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High materiality8/10

Perpetua Resources reports high-grade Idaho drill results; tungsten upside emerging

Aug 6, 2026, 6:05 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Strong high-grade intercepts validate near-term value levers (gold, antimony) and add tungsten as a new optionality; government grant funding for tungsten exploration could unlock additional resource upside, a meaningful valuation driver given US critical-mineral policy tailwinds and rising tungsten prices post-export restrictions.

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What happened, with direct paths to the underlying reporting

Perpetua Resources reported strong 2026 Idaho drill results from Yellow Pine, West End and Hangar Flats with high-grade gold and notable tungsten and antimony intercepts. Tungsten is highlighted as a new exploration focus and the company has submitted U.S. grant funding proposals to advance deeper testing. If funding coalesces, results could broaden the resource base and lift Stibnite’s value and production optionality, potentially driving a near-term PPTA repricing.

First Idaho exploration in a decade yields high-grade gold, tungsten, antimony.
Interpreted intercepts include SB597: 21.3m at 3.2 g/t Au and 0.9% W.
Tungsten becomes a new focus; government grant funding sought.
Four rigs, ~5,800m drilled to date; 8.34k m total results.
Potential to unlock 3.1 Moz gold and 99.8 Mlb antimony beyond reserves.

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