Perpetual Resources Ltd. (AU:PEC) has released an update.
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Perpetual Resources Ltd has announced the discovery of significant rare earth element (REE) mineralization at its Raptor Project in Brazil, with drilling results showing high-grade REE both at surface and in shallow subsurface. These findings indicate a substantial upside and a strong potential for Ionic Absorption Clay (IAC) hosted deposits, with particularly high-value Neodymium-Praseodymium (Nd+Pr) ratios present in the mineralization. The company is now preparing for a follow-up drilling program and initial metallurgical testing, aiming to establish a Maiden Mineral Resource Estimate.
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