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Patagonia Lithium Limited ( (AU:PL3) ) has issued an update.
Patagonia Lithium Limited announced a significant Mineral Resource Estimate (MRE) at its Formentera Lithium Brine Project, with an insitu lithium metal resource of 717,000 tonnes, equating to 3,816,000 tonnes of Lithium Carbonate Equivalent (LCE). This development underscores the company’s potential to strengthen its position in the lithium market, catering to the increasing demand for lithium in battery production and electric vehicles.
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 extracting lithium metal and converting it into lithium carbonate equivalent (LCE), a crucial component for battery production, particularly in the growing electric vehicle market.
Average Trading Volume: 57,198
Technical Sentiment Signal: Sell
Current Market Cap: A$5.13M
For an in-depth examination of PL3 stock, go to TipRanks’ Stock Analysis page.