Patagonia Lithium's promising pump test results

Patagonia Lithium (ASX:PL3) has revealed impressive results from its pump test at Well 4 (JAM24-04) in the Formentera/Cilon lithium project, Argentina. The test showed a flow rate of 3,551 liters per hour with lithium values between 173 ppm and 203 ppm. These results exceeded expectations, highlighting the well's potential for lithium extraction. The company is also planning further exploratory activities and the establishment of a lithium carbonate demonstration plant.

Patagonia Lithium's forward-looking exploration strategy

Patagonia Lithium Ltd has announced successful pump test results from its Formentera/Cilon project, exceeding initial expectations. The consistent lithium values indicate promising potential for lithium extraction. Going forward, the company is preparing to perform a borehole magnetic resonance survey and continue testing in Australia. Plans are in place for drilling Well 5 and setting up a lithium carbonate demonstration plant in Argentina. Patagonia Lithium aims to advance its exploration efforts while adhering to environmental regulations and engaging with stakeholders. The company's strategic focus remains on progressing its projects within the lithium-rich triangle, supported by detailed geological and technical analysis.

Executive commentary on lithium project advancements

The lithium assays were conducted by SGS and Alex Stewart laboratories, confirming satisfactory lithium values in the brine. The pump test was conducted using a drill airlift system from a depth of 80 meters, showcasing the porosity and hydrological characteristics of the sediments and aquifers.