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ACF Equity Research

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Equity Bottom-Up

Perpetua Resources Corp / Equity Bottom-Up

<ul>
<li>EBIT beat - loss came in lower by 2.43%, Δ $(0.73)m vs. ACF est.;</li>
<li>EBITDA beat - loss came in lower by 2.43%, vs. ACF est.;</li>
<li>EPS beat (+ fully diluted) loss 4.22% lower vs. ACF est.</li>
</ul>


EBIT beat - loss came in lower by 2.43%, Δ $(0.73)m vs. ACF est.;
EBITDA beat - loss came in lower by 2.43%, vs. ACF est.;
EPS beat (+ fully diluted) loss 4.22% lower vs. ACF est.


Perpetua Resources Corp (PPTA) Post-Results FYE22 ACF Equity Research 12042023

<ul>
<li>Perpetua Resources Corp. (Nasdaq: PPTA; TSX: PPTA) is an Idaho based (Stibnite jurisdiction), gold-antimony-silver (Au-Sb-Ag) junior explorer/producer.   </li>
<li>ACF is releasing a aluation increase for PPTA based on milestones achieved since our initiation note. ACF identifies PPTA as a US national strategic asset (Sb) and best-in-class gold asset. </li>
<li>PPTA is an ESG leader amongst junior miners. PPTA holds a unique antimony (Sb) reserve in the US and is positioned to be the only domestically mined source of Sb.</li>
</ul>


Perpetua Resources Corp. (Nasdaq: PPTA; TSX: PPTA) is an Idaho based (Stibnite jurisdiction), gold-antimony-silver (Au-Sb-Ag) junior explorer/producer.   
ACF is releasing a aluation increase for PPTA based on milestones achieved since our initiation note. ACF identifies PPTA as a US national strategic asset (Sb) and best-in-class gold asset. 
PPTA is an ESG leader amongst junior miners. PPTA holds a unique antimony (Sb) reserve in the US and is positioned to be the only domestically mined source of Sb.


Perpetua Resources Corp (PPTA) Update Note Filling the US Critical Minerals Supply Gap 08032023

<ul>
<li>ACF identifies PPTA as a US national strategic asset (Sb)and best-in-class gold asset.</li>
<li>Sb: Proven &amp; Probable Reserves 148 Mlbs at 0.06% in 104 Mt.</li>
<li>Au: Proven &amp; Probable Reserves at 4.8 Moz gold (Au) @ 1.43 g/t.</li>
</ul>


ACF identifies PPTA as a US national strategic asset (Sb)and best-in-class gold asset.
Sb: Proven &amp; Probable Reserves 148 Mlbs at 0.06% in 104 Mt.
Au: Proven &amp; Probable Reserves at 4.8 Moz gold (Au) @ 1.43 g/t.


Perpetua Resources Corp (PPTA) Flash Note Essential US Defense Project ACF Equity Research 19012023

Perpetua Resources Corp. (Nasdaq: PPTA; TSX: PPTA) is an Idaho based (Stibnite jurisdiction), gold-antimony-silver (Au-Sb-Ag) junior explorer/producer. 3Q22A results have evidenced steady state expenses. Our analysis identifies PPTA as a US national strategic asset (Sb) and a best-in-class gold asset. On Oct 28, 2022, the SDEIS was published for a 75-day public comment period. In the SDEIS, the USFS identifies PPTA’s Stibnite Gold Project as the ‘Preferred Alternative’. PPTA is a sustainability/ESG leader amongst junior miners (long run lower WACC). PPTA holds the only economic antimony (Sb) reserve in the US and is positioned to be the only domestically mined source of Sb (supplying ~35% of domestic demand). The US is heavily reliant on Sb for defense and ammunition.

