PMT/PMET is catalyst rich following the completion of the winter exploration program in April. A total of 166 drill holes were completed into the CV5 and CV13 pegmatites, with results from 111 of these yet to be reported. Of particular interest is the new high-grade zone discovered at CV13. Once all results are received, PMT will update the resource estimate for CV5 and release a maiden resource for CV13, both of which are likely to be released in early August 2024. The updated resource at CV5 will form the basis for a Preliminary Economic Assessment (PEA), which is expected to be released by the end of September 2024. We are reiterating our BUY rating on PMT/PMET but lower our price targets by 6% to A$1.70 and C$15.50 and reflect recent decline in spot spodumene prices.
To access the full report please log in under the Client Area at the bottom of this page.
Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.
If you would like to access our research please contact us to create an account.