Patagonia Lithium Ltd
ASX:PL3
Download Prospectus: Non-Renounceable Entitlement Offer
For a non-renounceable entitlement offer of three (3) New Shares for every seven (7) Shares registered as being held by Eligible Shareholders, as at the Record Date (27 Feb 2025),
at an issue price of $0.08 per New Share to raise approximately $2.56 million (before expenses), with no minimum subscription (Entitlement Offer).
PL3 Maiden Inferred Mineral Resource Estimate
717Kt of lithium equals 3.816 million tonnes of lithium carbonate equivalent
Patagonia Lithium listed on the Australian Securities Exchange on 31 March 2023 with share code ASX:PL3.
Patagonia Lithium Ltd has acquired the exploration licences over three prospective properties to explore for lithium in the lithium triangle in Argentina - one in the Salta Province and two in the Jujuy Province. Patagonia has assembled a team of experienced geologists, drillers, lawyers and logistics personnel to develop the prospects.
In 2024 Patagonia Lithium staked more than 41,000 hectares in the Brazil in the states of Minas Gerais and Goias, to explore for Rare Earths, Niobium and Lithium in pegmatites.
The Properties
Formentera Project and Cilon Project (Paso Salar, Jujuy Province) – the two exploration licences Formentera and Cilon are adjacent to each other and are on the Paso salt lake. Lake Resources (ASX:LKE) has staked all around the properties and they are close to the well known salar de Jama explored by PlusPetrol Resources Litica SA (who acquired all of LSC Lithium’s properties).
Brazil –Applications have been made for 25 exploration licences. 23 are in Minas Gerais state and two are in Goais state. The two in Goais state are close to the CMOC niobium mine and the 23 are in three major groups in north eastern section of the state with other Rare earth and lithium explorers in close proximity.
Tomas III Project (Incahuasi Salar, Salta Province) – the exploration licence Tomas III is located close to or adjacent to licences held by REMSA (Salta Energy and Minerals Corp), Power Minerals (ASX:PNN) and Ganfeng Lithium (SHE:002460).
The Company retracts all erroneous information and materials contained on earlier versions of its website. The Company advises that investors should only rely upon information and materials contained on its current version of its website.