Dominion Mining previously collected over 3,389 auger geochemical samples and drilled 41 aircore holes totalling 1,384m of aircore drilling. Air core drilling commenced at its Warrior Project in WA. Commenting on the results, Pursuit CEO Mark Freeman said: The PGE-Ni-Cu targets which have been recognised from the preliminary data from the Calingiri East AEM survey block, demonstrate how the application of AEM surveys to PGE-Ni-Cu exploration can rapidly advance a project and generate highly prospective targets for drill testing. This is early stage exploration and the companys current valuation reflects that - which to us, makes it the most interesting of those in the province CHN has made famous. Over the past year, the Pursuit Minerals share price is up 400%. Surrounding companies have seen solid re-rates since entering the area. The result of this discovery has led to a field of ASX explorers taking up some ground, hoping to make their own. Pursuit Minerals Ltd is an Australian mineral exploration and project development company. Copyright FactSet Research Systems Inc. All rights reserved. does not constitute personal advice and S3 has not taken into It explores projects including the Koitelainen project and Karhujupukka project located in Finland, Central Sweden projects and the Airijoki project located in Sweden. Magnetic Resources Limited only completed limited surface sampling and drilling. The YTD, 1-3- and 5-Year Returns are adjusted for dividends and splits. 40 more messages in International stock quotes are delayed as per exchange requirements. It explores projects including the Koitelainen project and Karhujupukka project Based on this timeline, PUR could very well see a re-rate ahead of drilling. WebAccess detailed premium company data for PUR - Pursuit Minerals Limited including Top 20 shareholders, Director Transactions and more. Objective #3: Complete either a definitive feasibility or bankable feasibility study (DFS/BFS). Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. The Company has been engaged by PUR to share our commentary on the progress of our Investment in PUR over time. Analysts believe that now could be the time to add these shares to your portfolio May 1, 2023 | This article may include references to our past investing performance. We want to see PUR drill to depths of ~500m where mineralisation is interpreted to extend to. advice is general advice only. Copyright 2023 Surperformance. The business operating segment includes; Australian Projects, Norway projects, Finnish projects and Swedish projects. & Taxation. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. Updated daily, it takes into Mr Bob Affleck Managing Director Mr Mark Stephens is a former director of Odin Metals Limited (formerly Lawson Gold Limited) (resigned February 2018), Mithril Resources Ltd (resigned May 2019) and Gooroo Ventures Limited (resigned January 2020). Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Pursuit Minerals (ASX:PUR) Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. To have defined focussed quality targets from the preliminary data is very encouraging and we look forward to identifying further targets from the remainder of the Warrior AEM survey and then drill testing the highest priority targets as soon as practicable. All rights reserved. The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. Team includes the founding chairman of $1.7BN Syrah Resources - Tom Eadie, and Kyle Stevenson was also the founder of Millennial Lithium which was eventually sold for CAD$491M. WebPursuit Minerals Ltd is an Australian mineral exploration and project development company. Objective #2: Pilot plant construction to show recovery potential. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Patient shareholders in the junior miner have enjoyed a highly profitable 12 months and a great start to 2021. We have also been following the private Argentinian lithium asset being acquired by PUR since October this year, and also have an interest in this company after participating in a pre-listing capital raise, which will convert to PUR shares post transaction. -, Pursuit Minerals Issues 3.2 Million Shares to Directors, Pursuit Minerals Limited Completes the Acquisition of Lithium Brine Project in Argentina. PUR will acquire 100% of its Tier 1 Warrior PGE-Nickel-Copper Project, which is only between 20 kilometres and 170 kilometres to the north of Chalice Gold Mines Ltds Gonneville Julimar discovery. You can do it. Delayed Australian Stock Exchange Next Investors invests in companies and shares updates, and commentary on their business execution and progress. Open menu Quick Company Search Disclosure: Disclosure: S3 Consortium Pty Ltd (the Company) and Associated Entities own 25,133,333 PUR shares and 10,000,000 PUR Shares on Trilogy Class B Con Note conversion at the time of publishing. 2000 - 2023 HotCopper. The Company's projects include Warrior PGE-Ni-Cu Project, Commando Gold Project, Gladiator Gold Project, and Combatant PGE-Ni-Cu-Au Project. The final data is expected by the middle of April. However, the geological structure appears to be quite complicated with significant folding and faulting of some of the narrower ultramafic units. Pursuit Minerals Ltd is an Australian mineral exploration and project development company. The ultimate aim of the drilling program will be to establish a maiden JORC resource estimate for its project. 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Initial Investment: @ 1.3c Top Slice Free Carry Initial Investment: @ 6.9c Free Carry Take Profit Price increases 300% from initial entry Price increases 500% from initial entry Price increases 1000% from initial entry 12 Month Capital Gain Discount Hold remaining Position for next 2+ years, Lithium project acquisition to be completed in just weeks, Lithium brine in South America's lithium triangle - update, Lithium acquisition approved by shareholders, $8M raised - TWO major conditions to acquisition met, Critical minerals quickly becoming a priority in the EU, Noosa Mining Investor Conference round-up, China considering US$1.1 trillion infrastructure stimulus, Pursuit Establishes an At Call Funding Facility, China considering US$220Bn in infrastructure stimulus, VW CEO breaks down batteries and supply chain issues, AC drilling program underway at WA gold project. The region also hosts majors like Allkem (capped at $8.3BN), Albemarle (capped at $45BN), SQM (capped at $39BN) and Rio Tinto ($172BN) hold lithium projects. I'm taking the "L" and moving on. We want to see the company build and operate a pilot plant to show that it can produce lithium carbonate from its project efficiently. Join Our Premium Community WebRagusa Minerals Ltd (RAS, formerly SIV Asset Management Limited) operate in the mineral exploration sector focusing on exploration for gold and associated minerals. Rank Top 20 Investors Number of Shares % Issued Capital; 1: 1. As noted earlier, Devex Resources Limited (ASX: DEV) and Mandrake Resources Ltd (ASX: MAN) have made very successful forays into the area. Accordingly you should consider how appropriate the advice (if any) is does not constitute personal advice and S3 has not taken into risk, allowing investors to make better decisions and streamline their work ow. Barchart is committed to ensuring digital accessibility for individuals with disabilities. WebMr. Bernd Struben, Just one year ago Australias official cash rate stood at 0.10%. Shareholding changes less than 1% do not require notification to the market. