Patagonia Lithium Limited (AU:PL3) has released an update.
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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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