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Patagonia Lithium

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.”

Write to Aaliyah Rogan at Mining.com.au   

Images: Patagonia Lithium
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Written By Aaliyah Rogan
Originally from New Zealand, Aaliyah brings several years of experience covering the resources sector, with a focus on companies, commodities and global mining markets. Her reporting has spanned European markets and the evolving global mining landscape, with a focus on the stories and market forces driving change across the sector.