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Perpetual Resources Advances Raptor Rare Earth Project with Deeper Drilling Plans

Story Highlights
  • Perpetual Resources Ltd is advancing its Raptor Rare Earth Project in Brazil with deeper drilling plans.
  • The project aims to support a maiden JORC resource estimate and has shown excellent metallurgical recoveries.
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Perpetual Resources Advances Raptor Rare Earth Project with Deeper Drilling Plans

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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.

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