PL3 patagonia lithium ltd

Drilling about to commence in Argentina

  1. sle
    11,037 Posts.
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    Thought I'd just throw it out there why I like this one. Been a slow methodical journey but Phil and the team seem to be kicking goals. Add the new addition of Rick Anthon and;

    From the 16th October release:

    Executive Chairman, Phillip Thomas commented:
    “We are impressed with the University of Melbourne Ekosolve™ pilot plant test work
    results with more than 99.9% lithium carbonate purity which exceeds the minimum
    requirement for battery grade and approaches pharmaceutical grade lithium
    carbonate.
    The other key benefit is that more and more buyers are requesting high
    grade lithium chloride which is the base product produced.”

    From the 8th Feb release:

    Patagonia Lithium Ltd (ASXL3, Patagonia or Company) is pleased to advise that it has
    completed preparations to drill 10 diamond core wells on its Formentera project. The
    drilling company has indicated it will be able to mobilise the drill rig and personnel after
    the Jujuy Carnival holiday on 13-14 February, and complete preparations on-site to
    commence drilling in the week beginning 26 February 2024.

    Maiden drilling program to commence late February 2024 comprising
    up to 10 wells for a total program of 5,300m
    At an average drill depth rate of 30m per day, the Company expects
    each 400m well to take 14 days with five additional days allocated to packer tests for
    assaying the lithium brines.

    And not forgetting the Brazil huge possibilities:

    As per the 29th Jan release:

    EXPLORATION INITIATED FOR HIGH-GRADE NIOBIUM, CLAY-HOSTED
    AND HARD ROCK REE & PEGMATITE LITHIUM IN MINAS GERAIS BRAZIL.

    From the 7th Feb release look at how close several of the applications are to this mine.

    EXCITING TIMES AHEAD!
 
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