representative of LeMessurier Securities Pty Ltd (AFSL No. advice. Right-click on the chart to open the Interactive Chart menu. Our latest articles and strategies for the post-work life you want. WebUpon exercise of the option, Pursuit will issue up to 20 million additional shares, capped at 9.9% of the issued and outstanding shares of PUR. Lithium mineralisation is interpreted to extend down to depths of ~500m in depth leaving plenty of exploration upside for PUR to chase. By clicking this button, you agree to our. View PUR.AU financial statements in full. PUR is set to acquire the Warrior PGE-Nickel-Copper Project, nestled in the Western Gniess Terrane, sandwiched between CPN and CHN. 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. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. 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. The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. Stock summary - Australian Stock Market - Small Caps For full detail of the tenements' geology and past exploration, please see PURs announcement here. Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. Pursuit Minerals Ltd (ASX: PUR) shares have been placed in a trading halt pending a capital raise. 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. The 1-3- and 5-Year Returns are adjusted for splits. (For the uninitiated, Ni stands for nickel, Cu is copper, while PGE stands for platinum group elements. PUR pursuit minerals ltd Ann: Top 20 Shareholders ASX News 851 23/08/17 18:27 Post #: 26703681 Share Release Date: 23/08/17 18:07 Summary: Top 20 Pursuit Minerals Limited Insider Trading & Ownership Structure The Profile page gives you general information about a symbol, whether it's about the company or the contract. 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. The result of this discovery has led to a field of ASX explorers taking up some ground, hoping to make their own. ASX Company Page | The Market Herald consideration your personal objectives, financial situation or needs. The ultimate aim of the drilling program will be to establish a maiden JORC resource estimate for its project. The Wubin tenement area contains widespread, but isolated, greenstone remnants. 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. Given the current low market cap, we intend to hold stock into drilling and ideally lighten our position (at multiples of current share price) in the lead up to drilling. Over the past PUR has a tiny market cap, and this is early stage exploration. Follow-up electromagnetic surveys and soil geochemical sampling will be completed in order to define and prioritise drill targets. Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. Pursuit Minerals share price snapshot Patient shareholders in the junior miner have enjoyed a highly profitable 12 months and a great start to 2021. To view the entire thread just sign in or Join Now (FREE), Australia's largest stock tradingand investment forum. 2000 - 2023 HotCopper. 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. The final data is expected by the middle of April. Phone: (03) 8592 4841 There is always a risk that PURs project doesn't meet the levels required for its project to be operated commercially. 337927). The project includes well defined magnetic anomalies ready for geophysical surveys to define drill targets. Pursuit Minerals Ltd (PUR) Stock Price & Analysis - tipranks.com Copyright FactSet Research Systems Inc. All rights reserved. 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 DIRECTORS. I took on HotCopper and Lost. Any advice is general advice only. advice is general advice only. advice. Pursuit Minerals ASX:PUR Stock Report - Simply Wall St For stocks, all fundamental information is provided by Zachs Investment Research. However, half of the drill holes intercepted mafic rocks, anomalous in Au, Cu, As and W, which is a positive indication as mafic rocks are associated with PGE-Ni-Cu mineralisation at Gonneville. PUR increases the size and scale of its lithium project to a level that warrants putting it into production. 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. May 1, 2023 | Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. Accordingly you should consider how appropriate the advice (if any) is ONE, VUL all grown up BPM, LCL finding targets. S3 Consortium Pty Ltd (S3, we, us, our) (CAR No. WebPursuit Minerals Ltd is an Australian mineral exploration and project development company. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. 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. S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised Individual aeromagnetic anomalies within this north-south linear belt are prospective for PGE-Ni-Cu mineralisation and will be the focus of initial exploration. Authorised by Bruce Jackson. Pursuit Minerals HSBC CUSTODY NOMINEES LIMITED: 156,251,137: 10.04%: 2: 2. The YTD, 1-3- and 5-Year Returns are adjusted for dividends and splits. 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. WebRagusa Minerals Ltd (RAS, formerly SIV Asset Management Limited) operate in the mineral exploration sector focusing on exploration for gold and associated minerals. Change value during other periods is calculated as the difference between the last trade and the most recent settle. -, Pursuit Minerals Issues 3.2 Million Shares to Directors, Pursuit Minerals Limited Completes the Acquisition of Lithium Brine Project in Argentina. 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). Corporate Directory - Pursuit Minerals Top 20 Shareholders. 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. 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. Pursuit Minerals WebPursuit Minerals Limited Suite 4, 246-250 Railway Parade West Leederville WA 6007 Australia +61 8 6500 3271. PUR Stock Overview Pursuit Minerals Limited engages in the exploration and development of mineral properties in Australia. Prior drilling focused on copper and gold and did not assay for PGEs. Bullseye | PUR - Pursuit Minerals Limited - Premium Company Data The views of the author may not reflect the views of the AFSL holder. Lithium is currently trading at all time-highs. The Company's projects include Warrior PGE-Ni-Cu Project, Commando Gold Project, Gladiator Gold Project, and Combatant PGE-Ni-Cu-Au Project. The Commando Gold Project is 38 km north from Kalgoorlie Project. CHN is up over 1,600% since January, and is currently capped at $1.2BN - one of the top performing companies on the ASX this year. 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. Given Chalices success, it isnt surprising to see that the area has become a hot spot for investors. Data may be intentionally delayed pursuant to supplier requirements. Earlier during intraday trade, the Pursuit Minerals share price rallied by as much as 70% to 6.4 cents before retreating. 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 In his free time, you're likely to find Bernd at the beach or dabbling away on a new work of science fiction. News | PURSUIT MINERALS Stock Price Today - Insider 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). 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. We want to see PUR drill to depths of ~500m where mineralisation is interpreted to extend to. Most of the drilling in the Rio Grande salar (salt lake) has been down to depths of ~100m. 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. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. The Motley Fool has a disclosure policy. 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.
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