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Perpetual Resources Limited (ASX:PEC)

ALERT: Price-sensitive ASX Announcement for PEC
Current share price for PEC : $0.021 0.011 (110%)+
Announcement
Release
20 Nov 2025 9:53AM
Price at Release
$0.010
Full Release
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Summary
Perpetual Resources Limited has announced the identification of a new lithium-bearing pegmatite trend at the Mauricio Target within the Igrejinha Project in Brazil's Lithium Valley. This trend extends over 400 meters and highlights the potential for additional pegmatite bodies in this significant lithium district. Despite a recent market downturn, Perpetual has maintained active lithium exploration, underlining its strategic position in one of the world’s most promising critical mineral regions. The company is advancing its exploration efforts with soil sampling and trenching programs aimed at delineating lithium systems at both Morro Grande and the Mauricio Target. Recent drilling at Morro Grande confirmed multiple mineral intersections, supporting the potential of the area. Furthermore, Perpetual is working on defining drill-ready targets for future exploration phases.
Key Points
  • >400m lithium-bearing pegmatite trend identified at Mauricio Target.
  • Potential for multiple mineralised bodies within the broader Igrejinha Project.
  • Continued exploration despite recent market downturn.
  • Extensive soil and trenching programs underway at Morro Grande and Mauricio Target.
  • Recent drilling confirmed multiple standout intersections at Morro Grande.
  • Strategic position within Brazil's Lithium Valley.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.