Patagonia Lithium Limited (AU:PL3)
ASX:PL3
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Patagonia Lithium Limited
(Sydney:PL3)
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Rating:43Neutral
Price Target:
AU$0.11
▲(85.00% Upside)
Action:Reiterated
Date:05/22/26
The score is held down mainly by weak financial performance (minimal revenue, widening losses, and ongoing cash burn) and a soft technical setup (below key short/intermediate moving averages with negative MACD and low RSI). The primary positive offset is reduced balance-sheet risk, with higher equity and zero debt reported in 2025.
Positive Factors
Balance Sheet Strength
Material equity growth and zero reported debt meaningfully reduce near-term solvency and refinancing risk. For an exploration company this increases runway to fund drilling and permitting, lowers pressure to sell assets or dilute at unfavorable terms, and supports multi-stage project development.
Negative Factors
Persistent Negative Operating Cash Flow
Sustained negative operating cash flow shows the business cannot self-fund its activities and remains reliant on external capital. This elevates execution risk for multi-year exploration programs, can delay project timelines if funding tightens, and increases potential for equity dilution.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Material equity growth and zero reported debt meaningfully reduce near-term solvency and refinancing risk. For an exploration company this increases runway to fund drilling and permitting, lowers pressure to sell assets or dilute at unfavorable terms, and supports multi-stage project development.
Read all positive factors
Patagonia Lithium Limited (PL3) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$23.81M
Dividend YieldN/A
Average Volume (3M)129.63K
Price to Earnings (P/E)―
Beta (1Y)-0.24
Revenue GrowthN/A
EPS Growth-67.65%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding207,065,540
10 Day Avg. Volume218,650
30 Day Avg. Volume129,631
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)0.55
Price to Sales (P/S)0.00
P/FCF Ratio-4.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 Lithi...
How the Company Makes Money
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Patagonia Lithium Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 0.00 | 0.00 | 130.11K | 0.00 |
| Gross Profit | -14.83K | 0.00 | 130.11K | -140.10K |
| EBITDA | -1.07M | -360.94K | -1.10M | -1.21M |
| Net Income | -1.44M | -414.29K | -1.11M | -1.47M |
Balance Sheet | ||||
| Total Assets | 12.83M | 10.98M | 7.33M | 4.94M |
| Cash, Cash Equivalents and Short-Term Investments | 1.50M | 57.55K | 2.65M | 684.48K |
| Total Debt | 0.00 | 867.21K | 119.29K | 1.61M |
| Total Liabilities | 187.38K | 2.57M | 214.58K | 2.52M |
| Stockholders Equity | 12.64M | 8.41M | 7.12M | 2.42M |
Cash Flow | ||||
| Free Cash Flow | -1.64M | -965.15K | -1.84M | -4.54M |
| Operating Cash Flow | -1.57M | -965.15K | -1.04M | -279.86K |
| Investing Cash Flow | -2.26M | -3.79M | -796.55K | -4.26M |
| Financing Cash Flow | 5.27M | 2.16M | 3.57M | 5.23M |
Patagonia Lithium Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
47 Neutral | AU$19.61M | 25.00 | -7.13% | ― | -25.35% | 95.00% | |
46 Neutral | AU$17.75M | -2.17 | -10.22% | ― | ― | ― | |
45 Neutral | AU$39.06M | -33.33 | -28.53% | ― | ― | ― | |
45 Neutral | AU$27.27M | -1.97 | -150.09% | ― | ― | 54.90% | |
43 Neutral | AU$23.81M | -3.45 | -12.22% | ― | ― | -67.65% | |
43 Neutral | AU$33.60M | -7.76 | -0.02% | ― | ― | 13.53% |
* Basic Materials Sector Average
AU:PL3
Patagonia Lithium Limited
0.12
0.08
179.07%
AU:LIT
Lithium Australia NL
0.01
0.00
0.00%
AU:LEL
Lithium Energy Ltd.
0.31
-0.07
-17.57%
AU:PL9
Arizona Lithium Limited
0.01
0.00
0.00%
AU:LPM
Lithium Plus Minerals Ltd.
0.11
0.04
57.14%
AU:PAT
Patriot Lithium Ltd.
0.09
0.02
36.92%
Patagonia Lithium Limited Corporate Events
Patagonia Lithium hits strong brine flows at Formentera well
May 21, 2026
Patagonia Lithium reported strong brine extraction results from Well Seven JAM 26-07 at its Formentera Lithium project in Argentina, with 11 of 13 packer tests successfully recovering 200 litres of brine at depths up to 350 metres. The brine sampl...
