By Digifin Pty Ltd · About this coverage
Key Points
- Caesium Zone Mineral Resource of 1,844,000 t at 4.40% Cs2O Indicated and 981,000 t at 3.00% Cs2O Inferred
- Contained Cs2O rose from 71,000 t to 110,600 t, with maiden rubidium resource declared
- Consolidated 113.9 Mt at 1.43% Li2O Indicated and 33.8 Mt at 1.24% Li2O Inferred; contained LCE up 5%
- Updated Feasibility Study and Preliminary Economic Assessment expected before year end
- Estimate does not materially change the current Mineral Reserve estimate, per PMET
About PMET Resources (ASX:PMT)
PMET Resources Inc. is a Montreal-headquartered critical minerals exploration and development company listed on the TSX, with its securities quoted on the ASX under the code PMT. It is developing the Shaakichiuwaanaan lithium project in the James Bay region of Quebec, Canada.
PMET released its fifth consolidated Mineral Resource Estimate for the Shaakichiuwaanaan Property in Quebec, which raises lithium, caesium and tantalum resources and is intended to underpin an updated Feasibility Study and a Preliminary Economic Assessment expected before year end.
The Caesium Zone MRE, within the CV13 Pegmatite, is 1,844,000 t at 4.40% Cs2O Indicated for 81,200 t of contained Cs2O and 981,000 t at 3.00% Cs2O Inferred for 29,400 t. PMET says contained Cs2O rose from 71,000 t to 110,600 t, and a maiden rubidium resource is declared at 0.46% Rb2O Indicated and 0.37% Rb2O Inferred. The consolidated estimate for CV5, CV13 and CV4 is 113.9 Mt at 1.43% Li2O and 164 ppm Ta2O5 Indicated for 4.03 Mt LCE, and 33.8 Mt at 1.24% Li2O and 150 ppm Ta2O5 Inferred for 1.03 Mt LCE. Contained LCE is up 5%, and CV4 adds a maiden Inferred resource of 1.75 Mt at 1.24% Li2O. The effective date is July 10, 2026, and the independent Competent Person and Qualified Person is Todd McCracken of BBA Consultants. PMET says the estimate does not materially change the current Mineral Reserve estimate or the economic conclusions of the CV5 Lithium-Only Feasibility Study announced October 20, 2025.
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The Preliminary Economic Assessment is to provide the first preliminary economic evaluation of caesium for the Project. Drilling completed in 2026 is excluded and is anticipated to feed a 2027 update.
Source: PMET Resources Inc. (ASX:PMT), 4 November 2026. Summary content supplied by Digifin Pty Ltd.
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