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Patriot Resources Limited (ASX:PAT)

ALERT: Price-sensitive ASX Announcement for PAT
Current share price for PAT : $0.045 -0.018 (-28.57%)+
Announcement
Release
31 Jul 2026 5:11PM
Price at Release
$0.063
Full Release
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Summary
Patriot Resources Limited reported its quarterly activities and cash flow for the period ending 30 June 2026. The company experienced significant cash outflows from operating and investing activities, offset by inflows from financing activities. The acquisition of the remaining interest in the Kitumba project and further drilling confirmed substantial mineralization. Additionally, Patriot acquired a significant interest in a Zambian Copperbelt licence and announced a new drilling program in Peru aimed at expanding resources. The financial report reflects the company's ongoing exploration and expansion efforts.
Key Points
  • Patriot Resources Limited released their quarterly activities and cash flow report for the quarter ending 30 June 2026.
  • Net cash used in operating activities amounted to $1,567,000 for the current quarter and $3,581,000 for the year to date.
  • Investing activities resulted in a net cash outflow of $764,000 for the current quarter and $1,468,000 for the year to date.
  • Financing activities provided a net cash inflow of $494,000 for the current quarter and $4,717,000 for the year to date.
  • Cash and cash equivalents at the end of the quarter totaled $901,000.
  • Patriot acquired the remaining 20% interest in the Kitumba project, consolidating full ownership.
  • Drilling results confirmed significant polymetallic mineralization with copper, silver, and zinc.
  • The company announced an acquisition of a 90% interest in a strategic licence in the Zambian Copperbelt.
  • Patriot plans a 4,000m drill program in Peru targeting resource growth.
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.