To receive ALL our alerts fill out your details below. International stock quotes are delayed as per exchange requirements. 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. Here are the companies currently in the region including Chalice. consideration your personal objectives, financial situation or needs. The Combatant PGE-Ni-Cu Project lies approximately 270 km northeast from Geraldton and 210 km west of Meekatharra. To view the entire thread just sign in or Join Now (FREE), Australia's largest stock tradingand investment forum. PURs project sits inside an already established foreign resource estimate of 2.1mt lithium carbonate equivalent. These ASX shares are having a tough start to the week. Any Volume reflects consolidated markets. Please read our Financial Services Guide before deciding whether to obtain financial services from us. The Wubin tenement (E70/5493), granted in November 2020, was previously explored for iron deposits by Magnetic Resources NL in 2010. Argosy Minerals Ltd The aeromagnetic data suggests that the ultramafic rocks prospective for PGE-Ni-Cu mineralisation are more widespread than indicated by surface outcrops. The Motley Fool Australia operates under AFSL 400691. PUR drilling again. Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 173.5%. Analysts believe that now could be the time to add these shares to your portfolio May 1, 2023 | These stronger EM conductors, Pursuit Minerals states, are associated with magnetic anomalies interpreted to be due to mafic or ultramafic intrusive rocks. Email: [emailprotected] Air core drilling commenced at its Warrior Project in WA. This article may include references to our past investing performance. PUR will interpret the available aeromagnetic data to define corridors of aeromagnetic anomalies prospective of PGE-Ni-Cu mineralization. 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. What's driving the Pursuit Minerals (ASX:PUR) share Early stage CHN investors were well rewarded by this discovery, with the stock returning 1,600% since January. What did our investments do this week? 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. The company believes these have the potential to be due to PGE-Ni-Cu sulphide mineralisation. He moved to Australia in 2010, where he transitioned to analysing the Aussie equity markets. Pursuit Minerals Objective #2: Pilot plant construction to show recovery potential. 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. this thread Last trade - 15.51pm 01/05/2023 (20 minute delay). Objective #1: Drilling program to establish maiden JORC resource estimate. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. We have also been following the private Argentinian lithium asset being acquired by PUR since October this year, and also have an interest in this company after participating in a pre-listing capital raise, which will convert to PUR shares post transaction. Pursuit Minerals Ltd is an Australian mineral exploration and project development company. Dow Jones, a News Corp We are hoping this re-rates the company to a market cap of >$1bn (similar to what peer company Argosy achieved). A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash The final data is expected by the middle of April. These ASX shares are starting the week in a positive fashion. Accordingly you should consider how appropriate the advice (if any) is 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 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. PUR.AU | Pursuit Minerals Ltd. Annual Balance Sheet - WSJ The score provides a forward-looking, one-year measure of credit -, Pursuit Minerals Issues 3.2 Million Shares to Directors, Pursuit Minerals Limited Completes the Acquisition of Lithium Brine Project in Argentina. 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. For personal use only Pursuit Minerals Ltd. is a 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. Pursuit Minerals Ltd 246-250 Railway Parade Suite 4 Leederville WA 6007 AUS. does not constitute personal advice and S3 has not taken into S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised 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. 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. 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 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. Directors and Management Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. have bought more shares than they have sold in the past 3 months. Pursuit Minerals Limiteds (ASX:PUR Lithium brine projects are highly dependent on different variables like weather, flow rates to surface and the variability of grades in the brines. Bought CBA shares in June? Pursuit Minerals Limited completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. 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. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. PUR - Now a $31M advanced stage lithium stock, Why we invest in Oil & Gas and Precious Metals. Learn More. 296877). Pursuit Minerals Limited Insider Trading & Ownership Structure There is always a risk that PURs project doesn't meet the levels required for its project to be operated commercially. Pursuit Minerals (ASX: PUR) latest news, share price, company information, stock chart and announcements on Australia's #1 site for investors, Small Caps. He employs a combination of macro economics and company specific data to gauge what he believes are tomorrow's best investments. 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. 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. End-of-day quote Australian Stock Exchange 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. 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. Win at Retirement PUR increases the size and scale of its lithium project to a level that warrants putting it into production. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list. As noted earlier, Devex Resources Limited (ASX: DEV) and Mandrake Resources Ltd (ASX: MAN) have made very successful forays into the area. 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. 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. Bernd Struben earned his economics degree in the US. Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. ASX Company Page | The Market Herald 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 the Underlying Index. Copyright FactSet Research Systems Inc. All rights reserved. As of today, there is a new contender in the province. advice is general advice only. PUR is set to acquire the Warrior PGE-Nickel-Copper Project, nestled in the Western Gniess Terrane, sandwiched between CPN and CHN. 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. 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. Join thousands of other Investors following our stock commentary for Free, Interested in more investment opportunities? (For the uninitiated, Ni stands for nickel, Cu is copper, while PGE stands for platinum group elements. Individual aeromagnetic anomalies within this north-south linear belt are prospective for PGE-Ni-Cu mineralisation and will be the focus of initial exploration. The information in this website is general information only. The Motley Fool has a disclosure policy. Get expert stock analysis direct in your inbox. The Gladiator Gold Project consists of four exploration licenses located approximately 10 km northwest of Laverton in Western Australia. The YTD, 1-3- and 5-Year Returns are adjusted for dividends and splits. Its projects include Mt Carlton, Stawell Corridor Gold, St Arnaud Gold, Jubilee Gold, Tandarra Gold and Our bull/base/bear case expectations for the maiden JORC resource is as follows: Bull case = >100kt lithium carbonate equivalent. Any advice contained on this Website Bullseye is being shut down. WebA substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. The Company's projects include Warrior PGE-Ni-Cu Project, Commando Gold Project, Gladiator Gold Project, and Combatant PGE-Ni-Cu-Au Project. 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. Pursuit Minerals Ltd (PUR) Stock Price & Analysis - tipranks.com 2023 Barchart.com, Inc. All Rights Reserved. Lithium mineralisation is interpreted to extend down to depths of ~500m in depth leaving plenty of exploration upside for PUR to chase. There is always a risk that market sentiment impacts PURs ability to raise capital. Join thousands of other Investors following our stock commentary for Free, Interested in more investment opportunities? 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. S3 Consortium Pty Ltd (S3, we, us, our) (CAR No. Bear case = <50kt lithium carbonate equivalent. WebTop 20 Shareholders About the Data Show All Shareholder Distribution As reported in the most recent Annual Report. 337927). 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 Open menu Quick Company Search S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised Minerals EMX Royalty Corp Authorised by Bruce Jackson. Get Started Investing Thats where it will really start to get interesting for PUR investors. The result of this discovery has led to a field of ASX explorers taking up some ground, hoping to make their own. 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. 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. 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. 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. balance sheet and inputs from the stock market. 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. 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). 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. Bernd Struben, Just one year ago Australias official cash rate stood at 0.10%. I'm taking the "L" and moving on. does not constitute personal advice and S3 has not taken into Currently, RAS is focusing on its flagship project Lonely Mine Project. 1,600% Gain Sparks Julimar Explorer Race - We Just Found the
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