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Pursuit Minerals Ltd (ASX: PUR) shares are off to the races today, up more than 35% to 5 cents in afternoon trading. The Gladiator Gold Project consists of four exploration licenses located approximately 10 km northwest of Laverton in Western Australia. account day-to-day movements in market value compared to a companys liability structure. The Wubin tenement (E70/5493), granted in November 2020, was previously explored for iron deposits by Magnetic Resources NL in 2010. Lithium brine projects are highly dependent on different variables like weather, flow rates to surface and the variability of grades in the brines. PUR Stock Overview Pursuit Minerals Limited engages in the exploration and development of mineral properties in Australia. Dow Jones, a News Corp News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Currently, RAS is focusing on its flagship project Lonely Mine Project. Lithium is recognised as a critical raw material by the USA, European Union, India, Japan and Australia because of its importance in the lithium-ion battery supply chain. Accordingly you should consider how appropriate the advice (if any) is Most of the drilling in the Rio Grande salar (salt lake) has been down to depths of ~100m. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. The Calingiri West tenement application also abuts Devex Resources (ASX: DEV) and covers part of their Sovereign Magnetic Complex as interpreted and is immediately adjacent to late-time airborne electromagnetic anomalies recently defined by Devex. NICKEL COPPER PLATINUM GROUP ELEMENTS PGE, 1,600% Gain Sparks Julimar Explorer Race - We Just Found the Cheapest. It focuses on advancing vanadium projects in the world-class mining jurisdictions of Finland and Sweden. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Low market cap relative to advanced peers. Win at Retirement Lithium is currently trading at all time-highs. Trading, Managed To view the entire thread just sign in or Join Now (FREE), Australia's largest stock tradingand investment forum. Barchart shows different data on the Profile page, depending on the symbol's asset type. Gas, Tax Pursuit Minerals Limited completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project. PUR is set to acquire the Warrior PGE-Nickel-Copper Project, nestled in the Western Gniess Terrane, sandwiched between CPN and CHN. Join thousands of other Investors following our stock commentary for Free, Interested in more investment opportunities? The Company's projects include Warrior PGE-Ni-Cu 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. The information in this website is general information only. The Combatant PGE-Ni-Cu Project lies approximately 270 km northeast from Geraldton and 210 km west of Meekatharra. Having identified the prospective mafic and ultramafic intrusions, electromagnetic surveys will be conducted over the source of the aeromagnetic anomalies to generate drilling targets. Sign Up for Take Stock A new 52-week high and massive share price volatility are driving some of the most-traded ASX shares today. Pursuit Minerals (ASX: PUR) is developing an advanced lithium brine project in Argentina. There is always a risk that market sentiment impacts PURs ability to raise capital. Pursuit Minerals Ltd 246-250 Railway Parade Suite 4 Leederville WA 6007 AUS. Hear our experts take on shares, the market & how to invest. to those objectives, financial situation and needs, before acting on the Fundamental company data and analyst estimates provided by FactSet. Investment news, stock ideas, and more, straight to your inbox. The Motley Fool Australia has no position in any of the stocks mentioned. May 1, 2023 | Simon Taylor BSc, Early stage CHN investors were well rewarded by this discovery, with the stock returning 1,600% since January. We want to see the company advance the feasibility studies for its project from where it is now (scoping study) to either a Definitive Feasibility or Bankable Feasibility study level. As they were exploring for iron, Magnetic Resources focused their exploration on outcrops of Banded Iron Formations (BIF) and high amplitude aeromagnetic anomalies, which could be due to BIFs. As you can see above, all of the companies in the Julimar area are capped at much higher valuations than PUR, with investors hoping for another CHN-like discovery. Email: [emailprotected] Given Chalices success, it isnt surprising to see that the area has become a hot spot for investors. DIRECTORS. Gonneville style PGE-Ni-Cu mineralisation is associated with mafic intrusions, which exhibit strong aeromagnetic anomalies. Bought CBA shares in June? This is a high risk, high reward investment. A stock's Profile page contains general information about the stock, such as Ticker Symbol, Exchange traded on, Company Contact Address/Phone, CEO/President, and Company Description. Source: FactSet. Prior drilling focused on copper and gold and did not assay for PGEs. There is currently extensive interest in the Julimar region. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. The score provides a forward-looking, one-year measure of credit PURs project sits inside an already established foreign resource estimate of 2.1mt lithium carbonate equivalent. These stronger EM conductors, Pursuit Minerals states, are associated with magnetic anomalies interpreted to be due to mafic or ultramafic intrusive rocks. Past performance is not a reliable indicator of our future investing performance. The Company's projects include Warrior PGE-Ni-Cu Project, Commando Gold Project, Gladiator Gold Project, and Combatant PGE-Ni-Cu-Au Project. Copyright 2023 Surperformance. When Might Pursuit Minerals Run Out Of Money? Follow-up electromagnetic surveys and soil geochemical sampling will be completed in order to define and prioritise drill targets. View PUR.AU financial statements in full. Fundamental data provided by Zacks and Morningstar. A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months. A big thank you to everyone who registered on Bullseye and gave it a go.
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