Patagonia Lithium Ltd
ASX:PL3
Patagonia Lithium’s vision for 20,000 tonnes of lithium carbonate per year.
| Mineral Resource Classification | Sediment Volume (M m³) |
Specific Yield (%) | Brine Volume (M L) |
Li Grade (mg/L) |
Li Metal (kt) |
LCE (kt) |
Mg Grade (mg/L) |
Mg Metal (kt) |
|---|---|---|---|---|---|---|---|---|
| Indicated | 61.9 | 11.46 | 7,090.7 | 393 | 2.8 | 14.8 | 894 | 6.3 |
| Inferred | 2,912.5 | 11.86 | 345,521.4 | 292 | 100.9 | 536.6 | 894 | 309.0 |
| Total Mineral Resources | 2,974.3 | 11.85 | 352,612.1 | 294 | 103.7 | 551.4 | 894 | 315.3 |
Notes:
1. m³ = cubic metres, L = litres, mg/L = milligrams per litre, t = tonnes, M = million.
2. Li Metal, Lithium Carbonate Equivalent (LCE) and Magnesium (Mg) Mg Metal are rounded to the nearest 1,000 t. Extractable LCE (173,000 tonnes). Grade values are the average estimated value for the domain in the Maptek Vulcan™ Block Model.
3. Total in-situ brine contained lithium metal.
4. LCE = Li × 5.32.
5. No recovery, dilution or other similar mining parameters have been applied.
6. Although the Mineral Resources presented in this report are believed to have a reasonable expectation of being extracted economically, they are not Ore Reserves. Estimation of Ore Reserves requires the application of modifying factors and a minimum of a Pre-feasibility Study (PFS). The modifying factors include, but are not restricted to, mining, processing, metallurgical, infrastructure, economic, marketing, legal, environmental, social, and governmental factors.
7. Mineral Resources that are not Ore Reserves do not have demonstrated economic viability. There is no certainty that any or all of the mineral resources can be converted into ore reserve after application of the modifying factors.
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 over 25 concessions in Brazil in the states of Minas Gerais, Mato Grosso and Goiás, to explore for Rare Earths, Niobium, Antimony 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 –25 exploration licences have been granted. 21 are in Minas Gerais state, two in Mato Grosso 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 the 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.