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Perpetual Resources (ASX:PEC) - Executive Chairman, Julian Babarczy - The Market Herald
Executive Chairman, Julian Babarczy
Source: YouTube
  • Silica sands company Perpetual Resources (PEC) has nearly completed its pre-feasibility study (PFS) for its Beharra project in Western Australia
  • Perpetual has completed 94 per cent of its PFS activities, which is expected to be completed by mid-February
  • An internal draft of the final PFS document is due to be reviewed and confirmed in the coming weeks
  • Additionally, the results from the 2000-kilogram metallurgical testing sample are expected to be released this week
  • On the market today, Perpetual is up 6.78 per cent and is trading at 6.3 cents per share

Perpetual Resources (PEC) has nearly completed its pre-feasibility study (PFS) for its Beharra high-grade silica sand project.

The company's flagship asset, Beharra, is located 200 kilometres north of Perth and 96 kilometres south of the port town Geraldton.

Perpetual has completed 94 per cent of its PFS activities, with the detailed documentation going according to plan and expected to be completed by mid-February.

An internal draft of the final PFS document is due to be reviewed and confirmed in the coming weeks.

Perpetual is also pleased to announce that the results from the 2000-kilogram representative sample bulk metallurgical testing program will soon be received, with the announcement expected within the week.

These results will provide a greater understanding of the likely individual high-grade silica sand product streams that will be modelled in the upcoming PFS.

Silica sands have an extensive range of uses, such as construction sand, glass making, LCD screens, optical glass and much more.

On the market today, Perpetual is up 6.78 per cent and is trading at 6.3 cents per share at 2:03 pm AEDT.


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