does not constitute personal advice and S3 has not taken into Pursuit Minerals Ltd. is a mineral exploration and project development company. advice is general advice only. With lithium brines responsible for almost half of the world's lithium production, PUR offers us exposure to a strong macro theme with a differentiated project style. Pursuit Minerals Limited (ASX:PUR) is a junior exploration company that is aiming to make a PGE-Nickel-Copper discovery in Western Australia. Bernd Struben, Just one year ago Australias official cash rate stood at 0.10%. Lithium is currently trading at all time-highs. Data supplied by Morningstar and accurate on Sep 19, Before we go too far, a word of caution is required. WebUpon exercise of the option, Pursuit will issue up to 20 million additional shares, capped at 9.9% of the issued and outstanding shares of PUR. account day-to-day movements in market value compared to a companys liability structure. 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. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Open menu Quick Company Search All Rights Reserved. Based on this timeline, PUR could very well see a re-rate ahead of drilling. Air core drilling commenced at its Warrior Project in WA. Base case = 50-100kt lithium carbonate equivalent. Its very early in PURs new project, but as always we may look to de-risk ~20% in the next 12 months in line with our trading policy, if the price materially re-rates on key milestones. Objective #3: Complete either a definitive feasibility or bankable feasibility study (DFS/BFS). Secure and increase the performance of your investments with our team of experts at your side. Once the company has all the data in hand, it intends to start drill testing the high priority in either the second or third quarter of this year. Who are the major shareholders and have insiders been buying or selling? We want to see PUR drill to depths of ~500m where mineralisation is interpreted to extend to. To receive ALL our alerts fill out your details below. Chalice backed Caspin in its IPO taking a 10 per cent stake. WebPursuit Minerals Limited Suite 4, 246-250 Railway Parade West Leederville WA 6007 Australia +61 8 6500 3271. We have taken a large position in this one, as we see near term upside in the coming months - and beyond: PUR has just announced it is set to acquire a 593km2 tenement package in the terrane, a mere 50km north east of CHNs monstrous discovery. Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. Caution: This is early stage exploration, with no guarantee of success. Prior exploration focused on bauxite and the bedrock geology is not well known. WebRagusa Minerals Ltd (RAS, formerly SIV Asset Management Limited) operate in the mineral exploration sector focusing on exploration for gold and associated minerals. Post acquisition PUR will have a fully diluted market cap of ~$31M, which is low compared to other lithium brine players Argosy Minerals ($828M). 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. 40 more messages in Short sellers are gunning forthese ASX shares. Our latest articles and strategies for the post-work life you want. The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Gonneville style PGE-Ni-Cu mineralisation is associated with mafic intrusions, which exhibit strong aeromagnetic anomalies. The Calingiri West tenement application, E70/5378), is located between the Julimar (Chalice Mines Limited) and Yarawindah (OZ Minerals Limited) Ni-Cu-PGE projects. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. PUR has a lot of work to do, but given its location, the size of its holding and its similarities to Chalice, we expect it could re-rate quite quickly on success. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). Prior work within the tenement application area focused on identifying porphyry Cu-Mo deposits, similar to Caravel, which resulted in the discovery of a 14km long Cu-Au geochemical anomaly, at the Ablett prospect, associated with greenstone rocks of the Western Yilgarn province. Navarre Minerals Limited is an Australia-based gold, silver and copper producer. PUR will interpret the available aeromagnetic data to define corridors of aeromagnetic anomalies prospective of PGE-Ni-Cu mineralization. Pursuit will pay $300,000 in cash and 40,000,000 fully paid ordinary shares for the Warrior Project (which will occur after the first two tenements are transferred to Pursuit and Ministerial consent is obtained). -, Pursuit Minerals Issues 3.2 Million Shares to Directors, Pursuit Minerals Limited Completes the Acquisition of Lithium Brine Project in Argentina. 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. PURs ground covers ~9,260 hectares inside and on the perimeter of the larger Rio Grande salar (salt lake) in Argentina which measures ~27,500 hectares. A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash Pursuit Minerals Ltd (ASX: PUR) shares have been placed in a trading halt pending a capital raise. 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. PUR is aiming to replicate Chalice Minings success. The ultimate aim of the drilling program will be to establish a maiden JORC resource estimate for its project. ONE, VUL all grown up BPM, LCL finding targets. WebMr. & Taxation. Pursuit Minerals Limited completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project. SMARTER, HAPPIER, AND RICHER. Our bull/base/bear case expectations for the maiden JORC resource is as follows: Bull case = >100kt lithium carbonate equivalent. NICKEL COPPER PLATINUM GROUP ELEMENTS PGE, 1,600% Gain Sparks Julimar Explorer Race - We Just Found the Cheapest. The Wubin tenement area contains widespread, but isolated, greenstone remnants. While nothing is a guarantee, there is scope here for a similar performance from PUR, especially as it is looking to fast track exploration leading into a drill program in March. We take a look at the ASX miners latest AEM results. Get expert stock analysis direct in your inbox. However, the geological structure appears to be quite complicated with significant folding and faulting of some of the narrower ultramafic units. The Wubin tenement (E70/5493), granted in November 2020, was previously explored for iron deposits by Magnetic Resources NL in 2010. Right-click on the chart to open the Interactive Chart menu. Mandrake Resources (ASX: MAN) - $30M market cap - planning to drill next month, Devex Resources (ASX: DEV) - $71M market cap - planning to drill next month, Caspin