We participated in the $2M PUR cap raise (December 2022). Our friendly customer service team will happily get back to you as soon as they can. Lithium brine projects are highly dependent on different variables like weather, flow rates to surface and the variability of grades in the brines. Bullseye is being shut down. The project includes well defined magnetic anomalies ready for geophysical surveys to define drill targets. 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. NICKEL COPPER PLATINUM GROUP ELEMENTS PGE, 1,600% Gain Sparks Julimar Explorer Race - We Just Found the Cheapest. About the Data. Pursuit Minerals Limited completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project. [[ data.eventTime | date: 'EEE, MMM dd, yyyy h:mm a' ]] [[ zone ]]. 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. The views of the author may not reflect the views of the AFSL holder. Past performance is not necessarily indicative of future returns. 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. Investment news, stock ideas, and more, straight to your inbox. Its projects include Mt Carlton, Stawell Corridor Gold, St Arnaud Gold, Jubilee Gold, Tandarra Gold and All rights reserved. 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). does not constitute personal advice and S3 has not taken into Having identified the prospective mafic and ultramafic intrusions, electromagnetic surveys will be conducted over the source of the aeromagnetic anomalies to generate drilling targets. 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. These ASX shares are having a tough start to the week. 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. S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. 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). The Company discovers, develops and operates gold projects within Australias premier gold districts in Victoria and Queensland. No hard feelings, it has been a fun and interesting ride.The goal was to build a better investing forum that educates and helps investors by promoting great content from great minds. Tristan Harrison. Funds, Oil & WebMr. The four tenements that make up the Warrior PGE-Nickel-Copper Project are: The first tenement, Calingiri West (E70/5379) is located 10km south of the >600 Million tonne Caravel Cu-Mo project. The Pursuite Minerals share price is surging today after the company reported its preliminary AEM survey had detected five strong electromagnetic (EM) conductors. Lithium is currently trading at all time-highs. Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. Shareholder percentage totals can add to more than 100% because some holders are included in the free float. 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 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. WebASX:PUR - Investor presentation, announcements, cashflow waterfall chart, news, capital raise history, & sector peers. WebPursuit Minerals Limited (former Burrabulla Corporation Limited, ASX: BUA) is a mineral exploration and project development company advancing copper, zinc and vanadium projects in world-class metals provinces.
With zinc projects in the heart of the Mt Isa Super Basin, Pursuit Minerals is uniquely placed to deliver value as it seeks to discover The Profile page gives you general information about a symbol, whether it's about the company or the contract. 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. Hear our experts take on shares, the market & how to invest. ONE, VUL all grown up BPM, LCL finding targets. All Rights Reserved. It's not possible to publish a real-time Top 20 Shareholder list. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. To receive ALL our alerts fill out your details below. 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. Any Before we go too far, a word of caution is required. There is always a risk that market sentiment impacts PURs ability to raise capital. 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. The Company's projects include Warrior PGE-Ni-Cu The Wubin tenement (E70/5493), granted in November 2020, was previously explored for iron deposits by Magnetic Resources NL in 2010. Caspin commenced trading last Wednesday and closed at more than double the IPO price: the company is now trading at a premium of more than 200% to the IPO price. 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. The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. Fundamental company data and analyst estimates provided by FactSet. In this article, we will explain why we have invested in PUR now and the upside we see. 296877). It is becoming increasingly apparent that the prospective mafic rocks discovered to date are far more widespread than previously thought. Patient shareholders in the junior miner have enjoyed a highly profitable 12 months and a great start to 2021. Devex and Mandrake are at pre-drilling stage and on balance, one would expect Pursuits valuation could be at least in line with that of Mandrakes $30M or perhaps Devexs $74M longer-term. The Motley Fool has a disclosure policy. This does not mean PUR will be able to define a resource of its own, there is always a chance that the ground PUR holds is considered uneconomic and no resource estimate is produced. WebPursuit Minerals Ltd. annual balance sheet for PUR.AU company financials. Its ground sits just 50km from CHNs PGE-nickel-copper discovery at Julimar. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. the Underlying Index. WebSummit Minerals Limited (SUM) is an Australian-focused ASX-listed battery mineral exploration company with a portfolio of projects in demand-driven commodities. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. The business operating segment includes; Australian Projects, Norway projects, Finnish projects and Swedish projects. 