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Perpetual Resources ( (AU:PEC) ) has issued an announcement.
Perpetual Resources has identified a new pegmatite target, Pico Grande, at its Igrejinha Project in Brazil, following soil sampling that outlined a large caesium-rubidium-gallium anomaly interpreted as a concealed LCT pegmatite body. Pico Grande lies near the high-grade Morro Grande pegmatite and shares a similar geochemical signature, confirming three coherent pegmatite prospects within the project area and underscoring its camp-scale critical minerals potential.
The company plans extensive trenching in March and April to test priority soil anomalies at Pico Grande and the existing Mauricio target, ahead of a diamond drilling campaign scheduled for mid-year. These programs aim to refine drill targeting, expand on previously reported high-grade caesium results at Morro Grande and potentially enhance Perpetual’s position in the emerging Brazilian critical minerals sector, with implications for future resource definition and project development.
The most recent analyst rating on (AU:PEC) stock is a Hold 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, targeting lithium-caesium-tantalum pegmatite systems. Its key activities include systematic soil geochemistry, trenching and drilling programs, with a current exploration focus on the Igrejinha Project in Minas Gerais, Brazil, where it is advancing multiple pegmatite prospects.
YTD Price Performance: 10.0%
Average Trading Volume: 1,800,093
Technical Sentiment Signal: Sell
Current Market Cap: A$10.5M
For a thorough assessment of PEC stock, go to TipRanks’ Stock Analysis page.