Perpetua Resources Corp. (Nasdaq: PPTA; TSX: PPTA) is an Idaho based (Stibnite jurisdiction), gold-antimony-silver (Au-Sb-Ag) junior explorer/producer. 3Q22A results have evidenced steady state expenses. Our analysis identifies PPTA as a US national strategic asset (Sb) and a best-in-class gold asset. On Oct 28, 2022, the SDEIS was published for a 75-day public comment period. In the SDEIS, the USFS identifies PPTA’s Stibnite Gold Project as the ‘Preferred Alternative’. PPTA is a sustainability/ESG leader amongst junior miners (long run lower WACC). PPTA holds the only economic antimony (Sb) reserve in the US and is positioned to be the only domestically mined source of Sb (supplying ~35% of domestic demand). The US is heavily reliant on Sb for defense and ammunition.

Perpetua Resources Corp (PPTA) Post-Results ACF Equity Research 18112022

Perpetua Resources Corp. (Nasdaq: PPTA; TSX: PPTA) is an Idaho based (Stibnite jurisdiction), gold-antimony-silver (Au-Sb-Ag) junior explorer/producer. We expect 3Q22E vidence steady state expenses. Our analysis identifies PPTA as a US national strategic asset (Sb) and a best-in-class gold asset. Since our initiation, on Oct 28, 2022, the USFS chose PPTA’s Stibnite Gold Project as the Preferred Alternative on the SDEIS. PPTA is a sustainability/ESG leader amongst junior miners (LR lower WACC) - PPTA has completed its summer 2022 water quality improvement project at Stibnite. PPTA holds the only economic Sb reserve in the US and is positioned to be the only domestically mined source of Sb (supplying ~35% of domestic demand). The US is heavily reliant on Sb for defense and ammunition.

Perpetua Resources Corp. (Nasdaq: PPTA; TSX: PPTA) is an Idaho based (Stibnite jurisdiction), gold-antimony-silver (Au-Sb-Ag) junior explorer/producer. We expect 3Q22E vidence steady state expenses. Our analysis identifies PPTA as a US national strategic asset (Sb) and a best-in-class gold asset. Since our initiation, on Oct 28, 2022, the USFS chose PPTA’s Stibnite Gold Project as the Preferred Alternative on the SDEIS. PPTA is a sustainability/ESG leader amongst junior miners (LR lower WACC) - PPTA has completed its summer 2022 water quality improvement project at Stibnite. PPTA holds the only economic Sb reserve in the US and is positioned to be the only domestically mined source of Sb (supplying ~35% of domestic demand). The US is heavily reliant on Sb for defense and ammunition.

Perpetua Resources Corp (PPTA) Pre-Results ACF Equity Research 03112022

United States

Perpetua Resources Corp. operates as a mineral exploration company. The Company focuses on gold mining and development projects. Perpetua Resources serves customers worldwide.

Perpetua Resources Corp (PPTA US)

Perpetua Resources Corp (PPTA) Post-Results FYE22 ACF Equity Research 12042023

Perpetua Resources Corp.is an Idaho based(Stibnite jurisdiction), gold-antimony-silver (Au-Sb-Ag) juniorexplorer/producer. PPTA YE22A results beat...

ACF Equity Research

Perpetua Resources Corp (PPTA) Update Note Filling the US Critical Minerals Supply Gap 08032023

PPTA is an ESG leader amongst juniorminers. PPTA holds a unique antimony (Sb) reserve in the US and is positioned to be the only domestically mined...

ACF Equity Research

Perpetua Resources Corp (PPTA) Flash Note Essential US Defense Project ACF Equity Research 19012023

Perpetua Resources $PPTA; #TSX: #PPTA The Essential US National Defense Project - Receives DoD award of $24.8m and SDEIS comment period closes with...

ACF Equity Research

Perpetua Resources Corp (PPTA) Post-Results ACF Equity Research 18112022

Perpetua Resources Corp. (Nasdaq: PPTA; TSX: PPTA) is an Idaho based (Stibnite jurisdiction), gold-antimony-silver (Au-Sb-Ag) junior...

ACF Equity Research

Perpetua Resources Corp (PPTA) Pre-Results ACF Equity Research 03112022

Perpetua Resources Corp. (Nasdaq: PPTA; TSX: PPTA) is an Idaho based (Stibnite jurisdiction), gold-antimony-silver (Au-Sb-Ag) junior...

ACF Equity Research