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Patagonia Lithium Ltd (ASX:PL3)

ALERT: Price-sensitive ASX Announcement for PL3
Current share price for PL3 : $0.110 0.01 (10%)+
Announcement
Release
14 Aug 2026 9:22AM
Price at Release
$0.100
Full Release
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Summary
Patagonia Lithium Ltd has utilized an advanced geophysics deterministic system, LOGOS, to identify ten new rare earth element targets in Brazil, specifically in Goiás State. This system, which does not require training datasets, has enabled the company to better target augur/drilling programs. Notably, the new targets are confirmed by independent systems and are in close proximity to known carbonatite complexes. The exploration approach incorporates AI and radiometric surveys, improving the chances of discovering economically viable ionic clay deposits. The concessions are adjacent to a major niobium mine, bolstering the strategic importance of the rare earth exploration efforts.
Key Points
  • Patagonia Lithium Ltd has identified ten new locations in Brazil for rare earth elements (REE) using advanced geophysical systems.
  • The LOGOS system was used for targeting potential drilling sites without requiring training datasets, leveraging open geophysical data.
  • The new targets are located near existing concessions in Goiás State, Brazil, and are confirmed by independent systems.
  • The REE exploration involves ionic clays, with plans to conduct auger sampling and ground magnetic surveys.
  • Initial results from the Goiás concessions indicate proximity to known carbonatite complexes with REE within 30 km.
  • The exploration strategy integrates AI and radiometric surveys for more accurate targeting of rare earth oxides.
  • The company's concessions are adjacent to a large niobium mine, enhancing the prospectivity of these REE targets.
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.