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. The ultimate aim of the drilling program will be to establish a maiden JORC resource estimate for its project. You can do it. 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 Warrior project is also located just 50km north-east of Chalice minings discovery in the new minerals province known as the Julimar Complex. He employs a combination of macro economics and company specific data to gauge what he believes are tomorrow's best investments. When Might Pursuit Minerals Run Out Of Money? The Calingiri West tenement application, E70/5378), is located between the Julimar (Chalice Mines Limited) and Yarawindah (OZ Minerals Limited) Ni-Cu-PGE projects. Barchart shows different data on the Profile page, depending on the symbol's asset type. The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. Magnetic Resources Limited only completed limited surface sampling and drilling. Data supplied by Morningstar and accurate on Sep 19, does not constitute personal advice and S3 has not taken into Join our flagship membership service, Share Advisor. 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. Thats where it will really start to get interesting for PUR investors. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. 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. I took on HotCopper and Lost. About the company Risk Analysis Copyright FactSet Research Systems Inc. All rights reserved. Most of the drilling in the Rio Grande salar (salt lake) has been down to depths of ~100m. Right-click on the chart to open the Interactive Chart menu. PURs project sits in a region home to ~50% of global lithium supply, dubbed the lithium triangle of Argentina. The business operating segment includes; Australian Projects, Norway projects, Finnish projects and Swedish projects. With todays intraday moves taken into account, Pursuit Minerals shares are up 150% year to date. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements. PUR drilling again. 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. 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. May 1, 2023 | Navarre Minerals Limited is an Australia-based gold, silver and copper producer. An ETF Profile page also shows general information about the fund, but also adds information such as a link to the Fund Family. 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. It is becoming increasingly apparent that the prospective mafic rocks discovered to date are far more widespread than previously thought. Project sits inside an already giant resource. 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. WebPursuit Minerals Ownership Who are the major shareholders and have insiders been buying or selling? 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. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Simon Taylor BSc, Do Not Sell or Share My Personal Information. As noted earlier, Devex Resources Limited (ASX: DEV) and Mandrake Resources Ltd (ASX: MAN) have made very successful forays into the area. Here are the most important events to keep an eye on for the sake of your stock portfolio. 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. All rights reserved. Lithium is currently trading at all time-highs. Fundamental company data and analyst estimates provided by FactSet. Secure and increase the performance of your investments with our team of experts at your side. Learn More. Copyright 2023 Surperformance. Plus500. Here are the companies currently in the region including Chalice. HSBC CUSTODY NOMINEES LIMITED: 156,251,137: 10.04%: 2: 2. The result of this discovery has led to a field of ASX explorers taking up some ground, hoping to make their own. 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. Sign Up for Take Stock Any advice contained on this Website 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. S3 Consortium Pty Ltd (S3, we, us, our) (CAR No. In his free time, you're likely to find Bernd at the beach or dabbling away on a new work of science fiction. Known as the Julimar Complex, Chalices discovery was Australias first major palladium discovery, in an entirely new minerals province. The Company's projects include Warrior PGE-Ni-Cu Kingsgate conducted further follow-up drilling with 53 aircore holes. Surrounding companies have seen solid re-rates since entering the area. WebPURSUIT MINERALS LIMITED : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Australian Stock in the past year, with total shares outstanding growing by 173.5%. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Substantial Shareholders No Substantial Shareholders for -, Pursuit Minerals Issues 3.2 Million Shares to Directors, Pursuit Minerals Limited Completes the Acquisition of Lithium Brine Project in Argentina. Youre viewing a single post only. Pursuit Minerals Ltd. is a mineral exploration and project development company. 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. to those objectives, financial situation and needs, before acting on the A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash All rights reserved. Any advice is general advice only. 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. The Company discovers, develops and operates gold projects within Australias premier gold districts in Victoria and Queensland. As of today, there is a new contender in the province. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. 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. 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. The company believes these have the potential to be due to PGE-Ni-Cu sulphide mineralisation. 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. Target our investor community with our suite of Hotcopper Advertising opportunities. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Barchart is committed to ensuring digital accessibility for individuals with disabilities. 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. Hear our experts take on shares, the market & how to invest. The Pursuite Minerals share price is surging today after the company reported its preliminary AEM survey had detected five strong electromagnetic (EM) conductors. