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Perpetual Resources Ltd

Perpetual Resources Ltd in small cash raiser, scouts for new projects

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Perpetual Resources Ltd (ASX:PEC) has raised $250,942.28 in a small raising at $0.025 each to sophisticated investors.

The company is identifying and assessing different projects in the resource sector.

It holds a 70% stake in 10 exploration licences located within the Lachlan Fold Belt, northwest of Sydney. The area contains a number of historical alluvial and hard rock gold workings.

Dakota Minerals (ASX:DKO) holds the remaining 30% interest.

Recorded production from the area and including the adjacent Hill End and Hargraves goldfields west of the project area is 4.15 million ounces.

 

 

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Quick facts: Perpetual Resources Ltd

Price: $0.04

Market: ASX
Market Cap: $11.42 m
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