An update from Perpetual Resources Ltd. ( (AU:PEC) ) is now available.
Perpetual Resources Ltd has announced the commencement of an expanded exploration program at its Itinga Tin Project in Brazil, following recent reconnaissance sampling that revealed exceptional tin grades exceeding 20% Sn. This expansion aims to further delineate high-grade tin mineralisation and assess the potential for future resource delineation, capitalizing on favorable market conditions with rising tin prices due to global supply shortages. The program will include geological mapping, soil and rock sampling, and trenching to identify priority targets for a maiden drilling program, potentially enhancing the company’s position in the tin market.
More about Perpetual Resources Ltd.
Perpetual Resources Ltd is a company engaged in the mining industry, focusing on the exploration and development of mineral resources. The company is particularly involved in tin exploration, with its primary project being the Itinga Tin Project in the Jequitinhonha Valley region of Minas Gerais, Brazil.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $7.32M
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