Patagonia Lithium (ASX:PL3) granted exploration rights in Brazil

Patagonia Lithium Ltd (ASX:PL3) has been granted exploration rights for three years on 830154/2024, one claim in a group of seven covering 12,032 hectares. The company now holds five major concession packages covering 41,746 hectares, with a focus on exploring for ionic REE clays, Niobium, Antimony, and lithium in pegmatites.

Executive Chairman's Commentary on Exploration Rights

Phillip Thomas, Executive Chairman of Patagonia Lithium Ltd, stated, 'We now have a major component of our exploration concessions granted and are actively assessing the potential for other minerals in addition to lithium, such as antimony, niobium, and gold where the granites and ultramafic rocks are present.'

Summary of Exploration Rights Grant

Patagonia Lithium Ltd (ASX:PL3) has been granted exploration rights for 830154/2024, a significant claim in the Aracuai Lithium valley. The company's focus on exploring for ionic REE clays, Niobium, Antimony, and lithium in pegmatites aligns with its ambitions to expand its mineral portfolio. With only three of the company's 25 concessions awaiting authorization, the recent grant marks a positive step towards achieving its exploration goals. The company's Executive Chairman, Phillip Thomas, expressed enthusiasm for the potential of discovering additional minerals in the area. Patagonia Lithium Ltd continues to progress its exploration activities, aiming to uncover valuable resources and contribute to the development of the lithium and rare earth minerals sector in Brazil.