PL3: Investor Presentation

Original announcement by asx on

Company
Patagonia Lithium Limited
Ticker
PL3
Exchange
ASX
Region
Argentina
Primary commodity
Lithium
Secondary commodities
Rare earth elements, Niobium
Document categories
Resource update, Drill results, Metallurgy
Extracted
2026-10-08 22:12:47 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Patagonia Lithium's investor presentation details a significant lithium resource at Formentera, totaling 551,400 tonnes LCE, though primarily in the Inferred category. Recent drilling at Formentera has yielded numerous high-grade lithium intercepts, with some reaching exceptional levels. Furthermore, pilot plant test work using Ekosolve DLE technology demonstrated a high 92.1% lithium extraction efficiency, and the company is also exploring rare earth elements and niobium in Brazil.

Reasoning: The investor presentation highlights a substantial lithium resource, recent positive drill results with high grades, and strong metallurgical recovery, indicating significant progress for the company's lithium projects. While the MRE is historical and largely Inferred, the new drilling and metallurgical results are highly positive.

Positive factors

  • significant lithium resource
  • high-grade lithium drill intercepts
  • high lithium extraction efficiency demonstrated at pilot scale
  • identification of REE and Niobium targets in Brazil
  • JORC compliant MRE with QP sign-off

Negative factors

  • MRE effective date is over a year old
  • MRE is predominantly in the Inferred category
  • cut-off grade for MRE not disclosed
  • no QA/QC disclosure for drill assay results

Facts used in scoring: 35

Classification and evidence

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: the document describes a flotation route ("concentrate")

Extracted facts

Stored fact records: 35. Some facts used in scoring do not have a stored record.

Drill Results (32)

JAM 26-08Formentera · lithiumGrade: 232Grade Unit: ppmIntercept: 50 mView all details
Link to this fact

Identity

Hole ID
JAM 26-08
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
232
Grade Unit
ppm
Intercept
50 m
From
300 m
To
350 m
Intercept Depth
300 m

Classification

Sample Type
drill
Group ID
JAM 26-08:300-350

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Recent drill intercept with a strong lithium grade over a decent width.

Positive factors

  • strong grade
  • recent result

Negative factors

  • no QA/QC disclosure
  • apparent width only

Evidence · table

“232”

Context: 300-350

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“232”

Context: 300-350

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“232”

Context: 300-350

JAM 26-06Formentera · lithiumGrade: 295Grade Unit: ppmIntercept: 0 mView all details
Link to this fact

Identity

Hole ID
JAM 26-06
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
295
Grade Unit
ppm
Intercept
0 m
From
284 m
To
284 m
Intercept Depth
284 m

Classification

Sample Type
drill
Group ID
JAM 26-06:284-284

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Recent point sample showing strong lithium grade.

Positive factors

  • strong grade
  • recent result

Negative factors

  • point sample only
  • no QA/QC disclosure

Evidence · text

“295pp lithium”

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · text

“295pp lithium”
24-01Formentera · lithiumGrade: 110Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
24-01
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
110
Grade Unit
ppm
Intercept
50 m
From
100 m
To
150 m
Intercept Depth
100 m

Classification

Sample Type
drill
Group ID
24-01:100-150

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with moderate lithium grade over a decent width.

Positive factors

  • moderate grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“110”

Context: 100-150

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“110”

Context: 100-150

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“110”

Context: 100-150

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“110”

Context: 100-150

24-01Formentera · lithiumGrade: 237Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
24-01
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
237
Grade Unit
ppm
Intercept
50 m
From
150 m
To
200 m
Intercept Depth
150 m

Classification

Sample Type
drill
Group ID
24-01:150-200

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with strong lithium grade over a decent width.

Positive factors

  • strong grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“237”

Context: 150-200

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“237”

Context: 150-200

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“237”

Context: 150-200

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“237”

Context: 150-200

24-01Formentera · lithiumGrade: 316Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
24-01
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
316
Grade Unit
ppm
Intercept
50 m
From
200 m
To
250 m
Intercept Depth
200 m

Classification

Sample Type
drill
Group ID
24-01:200-250

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with strong lithium grade over a decent width.

