The latest announcement is out from Perpetual Resources ( (AU:PEC) ).
Perpetual Resources Ltd has appointed ServDrill Brazil to lead its maiden lithium drilling campaign at the Igrejinha Project in Brazil’s Lithium Valley. This strategic move aims to define high-grade lithium mineralization in an area surrounded by significant spodumene mines. The drilling program, set to begin in early June, will target known spodumene-bearing pegmatites, with further updates expected as exploration progresses. This development marks a significant milestone for Perpetual in its efforts to capitalize on the region’s rich lithium resources, potentially enhancing its market position and offering promising implications for stakeholders.
More about Perpetual Resources
Perpetual Resources Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is particularly engaged in the lithium sector, with its primary operations centered around the exploration of high-grade lithium deposits in Brazil’s Lithium Valley.
Technical Sentiment Signal: Buy
Current Market Cap: $8.03M
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