The four tenements that make up the Warrior PGE-Nickel-Copper Project are: The first tenement, Calingiri West (E70/5379) is located 10km south of the >600 Million tonne Caravel Cu-Mo project. Any Join thousands of other Investors following our stock commentary for Free, Interested in more investment opportunities? Tristan Harrison. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. 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. Recent Insider Transactions Insider Trading Volume Insider Buying: 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. Learn More. Dow Jones, a News Corp These same anomalies are known to host the PGE-Ni-Cu mineralisation at the Chalice Mining Ltd (ASX: CHN) Julimar Project. 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 result of this discovery has led to a field of ASX explorers taking up some ground, hoping to make their own. That compares to a 3% loss on the All Ordinaries Index (ASX: XAO). Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Kingsgate conducted further follow-up drilling with 53 aircore holes. Navarre Minerals Limited is an Australia-based gold, silver and copper producer. 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. Pursuit Minerals Ltd (PUR) Stock Price & Analysis - tipranks.com Barchart shows different data on the Profile page, depending on the symbol's asset type. These ASX shares are having a tough start to the week. The Commando Gold Project is 38 km north from Kalgoorlie Project. 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). Learn about investing with our Investing Education hub. A few new ideas could spring from the original idea of Bullseye to help investors. PUR drilling again. The business operating segment includes; Australian Projects, Norway projects, Finnish projects and Swedish projects. Investment news, stock ideas, and more, straight to your inbox. Rank Top 20 Investors Number of Shares % Issued Capital; 1: 1. Known as the Julimar Complex, Chalices discovery was Australias first major palladium discovery, in an entirely new minerals province. 2023 Barchart.com, Inc. All Rights Reserved. Phone: (03) 8592 4841 Argosy Minerals Ltd It explores projects including the Koitelainen project and For stocks, all fundamental information is provided by Zachs Investment Research. 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 are hoping this re-rates the company to a market cap of >$1bn (similar to what peer company Argosy achieved). 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). Pursuit Minerals Ltd. is a mineral exploration and project development company. The Company's projects include Warrior PGE-Ni-Cu Project, Commando Gold Project, Gladiator Gold Project, and Combatant PGE-Ni-Cu-Au Project. It focuses on advancing vanadium projects in the world-class mining jurisdictions of Finland and Sweden. The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. Thats where it will really start to get interesting for PUR investors. Data may be intentionally delayed pursuant to supplier requirements. 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. PUR will interpret the available aeromagnetic data to define corridors of aeromagnetic anomalies prospective of PGE-Ni-Cu mineralization. There is always a risk that PURs project doesn't meet the levels required for its project to be operated commercially. Shareholder percentage totals can add to more than 100% because some holders are included in the free float. Email: [emailprotected] Whats driving the Pursuit Minerals (ASX:PUR) share price 35% higher? May 1, 2023 | Earlier this year, Chalice Gold Mines Ltd (ASX: CHN) made a groundbreaking discovery that sent its share price soaring. Source: FactSet. 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. EMX Royalty Corp Source: Kantar Media. 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. Analysts believe that now could be the time to add these shares to your portfolio May 1, 2023 | 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. Pursuit Minerals Limited completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project. 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. Prior drilling focused on copper and gold and did not assay for PGEs. Copyright FactSet Research Systems Inc. All rights reserved. Past performance is not necessarily indicative of future returns. 40 more messages in The Gladiator Gold Project consists of four exploration licenses located approximately 10 km northwest of Laverton in Western Australia. 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). WebPursuit Minerals Limited (ASX:PUR) is a junior exploration company that is aiming to make a PGE-Nickel-Copper discovery in Western Australia. 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. Updated daily, it takes into a measure of one basis point change in the futures price. About the company Risk Analysis Its ground sits just 50km from CHNs PGE-nickel-copper discovery at Julimar. Currently, RAS is focusing on its flagship project Lonely Mine Project. Prior exploration focused on bauxite and the bedrock geology is not well known. 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 1,600% Gain Sparks Julimar Explorer Race - We Just Found the Individual aeromagnetic anomalies within this north-south linear belt are prospective for PGE-Ni-Cu mineralisation and will be the focus of initial exploration. Any advice contained on this Website Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. PUR.AU | Pursuit Minerals Ltd. Financial Statements - WSJ Pursuit Minerals Ltd (ASX: PUR) shares are off to the races today, up more than 35% to 5 cents in afternoon trading. The Combatant PGE-Ni-Cu Project lies approximately 270 km northeast from Geraldton and 210 km west of Meekatharra. 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. 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. However, the geological structure appears to be quite complicated with significant folding and faulting of some of the narrower ultramafic units. For full detail of the tenements' geology and past exploration, please see PURs announcement here. Corporate Directory - Pursuit Minerals Pursuit Minerals DIRECTORS. Simon Taylor BSc, Pursuit Minerals Ltd is an Australian mineral exploration and project development company. Please remember that investments can go up and down. The Wubin tenement area contains widespread, but isolated, greenstone remnants. PUR - Pursuit Minerals Stock summary - Australian Stock Market - Small Caps 1832 Asset Management L.P. is currently the largest shareholder, with 10.0% of shares outstanding. Join thousands of other Investors following our stock commentary for Free, Interested in more investment opportunities? 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. Next Investors invests in companies and shares updates, and commentary on their business execution and progress. 