Published on July 20, 2022
By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, USA
We spoke with McKinsey Lyon, VP of External Affairs, and with Chris Fogg, Investor Relations Manager, of Perpetua Resources Corp. (Nasdaq: PPTA, TSX: PPTA). Perpetua Resources, through its wholly owned subsidiaries, is focused on the exploration, site restoration and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district, of central Idaho. They are encompassed by the Stibnite Gold Project. The Project is one of the highest-grade, low-cost, open pit gold deposits, in the United States and is designed to apply a modern, responsible approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Perpetua will have significant leverage to higher gold prices, and a valuable antimony by-product credit of $70/oz, over life of mine. Antimony is one of 50, federally listed, critical minerals, used in National Security and Defense, in batteries for clean energy, flame retardants, solar panels, glass and ceramics. The U.S. has no domestic mined antimony production. Perpetua Resources plans to re-establish domestic antimony production and help protect America’s future.
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