Patagonia Lithium Announces Promising NMR Survey Results at Formentera Project

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%

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Technical Sentiment Signal: Buy

Current Market Cap: A$6.69M

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