Patagonia Lithium

Patagonia Lithium is an explorer of lithium brines in the lithium triangle of Northern Argentina and lithium, rare earths and niobium in Brazil

ASX:PL3

[Carl Capolingua @CarlCapolingua]

#Lithium Minerals Update 29-May 🔋
>Carbonate 99.5% RMB/t
GFEX Futures 179.74k +0.5%
SMM Spot 177.5k +1.1%

>Spodumene US$/t
SMM Conc. Index 2571 +1.2%
SMM Aus Spot Conc. 2610 +1.8%

>Hydroxide 56.5% RMB/t
SMM Spot 163.5K +0.6%
$MIN $PLS $IGO $LTR $PMT $ELV $ALB $LAC $LIT $SQM

[Patagonia Lithium @PataLithium]

Great news down to 194m depth on well 7 lithium brine pumping test excellent - 1/3 down 400m to go! ASX:PL3

[Patagonia Lithium @PataLithium]

Our lithium exploration is reaching new heights with first packer assay test 857L/hour - seven 200L containers, from 105-110m depth brine looks very promising at top of the aquifer. Onward ho! To 130m for next one.

[Patagonia Lithium @PataLithium]

ASX:PL3 We are off to the races - great porosity (as usual) - 44 - 59m: Fine light brown to whitish sands within a silty-sand matrix. Predominantly unconsolidated, locally semi-consolidated. Fine parallel lamination observed in semi-consolidated intervals. Presence of dispersed mafic minerals (black and reddish) and very coarse sand-sized pumice fragments. Interpreted as reworked volcaniclastic sediments. High visual porosity. No HCl reaction no carbonates!

Great pics of core - hopefully full of lithium!

[Patagonia Lithium @PataLithium]

ASX:PL3 Super excited - well JAM-07 30m 20cm steel pipe is in and we will start drilling in two days. This could be a game changer with very low resistivity. Go to ceo blog at our website for updates.

[Patagonia Lithium @PataLithium]

Completed our passive seismic survey. The line pic shows the large dimensions of the project. Now we start the processing of the data to see how deep the lithium brines go.

[Patagonia Lithium @PataLithium]

Completing our seismic survey to unlock additional tonnes of lithium carbonate

[Patagonia Lithium @PataLithium]

Our seismic survey is very important as it can unlock a much larger resource and with our high porosity this translates into $$$$$. We are just completing line 3 now. Happy easter.

[Patagonia Lithium @PataLithium]

The GEC passive seismic guys started today - 7km line - this will improve our mineral resource estimate substantially-

[Patagonia Lithium @PataLithium]

Great results from well JAM 26-06 over weekend

[Patagonia Lithium @PataLithium]

72 hour pump test has started going great speed 11,000 litre tank. We estimate only need 13600L per day per well to produce enough lithium to produce 1000 tonne a year ($24m) - scoping study (our big milestone will confirm

[Patagonia Lithium @PataLithium]

Great results from packer test see brine being pumped out at 393m

[Patagonia Lithium @PataLithium]

Aunque los volcanes son blancos, ¡valen oro! Con unidades de arena blanda a 161 m, nos encontramos en un acuífero con alta porosidad. ¡Visite nuestro sitio web para obtener la próxima actualización importante de ASX! https://t.co/LjFX1G4fiH

[Patagonia Lithium @PataLithium]

ASX:Pl3 Even though the volcanics are white they are worth GOLD! With soft sandy units at 161m we are in the aquifer with high porosity - check out our website for next ASX major update!

[Patagonia Lithium @PataLithium]

Lithium stocks being re- rated due to demand

Driven by a revised forecast of demand growth from ESS, Begleiter and Blanchard now foresee the lithium market in deficit by 2027, compared to their previous forecast of a deficit by late 2028 or early 2029.
With Albemarle (ALB) shares up 90% over the last two months - although still nearly 50% below its November 2022 high - Deutsche Bank said it is not early with its upgrade, but based on the bank's revised estimates, its $185 PT is based on 16.5x estimated 2027 valuation for Energy Storage EBITDA, and with its Energy Storage EBITDA up an estimated 75% in 2026 and 21% in 2027, the analysts believe the valuation is reasonable.

[Patagonia Lithium @PataLithium]

Lithium market is heating up on demand

https://t.co/lmnpGsThVH

[Patagonia Lithium @PataLithium]

Great progress at well six at ASX:PL3
At 152m depth very porous sands being encountered SG is increasing! Se update at https://t.co/cB0hrgVSNp

[Patagonia Lithium @PataLithium]

Packer test at 140m - plenty of brine

[Patagonia Lithium @PataLithium]

@miningcomau 2,499,000 shares traded today and a high of 13.5 cents tells the story - increasing lithium price and $$$$ brings us closer to our scoping study and final goal Li2CO3

[Patagonia Lithium @PataLithium]

@miningcomau