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Patagonia Lithium Limited ( (AU:PL3) ) has shared an update.
Patagonia Lithium Ltd has commenced drilling at its Formentera concession, aiming to reach a depth of 600 meters to increase its mineral resource estimate. This drilling is expected to enhance the company’s resource confidence and potentially increase lithium production, as the well targets a geophysics-indicated area with high porosity and low resistivity, which are promising for lithium brine extraction.
More about Patagonia Lithium Limited
Patagonia Lithium Ltd is a company operating in the lithium industry, focusing on the exploration and development of lithium resources. The company is involved in drilling and resource estimation activities to enhance its lithium production capabilities.
Average Trading Volume: 154,102
Technical Sentiment Signal: Buy
Current Market Cap: A$9.85M
For detailed information about PL3 stock, go to TipRanks’ Stock Analysis page.