Perpetual Resources confirms High-Grade REE Discovery at Raptor Project in Brazil

Perpetual Resources Ltd (ASX: PEC) has completed its maiden shallow drill program at the Raptor Rare Earth Elements (REE) Project in Minas Gerais, Brazil, confirming significant new REE mineralization. Assay results show high-grade Total Rare Earth Oxides (TREO) at both surface and within shallow saprolite, with all drill holes ending in mineralization, indicating potential for deeper deposits. The results compare favorably with nearby projects, such as Meteoric Resources which has a JORC Mineral Resource Estimate of 545 million tonnes at 2,561ppm TREO. The company plans to conduct further drilling and initial metallurgical testing to support a Maiden Mineral Resource Estimate, reinforcing the project's potential for Ionic Absorption Clay (IAC) deposits.

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