Perpetual Resources Ltd. (AU:PEC) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Perpetual Resources Ltd has initiated a metallurgical test work program at its Raptor REE Project in Brazil’s Caldeira Alkaline Complex, with the goal of confirming its potential as a significant rare earth element site. The tests, conducted by Australia’s Nuclear Science and Technology Organisation (ANSTO), aim to validate initial recovery factors and assess the project’s metallurgical characteristics, with results expected by the end of 2024. Successful outcomes could pave the way for a Maiden Mineral Resource Estimate in 2025.
For further insights into AU:PEC stock, check out TipRanks’ Stock Analysis page.