Perpetual Resources (ASX:PEC) Announces High-Grade Mineral Discovery at Itinga Project
Exploration Highlights
Perpetual Resources has identified exceptional high-grade tin, tantalum, titanium, and niobium mineralisation at its Itinga Project in Brazil. Reconnaissance sampling returned significant results, including >20% Sn and up to 5.51% Ta in Cassiterite, and >50% Nb₂O₅ in Columbite. The project features extensive mineralised pegmatites with strike corridors up to 750m by 200m, presenting substantial exploration upside.
Future Exploration Plans
Perpetual will conduct expanded exploration over the coming months to assess the project’s scale and additional opportunities. Preparations for lithium drilling are on track for commencement in Q2 2025. A dedicated exploration team will follow up on recent high-grade results to evaluate new mineral occurrences.
Executive Comments
Perpetual Exploration Manager Allan Stephens commented, “With strong progress at Perpetual’s lithium exploration assets in the region, we are also advancing our broader exploration portfolio. These latest results from Itinga are exceptional in grade and reaffirm the project’s potential within a tier-1 mining jurisdiction.
“The confirmation of high-grade niobium oxide (>50%) alongside high-grade tin mineralisation (>20%) has prompted us to expand our exploration focus and include this exciting area for follow-up work.
“With niobium and tin recognised as critical minerals for the future, these results present an exciting opportunity to advance multiple high-value commodities alongside our rapidly developing lithium projects.”
Motley Fool contributor Lianne Eastty 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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