Perpetual Resources Ltd. (AU:PEC) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Perpetual Resources Ltd has announced promising initial assay results from the Raptor Project, with high-grade Total Rare Earth Oxides (TREO) detected in surface samples, indicating the presence of ionic clay-hosted rare earth element mineralization. The samples, showing grades up to 4,553ppm TREO, compare favorably with similar projects in the region, and due to these strong results, the exploration program has been extended. The company is eagerly anticipating further findings from deeper drilling, expected to bolster these initial positive outcomes.
For further insights into AU:PEC stock, check out TipRanks’ Stock Analysis page.
