Perpetual Resources (ASX:PEC) Announces High-Grade Assay Results and Upcoming Drill Campaign
Assay Results
Perpetual Resources Ltd (ASX:PEC) has received additional high-grade assay results from its Igrejinha Project in Brazil’s Lithium Valley. Recent assays revealed spodumene grades exceeding 5.38% Li₂O and caesium (pollucite) grades over 5.3% Cs₂O, reinforcing the presence of high-grade lithium mineralisation across an extended mineralised footprint. The spodumene-mineralised pegmatite thickness has been increased to over 15 meters, and mapping indicates a pegmatite trend extending up to 1.4 kilometers, remaining open in both directions.
Exploration Highlights
Ongoing soil and auger programs have completed approximately 220 samples near the mineralised pegmatite, with assay results expected in early May 2025. The exploration efforts have strengthened the economic potential of the Igrejinha pegmatite, highlighting multi-element signatures including significant tantalum and gallium grades.
Upcoming Drill Campaign
Perpetual is in the final stages of selecting a drill contractor for its maiden lithium drill campaign, scheduled to commence in early June 2025. The campaign will target high-priority lithium zones to validate the scale and grade of the spodumene system.
Executive Comments
Executive Chairman Julian Babarczy stated, “These exceptional assay results further validate our belief that Igrejinha is a large, high-grade system with potential well beyond initial expectations. The identification of caesium grades above lab detection limits, aligned with the site’s history of pollucite production, reinforces this view. With lithium-focused drilling soon to commence, we are excited to unlock the full scale and value of this highly prospective system.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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