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Perpetual Resources ( (AU:PEC) ) has shared an announcement.
Perpetual Resources Limited announced the discovery of multiple large-scale pegmatites at its Igrejinha Project in Brazil’s ‘Lithium Valley’, indicating potential for a major lithium-bearing system. The initial drilling results show promising visual indications of spodumene, a lithium mineral, with assays pending for confirmation. This discovery could significantly enhance Perpetual’s position in the lithium market, as the mineralization remains open along strike and depth, suggesting further exploration potential.
More about Perpetual Resources
Perpetual Resources Limited is a company operating within the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in identifying and developing lithium-bearing pegmatite systems, with a significant market focus on the growing demand for lithium, a key component in battery technology.
YTD Price Performance: 69.23%
Average Trading Volume: 2,441,976
Technical Sentiment Signal: Buy
Current Market Cap: A$19.21M
Learn more about PEC stock on TipRanks’ Stock Analysis page.