Business · Energy & Commodities · 1 hr ago
Perpetual finds tungsten grades up to 12.03% at Nevada mine
Australian explorer Perpetual Resources found high-grade tungsten in samples from its historic Nevada Scheelite mine in the United States.
Eight of nine underground samples contained more than 1% tungsten oxide, and the highest result was 12.03%.
These were selective samples, so they do not show the average grade or prove that mineralisation continues through the area.
A new LiDAR survey has created a 3D view of the old mine, which the company is combining with historical plans and drill data to identify untested areas.
The company sees potential beyond the old workings, including at greater depths, but those extensions have not yet been confirmed by modern sampling.
Perpetual is preparing its first modern diamond drilling program, with rig contracts under review and arrangements expected to be confirmed in the coming weeks.
It also plans further mapping, sampling and tests of preserved historical drill core.
Perpetual Resources reported that eight of nine underground samples at its Nevada Scheelite project contained more than 1% tungsten trioxide.
The highest result was 12.03% WO₃ from broken material in an old stope on the 200-foot level.
Five samples exceeded 4% WO₃, while two surface rock chips returned 1.18% and 1.10%.
A completed LiDAR survey has provided a modern 3D view of historic mine workings and may help identify areas for exploration.
Perpetual is assessing targets ahead of its first modern diamond drilling program, with rig contracts under review.
- Who
- Perpetual Resources, an explorer listed on the ASX.
- What
- It reported tungsten assay results from samples at its Nevada Scheelite project, including a high of 12.03% WO₃.
- When
- The results were reported on 25 October 2026.
- Where
- Nevada Scheelite project, Nevada, United States.
- Why
- The results add information for targeting the company’s first modern diamond drilling program.
This story does not have two clearly opposing sides.
Perpetual expanded the Nevada Scheelite land position by about 1,272 acres.
Stockhead reported the assay results from nine underground samples.
Perpetual said it had completed a LiDAR survey and was reviewing rig contracts for its maiden modern drilling program.
- Highest assay
- 12.03% WO₃
- Underground samples above 1%
- 8 of 9
- Samples above 4%
- 5
- Surface rock chips
- 1.18% and 1.10% WO₃
- LiDAR survey
- Captured the main and decline shafts and the 100-foot to 400-foot levels
What people are saying
What makes these results particularly exciting is the opportunity we see beyond the historically mined areas.
While these are selective samples and do not establish average grades or continuity, they reinforce our confidence in the exploration potential of Nevada Scheelite.