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Perpetual Resources Ltd. ( (AU:PEC) ) just unveiled an update.
Perpetual Resources Ltd has significantly expanded its lithium exploration footprint by acquiring three advanced exploration licenses in Brazil’s ‘Lithium Valley’, near Sigma Lithium’s operations. This strategic acquisition, which triples its landholding in the area, positions the company to enhance its exploration efforts, with a maiden drill program set for the first half of 2025. The proximity to other major players like Sigma Lithium and the presence of high-grade lithium assays underscore the potential impact on Perpetual’s growth and competitiveness in the lithium market.
More about Perpetual Resources Ltd.
Perpetual Resources Ltd is a company operating in the lithium industry, focusing on the exploration and development of lithium resources. It primarily targets high-grade lithium projects and is strategically expanding its presence in Brazil’s ‘Lithium Valley’, a region renowned for its rich lithium deposits.
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $8.38M
For a thorough assessment of PEC stock, go to TipRanks’ Stock Analysis page.
