Perpetual Resources Ltd. (AU:PEC) has released an update.
Perpetual Resources Ltd has launched its maiden due diligence exploration program at the Raptor REE Project in the renowned Caldeira REE complex in Brazil, focusing on identifying Rare Earth Element (REE) occurrences. The project spans 380 hectares adjacent to Meteoric Resources’ significant ionic clay REE project. Initial exploration results, including soil and sub-surface samples, are expected in July, with potential auger drill findings anticipated in August if drilling proceeds.
For further insights into AU:PEC stock, check out TipRanks’ Stock Analysis page.