Patagonia Lithium (ASX: $PL3) identifies rare earth element clay system in Goias state, Brazil

Patagonia Lithium Ltd (ASX: $PL3) has identified a rare earth element (REE) clay system in Goias state, Brazil. The company has completed initial ground truth mapping, channel and road cutting sampling in the Minas Gerais and Goais state from the extensive 3,700km field trip undertaken referencing geophysics completed on the company's granted concessions. The rare earth element percentages for the survey are shown in Figure 5 with 20% lutetium and 24% yttrium oxides. Further target work will be done using short wave and infra-red analysis, followed by rock chips and air-core drilling.

Executive Commentary on Rare Earth Element Discovery

Phillip Thomas, Executive Chairman of Patagonia Lithium Ltd, expressed his delight with the progress made and the discovery of large tracts of clays and saprolites with granites and altered metasediments on the surface in the Goias state area. He highlighted the encouraging total light and heavy rare earth totals, particularly at depth where there is alteration of sericite from the granites and gneiss from hydrothermal fluids. Thomas emphasized the association of REE concentrations with ion adsorption clays in weathering mantle on differentiated granites and the enrichment of LREE in fenites by metasomatism at the Company's Goias concessions. He also mentioned that the new geophysics techniques will assist in better targeting niobium and rare earths.

Summary of Rare Earth Element Discovery and Outlook

Patagonia Lithium Ltd (ASX: $PL3) has made a significant discovery of a rare earth element (REE) clay system in Goias state, Brazil. The company has completed initial ground truth mapping, channel and road cutting sampling, and identified 11 targets for augur and drilling. The rare earth element percentages for the survey are promising, with 20% lutetium and 24% yttrium oxides. The discovery of large tracts of clays and saprolites with granites and altered metasediments on the surface in the Goias state area is a positive development. The company's future work will involve short wave and infra-red analysis, rock chips, and air-core drilling to further explore the potential of the identified targets. Patagonia Lithium's ambitions to better target niobium and rare earths using new geophysics techniques demonstrate its commitment to advancing its exploration efforts and unlocking the full potential of the Goias concessions.