Perpetual has spotted a large new Pico Grande anomaly in Brazil

Perpetual Resources (ASX:PEC) has spotted a large coincident anomaly at the Pico Grande prospect in the Igrejinha project in Brazil. Discovered in a recently completed soil geochemistry program at Igrejinha, the anomaly has been interpreted as a new concealed pegmatite body that extends approximately 600 metres by 400 metres and appears to be centred on a topographic high.

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Pico Grande is ~750m northwest of the Morro Grande high-grade critical minerals bearing pegmatite, which remains open in all directions and at depth.

Perhaps most interestingly, Perpetual’s executive chairman, Julian Babarczy, said, is that Pico Grande exhibits the same key lithium-caesium-tantalum (LCT) pathfinder elements as the established Morro Grande and Mauricio targets, confirming three coherent pegmatite prospects within the Igrejinha tenure.

“Today’s results further reinforce the regional potential of the Igrejinha project. With the identification of Pico Grande, we now have three high-priority pegmatite targets within the tenure, highlighting the emergence of what we believe could be a significant pegmatite camp,” Mr Babarczy said.

“Our systematic approach continues to deliver, with soil geochemistry again proving to be an effective exploration tool by defining a broad, coincident caesium-rubidium-gallium signature consistent with a fractionated LCT pegmatite system. With trenching set to commence in March, we are now moving into a disciplined testing phase ahead of a targeted mid-year drilling campaign.”

The Morro Grande pegmatite recently reported significant channel-sampling results, including grades up to 17% caesium monoxide (Cs2O).

“The company considers the geochemical signature at Pico Grande to be highly encouraging and consistent with the potential for a similar style of mineralised pegmatite system,” Mr Babarczy explained.

The soil program also confirmed strong lithium and pathfinder anomalism along the northern mid-slope of Morro Grande, directly overlying the previously identified pegmatite, where high-grade caesium and lithium channel sampling were recently reported.

The Mauricio target was previously tested in the company’s maiden drilling program in 2025, which intersected broad widths of pegmatitic material.

The newly defined soil anomaly will be incorporated into the upcoming trenching program to assess its potential further ahead of future drilling.

PEC opens trade at 1.1c today.

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