Australia's Perpetual Resources leaps on progress to project approval

Perpetual Resources

23/11/2022 03:16

** Shares of Perpetual Resources  PEC.AX  rise as much as
11.1% to A$0.03, their highest level since Sept. 29
    ** Company says third-party study on its flagship Beharra
silica sands project shows "low risk" environmental impact
    ** Says study results expected to support environmental
approval timeline for the project
    ** PEC last up 7.4%, cutting YTD losses to ~68%
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))