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Patriot Resources Limited (ASX:PAT)

ALERT: Price-sensitive ASX Announcement for PAT
Current share price for PAT : $0.051 -0.009 (-15%)+
Release
7 Aug 2026 9:25AM
Price at Release
$0.060
Full Release
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Summary
Patriot Resources Limited (ASX: PAT) has announced the expansion of its Tassa Silver-Gold Project in southern Peru by acquiring a new tenement named Tassa 5. This expansion extends the company's landholding from 1,200 hectares to 1,800 hectares and increases the interpreted strike length of the mineralized corridor in the area. The Tassa Project is known for hosting a Maiden Inferred Mineral Resource of 31.4 million ounces of silver equivalent. Patriot's latest acquisition adds a highly prospective piece of land directly adjoining its existing resources. The company is focusing on community engagement with the Tassa and Pachamayo communities to progress a community agreement that supports a Phase 1 drilling program. The environmental declaration for the project remains valid according to Peru's Ministry of Energy and Mines. Patriot continues to conduct geological mapping and sampling to prepare for future drilling activities.
Key Points
  • Patriot Resources acquires Tassa 5 tenement in Peru.
  • Expansion increases landholding to 1,800 hectares.
  • Project hosts 31.4 million ounces of silver equivalent.
  • Engagement with local communities for drilling program.
  • Environmental permits remain valid.
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.