Perpetual Resources
Financials:
Primary ticker: ASX:PEC
Stage of development: Development
Primary minerals: Nickel, Cobalt, Gold
Project to promote: Beharra Project
Project location: Australia
Website: www.perpetualresourceslimited.com.au
Perpetual Resources Limited (Perpetual) is a focused explorer of silica sands, aiming to produce high purity silica for export to the high growth Asian markets.
Perpetual’s flagship asset, the Beharra Project is located 300km north of Perth and is 96km south of the port town of Geraldton in Western Australia. Perpetual is aiming to produce up to 1.5mtpa of silica sand for export to the higher end float glass markets of Asia.
Cash: AUD$2M
Debt: NIL
Major shareholders:
Deutsche Balaton
Julian Babarczy
Robert Benussi
Tolga Kumova
Management ownership – 12%
Management Profile
Julian Babarczy- Executive Chairman
Julian Babarczy is Executive Chairman of Perpetual and one of the founding shareholders. Julian is an experienced public company and private company director, taking active investments and associated board roles where he sees potential for high growth opportunities.
What is your rationale for taking part 121 Mining Investment?
Looking for general interest that may be suitable for subsequent equity or debt funding rounds.
What recent news would you like to highlight to investors attending?
15/08/2022 – Beharra Test Results Confirm Reduction in Key Impurities.
28/02/2022 – PEC Signs Joint Co-operation Agreement for Geraldton Port.
17/03/2021 – Maiden Ore Reserve and Outstanding Beharra PFS Result Update.
28/02/2022 – PEC Signs Joint Co-operation Agreement for Geraldton Port.
17/03/2021 – Maiden Ore Reserve and Outstanding Beharra PFS Result Update.
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Confirm offtake interest and product pricing.
6 Months:
Complete subsequent study and close in on FID decision.
12 Months:
Fund and commence construction.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Lack of awareness of silica sand pricing. We are looking to confirm offtake interest in the next 3-4 months to provide revenue per ton certainty.
What do you think makes your company such a compelling investment?
Very large discrepancy between our market capitalisation and the NPV on our project.
What are the top 3 key investor takeaways?
1) Robust economics underpinning the valuation case.
2) unloved commodity suggesting a deep value opportunity.
3) Planned catalysts to alter perception and valuation in next 3-6 months.
2) unloved commodity suggesting a deep value opportunity.
3) Planned catalysts to alter perception and valuation in next 3-6 months.