An announcement from Patagonia Lithium Limited ( (AU:PL3) ) is now available.
Patagonia Lithium Limited has announced an inferred mineral resource estimate of 717,000 tonnes of lithium metal, equating to approximately 3.8 million tonnes of lithium carbonate equivalent, from its Argentina operations. The company plans to enhance this estimate through further surveys and drilling, with a focus on increasing geological confidence and understanding of the resource. Additionally, Patagonia has secured exploration concessions in Brazil and successfully raised $3.56 million through a share placement to fund its 2025 objectives, including a scoping study and feasibility study for a demonstration plant application.
More about Patagonia Lithium Limited
Patagonia Lithium Limited operates in the lithium mining industry, focusing on the exploration and development of lithium resources. The company is involved in projects in Argentina and Brazil, aiming to produce lithium carbonate, a key component for batteries and electric vehicles.
YTD Price Performance: -18.75%
Average Trading Volume: 56,770
Technical Sentiment Signal: Buy
Current Market Cap: A$7.76M
Learn more about PL3 stock on TipRanks’ Stock Analysis page.