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Patagonia Lithium Limited ( (AU:PL3) ) has issued an announcement.
Patagonia Lithium Ltd reported significant progress in its Formentera Lithium Project in Argentina, with a major increase in its Mineral Resource Estimate (MRE) for lithium carbonate equivalent. The company aims to develop the project into a significant lithium-producing operation, enhancing shareholder value. The recent MRE update, following a Borehole Magnetic Resonance program, marks a 319% increase, highlighting the project’s potential impact on the company’s operations and market positioning.
More about Patagonia Lithium Limited
Patagonia Lithium Ltd is engaged in mineral exploration projects primarily in Argentina and Brazil, focusing on key commodities such as lithium, niobium, rare earth elements, antimony, and spodumene.
Average Trading Volume: 87,861
Technical Sentiment Signal: Hold
Current Market Cap: A$7.16M
For an in-depth examination of PL3 stock, go to TipRanks’ Overview page.