The area also remains prospective for Boddington-style porphyry gold and/or copper mineralisation. Any advice contained on this Website PUR is set to acquire the Warrior PGE-Nickel-Copper Project, nestled in the Western Gniess Terrane, sandwiched between CPN and CHN. Gonneville style PGE-Ni-Cu mineralisation is associated with mafic intrusions, which exhibit strong aeromagnetic anomalies. PURs project is located inside the South American lithium triangle, a region home to ~ 50% of the world's lithium production and lithium majors like SQM and Albemarle. Should Pursuits Exploration Licence Applications (ELAs) be approved, its landholding will be four times that of the ELA comprising Mandrakes Jimperding Project. Bernd Struben, Just one year ago Australias official cash rate stood at 0.10%. Delayed Australian Stock Exchange NICKEL COPPER PLATINUM GROUP ELEMENTS PGE, 1,600% Gain Sparks Julimar Explorer Race - We Just Found the Cheapest. The ultimate aim of the drilling program will be to establish a maiden JORC resource estimate for its project. Top 20 Shareholders. The Company discovers, develops and operates gold projects within Australias premier gold districts in Victoria and Queensland. 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. HSBC CUSTODY NOMINEES LIMITED: 156,251,137: 10.04%: 2: 2. Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. 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 Given Chalices success, it isnt surprising to see that the area has become a hot spot for investors. Pursuit Minerals Ltd. is a mineral exploration and project development company. Having identified the prospective mafic and ultramafic intrusions, electromagnetic surveys will be conducted over the source of the aeromagnetic anomalies to generate drilling targets. Should you wish to stay in touch and follow the journey, follow me onLinked In or Twitter.To your investing success!Catch you 'round like a rissole.Kurt. The Pursuit Minerals (ASX:PUR) share price is off to the races today, up 35%. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The information in this website is general information only. 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. WebPursuit Minerals Ltd is an Australian mineral exploration and project development company. TO MAKE THE WORLD The company has completed a placement to raise $200,000 through the issue of shares at $0.009 each (the same price as the Companys recent placement and rights issue). Youre viewing a single post only. Objective #3: Complete either a definitive feasibility or bankable feasibility study (DFS/BFS). representative of LeMessurier Securities Pty Ltd (AFSL No. CHN is up over 1,600% since January, and is currently capped at $1.2BN - one of the top performing companies on the ASX this year. Currently, RAS is focusing on its flagship project Lonely Mine Project. advice. & Taxation. Copyright FactSet Research Systems Inc. All rights reserved. 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. The result of this discovery has led to a field of ASX explorers taking up some ground, hoping to make their own. 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. This article contains general investment advice only (under AFSL 400691). Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 173.5%. However, the geological structure appears to be quite complicated with significant folding and faulting of some of the narrower ultramafic units. We want to see PUR drill to depths of ~500m where mineralisation is interpreted to extend to. The Wubin tenement (E70/5493), granted in November 2020, was previously explored for iron deposits by Magnetic Resources NL in 2010. There is always a risk that PURs project doesn't meet the levels required for its project to be operated commercially. Fundamental company data and analyst estimates provided by FactSet. balance sheet and inputs from the stock market. How do Fund Managers Invest in Small Cap Stocks? Join thousands of other Investors following our stock commentary for Free, Interested in more investment opportunities? ONE, VUL all grown up BPM, LCL finding targets. 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. Lithium is currently trading at all time-highs. PUR will interpret the available aeromagnetic data to define corridors of aeromagnetic anomalies prospective of PGE-Ni-Cu mineralization. Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. Join Our Premium Community The soaring share price comes following the companys announcement of promising airborne electromagnet (AEM) data from its Calingiri East exploration licence on the Warrior PGE-Ni-Cu project in Western Australia. 296877). 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. Pursuit has put together a formidable geological and geophysical team, appointing Mathew Perrot as Exploration Geologist to be assisted by Ian Lowie as Operations Manager and Barry Bourne as Project Geophysicist. All rights reserved. James Mickleboro. WebPursuit Minerals Limited (ASX:PUR) is a mineral exploration and project development company focused on PGE-Ni-Cu, Gold and nickel projects in the Australia, a world-class Please seek your own independent professional advice before making any financial investment decision. It focuses on advancing vanadium projects in the world-class mining WebMr. Following transfer of all tenements, an additional 10,000,000 shares will be issued to the vendor. 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. The final data is expected by the middle of April. Listen to Our Podcast Caution: This is early stage exploration, with no guarantee of success. What did our investments do this week? SMARTER, HAPPIER, AND RICHER. advice. PUR has a tiny market cap, and this is early stage exploration. Rank Top 20 Investors Number of Shares % Issued Capital; 1: 1. Right-click on the chart to open the Interactive Chart menu. have bought more shares than they have sold in the past 3 months. Substantial Shareholders No Substantial Shareholders for Stocks: 15 20 minute delay (Cboe BZX is real-time), ET. WebPursuit Minerals Ltd. