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. Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. About the company Risk Analysis Pursuit Minerals (ASX: PUR) is developing an advanced lithium brine project in Argentina. Past performance is not a reliable indicator of our future investing performance. 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. The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. It focuses on advancing vanadium projects in the world-class mining jurisdictions of Finland and Sweden. consideration your personal objectives, financial situation or needs. WebA substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. A stock's Profile page contains general information about the stock, such as Ticker Symbol, Exchange traded on, Company Contact Address/Phone, CEO/President, and Company Description. have bought more shares than they have sold in the past 3 months. View PUR.AU financial statements in full. The company believes these have the potential to be due to PGE-Ni-Cu sulphide mineralisation. Pursuit Minerals Ltd 246-250 Railway Parade Suite 4 Leederville WA 6007 AUS. With the acquisition will come four highly prospective land positions (a mix of exploration licences and exploration licence applications), totalling 593 square kilometres. We note that hedge funds don't have a meaningful investment in Auteco Minerals. PUR is the cheapest entry into the highly prolific Julimar region, Its Warrior Project is no more than 20km from Chalice Gold Mines Julimar Project, which has led to Chalice becoming one of the top performing companies on the ASX, with 1500% Total Shareholder Return (TSR) year-to-date, PUR is well funded with $2.5M in the bank for an aggressive exploration program. Its very early in PURs new project, but as always we may look to de-risk ~20% in the next 12 months in line with our trading policy, if the price materially re-rates on key milestones. Pursuit Minerals Ltd is an Australian mineral exploration and project development company. PURSUIT MINERALS LIMITED : Shareholders Board 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 a mineralised drill intersection on one or the Tenements of at least 10 metres of 2% nickel equivalent or better. Updated daily, it takes into a measure of one basis point change in the futures price. Over the past year, the Pursuit Minerals share price is up 400%. WebPursuit Minerals Ltd is an Australian mineral exploration and project development company. PUR will interpret the available aeromagnetic data to define corridors of aeromagnetic anomalies prospective of PGE-Ni-Cu mineralization. Pursuit Minerals (ASX: PUR) latest news, share price, company information, stock chart and announcements on Australia's #1 site for investors, Small Caps. 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. has engaged Next Investors to provide this service. Our bull/base/bear case expectations for the maiden JORC resource is as follows: Bull case = >100kt lithium carbonate equivalent. Should Pursuits Exploration Licence Applications (ELAs) be approved, its landholding will be four times that of the ELA comprising Mandrakes Jimperding Project. Any Mandrakes Jimperding Project lies approximately 30 kilometres east of Chalice. 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. An ETF Profile page also shows general information about the fund, but also adds information such as a link to the Fund Family. Pursuit Minerals Ltd. is a mineral exploration and project development company. 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. 296877). Even though the forum has been shut down, we have learned a great deal about the industry, from the inside out. Substantial Shareholders No Substantial Shareholders for does not constitute personal advice and S3 has not taken into 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. There is always a risk that the market interest for lithium decreases and in turn appetite to invest in companies like PUR decreases. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. He moved to Australia in 2010, where he transitioned to analysing the Aussie equity markets. Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months. 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. Any advice is general advice only. Before we go too far, a word of caution is required. 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). The company was founded in 2007 and is headquartered in Brisbane, Australia. does not constitute personal advice and S3 has not taken into PUR has a tiny market cap, and this is early stage exploration. 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 Commando Gold Project is 38 km north from Kalgoorlie Project. 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). MINERALS 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. In this article, we will explain why we have invested in PUR now and the upside we see. The information in this website is general information only. It explores projects including the Koitelainen project and Karhujupukka project TO MAKE THE WORLD Fundamental company data and analyst estimates provided by FactSet. PURs project sits inside an already established foreign resource estimate of 2.1mt lithium carbonate equivalent. Investment news, stock ideas, and more, straight to your inbox. Bullseye is being shut down. Low market cap relative to advanced peers. Inception Date, First Trade Date, and Leverage. WebPursuit Minerals Limited Suite 4, 246-250 Railway Parade West Leederville WA 6007 Australia +61 8 6500 3271. Dow Jones, a News Corp Tristan Harrison. Earlier during intraday trade, the Pursuit Minerals share price rallied by as much as 70% to 6.4 cents before retreating. Gabbro, dolerite and ultramafic rock types have been mapped and logged in drilling results, indicating that the tenement application area does contain the correct rocks to host PGE-Ni-Cu mineralisation. 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 Win at Retirement PUR increases the size and scale of its lithium project to a level that warrants putting it into production. Right-click on the chart to open the Interactive Chart menu. This brings with it potential future consolidation opportunities. Rank Top 20 Investors Number of Shares % Issued Capital; 1: 1. Pursuit Minerals 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. 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. account day-to-day movements in market value compared to a companys liability structure. S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised Pursuit Minerals Ltd - Fresh Equities In his free time, you're likely to find Bernd at the beach or dabbling away on a new work of science fiction. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. The business operating segment includes; Australian Projects, Norway projects, Finnish projects and Swedish projects. Our friendly customer service team will happily get back to you as soon as they can. WebPURSUIT MINERALS LIMITED : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Australian Stock Given Chalices success, it isnt surprising to see that the area has become a hot spot for investors. Join Our Premium Community Contact Details: For personal use only 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. We disclose the securities held in relation to a particular company that we provide commentary on. Pursuit Minerals Ltd (PUR) Stock Price & News - Google Finance Sebastian Bowen. Fundamental data provided by Zacks and Morningstar. 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. Since CHNs discovery, the company has taken up most of the ground in the province, leaving limited options for other companies to take a position. Sign Up for Take Stock Barchart is committed to ensuring digital accessibility for individuals with disabilities. Dominion Mining previously collected over 3,389 auger geochemical samples and drilled 41 aircore holes totalling 1,384m of aircore drilling. Objective #3: Complete either a definitive feasibility or bankable feasibility study (DFS/BFS). Here are the companies currently in the region including Chalice. To view the entire thread just sign in or Join Now (FREE), Australia's largest stock tradingand investment forum. Specifications include: Ratios for equities display the following information: Jump-Start Your Search For Promising Trade Ideas With Barcharts Top Stock Pick. Please seek your own independent professional advice before making any financial investment decision. 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. Prior exploration focused on bauxite and the bedrock geology is not well known. Thats where it will really start to get interesting for PUR investors.