# Perpetual reignites Raptor as rare earths race in Brazil heats up Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/perpetual-reignites-raptor-as-rare-earths-race-in-brazil-heats-up--ba194d17-223c-4ed1-b796-7cb669ff696d Original source: https://stockhead.com.au/resources/perpetual-reignites-raptor-as-rare-earths-race-in-brazil-heats-up/ Publisher: stockhead Original announcement: 2026-10-20T01:49:58.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-20T03:03:13.720Z Atlas analysis updated: 2026-10-20T03:03:13.720Z - Company: Perpetual Resources - Ticker: PEC - Exchange: Unavailable - Region: Minas Gerais, Brazil - Primary commodity: Rare earths - Secondary commodities: Neodymium, Praseodymium, Terbium, Dysprosium - Document categories: Other, Drill results, Metallurgy - Extracted: 2026-10-20 03:03:14 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Perpetual Resources is planning a resource definition drilling campaign at its Raptor project in Brazil to support a potential maiden resource estimate. The project has shown high TREO grades and encouraging magnet rare earth recoveries in previous shallow drilling. Reasoning: The company is transitioning from early exploration to resource definition, supported by strong historical grades and metallurgical results. - Positive factor: Planned resource definition drilling to inform maiden resource estimate - Positive factor: High historical grades \(up to 5591ppm TREO\) - Positive factor: Encouraging metallurgical recoveries \(peak 93.8%\) - Positive factor: Strategic location in Caldeira district near Lynas/Meteoric interest - Negative factor: Historical drilling used auger rigs with limited penetration depth - Negative factor: Full extent of mineralisation remains untested Facts used in scoring: 5 ## Classification and evidence **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: Company is planning infill and extension drilling to test grade distribution and continuity. Evidence · text > Perpetual Resources \(ASX:PEC\) is planning infill and extension drilling **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: Mentions follow-up testing by ANSTO on composite samples. Evidence · text > Follow-up testing by ANSTO on nine composite samples **Single Domain Only** Polarity: negative Definition: Testing limited to one composite or domain — representativeness not established. Why it applies: only one composite was tested ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Drill Results (4) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/perpetual-reignites-raptor-as-rare-earths-race-in-brazil-heats-up--ba194d17-223c-4ed1-b796-7cb669ff696d#fact-drill-facts-0) Raptor · rare\_earths Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Raptor - Commodity: rare\_earths - 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 - QA/QC Methods: standards, blanks #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes - Historical Source Date: 2024-01-01T00:00:00.000Z #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Standout intersection from 2024 maiden drilling. - Positive factor: High grade intercept - Negative factor: Historical data Evidence · text > Standout intersections included 5m at 5591ppm 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 ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/perpetual-reignites-raptor-as-rare-earths-race-in-brazil-heats-up--ba194d17-223c-4ed1-b796-7cb669ff696d#fact-drill-facts-1) Raptor · rare\_earths Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Raptor - Commodity: rare\_earths - 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 - QA/QC Methods: standards, blanks #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes - Historical Source Date: 2024-01-01T00:00:00.000Z #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Significant intersection from 2024 maiden drilling. - Positive factor: Significant width and high grade - Negative factor: Historical data Evidence · text > 12m at 4601ppm 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 ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/perpetual-reignites-raptor-as-rare-earths-race-in-brazil-heats-up--ba194d17-223c-4ed1-b796-7cb669ff696d#fact-drill-facts-2) Raptor · rare\_earths Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Raptor - Commodity: rare\_earths - 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 - QA/QC Methods: standards, blanks #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes - Historical Source Date: 2024-01-01T00:00:00.000Z #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Reported historical result. - Positive factor: High grade - Negative factor: Historical data Evidence · text > 7m at 4240ppm 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 ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/perpetual-reignites-raptor-as-rare-earths-race-in-brazil-heats-up--ba194d17-223c-4ed1-b796-7cb669ff696d#fact-drill-facts-3) Raptor · rare\_earths Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Raptor - Commodity: rare\_earths - 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 - QA/QC Methods: standards, blanks #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes - Historical Source Date: 2024-01-01T00:00:00.000Z #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Reported historical result. - Positive factor: Mineralised intercept - Negative factor: Historical data Evidence · text > 10m at 2546ppm 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 ## Metallurgical Results (1) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/perpetual-reignites-raptor-as-rare-earths-race-in-brazil-heats-up--ba194d17-223c-4ed1-b796-7cb669ff696d#fact-metallurgical-facts-4) Raptor · rare\_earths #### Identity - Project: Raptor - Commodity: rare\_earths - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: PEC #### Test Work - Sample: nine composite samples tested by ANSTO #### Recovery - Recovery: 93.8 % - Recovery Basis: actual\_test #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: High peak recovery recorded under initial conditions. - Positive factor: Exceptional peak recovery Evidence · text > with a peak of 93.8% under initial, unoptimised conditions ## 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.