Patagonia Lithium Limited (AU:PL3) has released an update.
Patagonia Lithium Ltd has successfully completed its second well at the Formentera site, reaching a depth of 347 meters with significantly higher specific gravity and conductivity readings compared to its first well, indicating a strong brine flow and potential for high lithium yields. The new findings suggest the presence of more porous sands and total dissolved ions, which could be promising for lithium extraction.
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