Positive factors

  • strong grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“316”

Context: 200-250

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“316”

Context: 200-250

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“316”

Context: 200-250

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“316”

Context: 200-250

24-01Formentera · lithiumGrade: 485Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
24-01
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
485
Grade Unit
ppm
Intercept
50 m
From
250 m
To
300 m
Intercept Depth
250 m

Classification

Sample Type
drill
Group ID
24-01:250-300

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with exceptional lithium grade over a decent width.

Positive factors

  • exceptional grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“485”

Context: 250-300

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“485”

Context: 250-300

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“485”

Context: 250-300

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“485”

Context: 250-300

24-01Formentera · lithiumGrade: 591Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
24-01
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
591
Grade Unit
ppm
Intercept
50 m
From
300 m
To
350 m
Intercept Depth
300 m

Classification

Sample Type
drill
Group ID
24-01:300-350

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with exceptional lithium grade over a decent width.

Positive factors

  • exceptional grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“591”

Context: 300-350

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“591”

Context: 300-350

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“591”

Context: 300-350

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“591”

Context: 300-350

24-02Formentera · lithiumGrade: 132Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
24-02
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
132
Grade Unit
ppm
Intercept
50 m
From
100 m
To
150 m
Intercept Depth
100 m

Classification

Sample Type
drill
Group ID
24-02:100-150

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with moderate lithium grade over a decent width.

Positive factors

  • moderate grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“132”

Context: 100-150

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“132”

Context: 100-150

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“132”

Context: 100-150

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“132”

Context: 100-150

24-02Formentera · lithiumGrade: 254Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
24-02
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
254
Grade Unit
ppm
Intercept
50 m
From
150 m
To
200 m
Intercept Depth
150 m

Classification

Sample Type
drill
Group ID
24-02:150-200

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with strong lithium grade over a decent width.

Positive factors

  • strong grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“254”

Context: 150-200

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“254”

Context: 150-200

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“254”

Context: 150-200

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“254”

Context: 150-200

24-02Formentera · lithiumGrade: 327Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
24-02
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
327
Grade Unit
ppm
Intercept
50 m
From
200 m
To
250 m
Intercept Depth
200 m

Classification

Sample Type
drill
Group ID
24-02:200-250

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with strong lithium grade over a decent width.

Positive factors

  • strong grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“327”

Context: 200-250

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“327”

Context: 200-250

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“327”

Context: 200-250

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“327”

Context: 200-250

24-02Formentera · lithiumGrade: 474Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
24-02
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
474
Grade Unit
ppm
Intercept
50 m
From
250 m
To
300 m
Intercept Depth
250 m

Classification

Sample Type
drill
Group ID
24-02:250-300

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with exceptional lithium grade over a decent width.

Positive factors

  • exceptional grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“474”

Context: 250-300

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“474”

Context: 250-300

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“474”

Context: 250-300

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“474”

Context: 250-300

24-02Formentera · lithiumGrade: 580Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
24-02
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
580
Grade Unit
ppm
Intercept
50 m
From
300 m
To
350 m
Intercept Depth
300 m

Classification

Sample Type
drill
Group ID
24-02:300-350

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with exceptional lithium grade over a decent width.

Positive factors

  • exceptional grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“580”

Context: 300-350

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“580”

Context: 300-350

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“580”

Context: 300-350

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“580”

Context: 300-350

24-03Formentera · lithiumGrade: 275Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
24-03
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
275
Grade Unit
ppm
Intercept
50 m
From
100 m
To
150 m
Intercept Depth
100 m

Classification

Sample Type
drill
Group ID
24-03:100-150

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with strong lithium grade over a decent width.