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. To receive ALL our alerts fill out your details below. We are continuously working to improve our web experience, and encourage users to. Volume reflects consolidated markets. the Underlying Index. 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. 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). 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 Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. These ASX shares are starting the week in a positive fashion. Stocks: 15 20 minute delay (Cboe BZX is real-time), ET. 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 Even though the forum has been shut down, we have learned a great deal about the industry, from the inside out. Rank Top 20 Investors Number of Shares % Issued Capital; 1: 1. Join Our Premium Community Authorised by Bruce Jackson. 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. 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 Combatant PGE-Ni-Cu Project lies approximately 270 km northeast from Geraldton and 210 km west of Meekatharra. The company has a number of unexplored magnetic and gravity anomalies, however it is yet to really test what's beneath the surface. 296877). The aeromagnetic data suggests that the ultramafic rocks prospective for PGE-Ni-Cu mineralisation are more widespread than indicated by surface outcrops. 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. Top 20 Shareholders. Pursuit Minerals Ltd. is a mineral exploration and project development company. How do Fund Managers Invest in Small Cap Stocks? Following transfer of all tenements, an additional 10,000,000 shares will be issued to the vendor. DIRECTORS. Based on this timeline, PUR could very well see a re-rate ahead of drilling. S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised 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. 296877). 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. Specifications include: Ratios for equities display the following information: Jump-Start Your Search For Promising Trade Ideas With Barcharts Top Stock Pick. To receive ALL our alerts fill out your details below. Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. Earlier during intraday trade, the Pursuit Minerals share price rallied by as much as 70% to 6.4 cents before retreating. Secure and increase the performance of your investments with our team of experts at your side. What did our investments do this week? Learn about investing with our Investing Education hub. 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. The discovery is shaping up to be a major deposit of critical metals for a clean energy future and includes palladium, nickel and copper. Accordingly you should consider how appropriate the advice (if any) is 2000 - 2023 HotCopper. 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. Futures and Forex: 10 or 15 minute delay, CT. Market Data powered by Barchart Solutions. Short sellers are gunning forthese ASX shares. PUR is set to acquire the Warrior PGE-Nickel-Copper Project, nestled in the Western Gniess Terrane, sandwiched between CPN and CHN. Pursuit Minerals share price snapshot Patient shareholders in the junior miner have enjoyed a highly profitable 12 months and a great start to 2021. Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months. 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). Please read our Financial Services Guide before deciding whether to obtain financial services from us. 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. 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. Fundamental data provided by Zacks and Morningstar. Located inside Argentinas lithium triangle. 40 more messages in The Wubin tenement (E70/5493), granted in November 2020, was previously explored for iron deposits by Magnetic Resources NL in 2010. The Motley Fool has a disclosure policy. Before we go too far, a word of caution is required. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. WebSummit Minerals Limited (SUM) is an Australian-focused ASX-listed battery mineral exploration company with a portfolio of projects in demand-driven commodities. We disclose the securities held in relation to a particular company that we provide commentary on. All Rights Reserved. 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 Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. The information in this website is general information only. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. The information contained in this article is general information and is for informational purposes only. NICKEL COPPER PLATINUM GROUP ELEMENTS PGE, 1,600% Gain Sparks Julimar Explorer Race - We Just Found the Cheapest. Pursuit Minerals Ltd 246-250 Railway Parade Suite 4 Leederville WA 6007 AUS. We want to see the company build and operate a pilot plant to show that it can produce lithium carbonate from its project efficiently. It expects to complete its overall Warrior AEM survey before the end of March. Inception Date, First Trade Date, and Leverage. Bought CBA shares in June? The information contained in this article is current as at the publication date. Objective #1: Drilling program to establish maiden JORC resource estimate. This is a high risk, high reward investment. Any We take a look at the ASX miners latest AEM results. Win at Retirement For full detail of the tenements' geology and past exploration, please see PURs announcement here. Heres the dividend yield youre earning now, How Id invest $1,000 in May to make easy passive income, Woodside share price in the green as Shell offloads stake in $30 billion JV gas project, the companys announcement of promising airborne electromagnet (AEM) data. 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. Pursuit Minerals Limited (ASX:PUR) is a junior exploration company that is aiming to make a PGE-Nickel-Copper discovery in Western Australia. Managing a market crash - lessons from March 2020. It focuses on advancing vanadium projects in the world-class mining consideration your personal objectives, financial situation or needs. The Motley Fool Australia operates under AFSL 400691. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. There is always a risk that PURs project doesn't meet the levels required for its project to be operated commercially. 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.
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