Perpetual Resources secures strategic land holding in Lithium Valley

Perpetual Resources Limited (ASX: $PEC) has announced the acquisition of two option agreements to secure a large strategic land holding adjacent to its existing Itinga prospect in Minas Gerais, Brazil. The new landholdings contain multiple confirmed lithium soil anomalies and peak value rock chips up to 2.1% Li2O, based on initial pass LIBS analysis, to be confirmed by assay. The acquisitions build scale for Perpetual in a highly prospective area, and work programs will commence imminently on the new and existing land areas.

Chairman's perspective on the new exploration areas and LIBS results

Our successful exploration efforts to date had identified Itinga as the highest prospectivity region within our Brazilian exploration portfolio. Data collected from our existing land holdings clearly pointed to the high prospectivity of the land we have now secured, both in terms of potential scale and grade. To have confirmed, using LIBS analysis, the highest grades we have seen to date in the region on this newly secured land, is an extremely encouraging result and one which fast tracks our efforts to identify drill-ready targets in coming periods.

Outlook for Perpetual Resources

Perpetual Resources has significantly expanded its exploration landholding in the Itinga region of Minas Gerais, Brazil, known as 'Lithium Valley', through the execution of two option agreements. The new landholdings contain multiple confirmed lithium soil anomalies and peak value rock chips, indicating the potential for lithium mineralization. The acquisitions build scale for Perpetual in a highly prospective area, and work programs will commence imminently on the new and existing land areas. The recently acquired tenements are situated within approximately 30km of world-class lithium deposits, positioning Perpetual for further exploration and development in a region with significant potential. The company's focus on critical minerals essential to the fulfillment of global new energy requirements aligns with its ambitions to continue reviewing complementary acquisition opportunities to augment its growing portfolio of exploration and development projects.