Dom Duggan took the CEO chair at Patriot Resources on 2 February and was made Managing Director part-way through the year. Six months in, he sits across a Peruvian silver deposit with a 31.4Moz Inferred resource and a conceptual exploration target roughly twenty times that size, a maiden copper discovery in Zambia drilled for about A$200 a metre, a new Copperbelt licence, and a fresh $3m raise. We go through what gets drilled first, where the money comes from, and the community agreement standing between Patriot and a rig at Tassa. Discussed: - What Dom found at Patriot that he didn't expect, and whether it's a silver company or a portfolio explorer after the April 2025 name change - Staking Tassa 5 on 7 August, and why that ground was still available with Buenaventura, Teck, Barrick and Fresnillo all nearby - The community agreement as the critical path to drilling - Why Bear Creek and Teck both held this ground and neither drilled it out - The 31.4Moz Inferred resource from 26 historical holes: orebody style and conversion likelihood - The 559-774Moz AgEq exploration target, the rationale for publishing it, and how a number like that would rate regionally - What sits inside 52.68 g/t AgEq: contained silver, and the silver and gold prices behind the equivalence - The Bear Creek deal: US$3.5m over 30 months, US$500k paid, US$1m due at 18 months, US$1.5m at 30 months, and where that money comes from - The 156 million Colque milestone shares against 293 million on issue, and how much drilling triggers the first Indicated tranche - Zambia: 14 holes for 2,035 metres at roughly A$400,000, and whether ~A$200 a metre holds at scale - Tonic - 1m at 2.56% copper versus broad intervals of 0.11% to 0.41% - and which number describes the deposit - The Sinomine plant and smelter conversation, and whether Patriot's sediment-hosted ore fits an IOCG flowsheet with no metallurgical testwork done - A 5.5km Tonic corridor and when a rig goes back - The $500,000 Next Investors placement at 5 cents, a 28% premium, bundled with a 24-month IR and marketing agreement - The two or three milestones shareholders should hold him to by this time next year, and plan B if the community agreement isn't signed by Christmas LEVRD Partners WA WATER BORES The best water drillers in Australia James Harrington - 0429 695 538 https://www.wawaterbores.com.au/ MINING SELECT Find a Mining job RIGHT NOW!! https://www.miningselect.com.au/ Download the app and start the hunt LEVRD Socials X ► https://x.com/mattmichaelOG Instagram ► https://www.instagram.com/levrdmatty/ Tiktok ► https://www.tiktok.com/@levrdmatty Facebook ► https://www.facebook.com/levrdtrading Linkedin ► https://www.linkedin.com/company/levrd/ This channel and all the audio/video content is prepared by Life of Mine Podcast Pty Ltd (trading as Levrd). Levrd is an Authorised Representative (AR 001318377) of 62 Consulting Pty Ltd (ABN 88 664 809 303), AFSL 548573. Any views are general in nature, or the opinion are of Levrd. The audio/video contents are not personal financial or tax advice, this means they do not consider your objectives, financial situation or needs. Do not follow my trades, they are for entertainment purposes only. CFDs are high risk; you can lose all capital rapidly. My past performance isn't reliable. I may be long/short in CFDs mentioned in the audio/video. FSG: https://levrd.live/pages/fsg This material is not an offer, invitation or recommendation to acquire or dispose of any financial product including CFDs or to adopt any strategy. While believed reliable, the information may be incomplete or change without notice, it is provided for entertainment purposes only. Except for liability under statute that cannot be excluded, no representation or warranty of accuracy or completeness is given. No guarantee of returns or capital protection is given by 62 Consulting, Levrd or their related parties.
