Patagonia Lithium Limited (AU:PL3) has released an update.
Patagonia Lithium Ltd has embarked on drilling their third well at the promising Formentera Lithium Project, reaching a depth of 30 meters and preparing for pilot plant production. The successful commencement of drilling at well JAM 24-03 follows the discovery of two areas with extremely low resistivity, indicating high potential for lithium. The company is simultaneously gearing up for drilling the next well, JAM 24-04, as part of their ongoing exploration and development efforts.
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