 21: Highly Supportive US Government Programs
Highly Supportive US Government Programs Inflation Reduction Act, 2022* • Outlines US$369 billion in Energy Security and Climate Change programs over the next ten years • Mandates at least 40% of US-made EV batteries must contain critical minerals from US mines or countries with free trade deals wit
Slide 22: Use of Funds
Use of Funds $10M % Funds FUNDS AVAILABLE Total $10,152,569 100.00% ALLOCATION OF FUNDS Exploration at the Keystone Project $2,095,000 20.64% Exploration at the Tinton West Project $1,081,000 10.65% Exploration at the Wickenburg Project $1,920,000 18.91% New project identification and acquisition $1
Slide 23: What's Next
What’s Next Ready to start exploration Hammer ~30cm long IPO funds have allowed the Company to commence reconnaissance exploration and fieldwork at the Black Hills and Wickenburg Projects Upcoming tasks include: o Detailed mapping and surface sampling of the pegmatite trends o Geophysical and remote
Slide 24: What's Next
What’s Next 2022 2023 Dec Jan Feb Mar Apr May Jun ASX Listing 08 Dec 2022 Recon Exploration & Fieldwork Black Hills & Wickenburg Desktop & Targeting Studies Wickenburg & Black Hills Generative Studies North America Mapping & Surface Geochemistry Black Hills & Wickenburg Airborne Hyperspectral Survey
Slide 25: Matt Gauci, Executive Director; Jason Peterson, Head of Corporate
Matt Gauci Jason Peterson Executive Director Head of Corporate +61 417 417 907 Jason@CPSCapital.com.au
Patriot Lithium — Investor Presentation (December 2022) on 6ix