Key facts about Patagonia Lithium's high porosity results

Patagonia Lithium Ltd (ASX:PL3) has announced the achievement of exceptional total porosity values ranging from 26%-33% in six core samples from well Two at the Formentera Lithium Project in Northern Argentina. The well recorded 582ppm Lithium from assay packer sample A28 in aquifer zone, confirming a high lithium assay. The core analysis revealed high porosity from 90m to 347m, with porosity tests indicating an aquifer interval of more than 160m in depth. Additionally, a 48-hour pump test has commenced to calculate brine release and recovery in the well. The Company is preparing to drill well 4.

Executive commentary on the high porosity results

Phillip Thomas, Executive Chairman, expressed, 'These results are in line with the very positive trend of 25% plus porosity and 500ppm lithium over a substantial aquifer interval. These high porosity results support our production plan and will be incorporated into our Production Environmental Impact Plan submission for a demonstration plant later this year. A 48-hour pump test will commence shortly to further validate the project on the western side of the claim. Works have commenced building the drill pad for well 4 and drilling is expected to commence at the end of the week.'

Summary of Patagonia Lithium's high porosity results and outlook

The high porosity results from well two at the Formentera Lithium Project are a significant development for Patagonia Lithium Ltd, as they will be used to calculate the upcoming mineral resource estimate. The Company's plans to drill well 4 indicate a proactive approach to leveraging these positive results. The achievement of exceptional total porosity values and a high lithium assay further solidifies the Company's position in the lithium market. With the commencement of a 48-hour pump test and the incorporation of these results into the Production Environmental Impact Plan, Patagonia Lithium is demonstrating its commitment to advancing the project. The Company's exploration activities and the exceptional progress to date indicate a promising outlook for the future, as it continues to pursue its ambitions in the lithium sector.