The silica sands explorer that is currently developing the Beharra Silica Sand Project in Western Australia, Perpetual Resources Limited (ASX:PEC) released update on activities for the three-month period ending 31 March 2020. During the period, Julian Babarczy was appointed as Executive Chairman
Air core resource definition drilling at Beharra was completed along with metallurgical testwork on shallow auger samples. While the drilling results are awaited, Maiden Resource Estimate work has commenced, results of which are likely to be available June 2020 quarter.
More recently, PEC concluded a capital raising of $553k in April 2020. Notably, Cash and cash equivalents at end of quarter amounted to $199k.
PEC quoted $0.031 at 12.11 PM AEST on 1 May 2020.
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