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An update from Perpetual Resources ( (AU:PEC) ) is now available.
Perpetual Resources Ltd announced significant results from its maiden drilling program at the Igrejinha Project in Brazil, confirming a high-grade, polymetallic LCT pegmatite system. The discovery includes exceptional grades of tin, tungsten, caesium, tantalum, and lithium, suggesting the potential for a globally significant caesium discovery. The company has also strengthened its exploration strategy by appointing a new Brazilian In-Country Exploration Manager and plans to accelerate exploration activities. Additionally, Perpetual is advancing its Raptor Rare Earth Project and Beharra metallurgical test work amid favorable market conditions, supported by a recent $1.6 million placement to bolster its financial position.
More about Perpetual Resources
Perpetual Resources Ltd operates in the mining industry, focusing on the exploration and development of critical minerals. The company is engaged in projects in Brazil, particularly in areas known for lithium and rare earth elements, positioning itself as a key player in the critical minerals market.
YTD Price Performance: -23.08%
Average Trading Volume: 3,945,735
Technical Sentiment Signal: Sell
Current Market Cap: A$9.46M
For an in-depth examination of PEC stock, go to TipRanks’ Overview page.