Perpetual Resources Ltd. (AU:PEC) has released an update.
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Perpetual Resources Ltd has announced promising initial drill results from its Raptor REE Project in Brazil, showcasing high-grade rare earth oxide (TREO) concentrations, particularly in the valuable Neodymium-Praseodymium (Nd+Pr). The intersections, reaching up to 12 meters from the surface, indicate the potential depth continuity of mineralization. These findings position the Raptor Project as a promising player in the rare earth elements market, with further results anticipated to inform subsequent deeper drilling plans.
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