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Patriot Resources Limited (ASX:PAT)

ALERT: Price-sensitive ASX Announcement for PAT
Current share price for PAT : $0.073 0.005 (7.35%)+
Release
24 Apr 2026 9:25AM
Price at Release
$0.068
Full Release
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Summary
Patriot Resources Limited has announced a major upgrade to the Exploration Target at its Tassa Silver & Gold Project in Southern Peru. The project now has an estimated Exploration Target of 774-559 million ounces of silver equivalent (AgEq) from 422-359 million tonnes of ore, at grades of 57-48 grams per tonne AgEq. This positions Tassa as one of the largest undeveloped silver systems globally. The exploration target is based on over twenty years of geological, geochemical, and geophysical data, including 1,832 surface samples, 8,500 meters of diamond drilling, and extensive geophysical surveys. The update is informed by an integrated dataset that has reduced geological uncertainty and enhanced targeting confidence. The project shows potential for large-scale, open-pit development, and further exploration work is planned to convert the Exploration Target into Mineral Resources.
Key Points
  • Exploration Target upgraded to 774-559 Moz AgEq
  • Positioned among largest undeveloped silver systems globally
  • Data includes 1,832 surface samples and 8,500m diamond drilling
  • Potential for large-scale, open-pit development
  • Further exploration planned to convert targets into Mineral Resources
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.