Patagonia Lithium Limited (PL3) AI Stock Analysis

• Market Cap: AU$12.54M
• Dividend Yield: N/A
• Average Volume (3M): 129.63K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.35
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 179,115,540
• 10 Day Avg. Volume: 218,650
• 30 Day Avg. Volume: 129,631
• PEG Ratio: 0.18
• Price to Book (P/B): 0.61
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.32
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: AU$0.09 ▲(43.33% Upside)

The score is held back primarily by weak financial performance—no consistent revenue, ongoing losses, and continued cash burn—despite a relatively improved balance sheet with modest leverage. Technicals are a positive with an uptrend and positive momentum, though overbought signals temper the strength. Valuation is also a headwind given the negative P/E and lack of dividend yield.

Positive Factors

Focused lithium brine portfolio

A clear strategic focus on lithium brine assets in Patagonia aligns the company with durable global EV and battery demand trends. This project-centric model can attract JV partners or off-takers, letting the firm progress resources toward development rather than relying solely on market trading.

Modest leverage and growing equity

A relatively low debt-to-equity ratio and rising equity provide a stronger capital base to support ongoing exploration and near-term funding needs. Lower leverage reduces downside bankruptcy risk and gives management flexibility in structuring partner agreements or staged project financing.

Operating cash outflows improved in 2024

Material improvement in operating cash outflow signals better cost control or operational efficiencies, extending the company’s runway. While still negative, this trend reduces near-term external funding pressure and indicates management is narrowing cash burn as projects advance.

Negative Factors

No consistent revenue

Absence of recurring revenue marks the company as pre-revenue and reliant on capital markets or partners to fund operations. Without demonstrated sales or project cashflows, the business remains exposed to dilution risk and execution risk until commercial production or binding offtake/partner agreements.

Ongoing negative operating cash flow

Persistent negative operating cash flow consumes equity and requires periodic fundraising or debt, which can dilute shareholders or raise leverage. This structural cash dependency threatens project timelines and increases vulnerability to capital-market volatility until self-sustaining cash generation is achieved.

Sustained net losses and negative ROE

Continued net losses and negative returns on equity indicate the company is currently destroying shareholder capital. Over time, this undermines investor confidence, hampers ability to attract strategic partners on favourable terms, and can pressure the balance sheet if losses persist.

Patagonia Lithium Limited Business Overview & Revenue Model

Company Description

Patagonia Lithium Limited engages in the exploration and development of mineral properties in Argentina. It explores for lithium, borates, and other metals. The company was incorporated in 2021 and is based in Melbourne, Australia. Patagonia Lithium Limited operates as a subsidiary of 10 Bolivianos Pty Ltd.

How the Company Makes Money

Patagonia Lithium Limited Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	0.00	0.00	130.11K	0.00
Gross Profit	0.00	0.00	130.11K	-140.10K
EBITDA	-306.29K	-360.94K	-1.10M	-1.21M
Net Income	-1.09M	-414.29K	-1.11M	-1.47M
Balance Sheet
Total Assets	10.99M	10.98M	7.33M	4.94M
Cash, Cash Equivalents and Short-Term Investments	137.52K	57.55K	2.65M	684.48K
Total Debt	0.00	867.21K	119.29K	1.61M
Total Liabilities	120.76K	2.57M	214.58K	2.52M
Stockholders Equity	10.87M	8.41M	7.12M	2.42M
Cash Flow
Free Cash Flow	-1.43M	-965.15K	-1.84M	-4.54M
Operating Cash Flow	-1.43M	-965.15K	-1.04M	-279.86K
Investing Cash Flow	-3.51M	-3.79M	-796.55K	-4.26M
Financing Cash Flow	4.78M	2.16M	3.57M	5.23M

Patagonia Lithium Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
PL3	52 Neutral	AU$12.54M	-6.44	-12.18%	―	―	―
EVG	49 Neutral	AU$18.49M	-3.33	-42.91%	―	―	-4.35%
INF	46 Neutral	AU$8.15M	-0.43	-119.49%	―	―	-405.06%
EMT	45 Neutral	AU$5.10M	―	-29.48%	―	―	76.12%
RWD	45 Neutral	AU$10.97M	-5.43	―	―	―	93.44%
LML	42 Neutral	AU$36.27M	-14.55	-31.20%	―	―	26.67%

Patagonia Lithium Limited Corporate Events

Patagonia Lithium Secures Strategic Funding Partnership with Ameerex

Patagonia Lithium has entered a non-binding strategic partnership agreement with US-listed Ameerex Corporation to support investment in its flagship Formentera lithium project in Argentina, as well as its Brazilian niobium and rare earth projects. Ameerex, which is focused on co-investing in mining and clean-energy transition minerals, will assess and recommend how best to invest at both company and project level, potentially via private placements, providing Patagonia Lithium with an additional capital pathway beyond its recent A$2.68 million raising to advance drilling, resource definition and scoping studies on its growing lithium portfolio.

