Corporate Directory - Pursuit Minerals has engaged Next Investors to provide this service. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. 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). PURs Warrior project is also located just 50km north-east of Chalice minings discovery in the new minerals province known as the Julimar Complex. does not constitute personal advice and S3 has not taken into Project sits inside an already giant resource. 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 Issues 3.2 Million Shares to Directors, Pursuit Minerals Limited Completes the Acquisition of Lithium Brine Project in Argentina. Sign Up for Take Stock Stocks: 15 20 minute delay (Cboe BZX is real-time), ET. 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. Pursuit Minerals The final data is expected by the middle of April. 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. Learn about investing with our Investing Education hub. HSBC CUSTODY NOMINEES LIMITED: 156,251,137: 10.04%: 2: 2. The Company discovers, develops and operates gold projects within Australias premier gold districts in Victoria and Queensland. Prior exploration focused on bauxite and the bedrock geology is not well known. The Company's projects include Warrior PGE-Ni-Cu Project, Commando Gold Project, Gladiator Gold Project, and Combatant PGE-Ni-Cu-Au Project. 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. 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. Argosy Minerals Ltd 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. Prior work within the tenement application area focused on identifying porphyry Cu-Mo deposits, similar to Caravel, which resulted in the discovery of a 14km long Cu-Au geochemical anomaly, at the Ablett prospect, associated with greenstone rocks of the Western Yilgarn province. Pursuit Minerals Ltd (ASX: PUR) shares are off to the races today, up more than 35% to 5 cents in afternoon trading. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. 2023 Barchart.com, Inc. All Rights Reserved. MINERAL RESOURCES LIMITED: 126,313,746: 8.11% Our bull/base/bear case expectations for the maiden JORC resource is as follows: Bull case = >100kt lithium carbonate equivalent. About the Data. The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. 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. We are hoping this re-rates the company to a market cap of >$1bn (similar to what peer company Argosy achieved). Dow Jones, a News Corp For stocks, all fundamental information is provided by Zachs Investment Research. It expects to complete its overall Warrior AEM survey before the end of March. Pursuit Minerals Ltd (PUR) Stock Price & Analysis - tipranks.com Pursuit Minerals Bear case = <50kt lithium carbonate equivalent. & Taxation. He moved to Australia in 2010, where he transitioned to analysing the Aussie equity markets. You can do it. Entrepreneur life goes like that - you win some and lose some. SMARTER, HAPPIER, AND RICHER. To receive ALL our alerts fill out your details below. Email: [emailprotected] The views of the author may not reflect the views of the AFSL holder. Youre viewing a single post only. Air core drilling commenced at its Warrior Project in WA. Our friendly customer service team will happily get back to you as soon as they can. WebPursuit Minerals Ltd is an Australian mineral exploration and project development company. 1832 Asset Management L.P. is currently the largest shareholder, with 10.0% of shares outstanding. 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. Shareholder percentage totals can add to more than 100% because some holders are included in the free float. International stock quotes are delayed as per exchange requirements. 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. Short sellers are gunning forthese ASX shares. Over the past year, the Pursuit Minerals share price is up 400%. Pursuit Minerals WebASX:PUR - Investor presentation, announcements, cashflow waterfall chart, news, capital raise history, & sector peers. PUR Stock Overview Pursuit Minerals Limited engages in the exploration and development of mineral properties in Australia. Pursuit Minerals Ltd is an Australian mineral exploration and project development company. to those objectives, financial situation and needs, before acting on the The Commando Gold Project is 38 km north from Kalgoorlie Project. Prior drilling focused on copper and gold and did not assay for PGEs. Minerals News | PURSUIT MINERALS Stock Price Today - Insider The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. 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. We participated in the $2M PUR cap raise (December 2022). Directors and Management -, Pursuit Minerals Issues 3.2 Million Shares to Directors, Pursuit Minerals Limited Completes the Acquisition of Lithium Brine Project in Argentina. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Contact Details: Our latest articles and strategies for the post-work life you want. PUR drilling again. (For the uninitiated, Ni stands for nickel, Cu is copper, while PGE stands for platinum group elements. Pursuit Minerals Ltd. is a mineral exploration and project development company. Objective #2: Pilot plant construction to show recovery potential. Individual aeromagnetic anomalies within this north-south linear belt are prospective for PGE-Ni-Cu mineralisation and will be the focus of initial exploration. advice. The Pursuit Minerals (ASX:PUR) share price is off to the races today, up 35%. Sebastian Bowen. Given the company is yet to commence producing any cashflows the need to raise capital may weigh on the companys share price. Target our investor community with our suite of Hotcopper Advertising opportunities. PUR is set to acquire the Warrior PGE-Nickel-Copper Project, nestled in the Western Gniess Terrane, sandwiched between CPN and CHN. The information contained in this article is current as at the publication date. Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months. WebRagusa Minerals Ltd (RAS, formerly SIV Asset Management Limited) operate in the mineral exploration sector focusing on exploration for gold and associated minerals. Chalice backed Caspin in its IPO taking a 10 per cent stake. 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. this thread Last trade - 15.51pm 01/05/2023 (20 minute delay). However, the geological structure appears to be quite complicated with significant folding and faulting of some of the narrower ultramafic units. It's not possible to publish a real-time Top 20 Shareholder list. A big thank you to everyone who registered on Bullseye and gave it a go. Accordingly you should consider how appropriate the advice (if any) is Who are the major shareholders and have insiders been buying or selling? Fundamental company data and analyst estimates provided by FactSet. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The Calingiri West tenement application, E70/5378), is located between the Julimar (Chalice Mines Limited) and Yarawindah (OZ Minerals Limited) Ni-Cu-PGE projects. 