PL3: Significant Pump Test Results from Well 8

Original announcement by asx on

Company
Patagonia Lithium Ltd
Ticker
PL3
Exchange
ASX
Region
Jujuy province, Argentina
Primary commodity
Lithium
Secondary commodities
None reported
Document categories
Other, Drill results
Extracted
2026-10-02 00:17:17 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Patagonia Lithium has completed a successful 72-hour pump test at Well 8 on the Cilon concession. The test achieved a flow rate of 2,043 L/h and confirmed lithium concentrations of up to 232 mg/L in the brine, validating the aquifer's potential.

Reasoning: The pump test successfully demonstrated hydraulic conductivity and confirmed lithium concentrations in the target aquifer, which is a key de-risking milestone for a brine project.

Positive factors

  • Strong aquifer performance with high flow rate (2,043 L/h)
  • Rapid water level recovery
  • Confirmation of lithium-rich brines (232 mg/L) in the main aquifer interval
  • Successful packer tests

Facts used in scoring: 1

Classification and evidence

QA/QC Disclosedpositive · Story-specific tag

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The release details QA/QC protocols including the use of standards, blanks, and duplicates, and names certified laboratories.

Evidence · text

“A distilled water sample and a lithium standard sample C 3001 (400ppm lithium in solution) was supplied to Alex Stewart labs.”

Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

Drill Results (1)

JAM 26-08Cilon · lithiumGrade: 232Grade Unit: mg/LIntercept: 98 mView all details
Link to this fact

Identity

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

Geometry

Grade
232
Grade Unit
mg/L
Intercept
98 m
From
226 m
To
324 m
Hole Depth
485 m
Intercept Depth
226 m

Classification

Sample Type
drill
Group ID
JAM 26-08:226-324

Location

Location
Well 8
Easting
707530.68
Northing
7410278.49
Elevation
4093.7 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Alex Stewart
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-01T00:00:00.000Z

Reasoning: 232 mg/L lithium in the aquifer interval validates the brine resource potential.

Positive factors

  • High lithium concentration in brine

Evidence · text

“concentrations reaching up to 232 mg/L, validating the potential of the sector”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

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.