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The latest update is out from Perpetual Resources ( (AU:PEC) ).
Perpetual Resources has initiated a systematic exploration program at its Igrejinha and Renaldinho projects in Brazil’s Lithium Valley, following the discovery of a fertile LCT system at Morro Grande. This exploration aims to define lithium-bearing pegmatite targets for further drilling, with the program including geological mapping and soil sampling. The company’s efforts are expected to enhance its strategic positioning in the lithium market, potentially impacting stakeholders by expanding its resource base and exploration success.
More about Perpetual Resources
Perpetual Resources Limited is a company operating in the mining industry, focusing on the exploration and development of lithium-bearing pegmatite systems. The company has a significant presence in Brazil’s Lithium Valley, where it is actively engaged in identifying and developing high-grade polymetallic LCT pegmatite systems.
YTD Price Performance: -15.38%
Average Trading Volume: 4,303,269
Technical Sentiment Signal: Sell
Current Market Cap: A$10.41M
For a thorough assessment of PEC stock, go to TipRanks’ Stock Analysis page.