Accordingly you should consider how appropriate the advice (if any) is The business operating segment includes; Australian Projects, Norway projects, Finnish projects and Swedish projects. 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. Looking at the map above, PURs Calingiri West (E 70/5378) tenement goes close to abutting Chalices Gonneville PGE-nickel-copper-cobalt discovery while Calingiri East (E 70/5379) is also in close proximity. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. 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. All rights reserved. The ultimate aim of the drilling program will be to establish a maiden JORC resource estimate for its project. 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. Navarre Minerals Limited is an Australia-based gold, silver and copper producer. & Taxation. a measure of one basis point change in the options price. Our friendly customer service team will happily get back to you as soon as they can. These batteries are required to power electric vehicles (EVs) AND to store energy for managing the ongoing global energy crisis. Pursuit Minerals Limited completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project. MINERAL RESOURCES LIMITED: 126,313,746: 8.11% Should Pursuits Exploration Licence Applications (ELAs) be approved, its landholding will be four times that of the ELA comprising Mandrakes Jimperding Project. There is always a risk that PURs project doesn't meet the levels required for its project to be operated commercially. Pursuit Minerals Ltd is an Australian mineral exploration and project development company. 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. consideration your personal objectives, financial situation or needs. As noted earlier, Devex Resources Limited (ASX: DEV) and Mandrake Resources Ltd (ASX: MAN) have made very successful forays into the area. The Commando Gold Project is 38 km north from Kalgoorlie Project. We want to see PUR drill to depths of ~500m where mineralisation is interpreted to extend to. 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. 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. The Company discovers, develops and operates gold projects within Australias premier gold districts in Victoria and Queensland. WebPursuit Minerals Ltd. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. WebPursuit Minerals Ltd. annual balance sheet for PUR.AU company financials. Looking at the acquisition terms, we think they are very reasonable for PUR shareholders. 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. Pursuit Minerals Ltd (ASX: PUR) shares have been placed in a trading halt pending a capital raise. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. WebPursuit Minerals Limited Suite 4, 246-250 Railway Parade West Leederville WA 6007 Australia +61 8 6500 3271. Email: [emailprotected] Those persons acting upon information contained in this article do so entirely at their own risk. 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. this thread Last trade - 15.51pm 01/05/2023 (20 minute delay). 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. Data supplied by Morningstar and accurate on Sep 19, WebPursuit Minerals Ownership Who are the major shareholders and have insiders been buying or selling? Join Our Premium Community PURs ground sits inside an area where another company has already defined a foreign resource of 2.1mt lithium carbonate equivalent. PUR Stock Overview Pursuit Minerals Limited engages in the exploration and development of mineral properties in Australia. The Wubin tenement (E70/5493), granted in November 2020, was previously explored for iron deposits by Magnetic Resources NL in 2010. 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. Moodys Daily Credit Risk Score is a 1-10 score of a companys credit risk, based on an analysis of the firms 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. Caution: This is early stage exploration, with no guarantee of success. Since then, investors have been scouring the market for opportunities to leverage off the discovery of what is an entirely new province, the Western Gneiss Terrane of the famous Yilgarn Craton in WA, which includes CHNs Julimar discovery. The discovery is shaping up to be a major deposit of critical metals for a clean energy future and includes palladium, nickel and copper. Pursuit Minerals Ltd. is a mineral exploration and project development company. So, what can ASX 200 investors. 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. 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. Its ground sits just 50km from CHNs PGE-nickel-copper discovery at Julimar. 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 Fundamental company data and analyst estimates provided by FactSet. Any advice is general advice only. 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. Inception Date, First Trade Date, and Leverage. Simon Taylor BSc, It is becoming increasingly apparent that the prospective mafic rocks discovered to date are far more widespread than previously thought. Dominion Mining previously collected over 3,389 auger geochemical samples and drilled 41 aircore holes totalling 1,384m of aircore drilling. The Calingiri West tenement application, E70/5378), is located between the Julimar (Chalice Mines Limited) and Yarawindah (OZ Minerals Limited) Ni-Cu-PGE projects. Its projects include Mt Carlton, Stawell Corridor Gold, St Arnaud Gold, Jubilee Gold, Tandarra Gold and There is currently extensive interest in the Julimar region. James Mickleboro. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. Stocks: 15 20 minute delay (Cboe BZX is real-time), ET. PUR drilling again. Lithium is currently trading at all time-highs. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Post acquisition PUR will have a fully diluted market cap of ~$31M, which is low compared to other lithium brine players Argosy Minerals ($828M). Youre viewing a single post only. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. We have been holding a position in PUR for over 2 years now, and after a failed attempt at drilling in the Julimar province we are happy with this new advanced lithium acquisition (pending DD and shareholder approval expected in January 2023). To receive ALL our alerts fill out your details below. Caspin Resources (ASX:CPN), is a spin off from Cassini Resources (ASX: CZI) and has two West Australian gold and nickel projects. 