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Perpetual Resources Limited (ASX:PEC)

ALERT: Price-sensitive ASX Announcement for PEC
Current share price for PEC : $0.015 -0.006 (-28.57%)+
Announcement
Release
22 Jun 2026 9:28AM
Price at Release
$0.021
Full Release
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Summary
Perpetual Resources Limited has acquired an extensive historical geological and mining database for the Nevada Scheelite Project, which includes records from over 400 historical drill holes and detailed geological plans. This database, sourced from respected operators and government agencies, is being digitized to form a modern geological database, aiding in fast-tracking project advancement. The preserved historical drill core offers further verification opportunities, and a modern 3D geological model is being developed to enhance exploration targeting. Immediate technical efforts involve site visits, data digitization, and development of the 3D model to expedite exploration and resource definition.
Key Points
  • Perpetual Resources Limited (ASX: PEC) has secured a substantial historical geological and mining database for the Nevada Scheelite Project.
  • The database includes records from over 400 historical drill holes, geological cross sections, and mine plans.
  • Historical data originates from respected operators and agencies such as Union Carbide and the United States Bureau of Mines.
  • A digitisation program is underway to compile and validate the historical information into a modern geological database.
  • The preserved historical drill core provides opportunities for geological verification and analytical work.
  • A modern 3D geological model is being developed using this historical data.
  • The database is expected to fast-track technical evaluation and project advancement, saving substantial costs.
  • Perpetual’s immediate work program includes site visits, data digitisation, and creating a 3D geological model.
  • The work will support the fast-tracking of exploration and resource definition targeting.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.