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Patagonia Lithium Limited ( (AU:PL3) ) has issued an announcement.
Patagonia Lithium Limited successfully completed significant exploration activities in Argentina, including the drilling of well four at their Formentera/Cilon project, yielding promising lithium assay results and a substantial increase in pump test performance. The company reported an inferred mineral resource estimate of approximately 3.8 million tonnes of lithium carbonate equivalent. Additionally, they secured 25 exploration concessions in Brazil and are planning reconnaissance work in priority areas. The company is negotiating further funding to support its 2025 objectives, including resource estimate upgrades, additional surveys, and a feasibility study for their Ekosolve demonstration plant.
More about Patagonia Lithium Limited
Patagonia Lithium Limited (ASX:PL3) is a company focused on lithium brine and ionic clay rare earth exploration. They have significant projects in Argentina, particularly in the lithium triangle, with concessions in the Paso Salar and Incahuasi Salar regions. Additionally, the company holds 22 exploration concessions in Brazil across the states of Mato Grosso, Minas Gerais, and Goias.
YTD Price Performance: 0.0%
Average Trading Volume: 187,846
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$5.99M
Learn more about PL3 stock on TipRanks’ Stock Analysis page.
