No. As of October 2026, Patagonia Lithium Ltd (PL3.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Patagonia Lithium Ltd does not pass Musaffa's business and financial screening criteria.
Patagonia Lithium Ltd. is engaged in the lithium ore mining business. The firm 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. The company is prospective for lithium and borates. The company is located in the municipality of Coranzuli in the Jujuy province. The Company’s concession covers over 1,752 hectares or approximately 15 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 over 300-600 meters above the surface of the salar.
Patagonia Lithium Ltd PL3.AX
AUD0.10 AUD0.01 (9.09%) 1D
Last Updated: Oct 06, 12:00 AM·ASX
Pricing for AU stocks is delayed by 24 hours
PL3.AX Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Patagonia Lithium Ltd is classified as not halal.
NOT HALAL
Patagonia Lithium Ltd (PL3.AX) Chart
Fetching Price Chart...
Financial Metrics & Statements of Patagonia Lithium Ltd (PL3.AX)
FAQ's for Patagonia Lithium Ltd (PL3.AX)
As of October 2026, Patagonia Lithium Ltd PL3.AX is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Patagonia Lithium Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Patagonia Lithium Ltd if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of Patagonia Lithium Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Patagonia Lithium Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of Patagonia Lithium Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Patagonia Lithium Ltd (PL3.AX)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.