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Perpetual Resources ( (AU:PEC) ) has provided an announcement.
Perpetual Resources has announced the commencement of a high-impact drilling program at its Igrejinha Lithium Project in Minas Gerais, Brazil, following successful soil sampling and auger drilling that identified multiple high-priority drill targets. The program aims to test the depth and strike extensions of known high-grade spodumene-bearing pegmatites, with drilling set to begin in June and results expected in July. This development marks a significant step in advancing the project’s lithium potential, with all necessary permits and access secured, and an experienced drilling contractor ready to mobilize.
More about Perpetual Resources
Perpetual Resources Limited is a company operating in the mining industry, focusing on the exploration and development of lithium projects. Their primary market focus is on high-grade spodumene pegmatites, particularly within Brazil’s Lithium Valley.
YTD Price Performance: -7.69%
Average Trading Volume: 1,770,640
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$10.48M
For a thorough assessment of PEC stock, go to TipRanks’ Stock Analysis page.