Brief: Perpetual Resources Says Strategic Review Initiated At Beharra

Perpetual Resources

26/10/2023 07:29

Oct 26 (Reuters) - Perpetual Resources Ltd  PEC.AX :
    * STRATEGIC REVIEW INITIATED AT BEHARRA
    * UNDERTAKING A STRATEGIC REVIEW OF ITS BEHARRA SILICA SAND
PROJECT
    * COMPANY MAY SEEK ASSISTANCE FROM EXTERNAL CONSULTANTS
DURING
REVIEW PROCESS, IF REQUIRED
    * CONTINUES TO SEE SIGNIFICANT POTENTIAL LONG-TERM VALUE IN
BEHARRA PROJECT
    * AS PART OF REVIEW, WILL EXPLORE OPTIONS FOR ASSETS,
INCLUDING JV
ARRANGEMENTS AND/OR PARTIAL OR COMPLETE DIVESTMENT, ETC
    * SEES POTENTIAL TO PROVIDE CO WITH ACCESS TO WHAT
ULTIMATELY
EXPECTED TO BE RISING SILICA SAND PRICING ENVIRONMENT
    * STRATEGIC REVIEW PROCESS IS EXPECTED TO CONCLUDE BY END OF
Q1 OF
2024

Source text for Eikon:  ID:nASX6QCgHy 
Further company coverage:  PEC.AX 

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