Yes, and if you do a large enough partial mash, you should be able to really reduce the amount of DME or LME you use. You could do a mash of, say, 6 pounds and reduce the DME by as much as 3 pounds. (I'd have to calculate it out, by that's my guestimate, depending on what you were actually mashing). If you find a recipe that you want to try to do as a partial mash, brewing software like Beersmith really helps. That's what I used when I went from extract to PM to AG using the same recipes.