Big Drill Hits

Big Drill Hits: The best lithium and gold hits of the week

Fri 19 May 23, 2:47pm (AEST)
Exploring - Drilled Rock Cores
Source: iStock

Key Points

  • Patriot Battery Metals and Latin Resources reported strong drill results, which led to share price gains
  • Patriot Battery Metals has been consistently releasing drill results since December, which have been well-received by investors

Welcome back to Weekly Big Drill Hits – A curated list of the most intriguing intersections made by ASX-listed explorers.

It was a rather lacklustre week for drilling results, with no uranium and nickel hits from our watchlist. We'll take a closer look at the results from Patriot Battery Metals and Latin Resources - both of which drew strong share price reactions.


Lithium hits
Date range: 15-19 May

Patriot Battery Metals has been pushing out drill results every month since its debt last December. The drill hits tend to be quiet well received, especially when market conditions aren't all over the place and lithium spot prices aren't free falling. The stock rallied 15.4% on the day of the drill hits on Wednesday, 17 May and now on the cusp of a fresh all-time high.

Patriot chart
Patriot Battery Metals chart (Source: TradingView)

Latin Resources started to break out of its 9-month trading range in early May. This follows non-market sensitive company presentations at the RIU Sydney Resources Roundup and CG Global Metals & Mining Conference on 11 and 12 May. News finally came about on Thursday, 18 May, where the results extended the footprint of its Colina Deposit to over 2.0 km long and 1.0 km wide.

LRS chart
Latin Resources chart (Source: TradingView)


Gold hits
Date range: 15-19 May


Copper hits
Date range: 15-19 May


Written By

Kerry Sun

Content Strategist

Kerry holds a Bachelor of Commerce from Monash University. He is an avid swing trader, focused on technical set ups and breakouts. Outside of writing and trading, Kerry is a big UFC fan, loves poker and training Muay Thai. Connect via LinkedIn or email.

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