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. All Rights Reserved. The information contained in this article is current as at the publication date. DIRECTORS. We take a look at the ASX miners latest AEM results. Our friendly customer service team will happily get back to you as soon as they can. PUR - Now a $31M advanced stage lithium stock, Why we invest in Oil & Gas and Precious Metals. These stronger EM conductors, Pursuit Minerals states, are associated with magnetic anomalies interpreted to be due to mafic or ultramafic intrusive rocks. There is always a risk that market sentiment impacts PURs ability to raise capital. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. With todays intraday moves taken into account, Pursuit Minerals shares are up 150% year to date. The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. Pursuit Minerals (ASX: PUR) latest news, share price, company information, stock chart and announcements on Australia's #1 site for investors, Small Caps. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. An ETF Profile page also shows general information about the fund, but also adds information such as a link to the Fund Family. The Calingiri West tenement application, E70/5378), is located between the Julimar (Chalice Mines Limited) and Yarawindah (OZ Minerals Limited) Ni-Cu-PGE projects. the Underlying Index. Follow-up electromagnetic surveys and soil geochemical sampling will be completed in order to define and prioritise drill targets. 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. 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. To receive ALL our alerts fill out your details below. By exercising the option, Pursuit will vest a 100% interest in each project, with EMX retaining a 3% NSR royalty, 1% of which may be purchased by Pursuit under certain conditions. 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 score provides a forward-looking, one-year measure of credit Due to the highly prospective nature of the five identified anomalies, the company has significantly extended the survey block. Australia's largest stock trading and investment forum, Algorithmic However, half of the drill holes intercepted mafic rocks, anomalous in Au, Cu, As and W, which is a positive indication as mafic rocks are associated with PGE-Ni-Cu mineralisation at Gonneville. Target our investor community with our suite of Hotcopper Advertising opportunities. Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. Pursuit Minerals chases high-grade gold project in Arizona Pursuit Minerals ( ASX: PUR) signed an exclusive option to acquire the Buck Mountain Gold Project, a gold-silver-platinum group metals (PGMs) project in Arizona, USA. Mr Bob Affleck Managing Director Mr Mark Looking at the acquisition terms, we think they are very reasonable for PUR shareholders. 2023 Barchart.com, Inc. All Rights Reserved. Funds, Oil & Fundamental data provided by Zacks and Morningstar. WebPursuit Minerals Limited (ASX:PUR) is a junior exploration company that is aiming to make a PGE-Nickel-Copper discovery in Western Australia. Even though the forum has been shut down, we have learned a great deal about the industry, from the inside out. 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. WebSummit Minerals Limited (SUM) is an Australian-focused ASX-listed battery mineral exploration company with a portfolio of projects in demand-driven commodities. To make the world Smarter, Happier, And Richer. When Might Pursuit Minerals Run Out Of Money? Gabbro, dolerite and ultramafic rock types have been mapped and logged in drilling results, indicating that the tenement application area does contain the correct rocks to host PGE-Ni-Cu mineralisation. Pursuit Minerals Limited completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project. Pursuit Minerals (ASX: PUR) is developing an advanced lithium brine project in Argentina. Inception Date, First Trade Date, and Leverage. We respectfully acknowledge the Traditional Custodians of the land where we live and work and pay our respects to all Elders, past and present, of all Aboriginal and Torres Strait Islander nations. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The Motley Fool Australia has no position in any of the stocks mentioned. Email: [emailprotected] Sign Up for Take Stock Learn about investing with our Investing Education hub. It focuses on advancing vanadium projects in the world-class mining jurisdictions of Finland and Sweden. Any Join our flagship membership service, Share Advisor. Past performance is not a reliable indicator of our future investing performance. 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). By clicking this button, you agree to our. Those are comprised of palladium (Pd), iridium (Ir), osmium (Os), rhodium (Rh) and ruthenium (Ru).). Recent Insider Transactions Insider Trading Volume Insider Buying: 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. There is always a risk that the market interest for lithium decreases and in turn appetite to invest in companies like PUR decreases. Located inside Argentinas lithium triangle. a measure of one basis point change in the futures price. You can see how close the Warrior Project is to Chalice on the map below: The Warrior PGE-Nickel-Copper Project covers a series of prominent magnetic anomalies whose magnetic response is similar to the mafic and ultramafic Gonneville intrusion, which has the potential to be the most important deposit of palladium in Australia. 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.
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