Introduction to Patagonia Lithium's new venture

Patagonia Lithium (ASX:PL3) has announced the successful granting of two new contiguous concessions in Goiás State, Brazil. These concessions cover a total area of 3,262 hectares and are strategically located next to CMOC's operational niobium mine. Preliminary geophysical surveys have shown promising anomalies for rare earth elements within these areas.

Comprehensive overview of Patagonia Lithium's new initiative

Patagonia Lithium (ASX:PL3) has secured two new concessions in Goiás State, Brazil, adjacent to an active niobium mine. Covering a vast area of 3,262 hectares, these concessions are promising for the exploration of rare earth elements, as indicated by initial geophysical surveys. The company plans to undertake further satellite surveys to locate the best sites for sampling, with the exploration phase scheduled for early 2025. Patagonia Lithium aims to leverage cutting-edge techniques to enhance its exploration efforts, reflecting its commitment to growth and resource discovery. With a strategic focus on rare earth elements, niobium, and lithium, the company is poised for significant advancements in the coming years.

Executive insights on new concessions

Our technical team has identified significant anomalies for rare earth elements in carbonatites within these newly granted concessions. We are excited to conduct further surveys to determine the optimal locations for soil and rock chip sampling. This exploration phase is an important step in our strategy to leverage advanced geophysical techniques and AI data processing for identifying valuable resources,' expressed the company's executive chairman.