Each one in plain English, with the numbers worked through for a shareholder.
22 Nov 2023drilling result▲ GoodMajor
First drilling at CV9, 14 km west of CV5, logged spodumene-bearing pegmatite, including about 100 m in CV23-345; 18 holes (~4,000 m) done. These are visual logs only; no assays yet. A new discovery claimed by the company, with grades unknown.
13 Nov 2023half year report● Neutral
Unaudited results to 30 September 2023: cash C$133.5m (March: C$56.7m), total assets C$220.4m, equity C$179.6m. Six-month net loss was C$471k, helped by C$9.3m flow-through premium income. Cash reflects the Albemarle placement closed in August.
13 Nov 2023drilling result▲ GoodMajor
CV23-199 returned the widest intersection on Corvette to date: 172.4 m at 0.93% Li2O, including 34.5 m at 1.85%. Early assays from the CV5 western extension, outside the resource, are also well mineralised (e.g. 46.3 m at 1.20%). Drilling pauses until early January; over 140 holes await assays.
2 Nov 2023other● Neutral
Monthly CDI statement for October 2023. Quoted CDIs rose from 359.9m to 393.0m, mainly through transfers from ordinary shares; 2.9m PMTAP warrants (C$0.75) were exercised. Administrative; no operational news.
1 Nov 2023asset acquisition disposition● Neutral
Patriot bought 100% of two claim blocks (73 claims, 3,851.5 ha) next to Alkem's James Bay Lithium Project at Eastmain, for C$500,000 cash plus 120,000 shares. The CEO says non-core assets are being evaluated for value; Corvette remains the focus.
24 Oct 2023admin correction● Neutral
At the ASX's request, the 19 October CV13 announcement was reissued with added detail and a cautionary statement on the 1.3 m spodumene crystal photo (drill hole CV23-271). Drilling results and figures are unchanged.
19 Oct 2023drilling result▲ GoodMajor
New near-surface high-grade zone found at CV13, the first CV13 assays this season: best 8.0 m at 2.86% Li2O including 4.3 m at 5.03%, and 12.7 m at 2.46%. Company says this opens starter-pit options; eight rigs active; updated resource expected mid-2024.
5 Oct 2023other● Neutral
Monthly CDI statement for September 2023. Quoted CDIs rose from 351.6m to 359.9m through transfers from ordinary shares, and 146,759 warrants were exercised. Administrative; no operational news.
5 Oct 2023director officer appointment● Neutral
Bradley Seward (formerly head of critical minerals sales at Macquarie) joins as Vice President of Investor Relations, and Olivier Caza-Lapointe as Head of Investor Relations, North America. The company says this is to improve shareholder communications. No operational impact.
25 Sept 2023drilling progress report▲ GoodMajor
CV5 pegmatite now traced 4.35 km, up from 3.7 km, after a 650 m westward extension; best intersection 56.8 m continuous, with a 178.2 m pegmatite interval in one hole (assays pending). Seven rigs are active, with ten targeted by mid-January 2024. Assays due from October.
11 Sept 2023resource reserve update● Neutral
The formal technical report supporting the maiden CV5 resource (109.2 Mt at 1.42% Li2O inferred) has been filed, as promised for early September. Prepared by independent BBA Engineering. The resource figures are unchanged from 31 July; this is a filing, not a revision.
7 Sept 2023other▲ Good
Patriot's CDIs will join the S&P/ASX 300 Index from 18 September 2023, as flagged on 1 September. The company says it may bring more Australian institutional demand and liquidity. Index change only; no company transaction or new operating information.
4 Sept 2023other● Neutral
Monthly CDI statement for August 2023. Quoted CDIs rose from 348.4m to 351.6m through transfers, with some option and warrant exercises. Administrative; no operational news.
1 Sept 2023other▲ Good
Third-party index announcement: S&P Dow Jones will add Patriot Battery Metals to the S&P/ASX 300 from 18 September 2023. This is an index change, not a company announcement, and no company transaction is involved.
29 Aug 2023drilling progress report● Neutral
About 35 holes and 10,100 m drilled this summer, with four rigs rising to seven by mid-September. CEO cites $150m in the treasury. New drill results are deferred until after the CV5 technical report is filed in early September.
