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The latest announcement is out from Patagonia Lithium Limited ( (AU:PL3) ).
Patagonia Lithium Ltd has announced the results of a Nuclear Borehole Magnetic Resonance (NMR) survey conducted at its Formentera Lithium Brine Project in Argentina. The survey revealed a maximum porosity of 41% and a specific yield of 28% in the well, indicating a substantial aquifer over a depth of 205 meters. These findings are promising for the company’s upcoming Mineral Resource calculation, potentially enhancing its resource estimates and strengthening its position in the lithium market.
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 engaged in activities that aim to harness lithium resources, which are crucial for the production of batteries and other energy storage solutions, particularly in the growing electric vehicle market.
Average Trading Volume: 57,889
Technical Sentiment Signal: Sell
Current Market Cap: A$5.73M
Learn more about PL3 stock on TipRanks’ Stock Analysis page.