Dominion Mining previously collected over 3,389 auger geochemical samples and drilled 41 aircore holes totalling 1,384m of aircore drilling. AProfilefor a commodities contract contains theContract Specifications. The area also remains prospective for Boddington-style porphyry gold and/or copper mineralisation. Surrounding companies have seen solid re-rates since entering the area. Accordingly you should consider how appropriate the advice (if any) is Data may be intentionally delayed pursuant to supplier requirements. & Taxation. Email: [emailprotected] Get Started Investing Phone: (03) 8592 4841 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. 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. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. 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. Kingsgate conducted further follow-up drilling with 53 aircore holes. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. To view the entire thread just sign in or Join Now (FREE), Australia's largest stock tradingand investment forum. 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. Lithium brine projects are highly dependent on different variables like weather, flow rates to surface and the variability of grades in the brines. 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. With todays intraday moves taken into account, Pursuit Minerals shares are up 150% year to date. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. In his free time, you're likely to find Bernd at the beach or dabbling away on a new work of science fiction. As noted earlier, Devex Resources Limited (ASX: DEV) and Mandrake Resources Ltd (ASX: MAN) have made very successful forays into the area. WebPursuit Minerals Ownership Who are the major shareholders and have insiders been buying or selling? Caspin Resources (ASX:CPN), is a spin off from Cassini Resources (ASX: CZI) and has two West Australian gold and nickel projects. S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised CPH, ONE, TMZ, 88E and more PUR says Early Soil Samples Compare Favourably to $2.6BN Chalice, PURs EM conductors significant - Drilling in 6 to 8 weeks, Our Portfolio Performance from January 1st to March 31st 2021, Nearology News Next to $1.4 Billion Behemoth Big Brother, 1,600% Gain Sparks Julimar Explorer Race - We Just Found the Cheapest. Substantial Shareholders No Substantial Shareholders for It explores projects including the Koitelainen project and Karhujupukka project 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. As of today, there is a new contender in the province. 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. I took on HotCopper and Lost. 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. View PUR.AU financial statements in full. The Combatant PGE-Ni-Cu Project lies approximately 270 km northeast from Geraldton and 210 km west of Meekatharra. He moved to Australia in 2010, where he transitioned to analysing the Aussie equity markets. The result of this discovery has led to a field of ASX explorers taking up some ground, hoping to make their own. The business operating segment includes; Australian Projects, Norway projects, Finnish projects and Swedish projects. 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. What did our investments do this week? Learn about investing with our Investing Education hub. Pursuit Minerals Limited completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project. 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. Now its 3.60%. NICKEL COPPER PLATINUM GROUP ELEMENTS PGE, 1,600% Gain Sparks Julimar Explorer Race - We Just Found the Cheapest. Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. 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). WebPursuit Minerals Limited (ASX:PUR) is a junior exploration company that is aiming to make a PGE-Nickel-Copper discovery in Western Australia. WebPursuit Minerals Ltd. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. 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. International stock quotes are delayed as per exchange requirements. risk, allowing investors to make better decisions and streamline their work ow. Inception Date, First Trade Date, and Leverage. The Commando Gold Project is 38 km north from Kalgoorlie Project. Fundamental company data and analyst estimates provided by FactSet. You can do it. Recent Insider Transactions Insider Trading Volume Insider Buying: The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. 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. 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. Bernd Struben, Just one year ago Australias official cash rate stood at 0.10%. 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. 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. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. MINERAL RESOURCES LIMITED: 126,313,746: 8.11% 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. representative of LeMessurier Securities Pty Ltd (AFSL No. Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. 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 1-3- and 5-Year Returns are adjusted for splits. Please remember that investments can go up and down. PUR will acquire 100% of its Tier 1 Warrior PGE-Nickel-Copper Project, which is only between 20 kilometres and 170 kilometres to the north of Chalice Gold Mines Ltds Gonneville Julimar discovery. 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. Most of the drilling in the Rio Grande salar (salt lake) has been down to depths of ~100m. We want to see PUR drill to depths of ~500m where mineralisation is interpreted to extend to. PUR drilling again. Copyright 2023 Surperformance. There is always a risk that the market interest for lithium decreases and in turn appetite to invest in companies like PUR decreases. Contact Details: 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. PUR increases the size and scale of its lithium project to a level that warrants putting it into production. Gas, Tax 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. Short sellers are gunning forthese ASX shares. 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. 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 However, half of the drill holes intercepted mafic rocks, anomalous in Au, Cu, As and W, which is a positive indication as mafic rocks are associated with PGE-Ni-Cu mineralisation at Gonneville. Located inside Argentinas lithium triangle. this thread Last trade - 15.51pm 01/05/2023 (20 minute delay). Post acquisition PUR will have a fully diluted market cap of ~$31M, which is low compared to other lithium brine players Argosy Minerals ($828M). Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. 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. 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 Minerals Ltd is an Australian mineral exploration and project development company. Based on this timeline, PUR could very well see a re-rate ahead of drilling. balance sheet and inputs from the stock market. 