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. Any Win at Retirement Pursuit Minerals Limited completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project. PURs project sits in a region home to ~50% of global lithium supply, dubbed the lithium triangle of Argentina. Here are the companies currently in the region including Chalice. Navarre Minerals Limited is an Australia-based gold, silver and copper producer. Shareholding changes less than 1% do not require notification to the market. We take a look at the ASX miners latest AEM results. Listen to Our Podcast 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. Caspin Resources (ASX:CPN), is a spin off from Cassini Resources (ASX: CZI) and has two West Australian gold and nickel projects. WebGet the latest Pursuit Minerals Ltd (PUR) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment Over the past year, the Pursuit Minerals share price is up 400%. Any advice contained on this Website Pursuit Minerals Ltd. is a mineral exploration and project development company. WebPURSUIT MINERALS LIMITED : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Australian Stock Short sellers are gunning forthese ASX shares. 1832 Asset Management L.P. is currently the largest shareholder, with 10.0% of shares outstanding. A big thank you to everyone who registered on Bullseye and gave it a go. There is always a risk that the market interest for lithium decreases and in turn appetite to invest in companies like PUR decreases. Even though the forum has been shut down, we have learned a great deal about the industry, from the inside out. As noted earlier, Devex Resources Limited (ASX: DEV) and Mandrake Resources Ltd (ASX: MAN) have made very successful forays into the area. 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. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. It explores projects including the Koitelainen project and Karhujupukka project located in Finland, Central Sweden projects and the Airijoki project located in Sweden. The aeromagnetic data covering the Calingiri West tenement application exhibits a thin belt of north-south trending aeromagnetic anomalies which are interpreted as being due to prospective meta-greenstone belts and intrusive mafic/ultramafic rocks. this thread Last trade - 15.51pm 01/05/2023 (20 minute delay). Looking at the acquisition terms, we think they are very reasonable for PUR shareholders. advice. Pursuit Minerals Ltd (ASX:PUR) has entered into an agreement to acquire 100% of the issued capital in Trilogy Minerals Pty Ltd, an Argentina-focused lithium company, which holds the rights to more than 9,233 hectares at the Rio Grande Sur Project in the Lithium Triangle of South America. 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. The Pursuit Minerals (ASX:PUR) share price is off to the races today, up 35%. in the past year, with total shares outstanding growing by 173.5%. Objective #3: Complete either a definitive feasibility or bankable feasibility study (DFS/BFS). This years discovery of the nickel-copper-palladium mineralisation on the Julimar Project by Chalice is the first significant find in the region which previously had only early stage indications of mineralisation at Yarawindah and Bindi-Bindi. WebPursuit Minerals Limited and Consolidated Entities 1 DIRECTORS Peter Wall Non-Executive Chairman Jeremy Read Managing Director Matthew OKane Non-Executive Director SECRETARY Stephen Kelly REGISTERED AND BUSINESS OFFICE Level 14 167 Eagle Street Brisbane QLD 4000 Telephone: +61 7 3854 2388 WEBSITE & EMAIL The information in this website is general information only. Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. Earlier this year, Chalice Gold Mines Ltd (ASX: CHN) made a groundbreaking discovery that sent its share price soaring. Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. These stronger EM conductors, Pursuit Minerals states, are associated with magnetic anomalies interpreted to be due to mafic or ultramafic intrusive rocks. We are continuously working to improve our web experience, and encourage users to. WebPursuit Minerals Ltd is an Australian mineral exploration and project development company. Trading, Managed Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article. Due to the highly prospective nature of the five identified anomalies, the company has significantly extended the survey block. With todays intraday moves taken into account, Pursuit Minerals shares are up 150% year to date. Mr Bob Affleck Managing Director Mr Mark Pursuit Minerals Limited (ASX:PUR) is a junior exploration company that is aiming to make a PGE-Nickel-Copper discovery in Western Australia. Barchart is committed to ensuring digital accessibility for individuals with disabilities. So, what can ASX 200 investors. 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. 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. Learn about investing with our Investing Education hub. -, Pursuit Minerals Issues 3.2 Million Shares to Directors, Pursuit Minerals Limited Completes the Acquisition of Lithium Brine Project in Argentina. & Taxation. have bought more shares than they have sold in the past 3 months. Now its 3.60%. Most of the drilling in the Rio Grande salar (salt lake) has been down to depths of ~100m. Based on this timeline, PUR could very well see a re-rate ahead of drilling. Copyright FactSet Research Systems Inc. All rights reserved. Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. Individual aeromagnetic anomalies within this north-south linear belt are prospective for PGE-Ni-Cu mineralisation and will be the focus of initial exploration. 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. Inception Date, First Trade Date, and Leverage. 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. Outcrops of ultramafic rocks mapped by the Geological Survey of Western Australia, 11km to the NNW of Bindi Bindi, are likely to be the northern continuation of the Bindi Bindi ultramafic, giving further credibility to the interpretation that the prospective Bindi Bini intrusion is much larger than currently known. 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. consideration your personal objectives, financial situation or needs. Secure and increase the performance of your investments with our team of experts at your side. Our latest articles and strategies for the post-work life you want. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. Accordingly you should consider how appropriate the advice (if any) is Bernd Struben, Just one year ago Australias official cash rate stood at 0.10%. 