Patagonia Lithium (ASX:PL3) Formentera Drilling Update
6 January 2026
Price Sensitive Announcement $
Highlights:
- Drilling at Formentera concession well JAM 25-05 has reached 335m depth and drilling will recommence on 6 January 2026.
- The two packer brine samples taken from 98-104m depth and134-140m depth have been sent for assay to Alex Stewart and ALS Global laboratories for analysis.
- A special double packer system will be used to sample all the brines once the well reaches its terminal depth.
- Four representative cores were extracted and sent to the laboratory in Buenos Aires for porosity analysis.
- To complete our environmental plan submission, samples of surface and subsurface brines were requested to be collected and tested for oxygen 18 isotopes, carbon 14 to determine fluvial conditions and age of brines.
Overview:
Patagonia Lithium Ltd announced it has successfully taken two lots of samples and has hired a specialised double packer system to take samples down the well with our upper level brine contamination. The well coordinates are (POSGAR 94 system / Strip 3): X = 3,399,655, Y = 7,412,332. Four 15cm core samples were taken and packed for porosity analysis in the Buenos Aires testing laboratory.
Company Notes:
Phillip Thomas, Executive Chairman commented “We are making great progress at 335m with no well problems. The well will be conditioned on 6 January 2026 and a packer test may be taken prior to recommencing drilling at the 335m level. To date, we have encountered sandy and clay layers, but the volume of brine in these layers has been very encouraging.”
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