Perpetual Resources locks in funding for first Igrejinha drilling

Perpetual locks in drilling for high-grade lithium in Minas Gerais

Perpetual Resources Ltd (ASX:PEC) has put the key steps in motion to begin drilling for lithium at its high-grade Igrejinha project in Brazil, signing a contract with ServDrill Brazil to commence work at the company’s Lithium Valley tenements in Minas Gerais. The decision to focus on Igrejinha has been influenced by the exceptional assays picked up during a recent program of mapping and sampling work on outcropping spodumene found in the target …

Perpetual Resources locks in funding for first Igrejinha drilling

Perpetual raises $500,000 in a placement to professional and sophisticated investors Funds will be used for a maiden drilling program at Igrejinha Drill contract selection is nearing completion with work to begin in June   Special report: Perpetual Resources has received the backing of investors to raise $500,000 in a placement for maiden lithium drilling at the Igrejinha project, where rock chips returned grades of up to 7.6% Li20. The placemen…