Perpetual Resources' maiden exploration program confirms high-grade tin mineralisation at Itinga project

Perpetual Resources Ltd (ASX: $PEC) has completed its maiden systematic exploration program at the recently acquired Itinga project area, located in the prolific 'Lithium Valley' region of Minas Gerais, Brazil. The exploration program confirmed high-grade tin mineralisation across multiple coarse Cassiterite bearing pegmatites, along with anomalous lithium, rubidium, niobium, and manganese.

Perpetual Exploration Manager's perspective on the results

The results from our first systematic reconnaissance program at the newly acquired Itinga licenses has provided compelling evidence of tin mineralisation in a prolific historical and contemporary producing tin region. Our results have also confirmed highly anomalous Lithium, Rubidium, Niobium, and Manganese, in addition to a host of significantly anomalous pathfinder elements which further highlight the potential of the fertile pegmatites in tenement area. With only ~50% of the 2,000-hectare tenure covered in this most recent reconnaissance program, we are already seeing the opportunity presented and believe that this foundational evidence builds a strong case for subsequent project evaluation. We look forward to executing a follow-on exploration program shortly, aiming to expand significantly on the scale of existing mineralisation.

Exploration program outcomes and future prospects

Perpetual Resources' exploration program at the Itinga project has confirmed high-grade tin mineralisation and anomalous lithium, rubidium, niobium, and manganese. The company's focus on identifying 'garimpos', ground-truthing previously identified hyperspectral targets, and investigating geomorphological anomalies has presented a compelling opportunity for a greenfield discovery. The Itinga Pegmatite Field and Brazil's Lithium Valley belt offer a highly fertile geological environment for critical minerals essential to the global energy transition. The coexistence of mineralisation of tin, lithium, and other rare earth elements is characteristic of the region, indicating significant potential for subsequent project evaluation and expansion. With the resurgence of interest in tin as a critical mineral and its extensive use in new technologies, Perpetual Resources is well-positioned to capitalize on the growing market opportunities. The company's strategic focus on further exploration and development of the Itinga project underscores its commitment to leveraging Brazil's rich mineral resources and contributing to the global new energy requirements.