Perpetual Resources launches key test work program

Perpetual Resources (ASX:PEC) has begun its maiden metallurgical test work program at the Raptor Rare Earth Elements (REE) Project in Brazil. The program aims to validate the project as an Ionic Absorption Clay (IAC) discovery and assess its metallurgical characteristics. ANSTO will conduct the testing, with initial results expected by the end of 2024.

Overview and future outlook for Perpetual Resources

Perpetual Resources has initiated a metallurgical test work program for its Raptor Rare Earth Elements Project in Brazil. The aim is to confirm the site as an Ionic Absorption Clay discovery and to evaluate its metallurgical properties. ANSTO's involvement highlights the project's potential, with initial results anticipated by late 2024 and a possible Maiden Mineral Resource Estimate in 2025. The project is strategically located in Brazil's 'Lithium Valley,' presenting further exploration opportunities. Perpetual also continues to develop its Beharra Silica Sand project in Western Australia, while remaining open to additional acquisitions to enhance its portfolio.

Insights from Perpetual Resources on new program

The involvement of ANSTO underscores our confidence in the project's potential. ANSTO's extensive expertise in rare earth processing will be invaluable as we work to validate recovery factors and metallurgical characteristics.