Five Holes Confirm Broad Lithium Pegmatites with 44m Intercept at SE Anomaly

Exploration Breakthrough at Igrejinha

Perpetual Resources Limited (ASX, PEC) has announced encouraging results from its maiden reverse circulation drilling program at the Igrejinha Project, situated in Brazil’s prolific Lithium Valley. The company has intersected multiple large-scale lithium-caesium-tantalum (LCT) pegmatites, including a standout 44-metre continuous intercept at the South-East (SE) Anomaly, where visual identification of spodumene; a key lithium-bearing mineral; was made.

This discovery is particularly notable given the rapid progression from initial target generation to drilling and the consistent presence of pegmatite across five of six holes drilled. The pegmatites appear to be hosted in two parallel structures, with strike continuity confirmed over at least 60 metres and surface mapping suggesting the mineralised system extends over 300 metres.

Significance of Visual Spodumene and Pollucite

While laboratory assays are still pending, the visual logging of drill chips has provided early confidence in the presence of spodumene, with one interval estimated to contain 5–10% modal spodumene. This is a promising indicator of lithium mineralisation, though it remains qualitative until confirmed by chemical analysis.

Additionally, Target 1 within the project area has delineated a pegmatite lens extending over 200 metres in strike and to depths exceeding 50 metres, where both spodumene and pollucite (a caesium-bearing mineral) have been visually identified. This dual mineralisation potential adds a valuable dimension to the project, positioning Igrejinha as a potential source of critical minerals beyond lithium alone.

Strategic Context and Next Steps

Located in the Minas Gerais region, the Igrejinha Project benefits from its placement within Brazil’s emerging Lithium Valley, a jurisdiction gaining global attention for spodumene deposits. Perpetual Resources holds exploration rights over approximately 12,000 hectares in this area, underscoring its commitment to developing critical minerals essential for the new energy economy.

The company is now awaiting assay results expected in the coming weeks, which will be pivotal in confirming the grade and economic potential of the mineralisation. Further drilling is planned to test the lateral and depth extensions of the pegmatite systems at both the SE Anomaly and Target 1, aiming to refine geological models and support future resource estimation.

Executive Chairman Julian Babarczy highlighted the significance of the findings, noting the mineralisation remains open along strike and at depth, presenting exciting exploration upside in a highly prospective lithium jurisdiction.