Perth, Australia – 27 August 2025 – Patriot Resources Limited (ASX: PAT) today announced the completion of its latest drill programme in Zambia, with samples now being prepared and dispatched for assay.
The Company has confirmed that it will concentrate its exploration efforts at the Katwaro Pit and the potential NW/SE mineralisation extensions, which have already delivered strong copper mineralisation results.
Strategic Refocus After Sugarloaf Exit
The drill programme was shortened following the Company’s decision to terminate the Sugarloaf option agreement after due diligence revealed that independent testwork could not replicate historic recoveries from bulk ore samples.
Patriot Chairman Hugh Warner commented:
“As previously announced, it was disappointing that the Sugarloaf option agreement was terminated following due diligence. Part of our initial interest in the Sugarloaf deposit was the opportunity to generate early cashflows, based on historic testworks. Unfortunately, our independent testworks on more than 1 tonne (bulk) mineralised ore, was unable to replicate similar recoveries.
Sugarloaf was an opportunistic pivot that we thought worth pursuing, given the historic data presented, which didn’t pay off.
Our small team will now refocus our exploration work at the Katwaro Pit and the extensions which have previously yielded strong copper mineralisation, including:
• in the Katwaro Pit, high grade assays of 1.16% Cu and 0.68g/t Au over 14m; including 4.45% Cu and 2.59g/t Au over 2m1
• To the NW, in the Broken Hill pits, high grade results from pXRF of up to 17.36% Cu2
Patriot remains well funded to pursue its existing opportunities and to assess further exploration prospects.”
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Website: www.patriotresources.com.au
About us:
About Patriot Resources
Patriot Resources Limited (ASX: PAT) is an Australian exploration company committed to discovering and developing high-value battery and critical mineral assets. The Company targets jurisdictions with tier-1 geological potential, supportive infrastructure, and clear pathways to development. Patriot combines disciplined exploration with strategic partnerships to advance projects capable of near-term development while maintaining a long-term growth pipeline. The Company’s approach emphasises capital efficiency, scalability, and alignment with the global energy transition. Through a diversified portfolio and an experienced leadership team, Patriot is well-positioned to deliver shareholder value in a rapidly evolving resource sector.
Contact details:
Jane Morgan
Director
P: +61 405 555 618
[email protected]