Patriot Resources (ASX:PAT) has acquired a 90% interest in a strategic Zambian Copperbelt licence positioned 17km along strike from First Quantum Minerals (TSE:FM) and Mimosa Resources’ Fishtie/Kashime Copper Project.
The total consideration amounts to US$50,000 ($71,994) for the 16.15km² licence, with Patriot paying US$20,000 on signature and the balance due upon completion.
Vendor MNS Global World Import and Export retains a 10% free carry arrangement.
Located 12km north of Mkushi and 90km southeast of Ndola, the licence covers the southwestern extension of the Lusale Basin mineralised corridor, interpreted as an eastern extension of the Democratic Republic of the Congo (DRC)/Zambian Central African Copperbelt.
Patriot notes the geological setting mirrors the stratigraphic position of the Kamoa deposit in the southern DRC and the Lonshi deposit on the eastern edge of the Zambian Copperbelt.
“This acquisition reflects Patriot’s strong corporate and technical presence in Zambia,” the company says.
“It complements [our] recent copper discovery at Tonic in Mumbwa, with both areas considered highly prospective for large-scale, shallow copper deposits.”
Patriot is planning a phase one drill program at the new licence in the Q3 2026, led by Chief Geologist Eugene Gotora, alongside near-term geophysics and mapping.
The company is also gearing up for phase two drilling at Tonic while continuing its divestment strategy for the Gorman Lithium Project in Ontario, Canada, to focus resources on copper and silver opportunities across Zambia and Peru.
Patriot Resources is an explorer focused on copper, silver, and critical metals in tier one mining jurisdictions.
Write to Paula Fabe at Mining.com.au
Images: Patriot Resources
