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Patagonia Lithium Limited ( (AU:PL3) ) has shared an announcement.
Patagonia Lithium Ltd has announced a significant maiden JORC Inferred Mineral Resource Estimate of 3.8 million tonnes of Lithium Carbonate Equivalent (LCE) at its Formentera Lithium Brine Project in Argentina. This positions the project as a highly strategic asset with substantial lithium resources and potential for further resource expansion. The company plans to advance its exploration efforts and submit a demonstration plant application, leveraging proven Ekosolve™ Direct Lithium Extraction technology, which enhances lithium recovery efficiency and mitigates risks associated with traditional extraction methods.
More about Patagonia Lithium Limited
Patagonia Lithium Ltd operates in the lithium industry, focusing on the exploration and development of lithium brine projects. Their primary product is lithium carbonate, sourced from projects like the Formentera Lithium Brine Project in Argentina, located within the lithium-rich ‘lithium triangle’.
YTD Price Performance: 5.00%
Average Trading Volume: 24,504
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$6.29M
For a thorough assessment of PL3 stock, go to TipRanks’ Stock Analysis page.