Patriot Lithium's Gorman Project Update

Patriot Lithium Ltd (ASX: $PAT) has completed an airborne LiDAR survey and high-resolution photography over its Gorman project, as well as newly acquired Borland and Beyond claims, covering approximately 355km2. The survey aims to aid in identifying lithium-bearing pegmatites for drilling in Q2 2024 and to assist in planning for drilling over known outcrops at Gorman.

Executive Commentary on Gorman Project and Regional Developments

Patriot continues to use its best efforts to ensure that its Gorman project is drill ready in Q2 2024. The recent LiDAR survey is another key step in our exploration process at Gorman, to finalize drill targets and identify further targets for follow up over Patriot's ground, all while Patriot continues to progress permitting for its maiden drilling program at Gorman. Patriot sees the initial investment by Mitsubishi of C$25m for 7.5% of the Pak / Spark lithium development project as third-party validation by a significant industry player that the region has the potential to become one of the leading lithium exploration and production districts in North America.

Summary of Patriot Lithium's Gorman Project Update

Patriot Lithium (ASX: $PAT) has completed an airborne LiDAR survey and high-resolution photography over its Gorman project and newly acquired claims, aiming to aid in identifying lithium-bearing pegmatites for drilling in Q2 2024. The company continues to work on permitting for its maiden drilling program at Gorman. Patriot holds approximately 355km2 of claims along the Bearhead Lake fault zone, where it has confirmed a 5.2km-long, spodumene-bearing LCT pegmatite trend and a 1.5km lithium in soil anomaly. The underexplored nature of Northern Ontario presents significant potential for Patriot's exploration efforts. The company's neighbor, Frontier Lithium, has announced a joint venture with Mitsubishi Corporation, indicating growing interest and investment in the region's lithium projects.