ASX ANNOUNCEMENT

14 March 2025 ASX: PAT

PATRIOT EXERCISES OPTION AT KITUMBA 27715

Patriot Lithium Limited (“Patriot”, “PAT” or the “Company”) is pleased to announce the
exercise of the option for the Kitumba Copper Project 27715-HQ-LEL (“Kitumba 27715”) (refer
announcement dated 16 December 2024).

• First pass exploration by Patriot on Kitumba 27715 has already yielded excellent results.
Grab samples analyzed using a portable XRF analyzer returned high grade copper readings
of 2.46% Cu and averaged 1.23% Cu.

• Exercise of the option is consistent with Patriot’s strategy of targeting high grade copper
occurrences within the Mumbwa Copper Region

• Kitumba 27715 surrounds Sinomine Group’s Kitumba Copper Deposit to the North, East
and South. Sinomine is currently investing some US$600m to bring this deposit into
production.1
The Company will seek shareholder approval for the issue of the 2,000,000 shares to complete
this transaction.

Figure 1:Patriot Licences relative to Sinomine Kitumba Licence

1 https://www.pdu.gov.zm/blog/a-transformational-600-million-investment-in -kitumba-mine

PATRIOT LITHIUM Limited Suite 6, 245 Churchill Avenue Phone: +61 (0) 413 621 652
www.patriot-lithium.com Subiaco WA 6008, E-mail: [email protected]
PROJECT BACKGROUND
Kitumba 27715 is located 13km North-West of Mumbwa town, and approximately 150km
North-West of Lusaka, Zambia. The large-scale exploration Licence covers approximately
255km2.
The Licence is located within the Kitumba Iron Oxide Copper Gold formation (“IOCG”) and
located within a giant iron oxide alteration system which is developed along a 26km long
North-Northwest to South-Southeast trending structural corridor referred to as the Kitumba
Fault Zone.
Apart from the Kitumba Fault Zone, the region is dominated by North-South and Northeast-
Southwest trending conjugate faults which offsets the Kitumba Fault Zone in a number of
places creating further conduits for copper-gold mineralisation.

Figure 2:Target B1 location inside Patriot Licence

First pass exploration by Patriot has already yielded excellent results - a total of 3 samples
were collected from Target B1, grab sampling from exposures within the artisanal workings.
The workings comprise a historical trench and two small pits side by side, exposing a 5m wide
quartzite outcrop, approximately 40m strike length with visible malachite and chalcopyrite.
The samples were analyzed at our camp site using a portable XRF analyzer. The best sample
returned a high grade of 2.46% Cu and averaged 1.23% Cu, see Appendix 1. 2

2
Waller, C.G., Robertson, M.J., Witley, J.C., Carthew, G.H. and Morgan, D.J.T., 2014 - Kitumba copper project, optimised pre-
feasibility study, NI 43-101 Technical Report, prepared for Intrepid Mines Limited by Lycopodium Minerals Pty Ltd, 279p.

PATRIOT LITHIUM Limited Suite 6, 245 Churchill Avenue Phone: +61 (0) 413 621 652
www.patriot-lithium.com Subiaco WA 6008, E-mail: [email protected]
Caution Regarding pXRF results
Portable XRF readings should not be considered substitutes for laboratory analysis and are not
representative of whole rock concentration but represent a concentration measured at a
single point. Portable XRF tools have been used to aid geological interpretation and act both
as semi-qualitative and semi-quantitative guide.
Caution Regarding Forward-Looking Information
Certain statements in this announcement relate to the future, including forward-looking
statements relating to the Company and its business (including its projects). These forward-
looking statements involve known and unknown risks, uncertainties, assumptions, and other
important factors that could cause the actual results, performance or achievements of the
Company to be materially different from future results, performance or achievements
expressed or implied by such statements. Although the Company believes that its
expectations, estimates and forecast outcomes are based on reasonable assumptions, it can
give no assurance that they will be achieved.
Competent Persons Statement
The information in this report that relates to Exploration Targets and Results is based on
information compiled by Mr Eugene Gotora, a member of The Australasian Institute of Mining
and Metallurgy and The South African Institute of Mining and Metallurgy. Mr Gotora is the
Company’s Chief Geologist and has sufficient experience relevant to the style of mineralisation
and type of deposit under consideration and to the activity he is undertaking to qualify as a
Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves”. Mr Gotora consents to the
inclusion of the information in the form and context in which it appears.

