Any advice is general advice only. 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. It explores projects including the Koitelainen project and Karhujupukka project consideration your personal objectives, financial situation or needs. have bought more shares than they have sold in the past 3 months. Barchart shows different data on the Profile page, depending on the symbol's asset type. Simon Taylor BSc, There is always a risk that the market interest for lithium decreases and in turn appetite to invest in companies like PUR decreases. Looking at the acquisition terms, we think they are very reasonable for PUR shareholders. 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. Gonneville style PGE-Ni-Cu mineralisation is associated with mafic intrusions, which exhibit strong aeromagnetic anomalies. The Calingiri West tenement application, E70/5378), is located between the Julimar (Chalice Mines Limited) and Yarawindah (OZ Minerals Limited) Ni-Cu-PGE projects. These stronger EM conductors, Pursuit Minerals states, are associated with magnetic anomalies interpreted to be due to mafic or ultramafic intrusive rocks. A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash 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 Based on this timeline, PUR could very well see a re-rate ahead of drilling. Earlier during intraday trade, the Pursuit Minerals share price rallied by as much as 70% to 6.4 cents before retreating. 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. Any advice contained on this Website Those persons acting upon information contained in this article do so entirely at their own risk. 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 a mineral exploration and project development company. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. this thread Last trade - 15.51pm 01/05/2023 (20 minute delay). Fundamental company data and analyst estimates provided by FactSet. Moodys Daily Credit Risk Score is a 1-10 score of a companys credit risk, based on an analysis of the firms To make the world Smarter, Happier, And Richer. PURs project sits in a region home to ~50% of global lithium supply, dubbed the lithium triangle of Argentina. Please remember that investments can go up and down. Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months. AProfilefor a commodities contract contains theContract Specifications. a measure of one basis point change in the options price. Most of the drilling in the Rio Grande salar (salt lake) has been down to depths of ~100m. 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. Pursuit Minerals Ltd is an Australian mineral exploration and project development company. 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. The Wubin tenement area contains widespread, but isolated, greenstone remnants. The Pursuite Minerals share price is surging today after the company reported its preliminary AEM survey had detected five strong electromagnetic (EM) conductors. The Wubin tenement (E70/5493), granted in November 2020, was previously explored for iron deposits by Magnetic Resources NL in 2010. Before we go too far, a word of caution is required. An ETF Profile page also shows general information about the fund, but also adds information such as a link to the Fund Family. 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). 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. 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 Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. PUR drilling again. 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. Early stage CHN investors were well rewarded by this discovery, with the stock returning 1,600% since January. Listen to Our Podcast Thats where it will really start to get interesting for PUR investors. WebMr. The score provides a forward-looking, one-year measure of credit WebASX:PUR - Investor presentation, announcements, cashflow waterfall chart, news, capital raise history, & sector peers. Fundamental data provided by Zacks and Morningstar. Pursuit Minerals Ltd 246-250 Railway Parade Suite 4 Leederville WA 6007 AUS. Bernd Struben earned his economics degree in the US. Top 20 Shareholders. Recent Insider Transactions Insider Trading Volume Insider Buying: Funds, Oil & Win at Retirement 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. account day-to-day movements in market value compared to a companys liability structure. The Calingiri West tenement application also abuts Devex Resources (ASX: DEV) and covers part of their Sovereign Magnetic Complex as interpreted and is immediately adjacent to late-time airborne electromagnetic anomalies recently defined by Devex. When Might Pursuit Minerals Run Out Of Money? End-of-day quote Australian Stock Exchange The information contained in this article is general information and is for informational purposes only. 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 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. 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. Source: FactSet. 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. The Commando Gold Project is 38 km north from Kalgoorlie Project. 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. WebRagusa Minerals Ltd (RAS, formerly SIV Asset Management Limited) operate in the mineral exploration sector focusing on exploration for gold and associated minerals. We disclose the securities held in relation to a particular company that we provide commentary on. Prior exploration focused on bauxite and the bedrock geology is not well known. We take a look at the ASX miners latest AEM results. The area also remains prospective for Boddington-style porphyry gold and/or copper mineralisation. Dow Jones, a News Corp I'm taking the "L" and moving on. Low market cap relative to advanced peers. 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. We note that hedge funds don't have a meaningful investment in Auteco Minerals. Objective #1: Drilling program to establish maiden JORC resource estimate. The Company's projects include Warrior PGE-Ni-Cu Project, Commando Gold Project, Gladiator Gold Project, and Combatant PGE-Ni-Cu-Au Project. These same anomalies are known to host the PGE-Ni-Cu mineralisation at the Chalice Mining Ltd (ASX: CHN) Julimar Project. Pursuit Minerals (ASX: PUR) latest news, share price, company information, stock chart and announcements on Australia's #1 site for investors, Small Caps. The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. 2023 Barchart.com, Inc. All Rights Reserved. Gas, Tax WebPursuit Minerals Ltd. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. Lithium is currently trading at all time-highs. 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 Chalice backed Caspin in its IPO taking a 10 per cent stake. Plus500. Now its 3.60%. does not constitute personal advice and S3 has not taken into As noted earlier, Devex Resources Limited (ASX: DEV) and Mandrake Resources Ltd (ASX: MAN) have made very successful forays into the area. Having identified the prospective mafic and ultramafic intrusions, electromagnetic surveys will be conducted over the source of the aeromagnetic anomalies to generate drilling targets. & Taxation. Surrounding companies have seen solid re-rates since entering the area. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. The final data is expected by the middle of April. Sign Up for Take Stock So, what can ASX 200 investors. Accordingly you should consider how appropriate the advice (if any) is Follow-up electromagnetic surveys and soil geochemical sampling will be completed in order to define and prioritise drill targets. SMARTER, HAPPIER, AND RICHER. Base case = 50-100kt lithium carbonate equivalent. Substantial Shareholders No Substantial Shareholders for 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). WebUpon exercise of the option, Pursuit will issue up to 20 million additional shares, capped at 9.9% of the issued and outstanding shares of PUR. We want to see the company build and operate a pilot plant to show that it can produce lithium carbonate from its project efficiently. The Motley Fool Australia has no position in any of the stocks mentioned. Bear case = <50kt lithium carbonate equivalent. PUR will interpret the available aeromagnetic data to define corridors of aeromagnetic anomalies prospective of PGE-Ni-Cu mineralization. PURs project sits inside an already established foreign resource estimate of 2.1mt lithium carbonate equivalent. Following transfer of all tenements, an additional 10,000,000 shares will be issued to the vendor. Even though the forum has been shut down, we have learned a great deal about the industry, from the inside out. 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. Devex and Mandrake are at pre-drilling stage and on balance, one would expect Pursuits valuation could be at least in line with that of Mandrakes $30M or perhaps Devexs $74M longer-term. 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 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. Managing a market crash - lessons from March 2020. 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. 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
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