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colitco · 4 days ago
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🔥 Patriot Lithium Expands Copper Footprint in Zambia! 🔥
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Patriot Lithium Limited (ASX: PAT) is strengthening its position in Zambia’s copper-rich Mumbwa Region with an option to acquire a 90% interest in three large-scale exploration licences, adding 450km² to its portfolio. This move brings Patriot’s total landholding in Mumbwa to 705km², making it one of the largest in the district.
🔹 Key Highlights:
✅ Strategic Expansion – 45km of contiguous strike along key copper-bearing structures ✅ Historic Copper Mines Identified – Multiple artisanal sites within the licence area ✅ Licences surround Katwaro Copper Project, where high-grade copper-gold assays were identified in 2024. ✅ Located near Sinomine Kitumba Copper Mine, set to be the region’s largest copper producer. 🏭⚒️ ✅ Plans for geological mapping, geochemical surveys, and RC drilling to assess mineral potential. ✅ Parallel Structures – Includes another artisanal copper pit 5.2km from Katwaro Copper Pit ✅ Regional Synergy – Collaborating with Sinomine Kitumba Minerals, with Kitumba Copper Mine holding 31.5Mt @ 2.04% Cu
💰 Investor Outlook
📈 Stock Price: A$0.045 📊 Market Capitalization: A$5.69M
With a rich exploration history dating back to 1897, Patriot is poised to unlock Mumbwa’s vast copper potential. This Expansion comes amid rising global demand for copper, a key metal for electric vehicles, renewable energy, and infrastructure. 🌍🔋
🔗 More Details: https://colitco.com/patriot-lithium-expands-in-zambia-with-major-exploration-licence-acquisition/
Disclaimer: This is not investment advice. Please conduct your own research before making any investment decisions.
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