Patagonia Lithium reported assay results from its Formentera Lithium Project in Northern Argentina.

The first drill well revealed a high lithium assay of 580ppm over a 21m aquifer zone. The second well, drilled to 295m, showed porous compacted sand with a high specific gravity of 1.18gm/cm3 and strong brine flow from 9 packer tests.

The company plans to continue drilling 300m to 350m to assess lithium concentration based on specific gravity and conductivity readings.

Patagonia Lithium aims to leverage the results for further exploration and development in the lithium sector.