Perpetual Resources Limited is focused on gold exploration of the Wilagdon Thrust Project in New South Wales. The Company is focused on implementing an exploration and development program on its Atoz project and identifying further potential acquisitions that meet its project criteria. It focuses of exploring and developing the Atoz Coal Project and Wiagdon Thrust Joint Venture (WTJV). The Atoz Coal Project is located approximately 60 kilometers south of Padang in the central west of West Sumatra, and covers 192.08 hectares and has an approved production license (Production IUP). The Wiagdon Thrust Joint Venture (WTJV) comprises a suite of approximately 10 contiguous exploration licenses over an area of approximately 2,000 square kilometers in the Lachlan Fold Belt of New South Wales. The Wiagdon Thrust Project area lies within the north-eastern part of the Hill End Through, which is known for its gold and base-metals mineralization.