Known as the Julimar Complex, Chalices discovery was Australias first major palladium discovery, in an entirely new minerals province. 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. 2023 Barchart.com, Inc. All Rights Reserved. Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. Analysts believe that now could be the time to add these shares to your portfolio May 1, 2023 | This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. The Commando Gold Project is 38 km north from Kalgoorlie Project. Pursuit Minerals Limited completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project. Entrepreneur life goes like that - you win some and lose some. Pursuit Minerals Limited (PUR, formerly Burrabulla advice. Due to the highly prospective nature of the five identified anomalies, the company has significantly extended the survey block. Please remember that investments can go up and down. 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. Specifications include: Ratios for equities display the following information: Jump-Start Your Search For Promising Trade Ideas With Barcharts Top Stock Pick. Prior drilling focused on copper and gold and did not assay for PGEs. have bought more shares than they have sold in the past 3 months. Secure and increase the performance of your investments with our team of experts at your side. Sebastian Bowen. PUR is set to acquire the Warrior PGE-Nickel-Copper Project, nestled in the Western Gniess Terrane, sandwiched between CPN and CHN. Pursuit Minerals Ltd. is a mineral exploration and project development company. 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. Investment news, stock ideas, and more, straight to your inbox. Low market cap relative to advanced peers. (For the uninitiated, Ni stands for nickel, Cu is copper, while PGE stands for platinum group elements. It also includes links to theIndustry, Sector, and Indexin which the stock belongs: the SIC or the Standard Industrial Classification code, industry groups, and major-market indices including the three Dow Jones indices and their composite, the Nasdaq 100, and the S&P 500, 100 and 400. You can do it. Our friendly customer service team will happily get back to you as soon as they can. 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 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. 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. Lithium brine projects are highly dependent on different variables like weather, flow rates to surface and the variability of grades in the brines. Right-click on the chart to open the Interactive Chart menu. I'm taking the "L" and moving on. 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. 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. 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. Please seek your own independent professional advice before making any financial investment decision. Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. 337927). What did our investments do this week? 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. Past performance is not a reliable indicator of our future investing performance. Mr Bob Affleck Managing Director Mr Mark 40 more messages in a measure of one basis point change in the futures price. Project sits inside an already giant resource. 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. About the Data. Managing a market crash - lessons from March 2020. 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. 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 Any advice contained on this Website Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. -, Pursuit Minerals Issues 3.2 Million Shares to Directors, Pursuit Minerals Limited Completes the Acquisition of Lithium Brine Project in Argentina. Sign Up for Take Stock WebPursuit Minerals Limited (ASX:PUR) is a junior exploration company that is aiming to make a PGE-Nickel-Copper discovery in Western Australia. Win at Retirement Authorised by Bruce Jackson. Magnetic Resources Limited only completed limited surface sampling and drilling. 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. Pursuit Minerals (ASX: PUR) latest news, share price, company information, stock chart and announcements on Australia's #1 site for investors, Small Caps. 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. A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash Shareholder percentage totals can add to more than 100% because some holders are included in the free float. We participated in the $2M PUR cap raise (December 2022). 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 Caspin Resources (ASX:CPN), is a spin off from Cassini Resources (ASX: CZI) and has two West Australian gold and nickel projects. Pursuit Minerals Ltd 246-250 Railway Parade Suite 4 Leederville WA 6007 AUS. Pursuit Minerals (ASX:PUR) He employs a combination of macro economics and company specific data to gauge what he believes are tomorrow's best investments. An ETF Profile page also shows general information about the fund, but also adds information such as a link to the Fund Family. 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. Rank Top 20 Investors Number of Shares % Issued Capital; 1: 1. To have defined focussed quality targets from the preliminary data is very encouraging and we look forward to identifying further targets from the remainder of the Warrior AEM survey and then drill testing the highest priority targets as soon as practicable. Our bull/base/bear case expectations for the maiden JORC resource is as follows: Bull case = >100kt lithium carbonate equivalent. Individual aeromagnetic anomalies within this north-south linear belt are prospective for PGE-Ni-Cu mineralisation and will be the focus of initial exploration. End-of-day quote Australian Stock Exchange Objective #2: Pilot plant construction to show recovery potential. The Company's projects include Warrior PGE-Ni-Cu The project includes well defined magnetic anomalies ready for geophysical surveys to define drill targets. AProfilefor a commodities contract contains theContract Specifications. Plus500. Any Moodys Daily Credit Risk Score is a 1-10 score of a companys credit risk, based on an analysis of the firms 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). Whats driving the Pursuit Minerals (ASX:PUR) share price 35% higher? The business operating segment includes; Australian Projects, Norway projects, Finnish projects and Swedish projects. Pursuit Minerals Ltd (ASX: PUR) shares have been placed in a trading halt pending a capital raise. Now its 3.60%. