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Perpetual Resources Limited (ASX:PEC)

ALERT: Price-sensitive ASX Announcement for PEC
Current share price for PEC : $0.015 0.001 (7.14%)+
Announcement
Release
27 Jul 2026 8:28AM
Price at Release
$0.014
Full Release
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Summary
Perpetual Resources Limited announced the results of their first-pass reconnaissance program at the Paraíba Tungsten Project in northeastern Brazil. The assays confirmed high-grade tungsten mineralization in three separate target areas, with significant results including grades up to 1.53% WO₃. The mineralization was found beyond historical workings, suggesting broader exploration potential. The findings validate the company's initial geological targeting and support the planned follow-up exploration to refine high-priority targets for potential drilling. Perpetual Resources aims to build a strategic tungsten portfolio through projects like Paraíba and the Nevada Scheelite Project as part of its strategy to enhance tungsten supply from Western-aligned jurisdictions.
Key Points
  • High-grade tungsten mineralization confirmed at Paraíba Tungsten Project.
  • Results include grades up to 1.53% WO3 across three separate target areas.
  • Mineralization extends beyond known historical workings.
  • Validates initial geological targeting and supports follow-up exploration.
  • Part of Perpetual's strategy to build a tungsten portfolio in Western-aligned regions.
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.