Perpetual Resources uncovers more lithium ahead of drilling

Sampling at Perpetual Resources’ Igrejinha lithium project has uncovered more mineralisation ahead of RC drilling starting on June 5.

Down-strike trenches have uncovered mineralisation ahead of drilling at Perpetual’s Igrejinha lithium project. Pic: Getty Images

• Perpetual Resources’ sampling uncovers further mineralisation close to high-grade Target 1 outcrop

• Results provide further evidence of along-strike extensions of the known mineralised zone

• All preparations completed with maiden drilling expected to start on June 5

Special Report: Perpetual Resources can dive into upcoming drilling at its Igrejinha lithium project in Brazil with greater confidence after uncovering further mineralisation near the high-grade Target 1 outcrop.

Down-strike trenches uncovered the spodumene and pollucite (caesium) mineralisation close to the outcrop, a result consistent with the mapped pegmatite corridor targeted in the upcoming maiden drill program.

It provides further evidence of a likely along strike extension to the known mineralised zone and refines the highest-priority drill targets.

This is welcome news for Perpetual Resources (ASX:PEC) as its upcoming drilling is aimed at testing depth and strike extensions of known outcropping spodumene-bearing pegmatites, previously mapped at surface and confirmed to host high-grade lithium mineralisation.

“We’ve long understood that the artisanal workings at Igrejinha point to significant spodumene and caesium mineralisation, supported by both historical mining activity and remaining outcrops,” exploration manager Allan Stephens said.

“This has been consistently validated by high-grade assay results, detailed multispectral analysis, and more recently, through soil geochemistry and trenching — all of which continue to reinforce our confidence in the scale and potential of the system.

“With excellent site access and the ability to drill directly into outcropping spodumene zones, we’re particularly encouraged by the subsurface opportunity.”

Trenching at Igrejinha. Pic: Perpetual Resources

Maiden drilling

PEC has now finalised drill hole locations for its maiden reverse circulation program totalling ~1500m, which is due to start on June 5, 2025.

The program will be conducted by ServDrill Brazil, a highly experienced drilling services company with a strong track record of successful lithium drilling campaigns, including recent work for Sigma Lithium and Lithium Ionic.

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All necessary pre-drilling preparations such as securing land access agreements, obtaining environmental approvals for drilling and construction of access tracks and site infrastructure have been completed.

Igrejinha is less than 10km from and in the same geological setting as globally significant lithium projects such as Sigma Lithium’s low-cost Grota Do Cirilo complex.

Recent mapping and sampling have highlighted an outcropping >15m wide, northeast-southwest trending pegmatite that strikes for more than 1.4km.

This article was developed in collaboration with Perpetual Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

Originally published as Perpetual Resources uncovers more lithium ahead of drilling