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. How do Fund Managers Invest in Small Cap Stocks? Pursuit Minerals Ltd (ASX: PUR) shares are off to the races today, up more than 35% to 5 cents in afternoon trading. 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. That compares to a 3% loss on the All Ordinaries Index (ASX: XAO). SMARTER, HAPPIER, AND RICHER. The Gladiator Gold Project consists of four exploration licenses located approximately 10 km northwest of Laverton in Western Australia. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Learn More. PUR is set to acquire the Warrior PGE-Nickel-Copper Project, nestled in the Western Gniess Terrane, sandwiched between CPN and CHN. S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised 40 more messages in Updated daily, it takes into The information contained in this article is current as at the publication date. The Gladiator Gold Project consists of four exploration licenses located approximately 10 km northwest of Laverton in Western Australia. PUR has a tiny market cap, and this is early stage exploration. WebAccess detailed premium company data for PUR - Pursuit Minerals Limited including Top 20 shareholders, Director Transactions and more. PUR is aiming to replicate Chalice Minings success. WebPursuit Minerals Limited (ASX:PUR) is a junior exploration company that is aiming to make a PGE-Nickel-Copper discovery in Western Australia. I took on HotCopper and Lost. Kingsgate conducted further follow-up drilling with 53 aircore holes. Sign Up for Take Stock Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list. Accordingly you should consider how appropriate the advice (if any) is 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. Base case = 50-100kt lithium carbonate equivalent. does not constitute personal advice and S3 has not taken into Early stage CHN investors were well rewarded by this discovery, with the stock returning 1,600% since January. The Calingiri West tenement application, E70/5378), is located between the Julimar (Chalice Mines Limited) and Yarawindah (OZ Minerals Limited) Ni-Cu-PGE projects. Target our investor community with our suite of Hotcopper Advertising opportunities. PURs project sits inside an already established foreign resource estimate of 2.1mt lithium carbonate equivalent. Thats where it will really start to get interesting for PUR investors. Next Investors invests in companies and shares updates, and commentary on their business execution and progress. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Known as the Julimar Complex, Chalices discovery was Australias first major palladium discovery, in an entirely new minerals province. This is a high risk, high reward investment. To view the entire thread just sign in or Join Now (FREE), Australia's largest stock tradingand investment forum. View PUR.AU financial statements in full. PUR increases the size and scale of its lithium project to a level that warrants putting it into production. to those objectives, financial situation and needs, before acting on the We especially like PURs current valuation right now compared to other Julimar explorers who are closer to drilling, and are capped at multiples of PUR. Low market cap relative to advanced peers. PUR drilling again. The target ultramafic-mafic intrusions exhibit strong anomalies in regional aeromagnetic data, which will allow exploration for PGE-Ni-Cu to be quickly focused on the prospective mafic and ultramafic rocks. advice is general advice only. Managing a market crash - lessons from March 2020. 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. WebTop 20 Shareholders About the Data Show All Shareholder Distribution As reported in the most recent Annual Report. As of today, there is a new contender in the province. 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. Do Not Sell or Share My Personal Information. Plus500. 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). Email: [emailprotected] The Combatant PGE-Ni-Cu Project lies approximately 270 km northeast from Geraldton and 210 km west of Meekatharra. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. 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). Over the past PURs ground sits inside an area where another company has already defined a foreign resource of 2.1mt lithium carbonate equivalent. Gas, Tax Air core drilling commenced at its Warrior Project in WA. Right-click on the chart to open the Interactive Chart menu. Gonneville style PGE-Ni-Cu mineralisation is associated with mafic intrusions, which exhibit strong aeromagnetic anomalies. Bernd Struben earned his economics degree in the US. 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. The Company has been engaged by PUR to share our commentary on the progress of our Investment in PUR over time. Pursuit Minerals share price snapshot Patient shareholders in the junior miner have enjoyed a highly profitable 12 months and a great start to 2021. He moved to Australia in 2010, where he transitioned to analysing the Aussie equity markets. What did our investments do this week? To receive ALL our alerts fill out your details below. Join thousands of other Investors following our stock commentary for Free, Interested in more investment opportunities? With the acquisition will come four highly prospective land positions (a mix of exploration licences and exploration licence applications), totalling 593 square kilometres. 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. Pursuit Minerals Ltd is an Australian mineral exploration and project development company. These batteries are required to power electric vehicles (EVs) AND to store energy for managing the ongoing global energy crisis. Earlier during intraday trade, the Pursuit Minerals share price rallied by as much as 70% to 6.4 cents before retreating. Top 20 Shareholders. Moodys Daily Credit Risk Score is a 1-10 score of a companys credit risk, based on an analysis of the firms There is currently extensive interest in the Julimar region. Bought CBA shares in June? 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. Fundamental data provided by Zacks and Morningstar.

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