Perpetual Resources Completes Maiden Site Visit to Nevada Scheelite Tungsten Project

Perpetual Resources (ASX: PEC) has completed a site visit to its Nevada Scheelite Tungsten Project in Mineral County, Nevada, marking the company’s first direct technical assessment since entering a binding acquisition agreement in June 2026.

The visit confirmed that historical mine infrastructure remains accessible and that the tungsten skarn system has a clear, mappable surface expression across two structural observation points.

Field mapping identified garnet-pyroxene skarn, limestone contacts, and calc-silicate alteration minerals consistent with the historical interpretation of an intrusive-related tungsten system.

The mapped skarn-limestone contact trends broadly north-south and ranges from subvertical to steeply east-dipping, broadly matching the direction of historical underground development.

Six first-pass rock chip samples weighing between half a kilogram and 1kg were collected across the skarn-limestone contact and submitted to American Assay Laboratories in Reno for multi-element analysis.

Historical Data Guides Next Phase

The site retains a timber and steel headframe above the main shaft collar, several mill and processing buildings, a box shaft collar, and additional surface workings across the adjacent hillside.

Perpetual considers the standing infrastructure and preserved workings useful for continued technical assessment, although parts of the surface infrastructure have collapsed and the operation reflects its age.

The Nevada Scheelite deposit has historical production of about 211,000 short tons at an average grade of about 1.1% tungsten trioxide.

Perpetual will now interpret the assays, compile and validate records from more than 400 historical drill holes, catalogue preserved drill core, and build a three-dimensional geological model before identifying priority confirmatory drilling and geochemical targets.

Direct Technical Confirmation

Executive chair Julian Babarczy said the site visit provided direct technical confirmation of several key features that first drew Perpetual to the project.

“The site visit confirmed that the tungsten skarn system has a clear surface expression […] consistent with a classic intrusive-related tungsten skarn environment,” he said.

“Importantly, the structural geometry observed at the surface aligns with the orientation of historical underground development, supporting the historical geological model and providing a strong foundation for the next stage of technical work.”

“Together with the substantial historical database and preserved drill core, these observations provide Perpetual with a clear pathway to develop a modern geological understanding of the project.”