21 Aug 2023regulatory community update● Neutral
Exploration resumed in early August as wildfires eased; four drill rigs are active. The KM-270 camp and all-weather road are due in November, allowing drilling into December, about six weeks later than usual. Road closures still slow construction.
4 Aug 2023capital raising announcement▲ Good
The C$109m Albemarle placement has closed, as announced on 31 July. Albemarle holds about 6.4% of shares (4.9% fully diluted) and the investor rights agreement and non-binding MOU are now signed. Shares are restricted from resale for four months.
2 Aug 2023other● Neutral
Monthly CDI statement for July 2023. Quoted CDIs rose from 340.3m to 348.4m, due to transfers from ordinary shares. It also corrects a June warrant count from 825 to 875. Administrative; no operational news.
2 Aug 2023other● Neutral
Notice of an investor conference call on 3 August 2023 to discuss the maiden CV5 resource and the C$109m Albemarle investment. Administrative notice with no new information.
1 Aug 2023capital raising announcement▲ GoodMajor
Albemarle agreed to buy 7,128,341 shares at C$15.29 (about C$109m), a 7% premium, for about 6.4% undiluted. Funds go to accelerating Corvette work. A non-binding MOU to study a downstream lithium hydroxide plant, with nine months' exclusivity, was also agreed.
What it means for a shareholder
7.1m new shares at C$15.29 to raise about C$109m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
31 July 2023investor presentation● Neutral
August 2023 company presentation, the excerpt showing only legal disclaimers and forward-looking warnings. No new results or figures are visible in the text provided; likely repeats the known CV5 resource story.
31 July 2023resource reserve update▲ GoodMajor
Maiden CV5 resource: 109.2 Mt at 1.42% Li2O inferred (0.40% cut-off), 3.835m t lithium carbonate equivalent, from 163 holes. The company calls it the largest lithium pegmatite resource in the Americas and 8th largest globally. CV13 resource is now expected in 2024.
27 July 2023regulatory community update● Neutral
Forest entry ban lifted at Corvette; staff are returning by fixed-wing aircraft, with one helicopter allowing drilling to restart by the weekend. More helicopters are hoped for in August. Resource still on track for late July; all-weather road upgrade is meant to recover lost drilling time.
10 July 2023drilling result▲ GoodMajor
Final winter assays reported, completing all results. Nova Zone hole CV23-181 returned 108.0 m at 2.44% Li2O, and CV23-184 and CV23-190 gave 78.9 m at 1.00% and 139.2 m at 1.26%. This closes the pending-assay thread; the CV5 resource is due in a few weeks.
10 July 2023other● NeutralMajor
Company rejects a short-seller report (Night Market Research) as inaccurate and says it has sought legal advice. It confirms the maiden resource is due in coming weeks, and says it has received no takeover proposals despite media speculation. Trading halt lifted.
6 July 2023other● Neutral
Monthly statement of CDIs for June 2023. Quoted CDIs rose from 328.3m to 340.3m, with some option and warrant exercises and transfers from ordinary shares. Administrative; no operational news.
5 July 2023well test result▲ GoodMajor
Preliminary heavy-liquid tests on five CV13 core composites gave 6% Li2O spodumene concentrate at 67–77% recovery using simple dense-media separation. This supports processing CV13 and CV5 in the same plant, building on the earlier CV5 results. A pilot-plant sample is planned this summer-fall.
30 June 2023admin correction● Neutral
Appendix 4G governance checklist lodged with the annual report for the year to 31 March 2023. It points to the governance statement in the annual MD&A. Administrative; no operational or financial news.
30 June 2023annual report● Neutral
Audited annual financial statements for the year to 31 March 2023 were filed. The auditor gave a clean opinion with no key audit matters. The excerpt shows no financial figures, so cash and loss are not confirmed here.
30 June 2023annual report● Neutral
Annual Information Form for the year to 31 March 2023, dated 29 June 2023, filed. It covers business history, risks, governance and technical information on Corvette. The excerpt shows no new results or events.
