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Perpetual Resources ( (AU:PEC) ) has shared an announcement.
Perpetual Resources has secured applications over 8,714 hectares of tungsten-prospective ground in Paraíba State, Brazil, within the Seridó Mineral Province, South America’s leading tungsten-producing district. The concessions lie close to historic high-grade operations such as the Quixaba and Ilha Grande mines, positioning the company in the core of a proven tungsten corridor.
The company plans to begin field exploration programs including mapping, resampling of historical tungsten occurrences and geochemical work to define drill targets. This acquisition marks Perpetual’s first major step in making tungsten a focus commodity under its broader critical minerals strategy, aligning with strong forecast growth in the global tungsten market and the metal’s designation as a critical mineral in major economies.
The most recent analyst rating on (AU:PEC) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Perpetual Resources stock, see the AU:PEC Stock Forecast page.
More about Perpetual Resources
Perpetual Resources Ltd is an ASX-listed company focused on building a portfolio of critical mineral assets, with an emerging strategic emphasis on tungsten. The group targets projects in established mineral provinces, seeking to leverage existing infrastructure and growing demand from defence, energy transition and advanced manufacturing markets.
Average Trading Volume: 1,718,513
Technical Sentiment Signal: Sell
Current Market Cap: A$9.55M
Find detailed analytics on PEC stock on TipRanks’ Stock Analysis page.