Patriot Battery Metals began its winter drilling program at the Shaakichiuwaanaan lithium project in Canada, targeting a minimum of 15,000 meters from January to April, according to a Monday Australian bourse filing.
Up to four drill rigs are expected to support the program, which seeks to test a highly prospective pegmatite corridor and extend a high-grade pegmatite zone.
The firm added that it is on track to publish a feasibility study and maiden ore reserve estimate in the third quarter of the year.
It engaged Forage Construction Muskw to carry out the diamond drilling services.
Shares of the mining firm slid 2% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.