Positive factors

  • strong grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“275”

Context: 100-150

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“275”

Context: 100-150

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“275”

Context: 100-150

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“275”

Context: 100-150

24-03Formentera · lithiumGrade: 293Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
24-03
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
293
Grade Unit
ppm
Intercept
50 m
From
150 m
To
200 m
Intercept Depth
150 m

Classification

Sample Type
drill
Group ID
24-03:150-200

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with strong lithium grade over a decent width.

Positive factors

  • strong grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“293”

Context: 150-200

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“293”

Context: 150-200

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“293”

Context: 150-200

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“293”

Context: 150-200

24-03Formentera · lithiumGrade: 325Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
24-03
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
325
Grade Unit
ppm
Intercept
50 m
From
200 m
To
250 m
Intercept Depth
200 m

Classification

Sample Type
drill
Group ID
24-03:200-250

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with strong lithium grade over a decent width.

Positive factors

  • strong grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“325”

Context: 200-250

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“325”

Context: 200-250

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“325”

Context: 200-250

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“325”

Context: 200-250

24-03Formentera · lithiumGrade: 421Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
24-03
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
421
Grade Unit
ppm
Intercept
50 m
From
250 m
To
300 m
Intercept Depth
250 m

Classification

Sample Type
drill
Group ID
24-03:250-300

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with exceptional lithium grade over a decent width.

Positive factors

  • exceptional grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“421”

Context: 250-300

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“421”

Context: 250-300

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“421”

Context: 250-300

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“421”

Context: 250-300

24-03Formentera · lithiumGrade: 499Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
24-03
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
499
Grade Unit
ppm
Intercept
50 m
From
300 m
To
350 m
Intercept Depth
300 m

Classification

Sample Type
drill
Group ID
24-03:300-350

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with exceptional lithium grade over a decent width.

Positive factors

  • exceptional grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“499”

Context: 300-350

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“499”

Context: 300-350

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“499”

Context: 300-350

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“499”

Context: 300-350

24-04Formentera · lithiumGrade: 154Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
24-04
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
154
Grade Unit
ppm
Intercept
50 m
From
100 m
To
150 m
Intercept Depth
100 m

Classification

Sample Type
drill
Group ID
24-04:100-150

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with moderate lithium grade over a decent width.

Positive factors

  • moderate grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“154”

Context: 100-150

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“154”

Context: 100-150

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“154”

Context: 100-150

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“154”

Context: 100-150

24-04Formentera · lithiumGrade: 152Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
24-04
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
152
Grade Unit
ppm
Intercept
50 m
From
150 m
To
200 m
Intercept Depth
150 m

Classification

Sample Type
drill
Group ID
24-04:150-200

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with moderate lithium grade over a decent width.

Positive factors

  • moderate grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“152”

Context: 150-200

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“152”

Context: 150-200

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“152”

Context: 150-200

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“152”

Context: 150-200

24-04Formentera · lithiumGrade: 152Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
24-04
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
152
Grade Unit
ppm
Intercept
50 m
From
200 m
To
250 m
Intercept Depth
200 m

Classification

Sample Type
drill
Group ID
24-04:200-250

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with moderate lithium grade over a decent width.

Positive factors

  • moderate grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“152”

Context: 200-250

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“152”

Context: 200-250

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“152”

Context: 200-250

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“152”

Context: 200-250

24-04Formentera · lithiumGrade: 152Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
24-04
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
152
Grade Unit
ppm
Intercept
50 m
From
250 m
To
300 m
Intercept Depth
250 m

Classification

Sample Type
drill
Group ID
24-04:250-300

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with moderate lithium grade over a decent width.

Positive factors

  • moderate grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“152”

Context: 250-300

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“152”

Context: 250-300

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“152”

Context: 250-300

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“152”

Context: 250-300

24-04Formentera · lithiumGrade: 174Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
24-04
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
174
Grade Unit
ppm
Intercept
50 m
From
300 m
To
350 m
Intercept Depth
300 m

Classification

Sample Type
drill
Group ID
24-04:300-350

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with moderate lithium grade over a decent width.

