Patriot Resources Limited · ASX:PAT
Patriot Resources — Investor Presentation (September 2023)
21 slides from Patriot Resources's investor presentation, Sep 12, 2023
Slide 1: Exploring & Developing High-Grade Lithium Assets in North America
Exploring & Developing High-Grade Lithium Assets in North America New World Metals Presentation September 2023 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 Premium Locations Sustained Demand Systematic Exploration Experienced Team ▪ Diversified lithium ▪ Growing lithium demand ▪ Systematic and ▪ Proven project generators exploration projects across globally - supply struggling scientific approach to and developers. USA
Slide 4: Why Lithium?
Why Lithium? ▪ Market consensus is forecasting deficit of 784 kt by 2030 (demand 2.9Mt vs supply 2.1Mt)1 ▪ Albemarle forecasts ~5 X growth in global lithium demand from 2022 to 2030 (0.8Mt to 3.7Mt)2 ▪ Lithium industry may need up to US$116 billion of investment and 5.3 million tonnes of lithium car
Slide 5: Why North America?
Why North America? • Extremely prospective but historically underexplored for lithium. • Known and supportive jurisdictions with minimal sovereign risk - US and Canada ranked top 3 in the world index of investment attractiveness.1 • Inflation Reduction Act - further encourages development across the
Slide 6: Experienced Team
Experienced Team Mr Phil Thick Mr Nicholas Mr Matt Gauci Dr Oliver Mr Matt Mr Cameron Mr David Chairman Vickery Director Kreuzer Worner O’Brien Johnson Managing Director Director Chief Financial Chief Operating More than 30 years’ More than 20 years’ Officer Director Officer experience as a experien
Slide 7: Corporate Snapshot
Corporate Snapshot CAPITAL STRUCTURE Shares on Issue1 86,825,002 Market Capitalisation @ $0.20 $17,365,000 Options on Issue at Listing 6,600,000 Performance Rights on Issue 7,750,000 TOP SHAREHOLDERS2 17% Directors and Management 8% Jason Peterson 7% Founders 68% Existing Shareholders 1. Founders of
Slide 8: Project Portfolio
Project Portfolio Canadian Projects Total claim holding currently over 1,100 km2 of greenfields lithium targets including: Gorman - 348 km2 along strike from Frontier Lithium’s PAK project, one of North America’s largest and highest grade spodumene resources. Forester - 145 km2 with numerous mapped
Slide 9: Recent Highlights
Recent Highlights Gorman Project (Ontario) Keystone (South Dakota) ▪ Phase 1 reconnaissance program located 8km long LCT ▪ Reconnaissance has identified a new, fractionated, pegmatite trend at Gorman. potentially Li-fertile pegmatite only 3.5km from the historic high-grade Etta, Edison and Hugo Li m
Slide 10: Ontario Projects, Canada
SD PATRIOTLITHIUM ve Ontario Projects, Canada Se © &
Slide 11: Ontario Projects
Ontario Projects ▪ Multiple hard rock lithium exploration projects in a supportive jurisdiction. ▪ Projects covering an area over an area of over 1100 km2. ▪ Very prospective areas covered including in "Electric Avenue". ▪ Regional neighbours include Frontier Lithium (PAK/Spark Project), Critical
Slide 12: Gorman Project – World Class Setting
Gorman Project – World Class Setting ▪ In "Electric Avenue" along strike and only 68km away from Frontier Lithium’s (TSXV: FL) tier-one PAK lithium project (41.9Mt @ 1.54% Li2O (M&I&I)). ▪ Inferred extension of same Bearhead Lake fault zone. ▪ ~348km2 of greenfields claims – no exploration previousl
Slide 13: Gorman – Potential for Scale
Gorman – Potential for Scale ▪ Phase 1 and 2 exploration completed (mapping and rock chip sampling) and Phase 3 program has commenced (soil sampling, sawn channel sampling and further mapping). ▪ Phase 1 and 2 exploration identified 8km NW- SE-striking pegmatite trend (G-Zero – Pepperette) with indi
Slide 14: Gorman Project – Major Mineralised Trend
Gorman Project – Major Mineralised Trend ▪ Open between outcrops and along strike in both directions. ▪ High-grade lithium rock chip assays up to 3.7% Li2O from the G0, G1, G2 and G3 pegmatites - each pegmatite outcrop producing a sample >3.0%. ▪ Of the 102 rock chip samples submitted for assaying,
Slide 15: Gorman Project – Mineralisation Across Outcrops
Gorman Project – Mineralisation Across Outcrops ▪ Indications that the LCT pegmatites may be continuous along and across outcrop exposures up to the point where the outcrops disappear beneath cover. ▪ Detailed 1m spaced rock chip sampling of mineralisation across G1 pegmatite indicates that the pegm
Slide 16: Gorman Project - Next Steps
Gorman Project - Next Steps ▪ Phase 3 program has now commenced and is due to finalise in September 2023. ▪ Main focus of the Phase 3 program is to determine the potential extents of mineralized zones away from outcrops by soil sampling. ▪ A secondary focus of this Phase 3 work will be to perform ad
Slide 17: Black Hills Projects, USA
Black Hills Projects, USA 17
Slide 18: Keystone Project, South Dakota
Keystone Project, South Dakota ▪ The Keystone district hosts the largest historic Black Hills lithium producers such as the Etta, Hugo, Peerless, Edison and Bob Ingersoll mines. ▪ Etta operated from 1898 to 1960, recording a head grade of ~6.0% Li2O and yielded up to >14m-long spodumene crystals, be
Slide 19: Keystone Exploration Activities
Keystone Exploration Activities ▪ Reconnaissance has identified a new, fractionated, potentially Li-fertile pegmatites only 3.5km from the historic high-grade Etta, Edison and Hugo Li mines near Keystone. ▪ Several outcrops not previously identified have been mapped, the largest of which can be trac
Slide 20: Black Hills Exploration - Next Steps
Black Hills Exploration - Next Steps ▪ We have now commenced a follow-up program of systematic mapping and sampling of the known pegmatite dykes, with the aim of confirming mineralisation and recommending drill targets. ▪ Mapping and sampling will also be undertaken throughout the remaining Keystone
Slide 21: Nicholas Vickery, Managing Director
Nicholas Vickery Managing Director Nicholas@patriot-lithium.com
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