Overview of Patagonia Lithium's geophysics discovery in Brazil

Patagonia Lithium Ltd (ASX: $PL3) has detected a significant geophysics anomaly in its concession application in Goais state, Brazil. The anomaly, identified through radiogeophysics and magnetic surveys, indicates strong potential for rare earth elements (REE) in the area adjacent to an operating niobium mine. The company's technical team is set to commence geological evaluation and reconnaissance to build a geophysics/geological exploration database ahead of planned hyperspectral surveys and soil and rock chip sampling once the concession is granted.

Executive commentary on the geophysics anomaly discovery

Phillip Thomas, Executive Chairman of Patagonia Lithium, expressed delight with the extensive research and exploration confidence achieved from detailed geophysics analysis. He highlighted the company's expectation for the concessions to be granted in the next few months, enabling them to commence ground exploration.

Summary of Patagonia Lithium's geophysics anomaly discovery and outlook

Patagonia Lithium (ASX: $PL3) has identified a significant geophysics anomaly in its concession application in Goais state, Brazil, indicating strong potential for rare earth elements (REE). The company's upcoming geological evaluation and reconnaissance, along with planned hyperspectral surveys and soil and rock chip sampling, aim to further explore the REE prospect once the concession is granted. The discovery aligns with the company's ambitions to explore for ionic REE clays, niobium, and lithium in pegmatites, reflecting its commitment to advancing exploration efforts in the region. With the anticipation of the concessions being granted in the near future, Patagonia Lithium looks forward to initiating ground exploration and unlocking the potential of the identified geophysics anomaly.