Patagonia Lithium's BMR survey results unveiled

Patagonia Lithium (ASX: PL3) has disclosed the outcomes of a Borehole Magnetic Resonance (BMR) survey at the Formentera Lithium Brine Project in Argentina. The survey on Well 2 (JAM24-02) indicated exceptional porosity, with total porosity averaging 31% and specific yield averaging 13%. These results suggest the aquifer can handle high pump rates, enhancing project viability.

Patagonia Lithium's strategic outlook and future plans

Patagonia Lithium Ltd has successfully demonstrated the viability of its Formentera Lithium Brine Project in Argentina through a Borehole Magnetic Resonance survey. The survey results revealed high porosity and specific yield, indicating robust mineral resource calculations. Since listing in March 2023, the company has made significant exploration progress, with further drilling and resource estimation planned. Patagonia Lithium is strategically positioned in the lithium triangle, with ambitions to expand its lithium resource base. The company's technical and management team, led by Executive Chairman Phillip Thomas, ensures adherence to industry standards and continues to drive exploration success.

Executive insights on Formentera project results

The results of the BMR survey are very encouraging, confirming the presence of a highly porous aquifer capable of sustaining high pump rates. This supports our confidence in the project's potential and reinforces our resource estimates. The correlation with core samples tested in Perth further validates the accuracy of our borehole measurements.