What did PMET Resources (ASX:PMT) announce regarding its Canadian lithium project?

PMET Resources has officially commenced its 2026 summer-fall drilling campaign at its wholly owned Shaakichiuwaanaan Property in Quebec, Canada. Following the ahead-of-schedule reopening of its on-site camp, exploration teams are deploying to execute approximately 45,000 metres of targeted drilling.

Why does the 2026 drilling campaign matter for PMET Resources (ASX:PMT) shareholders?

This campaign is a critical technical de-risking step required to advance the property's CV5 and CV13 sectors closer toward commercial production. By gathering essential engineering and geological datasets, management aims to progress permitting, design bulk samples, and update the project's feasibility study.

How much drilling is PMET Resources (ASX:PMT) planning to complete, and where?

The company plans to complete approximately 45,000 metres of total drilling across the Shaakichiuwaanaan Property. Roughly 25,000 metres of this total are allocated specifically to development drilling at the CV5 Pegmatite.

What were the previous exploration results that PMET Resources (ASX:PMT) is trying to build upon?

The 2026 campaign is designed to follow up on strong 2025 intercept results that confirmed high-grade lithium mineralisation within the CV5-CV4 corridor.

What is the main bull case for PMET Resources (ASX:PMT) following this news?

The bull case rests on the significant scale of the 45,000-metre program and its potential to rapidly expand high-grade lithium resources while simultaneously advancing feasibility studies. The ahead-of-schedule camp reopening demonstrates strong operational execution.

Image for illustrative purposes only. Not a real photo.

PMET Resources commences Canadian lithium drilling

Written by Mahathir BayenaPublished May. 22 2026Last Updated May. 22 2026

PMET Resources (ASX:PMT) commenced its extensive 2026 summer-fall drilling campaign at its wholly owned Shaakichiuwaanaan Property, situated in the Eeyou Istchee James Bay region of Quebec, Canada.

Following the reopening of the Shaakichiuwaanaan Camp, exploration teams are actively remobilising to the site to execute approximately 45,000m of targeted drilling.

The dual-focused programme balances aggressive resource exploration with rigorous development-focused engineering.

Exploration initiatives will feature step-out and infill drilling at the CV13 Pegmatite, alongside critical follow-up drilling across the highly prospective CV5-CV4 corridor.

The fieldwork aims to build upon strong 2025 intercept results, which highlighted high-grade lithium mineralisation, including 27m at 1.14% Li2O and 12m at 1.42% Li₂O.

Concurrently, development engineering programmes will see roughly 25,000m of drilling allocated to the CV5 Pegmatite to support bulk sample design, detailed engineering activities, and an updated feasibility study.

Additional geotechnical, hydrogeological, and condemnation drilling will take place over infrastructure sites adjacent to the CV13 Resource.

Darren L. Smith, Executive Vice President of Exploration, emphasised that while the campaign includes targeted resource growth and blue-sky exploration, the primary focus remains on securing key geological and engineering datasets.

The technical de-risking is essential for advancing the CV5 and CV13 sectors towards production.

At the time of reporting, PMET Resources’ share price was $0.70.