Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. Individual aeromagnetic anomalies within this north-south linear belt are prospective for PGE-Ni-Cu mineralisation and will be the focus of initial exploration. This brings with it potential future consolidation opportunities. 1832 Asset Management L.P. is currently the largest shareholder, with 10.0% of shares outstanding. It explores projects including the Koitelainen project and Karhujupukka project located in Finland, Central Sweden projects and the Airijoki project located in Sweden. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. 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. -, Pursuit Minerals Issues 3.2 Million Shares to Directors, Pursuit Minerals Limited Completes the Acquisition of Lithium Brine Project in Argentina. Pursuit Minerals Ltd 246-250 Railway Parade Suite 4 Leederville WA 6007 AUS. WebPURSUIT MINERALS LIMITED : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Australian Stock Recent Insider Transactions Insider Trading Volume Insider Buying: MINERALS What's driving the Pursuit Minerals (ASX:PUR) share Following transfer of all tenements, an additional 10,000,000 shares will be issued to the vendor. PURs project sits in a region home to ~50% of global lithium supply, dubbed the lithium triangle of Argentina. For personal use only Lithium mineralisation is interpreted to extend down to depths of ~500m in depth leaving plenty of exploration upside for PUR to chase. The area remains underexplored for base and precious metals due to lack of outcrop, predominance of farmland and the prior focus of exploration companies on bauxite and iron. 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. Fundamental company data and analyst estimates provided by FactSet. Pursuit Minerals Limited Insider Trading & Ownership Structure Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. 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. To make the world Smarter, Happier, And Richer. Objective #1: Drilling program to establish maiden JORC resource estimate. These stronger EM conductors, Pursuit Minerals states, are associated with magnetic anomalies interpreted to be due to mafic or ultramafic intrusive rocks. Updated daily, it takes into Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. The business operating segment includes; Australian Projects, Norway projects, Finnish projects and Swedish projects. 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. Those persons acting upon information contained in this article do so entirely at their own risk. consideration your personal objectives, financial situation or needs. WebPursuit Minerals Ltd. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. Pursuit Minerals The Gladiator Gold Project consists of four exploration licenses located approximately 10 km northwest of Laverton in Western Australia. For full detail of the tenements' geology and past exploration, please see PURs announcement here. Pursuit Minerals Ltd is an Australian mineral exploration and project development company. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. We like the current valuation of $10M market cap and having recently raised $2M the company appears reasonably funded going into exploration and drilling. Past performance is not a reliable indicator of our future investing performance. The Motley Fool Australia operates under AFSL 400691. 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. to those objectives, financial situation and needs, before acting on the Get expert stock analysis direct in your inbox. Caspin Resources (ASX:CPN), is a spin off from Cassini Resources (ASX: CZI) and has two West Australian gold and nickel projects. 337927). 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. 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. The result of this discovery has led to a field of ASX explorers taking up some ground, hoping to make their own. 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. Youre viewing a single post only. The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. Pursuit Minerals Limiteds (ASX:PUR advice is general advice only. Funds, Oil & 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 Pursuit Minerals Ltd is an Australian mineral exploration and project development company. Most of the drilling in the Rio Grande salar (salt lake) has been down to depths of ~100m. 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. 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. 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). consideration your personal objectives, financial situation or needs. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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). Pursuit Minerals The Pursuite Minerals share price is surging today after the company reported its preliminary AEM survey had detected five strong electromagnetic (EM) conductors. 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. Pursuit Minerals ASX:PUR Stock Report - Simply Wall St 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. 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). 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. shareholders The Wubin tenement area contains widespread, but isolated, greenstone remnants. We are hoping this re-rates the company to a market cap of >$1bn (similar to what peer company Argosy achieved). PURSUIT MINERALS LIMITED : Shareholders Board Pursuit Minerals Ltd. is a mineral exploration and project development company. PUR - Pursuit Minerals Gonneville style PGE-Ni-Cu mineralisation is associated with mafic intrusions, which exhibit strong aeromagnetic anomalies. Why uranium stocks are soaring, one good movie recommendation, Quick fire commentary on the six stocks making progress today, The thematics we are investing in right now, PUR first drill results are in - More coming in a few weeks, Market fluctuations and portfolio news and quick takes, Why stocks go into "Quiet Execution Mode", how to spot a cap raise, stock "Confession Season", Cash is King, Gold Stocks and Enough of VUL and EMN. advice. Entrepreneur life goes like that - you win some and lose some. It explores projects including the Koitelainen project and Karhujupukka project 296877). WebRagusa Minerals Ltd (RAS, formerly SIV Asset Management Limited) operate in the mineral exploration sector focusing on exploration for gold and associated minerals. representative of LeMessurier Securities Pty Ltd (AFSL No. does not constitute personal advice and S3 has not taken into Any advice contained on this Website Even though the forum has been shut down, we have learned a great deal about the industry, from the inside out. With the acquisition will come four highly prospective land positions (a mix of exploration licences and exploration licence applications), totalling 593 square kilometres. 296877). 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. Contact Details: Source: Kantar Media. Any ONE, VUL all grown up BPM, LCL finding targets. The score provides a forward-looking, one-year measure of credit 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 2000 - 2023 HotCopper. The Company's projects include Warrior PGE-Ni-Cu advice. All Rights Reserved. In this article, we will explain why we have invested in PUR now and the upside we see. S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised Specifications include: Ratios for equities display the following information: Jump-Start Your Search For Promising Trade Ideas With Barcharts Top Stock Pick. Bernd Struben earned his economics degree in the US. 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. The Company discovers, develops and operates gold projects within Australias premier gold districts in Victoria and Queensland. 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. The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. SMARTER, HAPPIER, AND RICHER. Gas, Tax The Company has been engaged by PUR to share our commentary on the progress of our Investment in PUR over time. Pursuit Minerals Ltd - Fresh Equities All rights reserved. Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. Delayed Australian Stock Exchange Pursuit Minerals Limited (ASX:PUR) is a junior exploration company that is aiming to make a PGE-Nickel-Copper discovery in Western Australia. Secure and increase the performance of your investments with our team of experts at your side. We want to see the company build and operate a pilot plant to show that it can produce lithium carbonate from its project efficiently. 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 a mineralised drill intersection on one or the Tenements of at least 10 metres of 2% nickel equivalent or better. 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. 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. Our latest articles and strategies for the post-work life you want. 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 To receive ALL our alerts fill out your details below. 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. There is always a risk that PURs project doesn't meet the levels required for its project to be operated commercially.
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