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Perpetual Resources Limited (ASX:PEC)

ALERT: Price-sensitive ASX Announcement for PEC
Current share price for PEC : $0.019 0.009 (90%)+
Announcement
Release
28 Oct 2025 4:28PM
Price at Release
$0.010
Full Release
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Summary
Perpetual Resources Limited, an ASX-listed company, reported strong progress in its Brazil operations, particularly at the Igrejinha Project, where high-grade assays confirmed significant caesium, lithium, and other critical minerals. The company successfully raised $1.6 million through a placement, maintaining a stable cash position to support ongoing exploration activities. In their quarterly report ending 30 September 2025, Perpetual detailed its efforts in exploration and evaluation, with net cash used in operating activities at $230,000. The company remains focused on further exploration at its Brazilian projects and continues advancing its Beharra Silica Sand project in Western Australia amidst favorable market conditions.
Key Points
  • Perpetual Resources completed a $1.6 million placement to investors, ensuring a robust balance sheet for exploration.
  • The company confirmed high-grade mineralisation at its Igrejinha Project in Brazil, with exceptional caesium grades.
  • The September quarter marked significant milestones with the receipt of assays confirming a fertile LCT-style pegmatite system.
  • Net cash from operating activities was negative at $230,000, with significant investments in exploration and evaluation.
  • Perpetual maintained a strong cash balance of approximately $1.6 million as at 30 September 2025.
  • The company plans further exploration at Igrejinha and Renaldinho projects to define additional high-priority drill targets.
  • Perpetual's Beharra Silica Sand project in Western Australia is under metallurgical test work due to improving market conditions.
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.