PILGANGOORA NORTH LITHIUM PROSPECT
Peregrine was successful in a ballot for Exploration Licence E45/5775 which is located adjacent and along strike from the prolific Pilgangoora Lithium operations of Pilbara Minerals Ltd (ASX: PLS) and hosts abundant mapped pegmatites. E45/5775 is situated in a favourable geological setting which hosts numerous lithium occurrences. The mineral resource at Pilgangoora for June 2021 comprised a total of 308.9 million tonnes grading 1.14% spodumene (Li2O) and 105 ppm tantalite (Ta2O5).
There has been limited drilling and historical exploration conducted over E45/5775, a review of all past work is underway. The Company has been granted Exploration Licence E45/5775. Subject to weather, the Company will conduct field activities and undertake a comprehensive stream sediment and rock chip sampling programme.