- Perpetual Resources (PEC) has applied for a new mining lease within its Beharra Project in Western Australia
- The mining lease covers 1037 hectares and includes Beharra’s entire ore reserve estimate and the mineral resource estimate
- Excitingly, this marks another significant milestone, following on from the recently upgraded mineral resource and completing a pre-feasibility study
- Perpetual will now conduct various studies to support the mining lease being approved
- It will also commence a feasibility study ahead of making a final investment decision for the silica sands project
- Company shares are up an even 10 per cent to trade at 8.8 cents
