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Patagonia Lithium Limited ( (AU:PL3) ) has provided an announcement.
Patagonia Lithium Limited has announced a significant increase in its inferred and indicated Mineral Resource Estimate (MRE) for lithium at its Argentina projects, with a 319% rise in lithium metal resources to 103,000 tonnes. This development, highlighted by improvements in specific yield and lithium concentration, positions the company favorably in the lithium market. The company plans to continue exploration efforts, including additional drilling and geophysical surveys, to further enhance geological confidence and resource estimates.
More about Patagonia Lithium Limited
Patagonia Lithium Limited operates in the mining industry, focusing on the exploration and development of lithium resources. The company is primarily engaged in projects located in Argentina, aiming to capitalize on the growing demand for lithium, a critical component in battery technology.
Average Trading Volume: 72,795
Technical Sentiment Signal: Sell
Current Market Cap: A$5.25M
Learn more about PL3 stock on TipRanks’ Stock Analysis page.