** Citi hikes its price target for ASX-listed shares of Patriot Battery Metals PMT.AX PMET.TO by 15 Australian cents per share to 50 AU cps; maintains "buy" rating

** The explorer confirms world’s largest pollucite-hosted caesium pegmatite deposit at the Shaakichiuwaanaan Project in Canada's Quebec province

** Brokerage raises its assumed equity raise price this calendar year to reflect recent share price appreciation; shares jumped 19.5% this month

** Reduces share dilution assumptions given share rally

** All 5 analysts rated "buy" on ASX shares, median PT at A$0.41, per LSEG compiled data

** YTD, ASX-listed shares of PMT up 13.6%

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))