Mr Bob Affleck Managing Director Mr Mark Caspin Resources (ASX:CPN), is a spin off from Cassini Resources (ASX: CZI) and has two West Australian gold and nickel projects. We are continuously working to improve our web experience, and encourage users to. The Motley Fool Australia has no position in any of the stocks mentioned. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Please seek your own independent professional advice before making any financial investment decision. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). SMARTER, HAPPIER, AND RICHER. has engaged Next Investors to provide this service. 2023 Barchart.com, Inc. All Rights Reserved. WebPursuit Minerals Limited Suite 4, 246-250 Railway Parade West Leederville WA 6007 Australia +61 8 6500 3271. consideration your personal objectives, financial situation or needs. This article may include references to our past investing performance. MINERAL RESOURCES LIMITED: 126,313,746: 8.11% The Company discovers, develops and operates gold projects within Australias premier gold districts in Victoria and Queensland. The Gladiator Gold Project consists of four exploration licenses located approximately 10 km northwest of Laverton in Western Australia. 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. (For the uninitiated, Ni stands for nickel, Cu is copper, while PGE stands for platinum group elements. 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. In this article, we will explain why we have invested in PUR now and the upside we see. Pursuit Minerals Ltd. is a mineral exploration and project development company. Pursuit Minerals Limited completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project. The Wubin tenement area contains widespread, but isolated, greenstone remnants. a measure of one basis point change in the futures price. The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. Copyright 2023 Surperformance. PUR increases the size and scale of its lithium project to a level that warrants putting it into production. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Navarre Minerals Limited is an Australia-based gold, silver and copper producer. Investment news, stock ideas, and more, straight to your inbox. Why uranium stocks are soaring, one good movie recommendation, Quick fire commentary on the six stocks making progress today, The thematics we are investing in right now, PUR first drill results are in - More coming in a few weeks, Market fluctuations and portfolio news and quick takes, Why stocks go into "Quiet Execution Mode", how to spot a cap raise, stock "Confession Season", Cash is King, Gold Stocks and Enough of VUL and EMN. 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. With the acquisition will come four highly prospective land positions (a mix of exploration licences and exploration licence applications), totalling 593 square kilometres. Pursuit Minerals (ASX: PUR) is developing an advanced lithium brine project in Argentina. Pursuit Minerals Ltd. is a mineral exploration and project development company. It focuses on advancing vanadium projects in the world-class mining jurisdictions of Finland and Sweden. PUR - Now a $31M advanced stage lithium stock, Why we invest in Oil & Gas and Precious Metals. 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. the Underlying Index. The discovery is shaping up to be a major deposit of critical metals for a clean energy future and includes palladium, nickel and copper. Past performance is not a reliable indicator of our future investing performance. 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. S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised To make the world Smarter, Happier, And Richer. Updated daily, it takes into 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. 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. Caution: This is early stage exploration, with no guarantee of success. May 1, 2023 | A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash Target our investor community with our suite of Hotcopper Advertising opportunities. It expects to complete its overall Warrior AEM survey before the end of March. With todays intraday moves taken into account, Pursuit Minerals shares are up 150% year to date. AProfilefor a commodities contract contains theContract Specifications. WebPURSUIT MINERALS LIMITED : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Australian Stock Analysts believe that now could be the time to add these shares to your portfolio May 1, 2023 | We like the current valuation of $10M market cap and having recently raised $2M the company appears reasonably funded going into exploration and drilling. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. PUR has a tiny market cap, and this is early stage exploration. 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. does not constitute personal advice and S3 has not taken into Fundamental company data and analyst estimates provided by FactSet. Bernd Struben earned his economics degree in the US. Entrepreneur life goes like that - you win some and lose some. We take a look at the ASX miners latest AEM results. Authorised by Bruce Jackson. 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. -, Pursuit Minerals Issues 3.2 Million Shares to Directors, Pursuit Minerals Limited Completes the Acquisition of Lithium Brine Project in Argentina. It explores projects including the Koitelainen project and Karhujupukka project Whats driving the Pursuit Minerals (ASX:PUR) share price 35% higher? 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 It explores projects including the Koitelainen project and Karhujupukka project located in Finland, Central Sweden projects and the Airijoki project located in Sweden. The company was founded in 2007 and is headquartered in Brisbane, Australia. End-of-day quote Australian Stock Exchange Based on this timeline, PUR could very well see a re-rate ahead of drilling. 1832 Asset Management L.P. is currently the largest shareholder, with 10.0% of shares outstanding. 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). A new 52-week high and massive share price volatility are driving some of the most-traded ASX shares today. WebAccess detailed premium company data for PUR - Pursuit Minerals Limited including Top 20 shareholders, Director Transactions and more. 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. The Pursuite Minerals share price is surging today after the company reported its preliminary AEM survey had detected five strong electromagnetic (EM) conductors. advice. 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. Any advice is general advice only. Australia's largest stock trading and investment forum, Algorithmic 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. Volume reflects consolidated markets. Here are the companies currently in the region including Chalice. PURs project sits inside an already established foreign resource estimate of 2.1mt lithium carbonate equivalent. The views of the author may not reflect the views of the AFSL holder. 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. Join our flagship membership service, Share Advisor. I'm taking the "L" and moving on. There is always a risk that market sentiment impacts PURs ability to raise capital. Objective #2: Pilot plant construction to show recovery potential. Sebastian Bowen. Pursuit Minerals Limited completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project. 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. Over the past Bullseye is being shut down. 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. Source: FactSet. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Lithium brine projects are highly dependent on different variables like weather, flow rates to surface and the variability of grades in the brines. The Commando Gold Project is 38 km north from Kalgoorlie Project. 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. Pursuit Minerals Ltd is an Australian mineral exploration and project development company. 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. The Profile page gives you general information about a symbol, whether it's about the company or the contract. 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. When Might Pursuit Minerals Run Out Of Money?
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