Australia's Patagonia surges on "very high" lithium content at Argentina projects

Patagonia Lithium

02/06/2023 02:19

** Shares of Patagonia Lithium Ltd  PL3.AX  jump as much as
28.6% to A$0.225, their biggest-ever intraday jump, if gains
hold
    ** The miner reports "very high" content of lithium 
following sampling at the Formentera and Cilon projects in
Argentina
    ** Says two brine samples assayed at 1,008 parts per million
(ppm) and 1,122ppm lithium
    ** Share hit their highest level since May 22
    ** PL3 stock down 20.5% since debut on March 31

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))