InvestSMART

Patriot Resources Limited (ASX:PAT)

ALERT: Price-sensitive ASX Announcement for PAT
Current share price for PAT : $0.063 0.015 (31.25%)+
Announcement
Release
2 Mar 2026 9:39AM
Price at Release
$0.048
Full Release
download
Summary
Patriot Resources Limited has announced the completion of its acquisition of the Tassa Silver-Gold Project located in southern Peru. This acquisition solidifies Patriot's position as an emerging silver growth company with a robust high-grade resource base. The Tassa project boasts a Maiden JORC (2012) Inferred Mineral Resource of 31.4 million ounces of silver equivalent at a grade of 52.68 grams per tonne. The mineralisation extends over a 2.8-kilometer trend, remaining open in all directions, which provides significant potential for expansion. With a strong foundation for resource conversion and growth, Patriot is set to initiate a 2026 drill campaign focused on expanding high-grade corridors, particularly targeting Zone S2, a high-priority area identified for its superior grade. The project offers direct exposure to positive silver price movements, supported by long-term industrial demand and structural supply constraints.
Key Points
  • Patriot Resources Limited completed the acquisition of the Tassa Silver-Gold Project in southern Peru.
  • The acquisition establishes Patriot as an emerging silver growth company with a high-grade resource scale.
  • The Tassa project hosts a Maiden JORC (2012) Inferred Mineral Resource of 31.4Moz AgEq at 52.68g/t AgEq.
  • Mineralisation at the Tassa Project remains open in all directions, offering significant expansion potential.
  • Zone S2 is identified as a high-priority growth target with grades of approximately 102g/t AgEq.
  • Patriot plans a Phase 1 2026 drill program to systematically expand the resource base and extend high-grade zones.
  • The Tassa Project provides leverage to silver price upside driven by long-term industrial demand and supply constraints.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.