Perpetual Resources Limited Stock

Perpetual Resources Limited is an Australia-based company, which is focused on glass and foundry sand industries, which are two users of silica sand. The Company’s principal activities consist of silica sands exploration of the Beharra Silica Sands Project, the Sargon Construction Sands Project and the Eneabba Project. Its flagship asset, the Beharra Project, is located approximately 300 kilometers (km) north of Perth and 96 km south of the port town of Geraldton in Western Australia, covering an area of approximately 49 square kilometers (km2). The Sargon Construction Sands project consists of a single exploration license, 70/5376, which covers a total land area of approximately 18 km2 and is located 45 km from Geraldton Port via the Brand Highway. The Eneabba North Project consists of a single exploration license, E70/5250, and covers a total land area of approximately 14 km2. Its Arrowsmith West project is located approximately 3.2 km west and south of Beharra silica sand project.