The extent to which interaction occurred between the proto-Iceland mantle plume and the continental lithospheric mantle (CLM) during establishment of the Palaeogene British and Irish Igneous Province (BIPIP) has wide-ranging and important implications, not least for understanding the nature and differentiation of the parental melts, models of contamination of primary magmas as well as base and precious metal mineralization. This study focuses on a rare Palaeogene-aged xenolithic dyke from Inver, NW Ireland. Geothermobarometric calculations indicate that spinel lherzolites from the Inver dyke represent relatively fertile, cold, deep CLM. The Al-in-olivine thermometer yields 865–974°C for two xenoliths studied in detail and equilibration pressures (using the Ca-in-olivine-clinopyroxene barometer) of 12–15 kbar. Oxygen fugacity calculations indicate relatively reducing conditions (Δlog f O2[QFM]) of −3.2 to −2.3, a characteristic not inconsistent with deeply sourced CLM materials. Thermobarometry on the dyke host rock suggests that its parental melt equilibrated with the mantle at 1326°C and 18.6 kbar, constraining the depth to the lithosphere-asthenosphere boundary at ∼43 Ma to ∼59 km. Taken together, these observations attest to the localized survival of relatively unmodified CLM following the main pulse of BIPIP magmatism at 61–58 Ma. The new constraints are permissive of magmatic mineral deposit formation or enhancement by exchange between locally metasomatized CLM and rising asthenospheric melts, but such processes may be localized, i.e. beneath individual igneous centres of activity.