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. Trading, Managed 296877). Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list. advice is general advice only. It's not possible to publish a real-time Top 20 Shareholder list. Pursuit Minerals Ltd (ASX: PUR) shares are off to the races today, up more than 35% to 5 cents in afternoon trading. Following transfer of all tenements, an additional 10,000,000 shares will be issued to the vendor. the Underlying Index. 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. Magnetic Resources Limited only completed limited surface sampling and drilling. Base case = 50-100kt lithium carbonate equivalent. A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 173.5%. -, Pursuit Minerals Issues 3.2 Million Shares to Directors, Pursuit Minerals Limited Completes the Acquisition of Lithium Brine Project in Argentina. account day-to-day movements in market value compared to a companys liability structure. advice. Learn about investing with our Investing Education hub. Past performance is not a reliable indicator of our future investing performance. The area also remains prospective for Boddington-style porphyry gold and/or copper mineralisation. 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. PURs project sits in a region home to ~50% of global lithium supply, dubbed the lithium triangle of Argentina. 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. Any advice contained on this Website 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. Barchart shows different data on the Profile page, depending on the symbol's asset type. 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 Bear case = <50kt lithium carbonate equivalent. ONE, VUL all grown up BPM, LCL finding targets. Kingsgate conducted further follow-up drilling with 53 aircore holes. Short sellers are gunning forthese ASX shares. A big thank you to everyone who registered on Bullseye and gave it a go. WebMr. With the acquisition will come four highly prospective land positions (a mix of exploration licences and exploration licence applications), totalling 593 square kilometres. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. Currently, RAS is focusing on its flagship project Lonely Mine Project. This is a high risk, high reward investment. 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. Next Investors invests in companies and shares updates, and commentary on their business execution and progress. 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. [[ data.eventTime | date: 'EEE, MMM dd, yyyy h:mm a' ]] [[ zone ]]. Mandrakes Jimperding Project lies approximately 30 kilometres east of Chalice. Secure and increase the performance of your investments with our team of experts at your side. International stock quotes are delayed as per exchange requirements. Pursuit Minerals Ltd is an Australian mineral exploration and project development company. Secure and increase the performance of your investments with our team of experts at your side. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. WebPursuit Minerals Limited (ASX:PUR) is a junior exploration company that is aiming to make a PGE-Nickel-Copper discovery in Western Australia. 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. Now its 3.60%. These same anomalies are known to host the PGE-Ni-Cu mineralisation at the Chalice Mining Ltd (ASX: CHN) Julimar Project. Given the company is yet to commence producing any cashflows the need to raise capital may weigh on the companys share price. Entrepreneur life goes like that - you win some and lose some. PUR is aiming to replicate Chalice Minings success. Do Not Sell or Share My Personal Information. Chalice backed Caspin in its IPO taking a 10 per cent stake. All Rights Reserved. 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 Given the current low market cap, we intend to hold stock into drilling and ideally lighten our position (at multiples of current share price) in the lead up to drilling. 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. 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. When Might Pursuit Minerals Run Out Of Money? representative of LeMessurier Securities Pty Ltd (AFSL No. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. The Combatant PGE-Ni-Cu Project lies approximately 270 km northeast from Geraldton and 210 km west of Meekatharra. NICKEL COPPER PLATINUM GROUP ELEMENTS PGE, 1,600% Gain Sparks Julimar Explorer Race - We Just Found the Cheapest. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Patient shareholders in the junior miner have enjoyed a highly profitable 12 months and a great start to 2021. The views of the author may not reflect the views of the AFSL holder. PUR increases the size and scale of its lithium project to a level that warrants putting it into production. 86% of retail CFD accounts lose money, EQS-News: Pursuit Minerals Ltd sees path to production with new lithium project, Registration on or use of this site constitutes acceptance of our. Gas, Tax 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. The company has a number of unexplored magnetic and gravity anomalies, however it is yet to really test what's beneath the surface. Even though the forum has been shut down, we have learned a great deal about the industry, from the inside out. Project sits inside an already giant resource. An ETF Profile page also shows general information about the fund, but also adds information such as a link to the Fund Family. Sebastian Bowen. With todays intraday moves taken into account, Pursuit Minerals shares are up 150% year to date. He employs a combination of macro economics and company specific data to gauge what he believes are tomorrow's best investments. 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. 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. The Company's projects include Warrior PGE-Ni-Cu Project, Commando Gold Project, Gladiator Gold Project, and Combatant PGE-Ni-Cu-Au Project. WebThe Company was incorporated in Canada on 17/12/1985.The Company is the parent company in a group comprising the Company, and its wholly owned subsidiaries, Calliope Metals (Holdings) Ltd (incorporated in Canada) and Calliope Metals Pty Ltd (incorporated in Australia).The Company listed on ASX on 04/06/1997.Name changed to Argosy 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). Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. The information contained in this article is current as at the publication date. Substantial Shareholders No Substantial Shareholders for I'm taking the "L" and moving on. It explores projects including the Koitelainen project and Karhujupukka project located in Finland, Central Sweden projects and the Airijoki project located in Sweden. These ASX shares are having a tough start to the week. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Phone: (03) 8592 4841 Please remember that investments can go up and down. May 1, 2023 | We are hoping this re-rates the company to a market cap of >$1bn (similar to what peer company Argosy achieved). Early stage CHN investors were well rewarded by this discovery, with the stock returning 1,600% since January. A merger would be subject to both a net-benefit review and a national-security review by the federal government, and some observers have pointed out Glencores pursuit of the Canadian company comes at the same time that the government has committed to a national critical minerals strategy as part of its overall climate plan. Get Started Investing S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised The Motley Fool Australia has no position in any of the stocks mentioned. 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 PUR is set to acquire the Warrior PGE-Nickel-Copper Project, nestled in the Western Gniess Terrane, sandwiched between CPN and CHN. The Company's projects include Warrior PGE-Ni-Cu Project, Commando Gold Project, Gladiator Gold Project, and Combatant PGE-Ni-Cu-Au Project. Copyright FactSet Research Systems Inc. All rights reserved. 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. Get expert stock analysis direct in your inbox. Earlier during intraday trade, the Pursuit Minerals share price rallied by as much as 70% to 6.4 cents before retreating. Follow-up electromagnetic surveys and soil geochemical sampling will be completed in order to define and prioritise drill targets. The information in this website is general information only. Following several years writing about the tourism industry in the Caribbean, he moved to The Netherlands to cover the EU's booming commercial real estate markets. does not constitute personal advice and S3 has not taken into Volume reflects consolidated markets. Thats where it will really start to get interesting for PUR investors. Any 2000 - 2023 HotCopper. The Company has been engaged by PUR to share our commentary on the progress of our Investment in PUR over time. Over the past We like the current valuation of $10M market cap and having recently raised $2M the company appears reasonably funded going into exploration and drilling. Analysts believe that now could be the time to add these shares to your portfolio May 1, 2023 | Funds, Oil & We want to see the company build and operate a pilot plant to show that it can produce lithium carbonate from its project efficiently. Most of the drilling in the Rio Grande salar (salt lake) has been down to depths of ~100m. Prior drilling focused on copper and gold and did not assay for PGEs. The Company's projects include Warrior PGE-Ni-Cu Shareholding changes less than 1% do not require notification to the market. The Warrior PGE-Ni-Cu Project is located approximately 20-50 kilometers (km) north of Chalice's high-grade Gonneville PGE-Ni-Cu discovery on the Julimar Project. Any advice contained on this Website Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. May 1, 2023 | 40 more messages in Futures and Forex: 10 or 15 minute delay, CT. Market Data powered by Barchart Solutions. 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 WebPURSUIT MINERALS LIMITED : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Australian Stock Based on this timeline, PUR could very well see a re-rate ahead of drilling. About the Data. TO MAKE THE WORLD The aeromagnetic data suggests that the ultramafic rocks prospective for PGE-Ni-Cu mineralisation are more widespread than indicated by surface outcrops. Authorised by Bruce Jackson. Pursuit Minerals Limited (PUR, formerly Burrabulla Lithium brine projects are highly dependent on different variables like weather, flow rates to surface and the variability of grades in the brines. 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. This article contains general investment advice only (under AFSL 400691). 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. It focuses on advancing vanadium projects in the world-class mining jurisdictions of Finland and Sweden. WebSummit Minerals Limited (SUM) is an Australian-focused ASX-listed battery mineral exploration company with a portfolio of projects in demand-driven commodities. 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. We note that hedge funds don't have a meaningful investment in Auteco Minerals. It explores projects including the Koitelainen project and Karhujupukka project For full detail of the tenements' geology and past exploration, please see PURs announcement here. Open menu Quick Company Search Before we go too far, a word of caution is required. A new 52-week high and massive share price volatility are driving some of the most-traded ASX shares today. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. representative of LeMessurier Securities Pty Ltd (AFSL No. Bernd Struben earned his economics degree in the US. Plus500. In this article, we will explain why we have invested in PUR now and the upside we see. 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. These ASX shares are starting the week in a positive fashion. 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. Tristan Harrison. 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. He moved to Australia in 2010, where he transitioned to analysing the Aussie equity markets. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The final data is expected by the middle of April. Objective #1: Drilling program to establish maiden JORC resource estimate. 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. May 1, 2023 | We are continuously working to improve our web experience, and encourage users to. Learn More. To make the world Smarter, Happier, And Richer. 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. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. S3 Consortium Pty Ltd (S3, we, us, our) (CAR No. Sign Up for Take Stock WebTop 20 Shareholders About the Data Show All Shareholder Distribution As reported in the most recent Annual Report. Who are the major shareholders and have insiders been buying or selling?
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