Patagonia Lithium Ltd reported the logging analysis on the four wells drilled at Formentera project (Jujuy province)
By Panorama Minero
Results published by Patagonia Lithium included:
Drill hole porosity analysis for MRE update Environmental testing completed
• The geological team has completed more detailed core analysis on the four wells drilled and the results show that between 57-85% of the core is porous as defined by the core testing completed at Core Laboratories W.A.
• The Mines Dept of Jujuy attended the Formentera lithium project and completed testing over a 48 hour period as part of the six monthly environmental review - drill hole rehabilitation has also been signed off.
• Vocanics composed of pumice have been identified at 80m and 210m in wells JAM24-01 and JAM 24-02 which accounts for the high lithium grades.
• The significant amount of rainfall that the project experienced in February 2025 has started to dry out however the Cilon drill pad was above the pools of water.
Phillip Thomas, Executive Chairman commented
The benefit of this study is that it may lead to a higher lithium Mineral Resource once the numbers are updated and shows the greater extent of the aquifers with lithium. We are delighted to announce the Company has completed its funding and will now progress exploration by completing the 600m deep Cilon well, 4 BMR drill hole porosity studies, re-working and upgrading the 717,000 tonne lithium metal in-situ Mineral Resource Estimate (MRE) from the BMR porosity data, the application for a demonstration plant, a scoping study and follow with a definitive feasibility study with results from exploration and DLE chemical engineering.
Considering we have drilled only 4 wells, there is still significant exploration and resource upside potential to expand this resource as we continue to drill out the high porosity zone and the Cilon concession. These results allow Patagonia to proceed to the next stage of our flagship project which is submitting the 1,000 tonne Ekosolve™ demonstration plant permit application. We are confident we will unlock additional resource and value for our shareholders.
Patagonia’s 100%-owned Project is located in the Jujuy Province, and covers 19,540 hectares (ha) (19.54 square kilometres [km2]) with two mining leases owned by Patagonia’s Argentine subsidiary, Patagonia Lithium Argentina S.A. These are held over the complete salt lake near Jama township 1 kilometre (km) from Chile border.
