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Perpetual Resources ( (AU:PEC) ) has shared an update.
Perpetual Resources has launched its maiden field exploration program at the Paraíba Tungsten Project in northeastern Brazil, marking the first on-ground work across its 8,714-hectare landholding in the Seridó Mineral Province. The campaign is designed as a rapid, first-pass assessment to evaluate the presence and style of tungsten mineralisation.
Fieldwork over the next two weeks will include geological and structural mapping, validation of historical workings and artisanal sites, and systematic rock chip sampling from prospective zones. The results, expected in May–June subject to lab turnaround, are intended to define drill-ready targets and shape the next phase of exploration, positioning Perpetual to leverage tight tungsten supply and growing critical-mineral demand.
More about Perpetual Resources
Perpetual Resources Ltd is an ASX-listed exploration company focused on developing mineral projects, with tungsten now identified as a strategic commodity. The company is targeting opportunities in Brazil’s Seridó Mineral Province, South America’s leading tungsten-producing region, to supply critical mineral demand from defence, energy transition and advanced manufacturing sectors.
YTD Price Performance: 10.0%
Average Trading Volume: 1,575,666
Technical Sentiment Signal: Sell
Current Market Cap: A$10.98M
Learn more about PEC stock on TipRanks’ Stock Analysis page.