Resources (ASX: CPN) - $35M (just hit the boards this week). PURs Warrior project is also located just 50km north-east of Chalice minings discovery in the new minerals province known as the Julimar Complex. Phone: (03) 8592 4841 Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 173.5%. It explores projects including the Koitelainen project and Karhujupukka project Investment news, stock ideas, and more, straight to your inbox. Pursuit will also grant the vendors a 1% net smelter royalty on all minerals produced from the tenements and a milestone payment of $200,000 in cash on achieving WebAccess detailed premium company data for PUR - Pursuit Minerals Limited including Top 20 shareholders, Director Transactions and more. The Company's projects include Warrior PGE-Ni-Cu Project, Commando Gold Project, Gladiator Gold Project, and Combatant PGE-Ni-Cu-Au Project. Shareholder percentage totals can add to more than 100% because some holders are included in the free float. Past performance is not a reliable indicator of our future investing performance. 296877). Lithium mineralisation is interpreted to extend down to depths of ~500m in depth leaving plenty of exploration upside for PUR to chase. Mr Bob Affleck Managing Director Mr Mark Patient shareholders in the junior miner have enjoyed a highly profitable 12 months and a great start to 2021. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. PUR increases the size and scale of its lithium project to a level that warrants putting it into production. Earlier this year, Chalice Gold Mines Ltd (ASX: CHN) made a groundbreaking discovery that sent its share price soaring. Please seek your own independent professional advice before making any financial investment decision. The business operating segment includes; Australian Projects, Norway projects, Finnish projects and Swedish projects. Entrepreneur life goes like that - you win some and lose some. Australia's largest stock trading and investment forum, Algorithmic Given the valuations of PURs peers on the cusp of drilling, we are hoping that PUR grows to multiples of its current value and reach at least par with its peers in the lead up to its own maiden drilling program in 2021. Its projects include Mt Carlton, Stawell Corridor Gold, St Arnaud Gold, Jubilee Gold, Tandarra Gold and Barchart is committed to ensuring digital accessibility for individuals with disabilities. Analysts believe that now could be the time to add these shares to your portfolio May 1, 2023 | The Motley Fool has a disclosure policy. PURs Warrior project is also All rights reserved. About the company Risk Analysis About the Data. WebPURSUIT MINERALS LIMITED : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Australian Stock advice. to those objectives, financial situation and needs, before acting on the Pursuit Minerals (ASX:PUR) highlights REE mineralisation potential at Warrior, WA Pursuit Minerals (PUR) has highlighted the potential for rare earth element (REE) Jessica De Freitas 25 November 2022 15:42 (AEDT) 1.5K views 2 minute read ASX News Mining Pursuit Minerals (ASX:PUR) returns multiple high-grade gold sample PURs project sits in a region home to ~50% of global lithium supply, dubbed the lithium triangle of Argentina. advice. The West Margin of the Yilgarn Craton is highly prospective for Platinum Group Elements (PGE) and Ni-Cu mineralisation associated with intrusive mafic to ultramafic rocks. have bought more shares than they have sold in the past 3 months. The Gladiator Gold Project consists of four exploration licenses located approximately 10 km northwest of Laverton in Western Australia. A new 52-week high and massive share price volatility are driving some of the most-traded ASX shares today. These stronger EM conductors, Pursuit Minerals states, are associated with magnetic anomalies interpreted to be due to mafic or ultramafic intrusive rocks. PUR is well funded with ~$2.5M of cash to fund its Julimar Warrior Project exploration program and with an Enterprise Value (EV) of ~$8.7m, provides significant leverage to discovery. 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. James Mickleboro. Early stage CHN investors were well rewarded by this discovery, with the stock returning 1,600% since January. You can do it. I am going to take a deep dive into Pursuit Minerals Limiteds (ASX:PUR) most recent ownership structure, not a frequent subject of discussion among individual investors. Prior drilling focused on copper and gold and did not assay for PGEs. Previous aircore drilling on the Calingiri East tenement intersected up to 1420ppm Ni in mafic rocks and anomalous platinum and palladium has been intersected in RC drilling on the Wubin tenement, both of which further confirm the prospectivity of the Warrior Project for PGE-Ni-Cu mineralization. Hear our experts take on shares, the market & how to invest. HSBC CUSTODY NOMINEES LIMITED: 156,251,137: 10.04%: 2: 2. Kingsgate conducted further follow-up drilling with 53 aircore holes. Especially Dr Daniel Tillet and the RAC fan club!If you registered on Bullseye, your user account details and personal data will be deleted as they are no longer required. Due to the highly prospective nature of the five identified anomalies, the company has significantly extended the survey block. Since CHNs discovery, the company has taken up most of the ground in the province, leaving limited options for other companies to take a position. PUR pursuit minerals ltd Ann: Top 20 Shareholders ASX News 851 23/08/17 18:27 Post #: 26703681 Share Release Date: 23/08/17 18:07 Summary: Top 20 The Bindi Bindi tenement application, E70/5392, covers part of the Bindi Bindi Intrusive Complex which manifests as scattered outcrops of weakly magnetic ultramafic rocks which have been intruded by negatively magnetised younger dolerite dykes. We disclose the securities held in relation to a particular company that we provide commentary on. The information contained in this article is general information and is for informational purposes only. As of today, there is a new contender in the province. advice is general advice only. Any Mandrakes shares doubled in the last month based on its work, while Devex has also traded strongly with its shares surging 50% in the last three weeks. Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. Join thousands of other Investors following our stock commentary for Free, Interested in more investment opportunities?
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