Perpetual Resources expanded its exploration landholding in Brazil's Itinga region, known as "Lithium Valley," through two option agreements.

The agreements secure a strategic landholding adjacent to Perpetual's existing Itinga prospect, revealing multiple confirmed lithium soil anomalies and rock chips with peak values up to 2.1% Li2O.

The new permits, which are undergoing preliminary mapping and sampling, are near renowned lithium deposits and show geological similarities to Perpetual's existing holdings.

Each option agreement grants Perpetual an initial 60-day exclusive period for due diligence, followed by a 24-month option period before potential full ownership.