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Perpetual Resources ( (AU:PEC) ) has shared an announcement.
Perpetual Resources Ltd is advancing its Raptor Rare Earth Project in Brazil with plans for deeper drilling to assess the full extent of mineralization at the Portão Verde, Pina Colada, and Pinheirinho prospects. The project is strategically located within Brazil’s Caldeira Alkaline Complex, near major ASX-listed REE players, and aims to support a maiden JORC resource estimate. Previous metallurgical tests have shown excellent recoveries of up to 94% for key magnetic REEs, highlighting the project’s potential impact on the company’s operations and positioning within the industry.
More about Perpetual Resources
Perpetual Resources Limited is a company operating in the rare earth elements (REE) industry. It focuses on exploring and developing projects that involve critical minerals essential for high-performance permanent magnets used in electric vehicles, wind turbines, and advanced electronic technologies.
YTD Price Performance: 76.92%
Average Trading Volume: 2,107,198
Technical Sentiment Signal: Hold
Current Market Cap: A$19.21M
For an in-depth examination of PEC stock, go to TipRanks’ Overview page.