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Patagonia Lithium Ltd (ASX:PL3)

ALERT: Price-sensitive ASX Announcement for PL3
Current share price for PL3 : $0.105 0.057 (118.75%)+
Announcement
Release
30 Oct 2025 8:50AM
Price at Release
$0.048
Full Release
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Summary
Patagonia Lithium Limited's quarterly report for the period ending 30 September 2025 highlights a substantial increase in their lithium resources, alongside successful capital raising and ongoing exploration in Argentina and Brazil. The company's lithium metal resource increased by 319% to 103,000 tonnes, resulting in an LCE of 551,000 tonnes. Their exploration projects are primarily centered around the Formentera/Cilon and Tomas III areas in Argentina, with additional focus on rare earth elements in Brazil. A capital raise of $2.68 million was completed, providing a strong financial foundation for continued exploration efforts in 2025-2026. As of the report's release, the company held a cash balance of $2.41 million, ensuring operational funding for the immediate future.
Key Points
  • Patagonia Lithium Limited reported a significant increase in their lithium metal resource, up by 319% to 103,000 tonnes, equating to approximately 551,000 tonnes of lithium carbonate equivalent (LCE).
  • The report outlines the company's quarterly activities and cash flow for the period ending 30 September 2025.
  • Patagonia Lithium is involved in major lithium brine projects in Argentina, particularly in the Formentera/Cilon and Tomas III areas.
  • The company completed a capital raising of $2.68 million to support exploration activities for the period 2025-2026.
  • Exploration efforts in Brazil are focused on rare earth elements, with key areas of interest being the Araxá rare earth anomaly.
  • The company's cash balance at the end of the quarter was $2.41 million with funding available for approximately 7.7 quarters at the current rate of expenditure.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.