• Perpetual Resources identifies multiple spodumene occurrences which trend more than 1km and remain open along strike
• Discovery indicates potential for parallel structures to exist outside the main corridors
• Initial assays of rock chips expected within the next 2-4 weeks

Special Report: Perpetual Resources’ Phase 1 exploration program at the Isabella project in Brazil’s prolific Lithium Valley has successfully identified multiple spodumene occurrences trending more than 1km.

These trends, which remain open along strike, indicate the potential for parallel structures to exist outside the main corridors supporting evidence of further potential occurrences within the project area.

Perpetual Resources (ASX:PEC) notes that the strategy of using the extensive artisanal workings found throughout Isabella has paid off, enabling access to subsurface geology via tunnels extending up to 150m.

While samples from rock chipping carried out during this exploration program are currently undergoing assaying, pre-acquisition rock chips have already confirmed high grades of up to 5.62% Li2O from artisanal workings.

“The Isabella project is quickly proving itself as a prime exploration opportunity in the heart of the prolific Lithium Valley in Brazil,” exploration manager Allan Stephens said.

“In just a few months, we have expanded on initial reconnaissance findings, identifying multiple pegmatite trends with spodumene mineralisation continuity over 1km, with potential for further growth.

“The presence of multiple strong targets, close in proximity, reinforces our confidence in uncovering further linkages within this pegmatite system at depth, which we are eager to develop and unlock.”

Prime exploration opportunity

Isabella, which was acquired in July, is adjacent to Atlas Lithium’s (NASDAQ:ATLX) Das Neves project, where 1.47% Li2O over 95.2m was reported in a drill hit and a lithium processing plant is expected to come online in Q4 2024. It is also close to Sigma Lithium’s (NASDAQ:SGML) Sao Jose project.

The company said it has developed a strong initial technical understanding of Isabella and has confirmed spodumene occurrences at five key locations along Trends 1 and 2 by following well-defined lineages.

Additionally, multiple outcrops and artisanal workings have revealed mineral assemblages, including green tourmaline (elbaite) and cleavelandite, both recognised as strong indicators of lithium-enriched environments.

PEC noted the over 30 artisanal mines and workings for green tourmaline and other precious gemstones within the licence area provided a valuable foundation for interpreting pegmatite geometry, mineral assemblages, and broader regional prospectivity.

Road ahead

Initial assays of rock chips collected during the Phase 1 exploration program are expected in the next 2-4 weeks.

Further results are expected over the coming 4-8 weeks.

The company also plans to carry out additional reconnaissance programs in November to target known and prospective lithium-caesium-tin bearing occurrences, start environmental and local landowner approvals, and advance the formal drilling approval process.

This article was developed in collaboration with Perpetual Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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