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- Perpetual Resources (PEC) is granted an exploration licence by the Western Australian Department of Mines, Industry Regulation and Safety (DMIRS)
- In granting the exploration licence, DMIRS has detailed a minimum expenditure commitment of $20,000
- Perpetual Resources says it’s focussed on exploring silica sands, aiming to produce high-purity silica for export to the high growth Asian markets
- The announcement follows an option agreement to acquire the Arrowsmith West tenement, located near the company’s flagship Beharra Mining Lease
- Perpetual Resources is trading flat at 14 cents at 3:10 pm AEST
Perpetual Resources (PEC) has been granted an exploration licence by the Western Australian Department of Mines, Industry Regulation and Safety (DMIRS).
In granting the exploration licence, DMIRS has detailed a minimum expenditure commitment of $20,000.
The Arrowsmith West Exploration Licence paves the way for exploration and evaluation activities to begin, in the hope of recovering high grade silica sand at the company’s flagship asset, the Beharra Project.
The company says its focussed on exploring silica sands, aiming to produce high-purity silica for export to the high growth Asian markets, where independent market assessments calculated a 40 megatonne per annum incremental market growth opportunity through to 2026.
Previous auger and air core drilling confirmed the presence of extensive, high-purity silica sands, with a maiden Mineral Resource Estimate completed in July 2020.
The announcement follows an option agreement to acquire the Arrowsmith West tenement, located near Beharra.
Planning and reconnaissance work is already underway, with updates set to be provided in the near future.
Perpetual Resources is trading flat at 14 cents at 3:10 pm AEST.
