Company Patagonia Lithium Limited

Patagonia Lithium Ltd is an Australia-based mining exploration company. The Company has two major lithium brine projects: Formentera/Cilon in Salar de Jama, Jujuy province, and Tomas III at Incahuasi Salar in Salta Province of northern Argentina in the declared lithium triangle. The Formentera Project is the Company’s flagship project. It is prospective for lithium and borates. It is located in the municipality of Coranzuli in the Jujuy province. The Company’s concession covers 1,752 hectares or approximately 17.5 square kilometers. The Tomas III Project is located adjacent to the Incahuasi salar and includes an exploration license granted in the Tolar Grande department, Salta Province, northwest Argentina, being potentially prospective for lithium and base metals. The concession area is approximately 571.5403 hectares and is located in an area dominated by volcanics and sits about 300-600m above the surface of the salar.