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Patagonia Lithium Limited ( (AU:PL3) ) just unveiled an update.
Patagonia Lithium has advanced environmental permitting for its Formentera and Cilon lithium brine projects in Jujuy, Argentina, submitting an Environmental Impact Assessment for the advanced exploration stage to the Olaroz Chico Indigenous Community. It has also ensured official mining notices were served and acknowledged by key provincial authorities, positioning the 1,000 tonne demonstration plant for full permitting and facilitating a forthcoming UGAMP meeting with government and community stakeholders.
Operationally, drilling at the Formentera project continues to progress, with Well 7 reaching 150 metres and undergoing a second packer test as the company awaits further seismic, core porosity, assay and pump-test results. These steps build on a previously reported mineral resource of 551,400 tonnes of lithium carbonate equivalent and support Patagonia Lithium’s efforts to solidify its resource base and advance towards potential future development in the highly competitive lithium brine sector.
More about Patagonia Lithium Limited
Patagonia Lithium Ltd is an Australia-listed explorer focused on lithium brine projects in Argentina’s lithium triangle and critical metals in Brazil. Its flagship assets include the Formentera and Cilon projects in Jujuy province and the Tomas III project in Salta, alongside Brazilian concessions targeting ionic rare earth clays, niobium, antimony and lithium pegmatites near major producers.
Average Trading Volume: 686,591
Technical Sentiment Signal: Buy
Current Market Cap: A$33.13M
See more insights into PL3 stock on TipRanks’ Stock Analysis page.