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Patagonia Lithium Limited ( (AU:PL3) ) has issued an announcement.
Patagonia Lithium Ltd has announced promising results from its Nuclear Borehole Magnetic Resonance (NMR) survey at the Formentera Lithium Brine Project in Argentina. The survey at well JAM24-04 revealed a maximum porosity of 40% and an average specific yield porosity of 9%, which is more than double the value used in the initial Mineral Resource Estimate. These findings suggest a high potential for lithium extraction, supporting the viability of the project and potentially enhancing the company’s resource calculations. The results also indicate the presence of a good aquifer and increasing lithium values with depth, which could significantly impact Patagonia Lithium’s operations and industry positioning.
More about Patagonia Lithium Limited
Patagonia Lithium Ltd is a company operating in the lithium industry, focusing on the exploration and development of lithium brine projects. The company is primarily engaged in the extraction of lithium, a key component in battery production, which is crucial for the growing electric vehicle market.
YTD Price Performance: -33.33%
Average Trading Volume: 64,897
Technical Sentiment Signal: Buy
Current Market Cap: A$6.69M
Find detailed analytics on PL3 stock on TipRanks’ Stock Analysis page.