Perpetual Resources Confirms High-Grade Lithium and Critical Minerals in Brazil

An announcement from Perpetual Resources ( (AU:PEC) ) is now available.

Perpetual Resources reported strong quarterly exploration progress, confirming a high-grade LCT pegmatite system at its Igrejinha Project’s Morro Grande target in Brazil’s Lithium Valley, with drilling intersecting lithium plus high-grade caesium, tantalum, tin and tungsten and mineralisation remaining open along strike and at depth. The company also announced a new LCT pegmatite discovery at its Renaldinho project, where rock chip assays returned lithium grades of up to 7.08% Li2O, underpinning plans for follow-up drilling across multiple Brazilian targets, while it continues to evaluate strategic options for its Raptor Rare Earth Project and advances metallurgical test work at the Beharra silica project to improve product purity, all underpinned by a year-end cash balance of about A$1.0 million.

The most recent analyst rating on (AU:PEC) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Perpetual Resources stock, see the AU:PEC Stock Forecast page.

More about Perpetual Resources

Perpetual Resources Ltd is an ASX-listed exploration company focused on critical minerals, primarily lithium, caesium, tantalum, tin, tungsten and rare earths, with key projects in Brazil’s Lithium Valley and the Caldeira Alkaline Complex, as well as the Beharra silica sand project in Western Australia. The company is targeting high-grade lithium–caesium–tantalum (LCT) pegmatite systems and magnet rare earths while also progressing metallurgical work to enhance silica product quality for potential downstream markets.

Average Trading Volume: 1,773,845

Technical Sentiment Signal: Sell

Current Market Cap: A$9.55M

See more insights into PEC stock on TipRanks’ Stock Analysis page.