Perpetual Resources Limited (ASX:PEC) Announces Maiden Lithium Drilling Campaign
Drilling Program Launch
Perpetual Resources Limited has appointed ServDrill Brazil to lead its maiden lithium drill program at the Igrejinha Project in Brazil’s Lithium Valley. The 1,500m RC drill campaign is set to begin in early June, targeting high-grade spodumene-bearing pegmatites.
Project Highlights
The Igrejinha Project has shown strong lithium exploration potential, with assay grades reaching up to 7.6% Li₂O and high caesium levels. Recent mapping confirmed Igrejinha as a standout target, located less than 10km from major lithium projects such as Sigma Lithium and Lithium Ionic.
Executive Comments
Exploration Manager Allan Stephens stated, “We are pleased to have secured an experienced drilling partner for our maiden lithium-focused campaign in Brazil’s renowned Lithium Valley. Igrejinha continues to display strong geological fundamentals, with confirmed high-grade mineralisation, scale potential, and proximity to some of South America’s largest spodumene deposits and lowest cost spodumene production in the world. Drilling will target surface-exposed mineralisation along a 1.4km NE-SW pegmatite corridor, and we look forward to providing further updates as the program advances.”
Motley Fool contributor Abbie Stokes 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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