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Patagonia Lithium Limited ( (AU:PL3) ) has issued an announcement.
Patagonia Lithium reported new borehole magnetic resonance and gamma survey results from well six at its Formentera lithium brine project in Argentina, confirming high total porosity averaging 22% and specific yield averaging 8% across a 462-metre interval. The data delineate eight brine-bearing zones below 88 metres, show resistivity levels consistent with lithium brines, and support a simulated production capacity of 160,000 litres of brine per hour from an eight-inch well.
Management said the strong porosity and specific yield readings, together with a previously recorded lithium grade of 412 ppm in well six, are expected to significantly influence an upcoming mineral resource estimate update. These results underpin the hydrological model for potential production wells and reinforce the project’s promise as a high-flow-rate lithium brine asset, with implications for the company’s resource base and development plans.
The most recent analyst rating on (AU:PL3) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Patagonia Lithium Limited stock, see the AU:PL3 Stock Forecast page.
More about Patagonia Lithium Limited
Patagonia Lithium Ltd is an Australian-listed exploration company focused on lithium brine projects, with operations in Argentina. The company is targeting high-porosity, lithium-bearing aquifers to support future mineral resource growth and potential brine production for the battery materials market.
Average Trading Volume: 701,435
Technical Sentiment Signal: Buy
Current Market Cap: A$36.24M
For detailed information about PL3 stock, go to TipRanks’ Stock Analysis page.