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- Program comprises approximately 45,000m of drilling
- Drilling to focus on range of data collection
- Development-focused drilling to support the engineering and feasibility programs
- Program underway in the lead-up to FID
PMET Resources (ASX:PMT) has kicked off a drilling campaign as it heads towards a final investment decision (FID) at its world-class Shaakichiuwaanaan property in Quebec, Canada.
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Shaakichiuwaanaan hosts one of the largest pegmatite mineral resources and mineral reserves in the world, with the company recently unveiling a robust lithium-only feasibility study for the CV5 pegmatite.
Darren Smith, EVP exploration, said the feasibility results position the project as a potential North American critical mineral powerhouse.
“The 2026 summer-fall drill campaign is designed to further test and expand known exploration targets, while supporting the next phase of technical de-risking at Shaakichiuwaanaan as we advance CV5 and CV13 towards production,” Mr Smith said.
“While the program includes targeted resource growth and blue-sky exploration components, the majority of the drilling is focused on collecting the geological and engineering datasets required to support upcoming study, permitting, and development milestones.”
In the lead-up to drilling the company has successfully reopened the Shaakichiuwaanaan Camp, with all critical restart activities completed safely and ahead of schedule.
Restart activities included the recommissioning and inspection of key camp infrastructure – including power generation, heating, water treatment, and operational support systems – all of which were completed without any health and safety incidents.
The 45,000m of drilling for this campaign is expected to run through to October 2026, using between four and eight drill rigs.
The campaign will primarily be focused on advancing the development of the CV5 and CV13 pegmatites and will include geotechnical, hydrogeological, and geological/resource holes to support bulk sample design, the updated feasibility study and detailed engineering at CV5 as well as infill, step-out, and potential condemnation holes over identified infrastructure sites adjacent to CV13.
Many holes are expected to serve multiple technical and geological objectives, with the company currently in the final stages of optimising its drill plan.
The program is also targeting follow-up drilling of previous discoveries and testing of new areas – most notably in the CV13 area proximal to the Vega Zone and the CV5 to CV4 corridor.
PMT is steady at 67.0¢. Mkt cap $121.3M.
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