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PEC - Perpetual Resources

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Perpetual Resources Limited (PEC) is aiming to develop multiple coal mines throughout Indonesia and to supply from these mines a high-grade thermal coal export product targeted at China and India's growing demand for coal-fired power generation.

The company has entered into an agreement to acquire rights in relation to a coal mining and exploration tenement in West Sumatra, known as the Atoz Project.

Near term plans include implementing an exploration and development program across the Atoz Project, with an initial exploration budget of US$1,525,000 over 2 years.

http://www.perpetualresources.com.au
 
And trying again, closer to home and in a new emerging srctor

Perpetual Resources Limited (PEC) is an explorer of silica sands, and looking to produce high purity silica for domestic and international markets. Perpetual's flagship asset, the Beharra Project is located 300km north of Perth and is 96km south of the port town of Geraldton in Western Australia.

The June 2021 quarter saw the planning, execution, and completion of an 86 hole aircore drill program at the Beharra High Grade Silica Sand Project.

In addition, in July:
• Perpetual has acquired an option over the Arrowsmith West tenement, prospective for high grade silica sand.
• Total transaction value (including option payment) of A$100,000 (all consideration in Perpetual shares)
• Arrowsmith West considered highly strategic, being located 3.2km west and immediately south of Perpetual’s flagship Beharra Mining Lease and is traversed by the sealed Brand Highway and the Geraldton to Eneabba railway line.
• Arrowsmith West contains prospective target areas located entirely within cleared farming land, with potential for minimal or no impact to existing native vegetation.



Silica sand offtake enquiries remain extremely strong, current unusually high international sea freight rates are impacting buyers ability to source bulk products from Western Australia. Silica sand is in heavy demand due to two factors: one, the growing number of industrial and technology products that require it, and the growing resistance by Asian governments to dredging rivers and beaches to mine sand.
Silica sand is a bulk commodity and one of the most mined commodities in the world. Its secret is the existent of angular particles. These can interlock and provide much greater strength for products like concrete, which require the basic silica supply. Glass making is its most popular use – all types of glass require it. It is also needed in foundries, kitchen taps, ceramics, cosmetics, paint and coatings, metallurgy, chemicals production, oil and gas recovery, water filtration and sand for construction.
(- from the Australian Silica Quartz Group Ltd (ASQ) site.)
 
where's it been
Screenshot_20240511-194235_CommSec.jpg

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believe it or not, up 88 per cent this week
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based on getting tax rebate or sumpin'.

A $10 mill MC, poking around Brasil - just scratching the surface

Significant lithium soil anomalies identified at Itinga
• Early in the quarter, Significant lithium soil anomalies were identified at the Itinga prospect in association with outcropping and interpreted subsurface pegmatites.
• pXRF results from 133 samples confirmed Lithium index values of up to 255ppm with clearly anomalous values across a broad sample area.
o 23 soil samples (17% of the total) have Li Index values exceeding 150ppm.
o 88 soil samples (66% of the total) have Li Index values exceeding 100ppm.
• The soil anomaly correlates with lithologies that are considered favourable for hosting LCT-type pegmatites in a proven lithium province.
--- Itinga Infill program and commencement of exploration at Ponte Nova and Paraiso
• Coherent lithium soil anomaly traced over 1km.
• Preliminary geological interpretation revealed presence of multiple parallel northeast-striking pegmatites.
• Preliminary exploration activities (mix of rock chip and soil sampling) also commenced at Ponte Nova and Paraiso prospect areas.
• Sampling across Perpetual’s Brazilian exploration areas to also include a review of REE potential.
--- Itinga soil anomalies continue to grow
• Later in the quarter, further strongly anomalous lithium soil sampling results were received at the Itinga prospect, leading to enlarged and higher confidence soil anomalies being identified.
• Results are coincident with outcropping and interpreted subsurface pegmatites, further confirming prospectivity.
• Soil sampling confirmed as a key tool for the identification of lithium mineralisation in the region, consistent with nearby lithium project discoveries.
• pXRF results from 129 samples confirmed Li index values of up to 239ppm with clearly anomalous values across a broad sample area;
o 40 soil samples (31% of the total) have Li Index values exceeding 150ppm.
o 102 soil samples (79% of the total) have Li Index values exceeding 100ppm.
• The soil anomaly also correlates with lithologies that are considered favourable for hosting LCT-type pegmatites in a proven lithium province.
 
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