Patagonia Lithium Limited (AU:PL3) has released an update.
Patagonia Lithium Ltd announces high porosity results from their second well at the Formentera Lithium Project in Argentina, indicating significant lithium brine presence with porosity values between 26%-33%. Core analyses suggest a substantial aquifer interval over 160m in depth, and a 48-hour pump test is planned to further assess brine release and recovery. These promising findings bolster the company’s production plans, with drilling of a fourth well underway.
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