Perpetual moves into rare earths with Raptor Project in Brazil

A strategic asset in a strategic location. Perpetual Resources (ASX:PEC) has acquired a low-cost option over the Raptor project, which includes rare earths such as niobium and scandium mineral rights, located within 10km of the prolific tier one Calderia Rare Earth complex in Minas Gerais, Brazil.

Executive Chairman Julian Babarczy says: “This agreement represents a highly strategic move for Perpetual, securing for us, at an extremely low cost, the mineral rights to such a prospective tenement package in an area which is highly sought after for rare earth exploration.

The success of the nearby Meteoric Resources ionic clay REE project demonstrates the geological prospectivity of the mineral rights and we look forward to commencing due diligence immediately.”

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Written By Shae Russell

Shae has been an equities analyst with a focus on investment writing for 15 years; the last eight of which has centred on the domestic and international mining sector. She’s now bringing this expertise to enhance and strengthen Mining.com.au‘s role as Australia’s leading source of mining news.

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