Corporate News
Perpetual Resources Ltd – Strategic Drill Program at Raptor Rare Earth Project
Perpetual Resources Ltd (PEC.AX) is advancing a new resource‑definition drilling initiative at its Raptor Rare Earth Project, situated within the Poços de Caldas alkaline complex of Minas Gerais, Brazil. The company will systematically evaluate the extent and continuity of high‑grade Ionic Adsorption Clay mineralisation identified across three prospects—Portão Verde, Pina Colada, and Pinheirinho— with the objective of establishing a maiden JORC Mineral Resource Estimate.
The decision follows heightened strategic interest in the Caldeira district, underscored by Lynas Rare Earths’ proposed acquisition of Meteoric Resources. It also builds on prior shallow drilling and independent metallurgical test work that confirmed favourable rare‑earth recoveries. Perpetual is presently assessing drill design, methodology, budget, and timing, and will disclose detailed plans once the program is finalized.
Market Snapshot – Perpetual (PEC.AX)
- 24‑hour trading activity (ending 04:58 PM CET, Tuesday 20th): flat 0 %, trading at AUD 0.01.
- Current market capitalization: AUD 11.9 million.
- Total shares outstanding: 1.1 billion.
- 24‑hour traded value: AUD 140,195.
- Performance since last month‑end: down 15.38 %.
- 200‑day simple moving average: AUD 0.01.
- 52‑week high: AUD 0.02 (17 June 2026).
- 52‑week low: AUD 0.01 (31 December 2025).
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Company Profile – Perpetual Resources Ltd
Perpetual Resources Ltd is a mining development company focused on the Beharra high‑purity silica sand project in Western Australia. The company’s strategy is to transform Beharra into an export‑oriented silica sand operation, targeting the glass and foundry sand markets.