PATRIOT LITHIUM Limited Suite 6, 245 Churchill Avenue Phone: +61 (0) 413 621 652
www.patriot-lithium.com Subiaco WA 6008, E-mail: [email protected]
APPENDIX 1: Handheld XRF assays from Kitumba 27715, Target B1
Sample Test ID XRF Date Assay Time Assays +/-Assay Assays.
ID Test # (Sec) (Cu%) variation Ave(Cu%)
U3799 1 561 24.02.2025 30 0.3217 0.0027
0.33%
U3799 2 562 24.02.2025 30 0.3350 0.0034
U3798 1 563 24.02.2025 30 0.0032 0.0007
1.23%
U3798 2 564 24.02.2025 30 2.4574 0.0100
U3797 1 565 24.02.2025 30 0.0000 0.0000
U3797 2 566 24.02.2025 30 0.0000 0.0000
U3800 1 581 24.02.2025 30 0.0809 0.0014
0.36%
U3800 2 582 24.02.2025 30 0.6448 0.0047

JORC Code, 2012 Edition – Table 1

Kitumba 27715 Sampling
Section 1 Sampling Techniques and Data
Criteria JORC Code explanation Commentary
Sampling • Nature and quality of sampling (eg cut channels, random chips, or • At Target B1 pits, grab samples were taken on outcrops exposed
techniques specific specialised industry standard measurement tools appropriate inside the artisanal pit
to the minerals under investigation, such as down hole gamma
sondes, or handheld XRF instruments, etc). These examples should • All samples were geologically logged on-site, bagged into
not be taken as limiting the broad meaning of sampling. sample plastic bags and tied
• Include reference to measures taken to ensure sample representivity • Sampling was done using the geological hammer, chipping
and the appropriate calibration of any measurement tools or systems mainly visually mineralised portions of the outcrop,
used.
• Aspects of the determination of mineralisation that are Material to the • Approximately 2.0kg of material was chipped per sample and
Public Report. analysed using an pXRF, SciAps X505 model at the campsite
• In cases where ‘industry standard’ work has been done this would be in Mining mode.
relatively simple (eg ‘reverse circulation drilling was used to obtain 1 • The pXRF was calibrated before analysis using the 316 stainless
m samples from which 3 kg was pulverised to produce a 30 g charge steel coupon that came with the unit on the nose for 15 seconds.
for fire assay’). In other cases more explanation may be required,
such as where there is coarse gold that has inherent sampling
problems. Unusual commodities or mineralisation types (eg

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 submarine nodules) may warrant disclosure of detailed information. • Samples were analysed at camp and two shots were beamed
per samples for 30 seconds each. Ph and moisture content of
the sample was not taken into consideration during analysis.
• All the samples visually looked “dry” on collection and during
sampling.
• The SciAps X505 portable XRF analyser does not record
temperature readings but is designed to operate at ambient
temperatures of -12°C to 54°C at a 25% duty cycle.
• Sampling techniques for field duplicate samples is discussed at
Quality of assay data.
Drilling • Drill type (eg core, reverse circulation, open-hole hammer, rotary air • Not Applicable
techniques blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple
or standard tube, depth of diamond tails, face-sampling bit or other
type, whether core is oriented and if so, by what method, etc).
Drill sample • Method of recording and assessing core and chip sample recoveries • Not Applicable
recovery and results assessed.
• Measures taken to maximise sample recovery and ensure
representative nature of the samples.
• Whether a relationship exists between sample recovery and grade
and whether sample bias may have occurred due to preferential
loss/gain of fine/coarse material.
Logging • Whether core and chip samples have been geologically and Grab Sampling
geotechnically logged to a level of detail to support appropriate • Grab samples were collected on exposed outcrops using a
Mineral Resource estimation, mining studies and metallurgical geological hammer to cut rock chips mainly targeting visually
studies. mineralized sections.
• Whether logging is qualitative or quantitative in nature. Core (or • Bias was minimized though it cannot be totally avoided due to
costean, channel, etc) photography. the nature of the sampling method.
• The total length and percentage of the relevant intersections logged. • Geological data is recorded in the field using analog methods.
Data recorded includes GPS location, Prospect location,
exposure type, lithology, alteration and potential mineralization.
• Alteration and mineralization are preliminary determined by field
observation.
Sub-sampling • If core, whether cut or sawn and whether quarter, half or all core • High quality sampling procedures and appropriate sample
techniques taken. preparation techniques were followed.
and sample • If non-core, whether riffled, tube sampled, rotary split, etc and • Several standards (commercial certified reference material) were
preparation whether sampled wet or dry.
inserted at intervals of 2 in 20 in rotation. Immediately following a
• For all sample types, the nature, quality and appropriateness of the
blank, a standard was inserted.

