Latest Perpetual Resources (ASX:PEC) News

Perpetual Resources has warned of material uncertainty over its ability to continue as a going concern after its FY2026 loss more than tripled. The ASX-listed explorer finished the year with A$2.34 million in cash, but remains dependent on further capital raisings to fund Nevada Scheelite and Brazilian exploration.

Perpetual Resources has added 62 lode claims around its Nevada Scheelite tungsten project, expanding the land position by 1,271.63 acres and more than 15 times the original patented claim area. The move broadens the project from a historic mine redevelopment opportunity into a larger exploration play, although the new ground remains untested.

Perpetual Resources has digitised and reviewed 42 historical drill holes from its Nevada Scheelite tungsten project, identifying 22 with significant tungsten grades, underpinning plans for modern validation and 3D geological modelling.

Perpetual Resources has validated multiple high-grade tungsten zones at its Paraíba Project in Brazil, underpinning a strategic push into critical minerals with a planned follow-up exploration phase.

Perpetual Resources has completed its first on-site technical assessment of the Nevada Scheelite Tungsten Project, validating key geological features and historical infrastructure. Six rock chip samples have been collected for assay, with results awaited as the company advances its technical work program.

Small caps drove the week, with battery, resources and education names posting the biggest gains. Deal news, funding rounds and fresh drilling plans kept traders busy, while a few discounted raisings hit hard.

Small-cap materials stocks swung hard as buyers chased project funding, processing breakthroughs and new drill results. The biggest moves came from energy infrastructure, greenfields deals and uranium, while gold and copper stories kept the sector busy.

Perpetual Resources (ASX: PEC) has locked in a 100% stake in the historic Nevada Scheelite tungsten mine, boasting an average grade of 1.1% WO3 and existing underground infrastructure. The acquisition is backed by a $2.5 million placement to fund validation and exploration.

Perpetual Resources has achieved a major breakthrough in reducing iron impurities in its Beharra silica sand, pushing product quality closer to the coveted solar glass standard with a simple, low-cost processing approach.

Perpetual Resources has verified a continuous pegmatite system across four trenches at its Mauricio Target within Brazil’s Igrejinha Lithium and Caesium Project, tracing a 167-metre strike open in multiple directions. Assay results are awaited ahead of planned drilling.

Perpetual Resources has launched a detailed trenching campaign at its Igrejinha Lithium and Caesium Project in Brazil, aiming to refine multiple pegmatite targets ahead of a mid-year drilling push. Concurrent exploration planning is progressing at the Renaldinho Project, reinforcing the company’s foothold in Brazil’s Lithium Valley.

Perpetual Resources continues to hit high-grade lithium and caesium targets at its Igrejinha and Renaldinho projects while strategically entering the tungsten market with a sizeable new tenure in Brazil’s Seridó Mineral Province. The company is gearing up for trenching and drilling campaigns amid a tight cash position.