Perpetual Resources (ASX: $PEC) announces high-grade rare earth discovery

Perpetual Resources Ltd (ASX: $PEC) has announced the receipt of the first batch of drill results from its Raptor REE Project, located in Minas Gerais, Brazil. The initial drill program has confirmed exceptionally high Total Rare Earth Oxides (TREO) grades, with a significant focus on the valuable Neodymium-Praseodymium (Nd+Pr) rare earth oxides. Standout drill intercepts include 12m @ 4,601ppm TREO (23% Nd+Pr), 4,240ppm TREO (23% Nd+Pr), and 10m 2,547ppm TREO (21% Nd+Pr), all starting at the surface and ending in mineralization, indicating potential depth continuity. These results suggest the Raptor REE Project has the potential to be among the best Caldeira-style clay-hosted REE exploration opportunities.

Executive commentary on Raptor REE Project

Perpetual's recently appointed REE specialist, Mr. Karl Weber, expressed his enthusiasm, stating, 'It is extremely encouraging to have delivered such high REE grades in our maiden drill program at the Raptor Project. The high-grade surface results, combined with the significant weighting towards the high-value Nd+Pr rare earth oxides, indicate a high-value TREO assemblage is likely. We look forward to the receipt of further drill results from other tenement areas and to then considering deeper drilling to test the REE grades beneath the auger drilling.'

Summary of high-grade rare earth discovery at Raptor REE Project

The maiden drill program at Perpetual Resources' Raptor REE Project has unveiled exceptionally high-grade Total Rare Earth Oxides (TREO) with a significant focus on Neodymium-Praseodymium (Nd+Pr) rare earth oxides. The results indicate the potential for depth continuity and suggest the project's prospectivity as one of the best Caldeira-style clay-hosted REE exploration opportunities. The company expects additional assay results from the exploration program, including both surface and deeper drilling samples, by mid-September, reinforcing its belief in substantial mineralization potential across the Raptor Project area. The project's geological proximity to other high-grade ionic adsorption clay REE deposits further enhances its significance within the industry.