Patagonia Lithium Advances Environmental Permits for Argentine Demonstration Plant
May 7, 2026
Patagonia Lithium has advanced environmental permitting for its Formentera and Cilon lithium brine projects in Jujuy, Argentina, submitting an Environmental Impact Assessment for the advanced exploration stage to the Olaroz Chico Indigenous Commun...
Patagonia Lithium Reports Strong Initial Flow Test and Completes Environmental Survey at Formentera Well
May 5, 2026
Patagonia Lithium has completed the first packer test on its seventh well, JAM 26-07, at the Formentera lithium project in Jujuy, Argentina, achieving a flow rate of 857 litres per hour from a 100–105 metre interval and extracting 1,400 litr...
Patagonia Lithium Sets 2026 AGM, Shifts to Digital Meeting Materials
Apr 28, 2026
Patagonia Lithium has convened its 2026 annual general meeting for 28 May in Melbourne, providing shareholders with online access to the notice of meeting and explanatory materials via its website and the ASX platform. The company is emphasizing d...
Patagonia Lithium Advances Argentine Wells and Bolsters Cash for Exploration Push
Apr 21, 2026
Patagonia Lithium reported progress at its Argentine lithium brine projects during the March quarter, completing wells 25-05 and JAM 26-06 with encouraging lithium grades and notably high porosity, alongside a strong 72-hour pump test that confirm...
Patagonia Lithium Hits Strong Porosity and Yield at Formentera Well
Apr 8, 2026
Patagonia Lithium reported new borehole magnetic resonance and gamma survey results from well six at its Formentera lithium brine project in Argentina, confirming high total porosity averaging 22% and specific yield averaging 8% across a 462-metre...
Patagonia Lithium Reports Strong Porosity and Brine Flow Results at Formentera Well
Apr 6, 2026
Patagonia Lithium reported strong core analysis and relative brine release results from well JAM 25-05 at its Formentera lithium project, with effective, total and specific yield porosity values between 17% and 28.7%, above the local regional aver...
Patagonia Lithium Pump Test Backs Formentera Brine Production Plans
Apr 1, 2026
Patagonia Lithium reported strong results from a 72-hour pump test at its JAM26-06 well on the Formentera project in Argentina, with 225,325 litres of brine pumped at an average rate of 3,206 litres per hour through a 19mm hose. The company said b...
Patagonia Lithium lodges governance statement and sets 2026 AGM date
Mar 30, 2026
Patagonia Lithium Ltd has lodged its Appendix 4G and 2025 Corporate Governance Statement with the ASX, confirming its governance disclosures for the year ended 31 December 2025 are available on its website and have been approved by the board. The ...
Patagonia Lithium Highlights Governance Focus in 2025 Annual Report
Mar 30, 2026
Patagonia Lithium Ltd is an Australian lithium-focused company operating from Moorabbin, Victoria, with a board led by Executive Chairman Phillip Thomas, supported by non-executive directors and an independent auditor. It is active in the lithium ...
Patagonia Lithium Highlights Resource Base and Eyes REE Exploration in Brazil
Mar 25, 2026
Patagonia Lithium has released a broker presentation highlighting a mineral resource estimate of 103,500 tonnes of lithium metal, equivalent to 551,400 tonnes of lithium carbonate, supported by JORC-compliant data last updated in mid-2025. The com...
Patagonia Lithium Grants 5.45 Million Unquoted Options Under Incentive Scheme
Mar 24, 2026
Patagonia Lithium Ltd has issued 5,450,000 unquoted options with an exercise price of $0.15 and an expiry date of March 31, 2028, under its employee incentive scheme. The move is designed to align staff interests with long-term shareholder value a...
Patagonia Lithium Reports Strong Formentera Well Assays and Ramps Up Field Work
Mar 23, 2026
Patagonia Lithium has reported assay results from its Formentera concession’s JAM 26-06 well, with a peak lithium grade of 412ppm at 405–416 metres, above the project’s current average of 296ppm. Ten brine samples were analysed b...
Patagonia Lithium Reaffirms 551,000-Tonne LCE Resource in Broker Update
Feb 22, 2026
Patagonia Lithium has presented a broker update highlighting its current mineral resource estimate of 103,500 tonnes of lithium metal, equivalent to 551,000 tonnes of lithium carbonate equivalent. The company also noted completion of well JAM26-06...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.