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Perpetual Resources ( (AU:PEC) ) has provided an update.
Perpetual Resources Ltd has commenced its maiden drilling program at the Igrejinha Lithium Project in Brazil, targeting high-grade spodumene pegmatites. The program aims to explore sub-surface and strike extensions of known mineralization, with results expected in July. This initiative marks a significant milestone for the company, enhancing its confidence in the project’s potential, supported by experienced contractors and local backing.
More about Perpetual Resources
Perpetual Resources Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is currently engaged in the exploration of lithium, a key component in battery technology, at its Igrejinha Lithium Project in Brazil’s Araçuaí Pegmatite District, known as South America’s premier hard rock lithium province.
YTD Price Performance: -7.69%
Average Trading Volume: 1,687,366
Technical Sentiment Signal: Sell
Current Market Cap: A$10.92M
See more data about PEC stock on TipRanks’ Stock Analysis page.