Patagonia Lithium Limited (AU:PL3) has released an update.
Patagonia Lithium Ltd has completed drilling its first well, JAM 24-01, to a depth of 370 meters at the Formentera Lithium Project in Argentina, revealing promising porous sands and gravels ideal for lithium brine pumping. High specific gravity readings suggest a potential for high lithium concentration, with the company’s geologists adjusting drilling plans for an expansive resource estimate. The excitement is palpable among the board and shareholders as they await assay results from packer testing, which have shown conductivity exceeding instrument limits, indicating a high concentration of lithium.
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