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. Any advice contained on this Website PUR.AX - Pursuit Minerals Ltd Stock Profile - Barchart.com What's driving the Pursuit Minerals (ASX:PUR) share Pursuit Minerals (ASX: PUR) is developing an advanced lithium brine project in Argentina. WebPursuit Minerals Limited (ASX:PUR) is a junior exploration company that is aiming to make a PGE-Nickel-Copper discovery in Western Australia. Pursuit Minerals Limited completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project. The Profile page gives you general information about a symbol, whether it's about the company or the contract. Pursuit Minerals ASX:PUR Stock Report - Simply Wall St Bernd Struben, Just one year ago Australias official cash rate stood at 0.10%. Lithium mineralisation is interpreted to extend down to depths of ~500m in depth leaving plenty of exploration upside for PUR to chase. PURs Warrior project is also 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. View PUR.AU financial statements in full. Ragusa Minerals Ltd Pursuit Minerals (ASX: PUR) latest news, share price, company information, stock chart and announcements on Australia's #1 site for investors, Small Caps. 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. Please seek your own independent professional advice before making any financial investment decision. Bernd Struben earned his economics degree in the US. 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. About the company Risk Analysis Due to the highly prospective nature of the five identified anomalies, the company has significantly extended the survey block. Data supplied by Morningstar and accurate on Sep 19, 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. Pursuit Minerals share price snapshot Patient shareholders in the junior miner have enjoyed a highly profitable 12 months and a great start to 2021. Pursuit Minerals chases high-grade gold project in Arizona Pursuit Minerals ( ASX: PUR) signed an exclusive option to acquire the Buck Mountain Gold Project, a gold-silver-platinum group metals (PGMs) project in Arizona, USA. Magnetic Resources Limited only completed limited surface sampling and drilling. 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. 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. consideration your personal objectives, financial situation or needs. 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. Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. Analysts believe that now could be the time to add these shares to your portfolio May 1, 2023 | 1,600% Gain Sparks Julimar Explorer Race - We Just Found the These ASX shares are starting the week in a positive fashion. Simon Taylor BSc, representative of LeMessurier Securities Pty Ltd (AFSL No. Past performance is not necessarily indicative of future returns. Surrounding companies have seen solid re-rates since entering the area. We note that hedge funds don't have a meaningful investment in Auteco Minerals. Following transfer of all tenements, an additional 10,000,000 shares will be issued to the vendor. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Stephens is a former director of Odin Metals Limited (formerly Lawson Gold Limited) (resigned February 2018), Mithril Resources Ltd (resigned May 2019) and Gooroo Ventures Limited (resigned January 2020). 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. It explores projects including the Koitelainen project and 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. Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. PUR increases the size and scale of its lithium project to a level that warrants putting it into production. To view the entire thread just sign in or Join Now (FREE), Australia's largest stock tradingand investment forum. 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. Now its 3.60%. 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. 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. DIRECTORS. PURSUIT MINERALS LIMITED : Shareholders Board Post acquisition PUR will have a fully diluted market cap of ~$31M, which is low compared to other lithium brine players Argosy Minerals ($828M). Before we go too far, a word of caution is required. 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. Whats driving the Pursuit Minerals (ASX:PUR) share price 35% higher? Pursuit Minerals Ltd is an Australian mineral exploration and project development company. Mr Bob Affleck Managing Director Mr Mark in the past year, with total shares outstanding growing by 173.5%. NICKEL COPPER PLATINUM GROUP ELEMENTS PGE, 1,600% Gain Sparks Julimar Explorer Race - We Just Found the Cheapest. There is always a risk that the market interest for lithium decreases and in turn appetite to invest in companies like PUR decreases. The company believes these have the potential to be due to PGE-Ni-Cu sulphide mineralisation. Recent Insider Transactions Insider Trading Volume Insider Buying: FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. The company has a number of unexplored magnetic and gravity anomalies, however it is yet to really test what's beneath the surface. Source: FactSet. Mandrakes shares doubled in the last month based on its work, while Devex has also traded strongly with its shares surging 50% in the last three weeks. The information contained in this article is general information and is for informational purposes only. Pursuit Minerals Limiteds (ASX:PUR consideration your personal objectives, financial situation or needs. Pursuit Minerals Ltd | LinkedIn WebPursuit Minerals Ltd. annual balance sheet for PUR.AU company financials. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. All rights reserved. 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 Pursuite Minerals share price is surging today after the company reported its preliminary AEM survey had detected five strong electromagnetic (EM) conductors. Its ground sits just 50km from CHNs PGE-nickel-copper discovery at Julimar. 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. 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. Funds, Oil & 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). In his free time, you're likely to find Bernd at the beach or dabbling away on a new work of science fiction. 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. Those persons acting upon information contained in this article do so entirely at their own risk. 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. Trading, Managed Futures and Forex: 10 or 15 minute delay, CT. Market Data powered by Barchart Solutions. WebTop 20 Shareholders About the Data Show All Shareholder Distribution As reported in the most recent Annual Report. For full detail of the tenements' geology and past exploration, please see PURs announcement here. PUR has a tiny market cap, and this is early stage exploration. EMX Royalty Corp We like the current valuation of $10M market cap and having recently raised $2M the company appears reasonably funded going into exploration and drilling. risk, allowing investors to make better decisions and streamline their work ow. Pursuit Minerals Limited (PUR, formerly Burrabulla 337927). Bullseye is being shut down. For personal use only
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