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 sample preparation technique. • Field duplicates taken at rate of 1 in 30 for grab samples
• Quality control procedures adopted for all sub-sampling stages to • XRF results are semi-quantitative at this stage
maximise representivity of samples. • Sample size (approximately 2kg in mass) considered appropriate
• Measures taken to ensure that the sampling is representative of the in
situ material collected, including for instance results for field to the grain size of material being sampled.
duplicate/second-half sampling.
• Whether sample sizes are appropriate to the grain size of the material
being sampled.
Quality of • The nature, quality and appropriateness of the assaying and
assay data laboratory procedures used and whether the technique is considered • For Grab samples a handheld portable Xray fluorescence,
and partial or total. SciAps X505 analyser was used
laboratory • For geophysical tools, spectrometers, handheld XRF instruments, etc,
tests • The pXRF is a SciAps X505 with the latest 2024 software and is
the parameters used in determining the analysis including instrument
make and model, reading times, calibrations factors applied and their calibrated daily. The Mining method with 2 beam analysis set to
derivation, etc. 15 sec per beam for 30 second read time.
• Nature of quality control procedures adopted (eg standards, blanks, • Two shots were taken per each sample, targeting different
duplicates, external laboratory checks) and whether acceptable levels portions and results averaged to minimize bias.
of accuracy (ie lack of bias) and precision have been established. • The instrument was calibrated before daily use using a 316-
coupon provided by the manufacturer.
• Calibration was done for approximately 15 seconds.
• Two certified reference material (AMIS0865 and AMIS0381)
were analysed as part of the batch to monitor QA/QC.
• AMIS0865 is a silica blank control which was used to monitor
contamination of the detector window.
• CRMs were analysed as single shot due to their homogeneous
material nature.
• Results from the certified reference material analysis were
acceptable, see table below
XRF Date Assay Assays +/-Assay Expected CRM
Test # Time (Cu%) variation (Cu%)
(Sec)
579 24.02. 30 0.00 0.00 0.00 AMIS
2025 0865
580 24.02. 30 0.72 0.0065 0.70% AMIS
2025 0381

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 • It should be noted that pXRF analysis is not as accurate as
lab analysis. The pXRF results are regarded by Patriot as
indicative copper grades only but are viewed as suitable for
determining areas of anomalous copper mineralisation.
Verification of • The verification of significant intersections by either independent or • All geological data including the coordinates, lithological
alternative company personnel. observations, strike, dip and mineralization etc. was recorded on
sampling and
• The use of twinned holes. prepared logging templates in the field by the geologist, then
assaying • Documentation of primary data, data entry procedures, data inserted into Excel spreadsheet template (2021).
verification, data storage (physical and electronic) protocols.
• All data was ultimately stored into Microsoft access database
• Discuss any adjustment to assay data.
and shared with relevant members.
Location of • Accuracy and quality of surveys used to locate drill holes (collar and • GPS locations were recorded in WGS84 UTM Zone 35 South
data points down-hole surveys), trenches, mine workings and other locations using a Garmin GPS66s model
used in Mineral Resource estimation. • All geologically relevant features, i.e. pit workings, trenches,
• Specification of the grid system used.
sampling points were surveyed by the handheld GPS
• Quality and adequacy of topographic control.
• No DGPS survey was undertaken for this current work
Data spacing • Data spacing for reporting of Exploration Results. • The nature of this exploration phase is target generated and still
and • Whether the data spacing and distribution is sufficient to establish the early stage.
distribution degree of geological and grade continuity appropriate for the Mineral • Data spacing and distribution is not yet sufficient to establish
Resource and Ore Reserve estimation procedure(s) and geological and grade continuity.
classifications applied.
• Whether sample compositing has been applied.
Orientation of • Whether the orientation of sampling achieves unbiased sampling of • At the prospect only grab samples were collected
data in possible structures and the extent to which this is known, considering • Sampling was biased targeting visibly mineralised portions to get
relation to the deposit type. a general idea of mineralisation
geological • If the relationship between the drilling orientation and the orientation • A detailed sampling program will be conducted at a later stage
structure of key mineralised structures is considered to have introduced a with samples expected to be sent to a certified lab for more
sampling bias, this should be assessed and reported if material. accurate analysis
Sample • The measures taken to ensure sample security. • All samples were tagged and bagged in sample plastics before
security driving them to the campsite for analysis and storage
• Samples were analysed on arrival from the field at the campsite
with a pXRF analyser.
• Samples were re-tied and stored securely at the campsite after
analysis.

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 Audits or • The results of any audits or reviews of sampling techniques and data. • No audits of the sampling procedures or protocols has taken
reviews place as yet.
• A review of all samples including mineralised intercepts was
undertaken by the geologist.

