Perpetual Resources (ASX:PEC) executed a diamond drilling contract with ServDrill Brazil for a 1,500-meter drilling program at the Igrejinha lithium project in Brazil, according to a Monday Australian bourse filing.
The drill rig, crew, and associated equipment are currently mobilizing to site, with drilling expected to begin in the coming days. The program comprises around 22 diamond holes across the Mauricio and Morro Grande prospects.
Its shares jumped 7% in recent trading on Monday.
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