Highlights:

  • Patriot Resources was trading at AUD 0.060, down 1.64% during the afternoon Trading session on 19 August 2026.
  • Tassa Silver-Gold Project hosts a maiden JORC Resource of 31.4Moz AgEq from 18.53Mt at 52.68g/t AgEq.
  • The Tassa Project includes an Exploration Target of 774–559Moz AgEq across 422–359Mt.
  • Kitumba Copper Project drilling confirmed copper-silver-zinc-cobalt mineralisation open along strike and at depth.
  • Patriot continues advancing permitting, exploration and development activities across its global portfolio.

Patriot Resources Ltd (ASX:PAT) has outlined its growth strategy across a portfolio of silver, copper and critical minerals projects spanning Peru, Zambia and Canada, with the company focused on advancing exploration and development activities.

Patriot Resources was trading at AUD 0.060, down 1.64% during the afternoon trading session on 19 August 2026, while the company’s shares remained up 20.00% over the past year. The company’s latest presentation highlighted progress at the Tassa Silver-Gold Project in Peru, the Kitumba Copper Project in Zambia and its broader critical minerals portfolio.

Tassa Silver-Gold Project Forms Core Development Focus

Patriot’s Tassa Silver-Gold Project in Peru remains a key focus, with the company holding a maiden JORC Resource of 31.4 million ounces silver equivalent (AgEq) from 18.53 million tonnes at 52.68 grams per tonne AgEq.

The maiden resource is classified as Inferred and is based on multiple mineralised zones across the project area.

The company has also outlined a JORC Exploration Target ranging from 774 million ounces to 559 million ounces AgEq from 422 million tonnes to 359 million tonnes at grades between 57 and 48 grams per tonne AgEq.

Patriot stated that the project has potential for resource expansion through additional exploration and drilling activities.

High-Grade Silver Zones Support Exploration Upside

Tassa contains several high-grade silver zones, with drilling results identifying significant silver mineralisation.

Reported highlights include:

  • 60 metres at 224.20 grams per tonne silver from 24 metres, including 16 metres at 383.9 grams per tonne silver and 24 metres at 291 grams per tonne silver;
  • 37 metres at 113.5 grams per tonne silver, including 8.7 metres at 321 grams per tonne silver;
  • 16 metres at 152.9 grams per tonne silver and 1.5 grams per tonne gold.

The company stated that the Tassa system extends across multiple zones, including Northern, Central, Southern and Western areas.

The Central Zone represents the largest component of the current resource, containing 11.9 million tonnes for 20.0 million ounces AgEq.

Permitting and Community Agreements Progress

Patriot has secured an initial community agreement covering the northern portion of Tassa and holds a valid drilling environmental permit.

The company’s next steps include advancing permitting and community agreements, completing mapping and sampling at the Tassa 5 southern extension and progressing a 2026 drilling program.

The planned drilling campaign is expected to target high-grade zones, infill areas and extensions to grow the existing resource base.

Kitumba Copper Project Adds Second Growth Pillar

Patriot’s Kitumba Copper Project in Zambia provides exposure to copper, silver, zinc and cobalt mineralisation.

The company completed a maiden 2,000 metre Reverse Circulation Drilling program at the Tonic Prospect, confirming a new copper-silver-zinc-cobalt discovery.

Drilling identified mineralisation from surface that remains open along strike and at depth.

A key intercept returned 1 metre at 2.56% copper, 62.3 grams per tonne silver and 0.76% zinc from 55 metres.

Additional drilling results included 17 metres at 0.41% copper, 4.7 grams per tonne silver and 0.30% zinc from 29 metres.

Copper Discovery Provides Further Exploration Pathway

The Kitumba Project covers a 525 square kilometre licence holding, with the Tonic discovery located within a broader mineralised footprint.

Patriot estimates the potential mineralised area at approximately 1 kilometre by 800 metres, supported by geophysical data and partial drilling.

The project is located approximately 18 kilometres from Sinomine’s Kitumba copper processing and smelter infrastructure.

The company is planning further drilling to investigate extensions, including deeper mineralisation and additional geophysical targets.

Additional Copperbelt and Lithium Exposure

Patriot also holds exposure to Zambia’s Copperbelt through its licence interest near First Quantum Minerals’ exploration tenure and Mimosa Resources’ Kashime Project.

The company completed reconnaissance geological mapping, identifying prospective host sequences and structural features associated with copper mineralisation models.

In Canada, Patriot’s Gorman Lithium and Critical Minerals Project includes spodumene-bearing pegmatite systems.

Sampling has returned lithium oxide results of up to 3.71% Li₂O, alongside elevated tantalum and caesium values.

Patriot is assessing Options for Gorman to focus Capital allocation towards Tassa and Kitumba.

Growth Strategy Focused on Silver and Critical Minerals

Patriot stated that its portfolio strategy is centred on advancing high-grade silver and copper opportunities while maintaining exposure to critical minerals.

The company’s management team includes experience across Mining operations, project development, corporate strategy and exploration.

Patriot continues progressing exploration programs, permitting activities and potential resource growth opportunities across its portfolio.

Investor Takeaway

Patriot Resources’ latest update highlights a multi-asset exploration strategy anchored by the Tassa Silver-Gold Project in Peru and the Kitumba Copper Project in Zambia.

Investors may continue monitoring resource expansion activities, upcoming drilling programs, permitting progress and development pathways across Patriot’s silver, copper and critical minerals assets.