Perpetual Resources Ltd (ASX: PEC) Confirms High-Grade Lithium at Isabella
New Assay Results
Perpetual Resources Ltd (ASX: PEC) has announced the final assay results from its exploration program at the Isabella Lithium Project in Brazil. The results confirm ultra-high-grade spodumene mineralisation with grades reaching up to 6.8% Li2O. Significant rock chip assay results include sample PIZ011 at 6.8% Li2O and PIZ009 at 6.7% Li2O.
The assay results indicate that Isabella hosts three distinct mineralised trends across a regional-scale pegmatite system. These trends extend over 1 km, with geological interpretations suggesting potential extensions of up to 3 km.
Exploration Progress
Perpetual’s team is actively on-site, conducting follow-up sampling and reconnaissance work to further unlock the regional spodumene potential. The exploration will also target underexplored southern regions of the license area.
The company recently received an environmental exemption from Brazil’s National Mining Agency (ANM), granting formal approval for drilling. Drilling is anticipated to commence in the first half of FY2025, as local consultations begin to prepare for this maiden drilling program.
Strategic Location
The Isabella Project is strategically positioned in Brazil’s Lithium Valley, located approximately 10 km from Atlas Lithium’s Das Neves Mine and Processing Plant, which is set to begin production shortly. This proximity to major lithium development projects enhances the significance of Isabella’s findings.
Allan Stephens, Exploration Manager of Perpetual, stated, “These final assay results highlight the exceptional high-grade spodumene potential of Isabella, confirming mineralization across multiple pegmatite trends… Isabella holds remarkable promise as we prepare for our maiden drill campaign in the first half of 2025.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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