Meet The Team Driving High Purity Silica Sands Exploration At Perpetual Resources

Perpetual Resources Limited (ASX:PEC) has a stated aim to acquire, explore and eventually develop mining projects that require low capital and high potential margins, ideally supported by exposure to commodities that demonstrate a relatively lower price volatility than bulk commodities or base metals.

As a focused explorer of silica sands tapping the $9 billion worth global silica sands market and the leading Australian high-purity opportunity, the Company currently aims to produce high purity silica for domestic and international markets. PEC strategically chose silica sand as its first commodity exposure, owing to its apparent global supply constraint and apparent strong and predictable growth in demand.

Silica sand is environmentally sustainable and recycleable in nature with several industrial and consumer applications. Notably, it is witnessing global demand growth of 5% p.a.

At the back of high industrial demand, rapid urbanisation of the developing world, macro legislative shift against single use repackaging and high-tech manufacturing dependency, silica sand demand is likely to grow in the foreseeable future.

PEC’s Project Portfolio

PEC has an impressive project portfolio of four distinct project areas that have the potential for high purity silica and construction sand products, located proximal to established infrastructure.

Beharra Project:

  • PEC’s flagship asset, potential to become an important producer of high purity sand products;
  • Encouraging exploration & metallurgical results received in March 2020 quarter;
  • MRE commenced, Aircore drilling results pending.

Eneabba & Eneabba North Project:

  • Prospective for both high purity construction sand and silica sand;
  • Transport & Logistics Study, Domestic construction sand supply analysis and Scout & Auger drilling planned for 2H CY20.

Sargon Project:

  • Priority high purity silica sand target identified;
  • Recently acquired an option over Sargon North that has strong potential for construction sand;
  • Transport & Logistics Study, Auger drilling to define sand specifications Study planned for 2H CY20.

To know about recent developments at the projects, READ HERE- Perpetual Resources: Beharra Silica Sand Project Advances Across March 2020 Quarter

As deciphered, PEC has been steadily advancing activities at its flagship asset and has a plan charted out for the future. Let us acquaint ourselves with the team that is driving the strategic advancement at the Company-

PEC’s Board of Directors

The Company has been able to attract a qualified team in the pursuit of its strategic aim in the silica sand space with highly experienced professionals and consultants now actively engaged on progressing PEC’s project portfolio, who are also meaningful shareholders in the Company.

This team is bolstered by the support of PEC’s Board-

Mr. Julian Babarczy- Executive Chairman

  • Appointment effective from 1 April 2020
  • Enacted Non-Executive Chairman since June 2018

A finance industry professional with a career spanning 22 years, Mr. Babarczy spent almost two-thirds of his career at Regal Funds Management where he was a key member of the investment and leadership team and undertook a range of roles, including Analyst & Portfolio Manager and Head of Australian Equities. He was responsible for investments across a range of sectors, in both listed and unlisted companies, with a specific focus on natural resources investments.

Holding a Bachelor of Business degree from Monash University, Mr. Babarczy completed the Graduate Diploma in Mineral Exploration Geosciences and CFA program at Curtin University.

GOOD READ- Perpetual Resources Continues Progress Amid COVID 19, New Exec Chair Addresses Shareholders

Mr. Robert Benussi- Managing Director

With extensive experience in finance, corporate advisory, stockbroking, and business development, Mr. Benussi has held several positions in ASX-listed companies-

  • Silver Heritage Group Limited (ASX:SVH), where he resigned in October 2018
  • Tawana Resources Limited (ASX:TAW), where he resigned in December 2018
  • Bligh Resources Limited (ASX:BGH), where he resigned in October 2014
  • Jupiter Mines Limited (ASX:JMS), where he was Company Secretary & CFO from July 06 to June 11

Mr. George Karafotias - Executive Director & Company Secretary

Besides his role in PEC, Mr. Karafotias offers corporate advisory services to listed and unlisted companies, focusing on restructuring and refinancing. Presently, he is also the Chief Financial Officer of WHA Limited (ASX:WHA).

An accountant, Mr. Karafotias holds a Bachelor of Commerce degree from the University of Adelaide.

PEC Well Positioned Amidst COVID scenario

With the purpose of ensuring funding through the remainder of CY20 and achieving meaningful milestones to maximise shareholder value over the medium to longer term, PEC recently received commitments of at least $700k at $0.015 per share.

Despite the current self-isolation requirements owing to COVID 19, PEC continues to execute necessary in-field activities while ensuring the safest possible working environment for employees, consultants, and contractors.

Currently, COVID-19 related limitations to the completion of any of the required fieldwork is not anticipated, though the Company remains subject to any government-imposed changes to personnel movements which may unexpectedly impact planned timeframes.

GOOD READ- Perpetual Resources Advancing in the Lucrative Silica Sands Market

PEC last traded at $0.022 on 8 May 2020. With a market cap of $7.81 million, the stock has delivered returns of 10% in the past one month.





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