The most recent analyst rating on (AU:PL3) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Patagonia Lithium Limited stock, see the AU:PL3 Stock Forecast page.

Patagonia Lithium Advances Formentera Drilling to 335m With Encouraging Brine Indicators

Patagonia Lithium has provided an operational update on its Formentera lithium brine project, confirming that drilling at well JAM 25-05 has reached a depth of 335 metres with stable conditions and encouraging brine volumes encountered in sandy and clay layers. The company has collected initial packer brine samples from shallow intervals for laboratory assay, extracted core samples for porosity analysis in Buenos Aires, hired a specialised double packer system to obtain uncontaminated brine samples at greater depths, and is gathering isotopic data required to complete its environmental plan, all of which mark important steps toward advancing resource definition and environmental approvals at the project.

The most recent analyst rating on (AU:PL3) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Patagonia Lithium Limited stock, see the AU:PL3 Stock Forecast page.

Patagonia Lithium Shareholders Approve Director Performance Rights at General Meeting

Patagonia Lithium Ltd has confirmed that all resolutions put to shareholders at its 22 December 2025 general meeting were approved by poll, reflecting solid investor support for the company’s current governance and incentive structures. The key items passed were the issuance of director performance rights to Executive Chairman Phillip Thomas and non-executive directors Rick Anthon and Pablo Tarantini, a move that further aligns board remuneration with company performance and signals continued backing for management’s strategy from the shareholder base.

Patagonia Lithium Reports Promising Initial Drilling Results at Formentera

Patagonia Lithium Ltd has announced successful initial drilling results at its Formentera concession, with the first packer brine extraction test completed at a depth of 104 meters. The test revealed promising brine characteristics, including a specific gravity of 1.055 gm/cm3 and a flow rate of 1,286 liters per hour, indicating potential for high lithium concentration as drilling progresses. The results are in line with the company’s expectations and budget, suggesting positive implications for its operations and future lithium production potential.

Patagonia Lithium Initiates Deep Drilling to Boost Resource Estimates

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.

Patagonia Lithium Ltd Announces Digital-First Approach for Upcoming Shareholder Meeting

Patagonia Lithium Ltd has announced a general meeting of its shareholders scheduled for December 22, 2025. The company will not be sending hard copies of the meeting notice unless specifically requested by shareholders, highlighting a move towards digital communication. This decision reflects a broader industry trend of adopting more sustainable and efficient practices, potentially impacting shareholder engagement and operational transparency.

Patagonia Lithium Reports Significant Increase in Resource Estimate

Patagonia Lithium Limited has reported a significant increase in its Mineral Resource Estimate (MRE) for lithium, with a 319% rise in lithium metal resources to 103,000 tonnes, equating to approximately 551,000 tonnes of lithium carbonate equivalent. This development enhances the company’s resource base and positions it more competitively in the lithium market. The company is implementing recommendations from the WSP June 2025 MRE report, including additional drilling and geophysical surveys, to further increase geological confidence and resource understanding. These efforts are expected to bolster Patagonia’s operational capabilities and potentially impact its market positioning positively.

Patagonia Lithium to Expand Drilling Operations Amid Market Challenges

Patagonia Lithium Ltd announced plans to commence drilling at the Cilon concession on October 27, 2025, with the goal of expanding its lithium resources. The drilling is part of a strategic effort to enhance resource confidence and fulfill work commitments, despite market challenges such as declining lithium carbonate prices. Additionally, the company identified 11 targets for rare earth element exploration in Goiás state, Brazil, highlighting its focus on diversifying its mineral portfolio and strengthening its market position.

Patagonia Lithium Announces Director’s Interest Change

Patagonia Lithium Ltd announced a change in the director’s interest as Richard Anthon’s indirect interest in 1,000,000 unquoted options lapsed without any financial consideration. This change reflects a routine adjustment in the company’s securities management, with no immediate impact on its operational strategy or market positioning.