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. Bear case = <50kt lithium carbonate equivalent. The Company's projects include Warrior PGE-Ni-Cu Project, Commando Gold Project, Gladiator Gold Project, and Combatant PGE-Ni-Cu-Au Project. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Its projects include Mt Carlton, Stawell Corridor Gold, St Arnaud Gold, Jubilee Gold, Tandarra Gold and May 1, 2023 | The YTD, 1-3- and 5-Year Returns are adjusted for dividends and splits. has engaged Next Investors to provide this service. Patient shareholders in the junior miner have enjoyed a highly profitable 12 months and a great start to 2021. WebASX:PUR - Investor presentation, announcements, cashflow waterfall chart, news, capital raise history, & sector peers. S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised We participated in the $2M PUR cap raise (December 2022). Sebastian Bowen. Analysts believe that now could be the time to add these shares to your portfolio May 1, 2023 | WebMr. Rank Top 20 Investors Number of Shares % Issued Capital; 1: 1. This brings with it potential future consolidation opportunities. 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. Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. WebTop 20 Shareholders About the Data Show All Shareholder Distribution As reported in the most recent Annual Report. Get expert stock analysis direct in your inbox. Should Pursuits Exploration Licence Applications (ELAs) be approved, its landholding will be four times that of the ELA comprising Mandrakes Jimperding Project. 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. 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. It explores projects including the Koitelainen project and Karhujupukka project located in Finland, Central Sweden projects and the Airijoki project located in Sweden. PURs ground sits inside an area where another company has already defined a foreign resource of 2.1mt lithium carbonate equivalent. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. 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. It explores projects including the Koitelainen project and Thats where it will really start to get interesting for PUR investors. Those are comprised of palladium (Pd), iridium (Ir), osmium (Os), rhodium (Rh) and ruthenium (Ru).). Even though the forum has been shut down, we have learned a great deal about the industry, from the inside out. Known as the Julimar Complex, Chalices discovery was Australias first major palladium discovery, in an entirely new minerals province. The Motley Fool Australia has no position in any of the stocks mentioned. Bought CBA shares in June? Pursuit Minerals Limited (ASX:PUR) is a junior exploration company that is aiming to make a PGE-Nickel-Copper discovery in Western Australia. 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. to those objectives, financial situation and needs, before acting on the The discovery is shaping up to be a major deposit of critical metals for a clean energy future and includes palladium, nickel and copper. Learn More. Those persons acting upon information contained in this article do so entirely at their own risk. 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. PUR is well funded with ~$2.5M of cash to fund its Julimar Warrior Project exploration program and with an Enterprise Value (EV) of ~$8.7m, provides significant leverage to discovery. Listen to Our Podcast PURs project sits inside an already established foreign resource estimate of 2.1mt lithium carbonate equivalent. Accordingly you should consider how appropriate the advice (if any) is 2000 - 2023 HotCopper. PURs Warrior project is also located just 50km north-east of Chalice minings discovery in the new minerals province known as the Julimar Complex. Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. Pursuit Minerals Limited completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project. 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. For more information please see our Financial Services Guide. WebRagusa Minerals Ltd (RAS, formerly SIV Asset Management Limited) operate in the mineral exploration sector focusing on exploration for gold and associated minerals. PUR - Now a $31M advanced stage lithium stock, Why we invest in Oil & Gas and Precious Metals. ONE, VUL all grown up BPM, LCL finding targets. The ultimate aim of the drilling program will be to establish a maiden JORC resource estimate for its project. The company was founded in 2007 and is headquartered in Brisbane, Australia. We are continuously working to improve our web experience, and encourage users to. Air core drilling commenced at its Warrior Project in WA. 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. Hear our experts take on shares, the market & how to invest. Source: FactSet. 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. Mandrakes Jimperding Project lies approximately 30 kilometres east of Chalice. a measure of one basis point change in the options price. Earlier this year, Chalice Gold Mines Ltd (ASX: CHN) made a groundbreaking discovery that sent its share price soaring. Any advice contained on this Website Barchart shows different data on the Profile page, depending on the symbol's asset type. Earlier during intraday trade, the Pursuit Minerals share price rallied by as much as 70% to 6.4 cents before retreating. The Company's projects include Warrior PGE-Ni-Cu Project, Commando Gold Project, Gladiator Gold Project, and Combatant PGE-Ni-Cu-Au Project. 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. That compares to a 3% loss on the All Ordinaries Index (ASX: XAO). Who are the major shareholders and have insiders been buying or selling? This is a high risk, high reward investment. PUR Stock Overview Pursuit Minerals Limited engages in the exploration and development of mineral properties in Australia. The Calingiri West tenement application, E70/5378), is located between the Julimar (Chalice Mines Limited) and Yarawindah (OZ Minerals Limited) Ni-Cu-PGE projects. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. Past performance is not necessarily indicative of future returns. To receive ALL our alerts fill out your details below. The company has a number of unexplored magnetic and gravity anomalies, however it is yet to really test what's beneath the surface. 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. Pursuit Minerals Ltd 246-250 Railway Parade Suite 4 Leederville WA 6007 AUS. Gonneville style PGE-Ni-Cu mineralisation is associated with mafic intrusions, which exhibit strong aeromagnetic anomalies. May 1, 2023 | 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. The company believes these have the potential to be due to PGE-Ni-Cu sulphide mineralisation. Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No.
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