# PEC: Raptor Resource Definition Drilling Planning Underway Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/pec-raptor-resource-definition-drilling-planning-underway--b92456ce-bcfb-40ac-a504-6c154a8aff03 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03154515 Publisher: asx Original announcement: 2026-10-19T22:58:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-19T23:04:24.732Z Atlas analysis updated: 2026-10-19T23:04:24.732Z - Company: Perpetual Resources Limited - Ticker: PEC - Exchange: ASX - Region: Minas Gerais, Brazil - Primary commodity: Rare earth - Secondary commodities: Neodymium, Praseodymium, Terbium, Dysprosium - Document categories: Other, Drill results - Extracted: 2026-10-19 23:04:25 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Perpetual Resources has commenced planning for a resource definition drilling program at its Raptor Rare Earth Project in Brazil. The program aims to define the scale and continuity of high-grade ionic adsorption clay mineralisation to support a maiden JORC Mineral Resource Estimate. Reasoning: The announcement focuses on the planning of a new resource definition program rather than new assay results, though it leverages high-quality historical data and strong regional sentiment. - Positive factor: strategic interest in Caldeira district - Positive factor: high-grade historical intercepts - Positive factor: excellent metallurgical recoveries - Negative factor: no new assay results in this release - Negative factor: drilling program is still in planning stage Facts used in scoring: 4 ## Classification and evidence **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The company is planning a program incorporating infill and extension drilling. Evidence · text > incorporating appropriate infill and extension drilling **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The project is located in the Caldeira district, which is seeing significant strategic interest due to the Lynas/Meteoric transaction. Evidence · text > Renewed evaluation of Raptor follows a significant increase in strategic and corporate interest in the Caldeira rare earth district ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Drill Results (4) ### RPT0018 [Link to this fact](https://atlas-staging.minestarters.com/news/pec-raptor-resource-definition-drilling-planning-underway--b92456ce-bcfb-40ac-a504-6c154a8aff03#fact-drill-facts-0) Raptor Rare Earth · rare earth Historical result Needs review: historical\_restatement #### Identity - Hole ID: RPT0018 - Project: Raptor Rare Earth - Commodity: rare earth - Region: brazil - Reported Region: brazil - Ticker: PEC #### Geometry - Grade: 5591 - Grade Unit: ppm TREO - Intercept: 5 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2024-09-13T00:00:00.000Z #### Dates - Event date: 2026-10-19T00:00:00.000Z Reasoning: High-grade intercept reported as part of historical maiden drilling. - Positive factor: high grade - Negative factor: historical data Evidence · text > RPT0018: 5m @ 5,591 ppm TREO \(35% Nd+Pr\), ending in 5,533 ppm TREO #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### RPT0012 [Link to this fact](https://atlas-staging.minestarters.com/news/pec-raptor-resource-definition-drilling-planning-underway--b92456ce-bcfb-40ac-a504-6c154a8aff03#fact-drill-facts-1) Raptor Rare Earth · rare earth Historical result Needs review: historical\_restatement #### Identity - Hole ID: RPT0012 - Project: Raptor Rare Earth - Commodity: rare earth - Region: brazil - Reported Region: brazil - Ticker: PEC #### Geometry - Grade: 4601 - Grade Unit: ppm TREO - Intercept: 12 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2024-09-13T00:00:00.000Z #### Dates - Event date: 2026-10-19T00:00:00.000Z Reasoning: Significant width and high grade reported in historical drilling. - Positive factor: significant width - Negative factor: historical data Evidence · text > RPT0012: 12m @ 4,601 ppm TREO \(23% Nd+Pr\), ending in 2,914 ppm TREO #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### RPT0011 [Link to this fact](https://atlas-staging.minestarters.com/news/pec-raptor-resource-definition-drilling-planning-underway--b92456ce-bcfb-40ac-a504-6c154a8aff03#fact-drill-facts-2) Raptor Rare Earth · rare earth Historical result Needs review: historical\_restatement #### Identity - Hole ID: RPT0011 - Project: Raptor Rare Earth - Commodity: rare earth - Region: brazil - Reported Region: brazil - Ticker: PEC #### Geometry - Grade: 4240 - Grade Unit: ppm TREO - Intercept: 7 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2024-09-13T00:00:00.000Z #### Dates - Event date: 2026-10-19T00:00:00.000Z Reasoning: High-grade historical intercept. - Positive factor: high grade - Negative factor: historical data Evidence · text > RPT0011: 7m @ 4,240 ppm TREO \(23% Nd+Pr\), ending in 2,722 ppm TREO #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### RPT0010 [Link to this fact](https://atlas-staging.minestarters.com/news/pec-raptor-resource-definition-drilling-planning-underway--b92456ce-bcfb-40ac-a504-6c154a8aff03#fact-drill-facts-3) Raptor Rare Earth · rare earth Historical result Needs review: historical\_restatement #### Identity - Hole ID: RPT0010 - Project: Raptor Rare Earth - Commodity: rare earth - Region: brazil - Reported Region: brazil - Ticker: PEC #### Geometry - Grade: 2546 - Grade Unit: ppm TREO - Intercept: 10 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2024-09-13T00:00:00.000Z #### Dates - Event date: 2026-10-19T00:00:00.000Z Reasoning: High-grade historical intercept. - Positive factor: high grade - Negative factor: historical data Evidence · text > RPT0010: 10m @ 2,546 ppm TREO \(21% Nd+Pr\), ending in 1,835 ppm TREO #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.