Patagonia secures 15 rare earth and lithium concessions in Brazil

Patagonia Lithium (ASX:PL3) has secured three-year exploration rights at 15 concessions in Brazil, with mapping and sampling work already underway.

The 15 concessions cover more than 19,515 hectares. Patagonia Lithium submitted applications for 25, and now holds a total of 18 granted concessions in Minas Gerais state.

The key areas are considered a high-priority target for rare earths in ionic clays or pegmatites.

Patagonia has begun rock chip, soil, and stream sampling programs across the areas. 

We now have a major component of our exploration concessions granted and the team is already in trucks mapping and sampling along the priority targets from the substantial geophysical we have conducted,” Executive Chairman Phillip Thomas says.

“This campaign is earmarked to be conducted quickly so we can sure up (sic) our drill targets and additionally high intensity sampling.”

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Images: Patagonia Lithium
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.