#ExplorationStrategy

[colitco]

📢 Patriot Lithium Delivers Interim Report, Doubles Down on High-Grade Copper in Zambia

Patriot Lithium Limited (ASX: PAT) has released its Interim Financial Report for the half-year ended 31 December 2024, underscoring a strategic pivot towards high-grade copper exploration in Zambia. The company continues to rationalise its portfolio while sharpening its focus on value-accretive assets.

💰 Financial Highlights:

✅ Cash reserves: $960K (as at 31 December 2024) ✅ $887K invested in copper and lithium exploration ✅ Strategic shift: Divesting non-core assets to pursue high-potential copper projects

🔍 Operational Highlights:

✅ New Copper Licences Acquired – Chimban (33587), CBR (33585) and Mirkal (32052), bolstering the Mumbwa copper portfolio ✅ Kitumba Project Advantage – Located near Sinomine’s Kitumba Copper Mine with existing infrastructure ✅ Katwaro Discovery – Assays return 4.45% Cu and 2.59 g/t Au over 2.0m; prioritised for upcoming drilling ✅ Portfolio Streamlined – Jisanshi (30424) option terminated to redirect capital towards higher-impact targets ✅ Exploration Team Enhanced – Senior Geologist Eugene Gotora joins to lead Zambian programs

📈 Investor Outlook

Copper markets remain robust, buoyed by global electrification and the clean energy transition. With a structural deficit forecast to persist through 2025, Patriot’s renewed copper focus positions it to capture long-term upside. The company’s high-grade Zambian assets and lean strategy signal strong growth potential ahead.

Current share price: $0.042 (ASX: PAT)

🔗 View Full Report & ASX Release: https://api.investi.com.au/api/announcements/pat/09f925a9-374.pdf

⚠️ This is not financial advice. Please undertake your own due diligence before making investment decisions.

[colitco]

📣 Impact Minerals Expands to 1,770 sq km at Broken Hill – Strategic Acquisition Strengthens Copper Exploration Plans

Impact Minerals Limited (ASX: IPT) has secured a substantial landholding near the iconic Broken Hill silver–lead–zinc mine, acquiring a 675 sq km tenement package from New Frontier Minerals Limited (ASX: NFM). This move significantly enhances Impact’s copper-focused exploration strategy in western New South Wales.

💰 Share Price: $0.0080

🔹 Key Highlights:

✅ Expanded Tenure – Impact now holds 1,770 sq km of ground, with over 100 km of strike, surrounding one of the world’s greatest mines. ✅ Exploration Backed by BHP Xplor – Builds on a novel copper exploration model developed during Impact’s participation in the 2023 BHP Xplor program. ✅ Copper Potential Confirmed – Mapping and sampling of 99 gabbro sills has identified multiple high-priority targets, including within the newly acquired ground. ✅ Next Steps: Ground Geophysics – Upcoming surveys will refine targets ahead of drilling. ✅ Acquisition Terms – Impact to acquire BHA No.1 Pty Ltd, a subsidiary of NFM, for $275,000 in IPT shares, subject to staged voluntary escrow over six months. ✅ Project Advancement Priority – The company’s immediate focus is on completing a Pre-Feasibility Study (PFS) to unlock further value from its growing copper portfolio.

🗣 Mike Jones, Managing Director of Impact Minerals: “This acquisition consolidates our position in the Broken Hill region and sets the stage for major copper discoveries based on innovative geological thinking.”

📈 Investor Outlook – The expansion comes amid renewed exploration interest in the Broken Hill district, supported by strong silver prices and longer-term demand for zinc and lead. With fresh targets, PFS development underway, and a clear strategy in place, Impact is well-positioned to advance its next phase of discovery.

🔗 More details & ASX release: https://colitco.com/impact-minerals-broken-hill-new-acquisition/

⚠️ This is not investment advice. Please do your own research before making any investment decisions.