About Itinga 

The Itinga prospect areas, situated within the Araçuaí Pegmatite District of the Eastern Brazilian Pegmatite Province (EBPP), are part of one of the world's largest lithium-bearing pegmatite populations. Notably, the region has become a significant global producer of high-purity lithium, with increasing spodumene concentrate production at mines such as CBL’s Cachoeira Mine and Sigma Lithium Corp.’s Grota do Cirilo mine. These mines are strategically located near Lithium Ionic's two main NI 43-101 compliant lithium deposits: the Bandeira project and the Outro Lado deposit.​

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Exploration:

Perpetual's exploration efforts in the Itinga prospect areas represent the first systematic grassroots sampling campaign for lithium exploration in the region. Despite historically limited exploration activity and data, Perpetual has identified significant potential for LCT-type mineralization. Ongoing initiatives include aggressive geochemical exploration to compile a comprehensive dataset crucial for pinpointing high-priority areas for near-term drilling.

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In the region of Minas Gerais, soil sampling has been instrumental in identifying lithium resources, revealing near/sub-surface mineralisation associated with anomalies. Perpetual's soil sampling program, implemented on a 50m x 100m grid, covers three tenement areas, targeting pegmatite mapping and anomalous zones along the northeast strike trend. Geological similarities with established lithium deposits within the Itinga Pegmatite Field strategically position Perpetual. Despite the absence of historical lithium exploration, Perpetual's prospect areas share geological characteristics with known regional lithium discoveries, indicating promising potential for lithium exploration and development in the Itinga region.​

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Key Milestones:

• Widespread pegmatites confirmed.

• Significant soil anomalies confirmed via pXRF Lithium Index. (refer to ASX announcement)