Positive factors

  • moderate grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“174”

Context: 300-350

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“174”

Context: 300-350

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“174”

Context: 300-350

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“174”

Context: 300-350

24-04Formentera · lithiumGrade: 200Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
24-04
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
200
Grade Unit
ppm
Intercept
50 m
From
350 m
To
400 m
Intercept Depth
350 m

Classification

Sample Type
drill
Group ID
24-04:350-400

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with moderate lithium grade over a decent width.

Positive factors

  • moderate grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“200”

Context: 350-400

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“200”

Context: 350-400

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“200”

Context: 350-400

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“200”

Context: 350-400

25-05Formentera · lithiumGrade: 165Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
25-05
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
165
Grade Unit
ppm
Intercept
50 m
From
100 m
To
150 m
Intercept Depth
100 m

Classification

Sample Type
drill
Group ID
25-05:100-150

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with moderate lithium grade over a decent width.

Positive factors

  • moderate grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“165”

Context: 100-150

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“165”

Context: 100-150

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“165”

Context: 100-150

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“165”

Context: 100-150

25-05Formentera · lithiumGrade: 195Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
25-05
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
195
Grade Unit
ppm
Intercept
50 m
From
150 m
To
200 m
Intercept Depth
150 m

Classification

Sample Type
drill
Group ID
25-05:150-200

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with moderate lithium grade over a decent width.

Positive factors

  • moderate grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“195”

Context: 150-200

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“195”

Context: 150-200

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“195”

Context: 150-200

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“195”

Context: 150-200

25-05Formentera · lithiumGrade: 195Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
25-05
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
195
Grade Unit
ppm
Intercept
50 m
From
200 m
To
250 m
Intercept Depth
200 m

Classification

Sample Type
drill
Group ID
25-05:200-250

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with moderate lithium grade over a decent width.

Positive factors

  • moderate grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“195”

Context: 200-250

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“195”

Context: 200-250

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“195”

Context: 200-250

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“195”

Context: 200-250

25-05Formentera · lithiumGrade: 195Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
25-05
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
195
Grade Unit
ppm
Intercept
50 m
From
250 m
To
300 m
Intercept Depth
250 m

Classification

Sample Type
drill
Group ID
25-05:250-300

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with moderate lithium grade over a decent width.

Positive factors

  • moderate grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“195”

Context: 250-300

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“195”

Context: 250-300

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“195”

Context: 250-300

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“195”

Context: 250-300

25-05Formentera · lithiumGrade: 217Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
25-05
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
217
Grade Unit
ppm
Intercept
50 m
From
300 m
To
350 m
Intercept Depth
300 m

Classification

Sample Type
drill
Group ID
25-05:300-350

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with strong lithium grade over a decent width.

Positive factors

  • strong grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“217”

Context: 300-350

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“217”

Context: 300-350

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“217”

Context: 300-350

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“217”

Context: 300-350

25-05Formentera · lithiumGrade: 218Grade Unit: ppmIntercept: 50 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
25-05
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
218
Grade Unit
ppm
Intercept
50 m
From
350 m
To
400 m
Intercept Depth
350 m

Classification

Sample Type
drill
Group ID
25-05:350-400

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Historical drill intercept with strong lithium grade over a decent width.

Positive factors

  • strong grade

Negative factors

  • historical data
  • no QA/QC disclosure
  • apparent width only

Evidence · table

“218”

Context: 350-400

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“218”

Context: 350-400

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“218”

Context: 350-400

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: Historical results re-announced with no new assays or reinterpretation.

Evidence · table

“218”

Context: 350-400

26-06Formentera · lithiumGrade: 194Grade Unit: ppmIntercept: 50 mView all details
Link to this fact

Identity

Hole ID
26-06
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
194
Grade Unit
ppm
Intercept
50 m
From
100 m
To
150 m
Intercept Depth
100 m

Classification

Sample Type
drill
Group ID
26-06:100-150

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Recent drill intercept with moderate lithium grade over a decent width.