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. These ASX shares are starting the week in a positive fashion. A new 52-week high and massive share price volatility are driving some of the most-traded ASX shares today. For full detail of the tenements' geology and past exploration, please see PURs announcement here. Any Earlier this year, Chalice Gold Mines Ltd (ASX: CHN) made a groundbreaking discovery that sent its share price soaring. 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. Australia's largest stock trading and investment forum, Algorithmic The Gladiator Gold Project consists of four exploration licenses located approximately 10 km northwest of Laverton in Western Australia. It expects to complete its overall Warrior AEM survey before the end of March. Shareholding changes less than 1% do not require notification to the market. Contact Details: The Wubin tenement (E70/5493), granted in November 2020, was previously explored for iron deposits by Magnetic Resources NL in 2010. Post acquisition PUR will have a fully diluted market cap of ~$31M, which is low compared to other lithium brine players Argosy Minerals ($828M). Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. So, what can ASX 200 investors. 2000 - 2023 HotCopper. Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 173.5%. 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 Futures and Forex: 10 or 15 minute delay, CT. Market Data powered by Barchart Solutions. Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. 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. In this article, we will explain why we have invested in PUR now and the upside we see. 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). TO MAKE THE WORLD 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 information in this website is general information only. PUR Stock Overview Pursuit Minerals Limited engages in the exploration and development of mineral properties in Australia. MINERAL RESOURCES LIMITED: 126,313,746: 8.11% 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. Get expert stock analysis direct in your inbox. Pursuit Minerals Ltd is an Australian mineral exploration and project development company. 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. Even though the forum has been shut down, we have learned a great deal about the industry, from the inside out. When Might Pursuit Minerals Run Out Of Money? There is always a risk that the market interest for lithium decreases and in turn appetite to invest in companies like PUR decreases. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. Surrounding companies have seen solid re-rates since entering the area. Looking at the acquisition terms, we think they are very reasonable for PUR shareholders. Gonneville style PGE-Ni-Cu mineralisation is associated with mafic intrusions, which exhibit strong aeromagnetic anomalies. Bought CBA shares in June? WebPURSUIT MINERALS LIMITED : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Australian Stock does not constitute personal advice and S3 has not taken into James Mickleboro. 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. Learn about investing with our Investing Education hub. WebAccess detailed premium company data for PUR - Pursuit Minerals Limited including Top 20 shareholders, Director Transactions and more. May 1, 2023 | The Gladiator Gold Project consists of four exploration licenses located approximately 10 km northwest of Laverton in Western Australia. balance sheet and inputs from the stock market. Pursuit Minerals Ltd is an Australian mineral exploration and project development company. This is a high risk, high reward investment. Bernd Struben earned his economics degree in the US. Follow-up electromagnetic surveys and soil geochemical sampling will be completed in order to define and prioritise drill targets. 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. With todays intraday moves taken into account, Pursuit Minerals shares are up 150% year to date. Before we go too far, a word of caution is required. Most of the drilling in the Rio Grande salar (salt lake) has been down to depths of ~100m. 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 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. Those persons acting upon information contained in this article do so entirely at their own risk. 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. Pursuit Minerals Ltd (ASX: PUR) shares are off to the races today, up more than 35% to 5 cents in afternoon trading. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Should Pursuits Exploration Licence Applications (ELAs) be approved, its landholding will be four times that of the ELA comprising Mandrakes Jimperding Project. We want to see the company build and operate a pilot plant to show that it can produce lithium carbonate from its project efficiently. Given the company is yet to commence producing any cashflows the need to raise capital may weigh on the companys share price. It explores projects including the Koitelainen project and Karhujupukka project located in Finland, Central Sweden projects and the Airijoki project located in Sweden. We disclose the securities held in relation to a particular company that we provide commentary on. The company was founded in 2007 and is headquartered in Brisbane, Australia. account day-to-day movements in market value compared to a companys liability structure. S3 Consortium Pty Ltd (S3, we, us, our) (CAR No.
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