Australia's Patriot Lithium hits record low on suspension of drilling programe in Ontario

Patriot Resources

03/06/2024 02:17

** Shares of Patriot Lithium  PAT.AX  fall as much as 21.8%
to an all-time low of A$0.061 
    ** Mineral explorer's planned 2024 drilling programme for
its Gorman lithium project in Ontario gets temporarily suspended
    ** Says Sandy Lake First Nation community advised co it
currently does not have its authorisation to proceed with
planned work
    ** Says co has halted the drilling programme until further
community engagement has been conducted
    ** Says co had already mobilised the drilling crew and air
support in preparation for commencement of drilling
    ** About 1.2 mln shares change hands, compared with 30-day
average trading volume of 217,660 shares 
    ** Stock down 56.7% YTD, as of last close 

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))