Positive factors

  • moderate grade
  • recent result

Negative factors

  • no QA/QC disclosure
  • apparent width only

Evidence · table

“194”

Context: 100-150

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“194”

Context: 100-150

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“194”

Context: 100-150

26-06Formentera · lithiumGrade: 294Grade Unit: ppmIntercept: 50 mView all details
Link to this fact

Identity

Hole ID
26-06
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
294
Grade Unit
ppm
Intercept
50 m
From
150 m
To
200 m
Intercept Depth
150 m

Classification

Sample Type
drill
Group ID
26-06:150-200

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Recent drill intercept with strong lithium grade over a decent width.

Positive factors

  • strong grade
  • recent result

Negative factors

  • no QA/QC disclosure
  • apparent width only

Evidence · table

“294”

Context: 150-200

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“294”

Context: 150-200

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“294”

Context: 150-200

26-06Formentera · lithiumGrade: 388Grade Unit: ppmIntercept: 50 mView all details
Link to this fact

Identity

Hole ID
26-06
Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
argentina
Ticker
PL3

Geometry

Grade
388
Grade Unit
ppm
Intercept
50 m
From
200 m
To
250 m
Intercept Depth
200 m

Classification

Sample Type
drill
Group ID
26-06:200-250

QA/QC

QP Signed
No

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Recent drill intercept with strong lithium grade over a decent width.

Positive factors

  • strong grade
  • recent result

Negative factors

  • no QA/QC disclosure
  • apparent width only

Evidence · table

“388”

Context: 200-250

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation.

Evidence · table

“388”

Context: 200-250

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for assay results.

Evidence · table

“388”

Context: 200-250

Resource Estimates (3)

indicatedFormentera · lithiumTonnes: 14800Grade: 393Grade Unit: mg/LHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
Argentina
Ticker
PL3

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Phil Thomas
Resource group id
resource:8115b8b9ec250815f404

Resource Data

Category
indicated
Tonnes
14800
Grade
393
Grade Unit
mg/L

Prior Estimate

Resource Date
2025-07-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-07-14T00:00:00.000Z

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Indicated resource provides a higher confidence estimate, but represents a small portion of the total resource and is historical.

Positive factors

  • JORC compliant
  • QP signed

Negative factors

  • historical data
  • cut-off grade undisclosed

Evidence · text

“14,800t LCE @ 393mg/L Indicated MRE”

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredFormentera · lithiumTonnes: 536600Grade: 292Grade Unit: mg/LHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
Argentina
Ticker
PL3

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Phil Thomas
Resource group id
resource:0007c91892a24107c680

Resource Data

Category
inferred
Tonnes
536600
Grade
292
Grade Unit
mg/L

Prior Estimate

Resource Date
2025-07-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-07-14T00:00:00.000Z

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: The majority of the resource is in the Inferred category, indicating lower geological confidence, and is historical data.

Positive factors

  • JORC compliant
  • QP signed

Negative factors

  • predominantly inferred
  • historical data
  • cut-off grade undisclosed

Evidence · text

“536,600t LCE @ 292mg/L Inferred MRE”

Tags used in scoring

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredFormentera · lithiumTonnes: 103500Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Formentera
Commodity
lithium
Region
argentina
Reported Region
Argentina
Ticker
PL3

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Phil Thomas
Resource group id
resource:77aa2eb3d8746ecfcf52

Resource Data

Category
inferred
Tonnes
103500

Prior Estimate

Resource Date
2025-07-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-07-14T00:00:00.000Z

Dates

Event date
2026-10-08T00:00:00.000Z

Reasoning: Total lithium metal resource is substantial but lacks grade breakdown and is historical.

Positive factors

  • JORC compliant
  • QP signed

Negative factors

  • historical data
  • no grade breakdown
  • cut-off grade undisclosed

Evidence · text

“103,500 tonnes Li”

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.