Section 2 Reporting of Exploration Results

Criteria JORC Code explanation Commentary
Mineral • Type, reference name/number, location and ownership including • The large-scale Licence 27715-HQ-LEL covering Target B1 in
tenement and agreements or material issues with third parties such as joint Mumbwa is held by Newlight Nominees Zambia Limited
land tenure ventures, partnerships, overriding royalties, native title interests, (Zambia), with Patriot Lithium Limited acquiring an option to
status historical sites, wilderness or national park and environmental
acquire an 80% interest in the large-scale Licence.
settings.
• The security of the tenure held at the time of reporting along with any • The Licence is active and valid till 30/05/2027 and covers
known impediments to obtaining a licence to operate in the area. 25,511.29 Ha.
Exploration • Acknowledgment and appraisal of exploration by other parties. • There is a regional geological map, 1;100,000 covering the
done by other Licence from the Geological Survey department, Zambia,1998.
parties • During the 1990’s Billiton conducted soil geochemical surveys
over the Licence
• A regional airborne magnetics survey was done over the area in
2004 by BHP Billiton and Blackthorn Resources.
• Sinomine Kitumba conducted geochemical soil sampling and
drilling recently within the area
Geology • Deposit type, geological setting and style of mineralisation. • Sequences of carbonates and calcarenites interlayered with
shales and siltstones of the Katanga Supergroup can be mapped
over the Licence.
• The geological setting is structurally controlled with major NW-
SE trending faults.
Drill hole • A summary of all information material to the understanding of the • Not Applicable
Information exploration results including a tabulation of the following information
for all Material drill holes:
o easting and northing of the drill hole collar
o elevation or RL (Reduced Level – elevation above sea level in
metres) of the drill hole collar
o dip and azimuth of the hole
o down hole length and interception depth
o hole length.

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 • If the exclusion of this information is justified on the basis that the
information is not Material and this exclusion does not detract from
the understanding of the report, the Competent Person should clearly
explain why this is the case.
Data • In reporting Exploration Results, weighting averaging techniques, • No lower or upper limit to Cu grades has been applied and all
aggregation maximum and/or minimum grade truncations (eg cutting of high metal grades are reported as single element (Cu)
methods grades) and cut-off grades are usually Material and should be stated. • An average grade (Cu) respectively of the entire assays was
• Where aggregate intercepts incorporate short lengths of high grade
calculated for reporting purposes.
results and longer lengths of low grade results, the procedure used
for such aggregation should be stated and some typical examples of • No metal equivalent reported in this report
such aggregations should be shown in detail.
• The assumptions used for any reporting of metal equivalent values
should be clearly stated.
Relationship • These relationships are particularly important in the reporting of • The geometry of any mineralised bodies is unknown at this
between Exploration Results. stage.
mineralisation • If the geometry of the mineralisation with respect to the drill hole • Due to the very early nature and style of the exploration
widths and angle is known, its nature should be reported.
intercept undertaken it cannot be known if intercepts reported represent
• If it is not known and only the down hole lengths are reported, there
lengths true widths of mineralised structures, lodes or zones.
should be a clear statement to this effect (eg ‘down hole length, true
width not known’).
Diagrams • Appropriate maps and sections (with scales) and tabulations of • See body of announcement and appendix for plans showing
intercepts should be included for any significant discovery being project location, mapping interpretation, and tables of sampling
reported These should include, but not be limited to a plan view of results.
drill hole collar locations and appropriate sectional views.
Balanced • Where comprehensive reporting of all Exploration Results is not • All results of mineralised material have been reported, including
reporting practicable, representative reporting of both low and high grades low grade indications as well as higher grade zones (>2% Cu)
and/or widths should be practiced to avoid misleading reporting of • This report discusses the findings of recent reconnaissance
Exploration Results.
sampling and field mapping observations.
Other • Other exploration data, if meaningful and material, should be reported • Relevant data has been reported, refer to references in the text.
substantive including (but not limited to): geological observations; geophysical
exploration survey results; geochemical survey results; bulk samples – size and
data method of treatment; metallurgical test results; bulk density,
groundwater, geotechnical and rock characteristics; potential
deleterious or contaminating substances.
Further work • The nature and scale of planned further work (eg tests for lateral • Patriot Lithium Limited is planning further exploration work
extensions or depth extensions or large-scale step-out drilling). programs, including geophysics, and further geochemical and
• Diagrams clearly highlighting the areas of possible extensions, drilling programs.
including the main geological interpretations and future drilling areas,
provided this information is not commercially sensitive.