Perpetual Resources (ASX:PEC) said it has completed the maiden drill program at its Igrejinha project, located in Brazil's Lithium Valley, according to a Thursday Australian bourse filing.
Reverse circulation drilling has now been completed at Target 1 of the project as well as the South East (SE) anomaly, with preliminary observations to be released following receipt and analysis of drill hole logging data, the filing added.
The company expects assay results to be received in August, after seeing minor delays.
The company's shares fell past 17% on market close.
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