# PL3: Investor Presentation Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03150333 Publisher: asx Original announcement: 2026-10-08T21:14:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-08T22:12:47.132Z Atlas analysis updated: 2026-10-08T22:12:47.132Z - 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 Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas 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 factor: significant lithium resource - Positive factor: high-grade lithium drill intercepts - Positive factor: high lithium extraction efficiency demonstrated at pilot scale - Positive factor: identification of REE and Niobium targets in Brazil - Positive factor: JORC compliant MRE with QP sign-off - Negative factor: MRE effective date is over a year old - Negative factor: MRE is predominantly in the Inferred category - Negative factor: cut-off grade for MRE not disclosed - Negative factor: no QA/QC disclosure for drill assay results Facts used in scoring: 35 ## Classification and evidence **Mill Route** Polarity: neutral Definition: 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 26-08 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-3) Formentera · lithium #### 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 factor: strong grade - Positive factor: recent result - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 232 Context: 300-350 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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 26-06 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-4) Formentera · lithium #### 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 factor: strong grade - Positive factor: recent result - Negative factor: point sample only - Negative factor: no QA/QC disclosure Evidence · text > 295pp lithium #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **No QA/QC Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 24-01 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-5) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: moderate grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 110 Context: 100-150 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 24-01 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-6) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: strong grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 237 Context: 150-200 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 24-01 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-7) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: strong grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 316 Context: 200-250 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 24-01 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-8) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: exceptional grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 485 Context: 250-300 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 24-01 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-9) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: exceptional grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 591 Context: 300-350 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 24-02 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-10) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: moderate grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 132 Context: 100-150 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 24-02 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-11) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: strong grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 254 Context: 150-200 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 24-02 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-12) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: strong grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 327 Context: 200-250 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 24-02 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-13) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: exceptional grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 474 Context: 250-300 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 24-02 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-14) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: exceptional grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 580 Context: 300-350 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 24-03 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-15) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: strong grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 275 Context: 100-150 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 24-03 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-16) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: strong grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 293 Context: 150-200 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 24-03 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-17) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: strong grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 325 Context: 200-250 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 24-03 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-18) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: exceptional grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 421 Context: 250-300 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 24-03 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-19) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: exceptional grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 499 Context: 300-350 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 24-04 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-20) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: moderate grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 154 Context: 100-150 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 24-04 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-21) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: moderate grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 152 Context: 150-200 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 24-04 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-22) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: moderate grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 152 Context: 200-250 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 24-04 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-23) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: moderate grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 152 Context: 250-300 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 24-04 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-24) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: moderate grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 174 Context: 300-350 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 24-04 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-25) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: moderate grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 200 Context: 350-400 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 25-05 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-26) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: moderate grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 165 Context: 100-150 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 25-05 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-27) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: moderate grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 195 Context: 150-200 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 25-05 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-28) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: moderate grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 195 Context: 200-250 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 25-05 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-29) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: moderate grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 195 Context: 250-300 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 25-05 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-30) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: strong grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 217 Context: 300-350 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 25-05 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-31) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: strong grade - Negative factor: historical data - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 218 Context: 350-400 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 26-06 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-32) Formentera · lithium #### 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 factor: moderate grade - Positive factor: recent result - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 194 Context: 100-150 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 26-06 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-33) Formentera · lithium #### 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 factor: strong grade - Positive factor: recent result - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 294 Context: 150-200 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 26-06 [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-drill-facts-34) Formentera · lithium #### 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 factor: strong grade - Positive factor: recent result - Negative factor: no QA/QC disclosure - Negative factor: apparent width only Evidence · table > 388 Context: 200-250 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-resource-facts-0) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: JORC compliant - Positive factor: QP signed - Negative factor: historical data - Negative factor: cut-off grade undisclosed Evidence · text > 14,800t LCE @ 393mg/L Indicated MRE #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-resource-facts-1) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: JORC compliant - Positive factor: QP signed - Negative factor: predominantly inferred - Negative factor: historical data - Negative factor: cut-off grade undisclosed Evidence · text > 536,600t LCE @ 292mg/L Inferred MRE #### Tags used in scoring **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/pl3-investor-presentation--3f61ee7a-9617-47ad-8bf1-79dea89f036e#fact-resource-facts-2) Formentera · lithium Historical result Needs review: historical\_restatement #### 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 factor: JORC compliant - Positive factor: QP signed - Negative factor: historical data - Negative factor: no grade breakdown - Negative factor: cut-off grade undisclosed Evidence · text > 103,500 tonnes Li #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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.