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. It is becoming increasingly apparent that the prospective mafic rocks discovered to date are far more widespread than previously thought. Objective #3: Complete either a definitive feasibility or bankable feasibility study (DFS/BFS). 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. Our friendly customer service team will happily get back to you as soon as they can. We want to see PUR drill to depths of ~500m where mineralisation is interpreted to extend to. Secure and increase the performance of your investments with our team of experts at your side. Over the past The YTD, 1-3- and 5-Year Returns are adjusted for dividends and splits. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Low market cap relative to advanced peers. 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. WebPURSUIT MINERALS LIMITED : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Australian Stock The soaring share price comes following the companys announcement of promising airborne electromagnet (AEM) data from its Calingiri East exploration licence on the Warrior PGE-Ni-Cu project in Western Australia. S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised 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. I took on HotCopper and Lost. Base case = 50-100kt lithium carbonate equivalent. in the past year, with total shares outstanding growing by 173.5%. WebPursuit Minerals Ownership Who are the major shareholders and have insiders been buying or selling? Pursuit Minerals Ltd. is a mineral exploration and project development company. For stocks, all fundamental information is provided by Zachs Investment Research. The Motley Fool has a disclosure policy. To have defined focussed quality targets from the preliminary data is very encouraging and we look forward to identifying further targets from the remainder of the Warrior AEM survey and then drill testing the highest priority targets as soon as practicable. The Pursuit Minerals (ASX:PUR) share price is off to the races today, up 35%. 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. 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. PUR is set to acquire the Warrior PGE-Nickel-Copper Project, nestled in the Western Gniess Terrane, sandwiched between CPN and CHN. Trading, Managed We respectfully acknowledge the Traditional Custodians of the land where we live and work and pay our respects to all Elders, past and present, of all Aboriginal and Torres Strait Islander nations. 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 Over the past year, the Pursuit Minerals share price is up 400%. 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 Pursuite Minerals share price is surging today after the company reported its preliminary AEM survey had detected five strong electromagnetic (EM) conductors. The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. Prior exploration focused on bauxite and the bedrock geology is not well known. To receive ALL our alerts fill out your details below. These ASX shares are starting the week in a positive fashion. 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. The business operating segment includes; Australian Projects, Norway projects, Finnish projects and Swedish projects. WebPursuit Minerals Ltd. annual balance sheet for PUR.AU company financials. It explores projects including the Koitelainen project and Bernd Struben earned his economics degree in the US. Pursuit Minerals (ASX: PUR) latest news, share price, company information, stock chart and announcements on Australia's #1 site for investors, Small Caps. 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. representative of LeMessurier Securities Pty Ltd (AFSL No. 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. In this article, we will explain why we have invested in PUR now and the upside we see. consideration your personal objectives, financial situation or needs. Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. Here are the most important events to keep an eye on for the sake of your stock portfolio. Individual aeromagnetic anomalies within this north-south linear belt are prospective for PGE-Ni-Cu mineralisation and will be the focus of initial exploration. 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. Learn More. Past performance is not a reliable indicator of our future investing performance. DIRECTORS. We disclose the securities held in relation to a particular company that we provide commentary on. We note that hedge funds don't have a meaningful investment in Auteco Minerals. Fundamental company data and analyst estimates provided by FactSet. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Pursuit Minerals Ltd is an Australian mineral exploration and project development company. That compares to a 3% loss on the All Ordinaries Index (ASX: XAO). Having identified the prospective mafic and ultramafic intrusions, electromagnetic surveys will be conducted over the source of the aeromagnetic anomalies to generate drilling targets. 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. 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). PUR has a tiny market cap, and this is early stage exploration. With lithium brines responsible for almost half of the world's lithium production, PUR offers us exposure to a strong macro theme with a differentiated project style. 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 Combatant PGE-Ni-Cu Project lies approximately 270 km northeast from Geraldton and 210 km west of Meekatharra. There is currently extensive interest in the Julimar region. 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. Moodys Daily Credit Risk Score is a 1-10 score of a companys credit risk, based on an analysis of the firms 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. NICKEL COPPER PLATINUM GROUP ELEMENTS PGE, 1,600% Gain Sparks Julimar Explorer Race - We Just Found the Cheapest. International stock quotes are delayed as per exchange requirements. Who are the major shareholders and have insiders been buying or selling? 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. 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 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. It explores projects including the Koitelainen project and Karhujupukka project located in Finland, Central Sweden projects and the Airijoki project located in Sweden. 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. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list. 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 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). Stocks: 15 20 minute delay (Cboe BZX is real-time), ET. Pursuit Minerals Limited (PUR, formerly Burrabulla The Company discovers, develops and operates gold projects within Australias premier gold districts in Victoria and Queensland. We take a look at the ASX miners latest AEM results. 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. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). Get expert stock analysis direct in your inbox. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Now its 3.60%. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. Magnetic Resources Limited only completed limited surface sampling and drilling. With todays intraday moves taken into account, Pursuit Minerals shares are up 150% year to date. 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. -, Pursuit Minerals Issues 3.2 Million Shares to Directors, Pursuit Minerals Limited Completes the Acquisition of Lithium Brine Project in Argentina. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. The ultimate aim of the drilling program will be to establish a maiden JORC resource estimate for its project. This brings with it potential future consolidation opportunities. 86% of retail CFD accounts lose money, EQS-News: Pursuit Minerals Ltd sees path to production with new lithium project, Registration on or use of this site constitutes acceptance of our. 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. Updated daily, it takes into Objective #2: Pilot plant construction to show recovery potential. These same anomalies are known to host the PGE-Ni-Cu mineralisation at the Chalice Mining Ltd (ASX: CHN) Julimar Project. WebPursuit Minerals Limited and Consolidated Entities 1 DIRECTORS Peter Wall Non-Executive Chairman Jeremy Read Managing Director Matthew OKane Non-Executive Director SECRETARY Stephen Kelly REGISTERED AND BUSINESS OFFICE Level 14 167 Eagle Street Brisbane QLD 4000 Telephone: +61 7 3854 2388 WEBSITE & EMAIL PUR drilling again. Get Started Investing HSBC CUSTODY NOMINEES LIMITED: 156,251,137: 10.04%: 2: 2. Any advice is general advice only. 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. Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months. 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. (For the uninitiated, Ni stands for nickel, Cu is copper, while PGE stands for platinum group elements. All rights reserved. Pursuit Minerals (ASX:PUR) Specifications include: Ratios for equities display the following information: Jump-Start Your Search For Promising Trade Ideas With Barcharts Top Stock Pick. Bullseye is being shut down. 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. & Taxation. Accordingly you should consider how appropriate the advice (if any) is Any advice contained on this Website ONE, VUL all grown up BPM, LCL finding targets. Should Pursuits Exploration Licence Applications (ELAs) be approved, its landholding will be four times that of the ELA comprising Mandrakes Jimperding Project. The Wubin tenement (E70/5493), granted in November 2020, was previously explored for iron deposits by Magnetic Resources NL in 2010. We like the current valuation of $10M market cap and having recently raised $2M the company appears reasonably funded going into exploration and drilling. Lithium is currently trading at all time-highs. The Gladiator Gold Project consists of four exploration licenses located approximately 10 km northwest of Laverton in Western Australia. Recent Insider Transactions Insider Trading Volume Insider Buying: Project sits inside an already giant resource. 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. As they were exploring for iron, Magnetic Resources focused their exploration on outcrops of Banded Iron Formations (BIF) and high amplitude aeromagnetic anomalies, which could be due to BIFs. Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 173.5%. With the acquisition will come four highly prospective land positions (a mix of exploration licences and exploration licence applications), totalling 593 square kilometres. The final data is expected by the middle of April. 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. Should you wish to stay in touch and follow the journey, follow me onLinked In or Twitter.To your investing success!Catch you 'round like a rissole.Kurt. -, Pursuit Minerals Issues 3.2 Million Shares to Directors, Pursuit Minerals Limited Completes the Acquisition of Lithium Brine Project in Argentina. Please read our Financial Services Guide before deciding whether to obtain financial services from us. Those are comprised of palladium (Pd), iridium (Ir), osmium (Os), rhodium (Rh) and ruthenium (Ru).). Past performance is not necessarily indicative of future returns. The discovery is shaping up to be a major deposit of critical metals for a clean energy future and includes palladium, nickel and copper. The Gladiator Gold Project consists of four exploration licenses located approximately 10 km northwest of Laverton in Western Australia. Any a measure of one basis point change in the futures price. Pursuit Minerals (ASX: PUR) is developing an advanced lithium brine project in Argentina. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. Contact Details: The Commando Gold Project is 38 km north from Kalgoorlie Project. Accordingly you should consider how appropriate the advice (if any) is Phone: (03) 8592 4841 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. WebMr. Please seek your own independent professional advice before making any financial investment decision. PURs Warrior project is also The Profile page gives you general information about a symbol, whether it's about the company or the contract. View PUR.AU financial statements in full. PURs project sits in a region home to ~50% of global lithium supply, dubbed the lithium triangle of Argentina. Hear our experts take on shares, the market & how to invest. Barchart is committed to ensuring digital accessibility for individuals with disabilities. Post acquisition PUR will have a fully diluted market cap of ~$31M, which is low compared to other lithium brine players Argosy Minerals ($828M). Pursuit Minerals Ltd is an Australian mineral exploration and project development company. Data supplied by Morningstar and accurate on Sep 19, To view the entire thread just sign in or Join Now (FREE), Australia's largest stock tradingand investment forum. MINERAL RESOURCES LIMITED: 126,313,746: 8.11% 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 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. Kingsgate conducted further follow-up drilling with 53 aircore holes. The information in this website is general information only. Join thousands of other Investors following our stock commentary for Free, Interested in more investment opportunities? balance sheet and inputs from the stock market. The views of the author may not reflect the views of the AFSL holder. Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. advice. All Rights Reserved. The Combatant PGE-Ni-Cu Project lies approximately 270 km northeast from Geraldton and 210 km west of Meekatharra. These stronger EM conductors, Pursuit Minerals states, are associated with magnetic anomalies interpreted to be due to mafic or ultramafic intrusive rocks. All rights reserved. All rights reserved. James Mickleboro. A few new ideas could spring from the original idea of Bullseye to help investors. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. The company was founded in 2007 and is headquartered in Brisbane, Australia. SMARTER, HAPPIER, AND RICHER. Our latest articles and strategies for the post-work life you want. Air core drilling commenced at its Warrior Project in WA. 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.

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