So, what can ASX 200 investors. Please seek your own independent professional advice before making any financial investment decision. Do Not Sell or Share My Personal Information. Managing a market crash - lessons from March 2020. To receive ALL our alerts fill out your details below. These same anomalies are known to host the PGE-Ni-Cu mineralisation at the Chalice Mining Ltd (ASX: CHN) Julimar Project. in the past year, with total shares outstanding growing by 173.5%. Thats where it will really start to get interesting for PUR investors. DIRECTORS. This is a high risk, high reward investment. PURs ground sits inside an area where another company has already defined a foreign resource of 2.1mt lithium carbonate equivalent. 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). We want to see PUR drill to depths of ~500m where mineralisation is interpreted to extend to. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Shareholding changes less than 1% do not require notification to the market. 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. Pursuit Minerals Limited completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project. 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. It explores projects including the Koitelainen project and Karhujupukka project 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. 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 Simon Taylor BSc, We are hoping this re-rates the company to a market cap of >$1bn (similar to what peer company Argosy achieved). Join thousands of other Investors following our stock commentary for Free, Interested in more investment opportunities? Past performance is not necessarily indicative of future returns. These ASX shares are having a tough start to the week. Over the past Prior drilling focused on copper and gold and did not assay for PGEs. 296877). The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. Low market cap relative to advanced peers. Any advice is general advice only. We participated in the $2M PUR cap raise (December 2022). For stocks, all fundamental information is provided by Zachs Investment Research. 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. Whats driving the Pursuit Minerals (ASX:PUR) share price 35% higher? S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised the Underlying Index. Bullseye is being shut down. In this article, we will explain why we have invested in PUR now and the upside we see. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. 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 Pursuit Minerals Limited completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project. The Gladiator Gold Project consists of four exploration licenses located approximately 10 km northwest of Laverton in Western Australia. 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. 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. The ultimate aim of the drilling program will be to establish a maiden JORC resource estimate for its project. 2000 - 2023 HotCopper. Join our flagship membership service, Share Advisor. 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. 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. The YTD, 1-3- and 5-Year Returns are adjusted for dividends and splits. The Gladiator Gold Project consists of four exploration licenses located approximately 10 km northwest of Laverton in Western Australia. Pursuit Minerals Limited (ASX:PUR) is a junior exploration company that is aiming to make a PGE-Nickel-Copper discovery in Western Australia. 296877). a measure of one basis point change in the futures price. WebA substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Any advice contained on this Website James Mickleboro. 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. To view the entire thread just sign in or Join Now (FREE), Australia's largest stock tradingand investment forum. Investment news, stock ideas, and more, straight to your inbox. WebSummit Minerals Limited (SUM) is an Australian-focused ASX-listed battery mineral exploration company with a portfolio of projects in demand-driven commodities. 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. 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. Pursuit Minerals Ltd 246-250 Railway Parade Suite 4 Leederville WA 6007 AUS. 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. The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. Australia's largest stock trading and investment forum, Algorithmic Inception Date, First Trade Date, and Leverage. Recent Insider Transactions Insider Trading Volume Insider Buying: 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. Our bull/base/bear case expectations for the maiden JORC resource is as follows: Bull case = >100kt lithium carbonate equivalent. Looking at the acquisition terms, we think they are very reasonable for PUR shareholders. Known as the Julimar Complex, Chalices discovery was Australias first major palladium discovery, in an entirely new minerals province. Base case = 50-100kt lithium carbonate equivalent. balance sheet and inputs from the stock market. This article may include references to our past investing performance. The Wubin tenement (E70/5493), granted in November 2020, was previously explored for iron deposits by Magnetic Resources NL in 2010. With the acquisition will come four highly prospective land positions (a mix of exploration licences and exploration licence applications), totalling 593 square kilometres. Its ground sits just 50km from CHNs PGE-nickel-copper discovery at Julimar. 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. 296877). to those objectives, financial situation and needs, before acting on the Prior exploration focused on bauxite and the bedrock geology is not well known. As noted earlier, Devex Resources Limited (ASX: DEV) and Mandrake Resources Ltd (ASX: MAN) have made very successful forays into the area. 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. SMARTER, HAPPIER, AND RICHER. Pursuit Minerals Ltd. is a mineral exploration and project development company. To make the world Smarter, Happier, And Richer. PUR is set to acquire the Warrior PGE-Nickel-Copper Project, nestled in the Western Gniess Terrane, sandwiched between CPN and CHN. PUR drilling again. Gas, Tax WebPursuit Minerals Ownership Who are the major shareholders and have insiders been buying or selling? Over the past year, the Pursuit Minerals share price is up 400%. For full detail of the tenements' geology and past exploration, please see PURs announcement here. Any advice contained on this Website 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. This brings with it potential future consolidation opportunities. Entrepreneur life goes like that - you win some and lose some. In his free time, you're likely to find Bernd at the beach or dabbling away on a new work of science fiction. Barchart is committed to ensuring digital accessibility for individuals with disabilities. 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. WebPursuit Minerals Limited Suite 4, 246-250 Railway Parade West Leederville WA 6007 Australia +61 8 6500 3271. 40 more messages in Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest. Please read our Financial Services Guide before deciding whether to obtain financial services from us. The Motley Fool Australia has no position in any of the stocks mentioned. Earlier during intraday trade, the Pursuit Minerals share price rallied by as much as 70% to 6.4 cents before retreating. Sign Up for Take Stock Here are the companies currently in the region including Chalice. PUR has a tiny market cap, and this is early stage exploration. He moved to Australia in 2010, where he transitioned to analysing the Aussie equity markets. Next Investors invests in companies and shares updates, and commentary on their business execution and progress. 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. Pursuit Minerals Ltd (ASX: PUR) shares are off to the races today, up more than 35% to 5 cents in afternoon trading. Source: Kantar Media. The information in this website is general information only. Caution: This is early stage exploration, with no guarantee of success.