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PMET Resources Inc (ASX:PMT)

ALERT: Price-sensitive ASX Announcement for PMT
Current share price for PMT : $0.430 -0.08 (-15.69%)+
Announcement
Release
15 Dec 2025 9:21AM
Price at Release
$0.510
Full Release
download
Summary
PMET Resources Inc. carried out an extensive exploration drilling campaign in 2025 at its Shaakichiuwaanaan Property in Quebec, focusing on lithium-caesium-tantalum pegmatites. The campaign, which included step-out and infill drilling, as well as geomechanical drilling, resulted in significant discoveries, including new lithium and caesium-rich zones at CV4, CV5, CV12, and CV13 pegmatites. The CV5 Pegmatite emerged as one of the largest lithium resources in the Americas, with high-grade caesium mineralization also identified. This initiative reinforces PMET's position as a potential critical mineral leader in North America.
Key Points
  • PMET Resources Inc. conducted a comprehensive 2025 drilling campaign at the Shaakichiuwaanaan Property focusing on lithium-caesium-tantalum (LCT) pegmatites.
  • The campaign included testing of new targets, infill and step-out drilling, and geomechanical drilling in support of development, totaling 57,024 meters drilled.
  • Multiple new discoveries were made, notably at the CV4, CV5, CV12, and CV13 pegmatites, with significant lithium and caesium mineralization.
  • The CV5 Pegmatite is highlighted as holding one of the largest lithium resources in the Americas with a probable mineral reserve of 84.3 million tonnes at 1.26% Li2O.
  • A high-grade caesium discovery was made at CV5, with samples showing up to 17.92% Cs2O.
  • The 2025 campaign marked maiden drill testing at CV4, intersecting significant spodumene pegmatite widths.
  • Step-out drilling at CV13 extended the pegmatite northeast towards CV5, demonstrating promising lithium and caesium potential.
  • PMET highlights the robustness of its pegmatite system, with potential for continued discovery and development as a North American critical mineral powerhouse.
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.