Perpetual Resources Limited

Stocks of the Hour: Mako Gold, Labyrinth Resources, Perpetual Resources A snapshot of the stocks on the move, featuring Mako Gold (ASX:MKG), Labyrinth Resources Limited (ASX:LRL) and Perpetual Resources Limited (ASX:PEC). https://lnkd.in/g_UxjUnM

Perpetual soars as drilling firms up Raptor’s rich REE potential | Coverage in The Australian:

This morning we announced the completion of our maiden shallow due diligence drilling program at the Raptor REE Project in Brazil. Assay results indicate a compelling presence of REEs both at surface and within the shallow saprolite, with all holes ending in mineralisation suggesting substantial potential upside at depth, as is evident at other nearby Caldeira-style clay-hosted REE deposits. Results confirm that REE mineralisation is now evident across all three Raptor Project areas (the Pina Colada, Portao Verde and Pinheirinho prospects). Significantly higher-value Neodymium-Praseodymium rare earths were also confirmed, with individual drill holes showing up to 35% Nd+Pr ratios. Hear our Executive Chairman Julian Babarczy discuss 📹

We're pleased to announce the completion of our maiden shallow due diligence drilling program at the Raptor REE Project in Brazil: https://loom.ly/PUqzdRQ Assay results reveal the presence of high-grade REEs both at surface and subsurface (saprolite), highlighting strong potential for Ionic Absorption Clay hosted deposits. The results demonstrate compelling high-grade Total Rare Earth Oxides (TREO) intersections, with multiple 3m intervals exceeding 4,500 ppm TREO and peak 1m intervals reaching up to 6,300 ppm. Notably, all intersections show a significant weighting towards the higher-value Nd+Pr (Neodymium-Praseodymium) oxides, comprising up to 35% of the total TREO assemblage across multiple project areas. Our Exploration Manager Allan Stephens said: "Within just a few months, Perpetual has moved quickly and efficiently to achieve compelling results in a prolific region known for hosting some of the world’s best REE deposits. With 21 holes drilled across three areas, testing both surface and shallow subsurface, we've delivered high impact evaluations, including significant intervals of up to 12m @ 4,601ppm TREO and Nd:Pr ratios of up to 35%. The majority of holes end in mineralisation, suggesting strong potential at greater depths. We now focus on infill drilling and deeper subsurface testing to scale up and position our projects for resource-ready milestones."

We're pleased to welcome Vinicius Theobaldo Jorge to our Brazilian exploration team as Geologist/Geophysicist. Vinicius has been working with Perpetual on an ad-hoc contractual basis over the past 12 months, and has been instrumental in assisting the company with navigating project developments in Minas Gerais and expanding our network in the region. We're thrilled to have him join us as a permanent staff member starting this week. Vinicius holds a Master’s degree in Geophysics and brings valuable experience in grassroots lithium exploration, as well as a deep understanding of regulatory reporting and compliance with Brazil's Agência Nacional de Mineração (ANM). He has played a crucial role in leading remote operations for the company and is currently on site at our Isabella Project, advancing our exploration efforts.

Perpetual Executive Chairman Julian Babarczy caught up with journalist Barry FitzGerald for a chat on exploration activities underway at our Brazilian critical minerals project portfolio on Stockhead’s Explorers Podcast. 🔊 Click here to listen: https://loom.ly/ZgPQn6g

Perpetual has received firm commitments from institutional, professional and sophisticated investors and Directors of the company to raise at least $1.03m (before costs) through a placement at 0.9c per share. Proceeds will be used to advance the Raptor REE Project and the Isabella Lithium Project, both located in Minas Gerais, Brazil. Read more here: https://loom.ly/rIqm-UE

Corporate Presentation – August 2024:

Perpetual in The Australian — Perpetual drilling extends Raptor high-grade REE discovery across two tenements:

Perpetual Resources Limited (ASX:PEC) is kicking off exploration within a recently acquired lithium project in Brazil. Find out what the company is exploring for here. https://lnkd.in/gUJB8an2 #exploration #lithium #brazil #mining #miningnews