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Perpetual Resources Ltd. ( (AU:PEC) ) just unveiled an announcement.
Perpetual Resources Ltd has confirmed ultra-high-grade spodumene at its Isabella Lithium Project in Brazil, with assays revealing significant lithium mineralization. The project is strategically located near other major spodumene projects, and the company has received environmental approval to commence drilling. Additionally, Perpetual’s Raptor Rare Earth Project has started metallurgical test work to confirm its potential as a significant rare earth element (REE) source, with positive results potentially leading to a maiden mineral resource estimate in 2025. The company has also signed an MOU with the government of Minas Gerais to advance its exploration and development initiatives in the region.
More about Perpetual Resources Ltd.
Perpetual Resources Ltd is involved in the mineral exploration and development industry, focusing on lithium and rare earth elements projects. The company operates primarily in Brazil, with key projects including the Isabella Lithium Project and the Raptor Rare Earth Project in Minas Gerais. Perpetual Resources is engaged in identifying and developing high-grade mineral resources to support the growing demand for these critical materials.
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $8.28M
For an in-depth examination of PEC stock, go to TipRanks’ Stock Analysis page.
