Perpetual Resources Ltd. (AU:PEC) has released an update.
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.
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