PL3 - Patagonia Lithium

[System]

Patagonia Lithium Limited has entered into the Option Agreements with the Project Vendors to acquire, via its wholly-owned Argentinian subsidiary (Patagonia Lithium Argentina S.A.), 100% interest in and title to the Projects, namely:

1. the Formentera Project;
2. the Cilon Project; and
3. the Tomas III Project.

The Company has exercised its option to acquire the Formentera Project and the Cilon Project on, respectively, 19 April 2022 and 22 October 2022.

The Company shall exercise its option to acquire the Tomas III Project on or prior to the option expiry date (30 November 2022).

The Formentera Project and the Cilon Project are situated in the Province of Jujuy, Argentina. The Tomas III Project is situated in the Province of Salta, Argentina. The Projects are considered prospective for lithium, borates and/or base metals.

The Company has and intends to undertake further exploration, evaluation and assessment of the Projects.

It is anticipated that PL3 will list on the ASX during January 2023.

Patagonialithium

www.patagonialithium.com.au

 

[Dona Ferentes]

https://www2.asx.com.au/content/asx/home.html

Listing date	13 January 2023 ; 12:00PM AEDT ##
Company contact details	https://www.patagonialithium.com.au Ph: +61 3 9600 0877
Principal Activities	Mining
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	PL3
Capital to be Raised	$8,000,000
Expected offer close date	02 December 2022
Underwriter	Not underwritten. Pamplona Capital Pty Ltd (Lead Manager).