Patagonia Lithium Limited (AU:PL3) has released an update.
Patagonia Lithium Limited has reported progress in its lithium and rare earth element exploration activities with the completion of its maiden drilling well in Argentina and the incorporation of a subsidiary in Brazil, where it secured a concession and has applications pending. The promising preliminary results from the Argentine well, which showed good porosity and mineral concentration, have been sent for lithium testing, while environmental surveys and approvals are advancing. The company remains financially robust with a cash balance of AU$2,131,000 as of the end of March 2024.
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