Perpetual Resources Ltd (ASX: PEC) has initiated metallurgical testing on samples from its Raptor REE Project, located within Brazil’s Caldeira Alkaline Complex, a globally recognized site for rare earth elements (REE). The program, conducted by Australia’s Nuclear Science and Technology Organisation (ANSTO), aims to confirm the Raptor Project as an Ionic Absorption Clay (IAC) discovery, validate initial recovery factors, and analyze metallurgical characteristics. The project’s drill intercepts have revealed high-grade concentrations of Total Rare Earth Oxides (TREO), particularly rich in neodymium (Nd) and praseodymium (Pr).
Results from Raptor’s auger drilling program show grades that are comparable to those of the nearby Meteoric Resources site, which holds a JORC Mineral Resource Estimate of 545 million tonnes at 2,561 ppm TREO. Positive results from the current metallurgical tests would support a Maiden Mineral Resource Estimate in 2025. Preliminary test outcomes are expected by the end of 2024, potentially advancing Raptor as a promising REE project.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