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. has engaged Next Investors to provide this service. This article may include references to our past investing performance. S3 Consortium Pty Ltd (S3, we, us, our) (CAR No. It explores projects including the Koitelainen project and Karhujupukka project [[ data.eventTime | date: 'EEE, MMM dd, yyyy h:mm a' ]] [[ zone ]]. Fundamental company data and analyst estimates provided by FactSet. We note that hedge funds don't have a meaningful investment in Auteco Minerals. 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. Delayed Australian Stock Exchange The Pursuite Minerals share price is surging today after the company reported its preliminary AEM survey had detected five strong electromagnetic (EM) conductors. The project includes well defined magnetic anomalies ready for geophysical surveys to define drill targets. Contact Details: The company believes these have the potential to be due to PGE-Ni-Cu sulphide mineralisation. Shareholding changes less than 1% do not require notification to the market. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Entrepreneur life goes like that - you win some and lose some. 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. The aeromagnetic data suggests that the ultramafic rocks prospective for PGE-Ni-Cu mineralisation are more widespread than indicated by surface outcrops. Minerals Pursuit Minerals (ASX:PUR) - Next Investors Pursuit Minerals Ltd (ASX: PUR) shares have been placed in a trading halt pending a capital raise. WebTop 20 Shareholders About the Data Show All Shareholder Distribution As reported in the most recent Annual Report. A big thank you to everyone who registered on Bullseye and gave it a go. The final data is expected by the middle of April. View PUR.AU financial statements in full. WebAccess detailed premium company data for PUR - Pursuit Minerals Limited including Top 20 shareholders, Director Transactions and more. Funds, Oil & Secure and increase the performance of your investments with our team of experts at your side. 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. Ragusa Minerals Ltd The company was founded in 2007 and is headquartered in Brisbane, Australia. 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. ONE, VUL all grown up BPM, LCL finding targets. consideration your personal objectives, financial situation or needs. Any advice contained on this Website No hard feelings, it has been a fun and interesting ride.The goal was to build a better investing forum that educates and helps investors by promoting great content from great minds. 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. We are continuously working to improve our web experience, and encourage users to. 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 Its projects include Mt Carlton, Stawell Corridor Gold, St Arnaud Gold, Jubilee Gold, Tandarra Gold and Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. This is a high risk, high reward investment. For more information please see our Financial Services Guide. balance sheet and inputs from the stock market. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. The discovery is shaping up to be a major deposit of critical metals for a clean energy future and includes palladium, nickel and copper. NICKEL COPPER PLATINUM GROUP ELEMENTS PGE, 1,600% Gain Sparks Julimar Explorer Race - We Just Found the Cheapest. A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash Any Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. -, Pursuit Minerals Issues 3.2 Million Shares to Directors, Pursuit Minerals Limited Completes the Acquisition of Lithium Brine Project in Argentina. The Wubin tenement (E70/5493), granted in November 2020, was previously explored for iron deposits by Magnetic Resources NL in 2010. PUR Stock Overview Pursuit Minerals Limited engages in the exploration and development of mineral properties in Australia. 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. Given the company is yet to commence producing any cashflows the need to raise capital may weigh on the companys share price. He moved to Australia in 2010, where he transitioned to analysing the Aussie equity markets. PURs Warrior project is also For personal use only All rights reserved. Mr Bob Affleck Managing Director Mr Mark Should Pursuits Exploration Licence Applications (ELAs) be approved, its landholding will be four times that of the ELA comprising Mandrakes Jimperding Project. WebPursuit Minerals Ownership Who are the major shareholders and have insiders been buying or selling? The Motley Fool Australia operates under AFSL 400691. Pursuit Minerals Ltd (ASX:PUR) Share Price - Market Index 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. 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. 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. Those persons acting upon information contained in this article do so entirely at their own risk. Pursuit Minerals Limited (PUR, formerly Burrabulla So, what can ASX 200 investors. 337927). 296877). 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. The Company's projects include Warrior PGE-Ni-Cu Volume reflects consolidated markets. Project sits inside an already giant resource. Bernd Struben, Just one year ago Australias official cash rate stood at 0.10%. It explores projects including the Koitelainen project and Karhujupukka project located in Finland, Central Sweden projects and the Airijoki project located in Sweden. 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. consideration your personal objectives, financial situation or needs. Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 173.5%. Pursuit Minerals Ltd | LinkedIn Futures and Forex: 10 or 15 minute delay, CT. Market Data powered by Barchart Solutions. 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 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. Any advice is general advice only. 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. Pursuit Minerals Ltd is an Australian mineral exploration and project development company. To receive ALL our alerts fill out your details below. 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. HSBC CUSTODY NOMINEES LIMITED: 156,251,137: 10.04%: 2: 2. The company has a number of unexplored magnetic and gravity anomalies, however it is yet to really test what's beneath the surface. May 1, 2023 | Bullseye is being shut down. in the past year, with total shares outstanding growing by 173.5%. Post acquisition PUR will have a fully diluted market cap of ~$31M, which is low compared to other lithium brine players Argosy Minerals ($828M). 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. 296877). 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. WebPursuit Minerals Limited (former Burrabulla Corporation Limited, ASX: BUA) is a mineral exploration and project development company advancing copper, zinc and vanadium projects in world-class metals provinces.
With zinc projects in the heart of the Mt Isa Super Basin, Pursuit Minerals is uniquely placed to deliver value as it seeks to discover 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. Get expert stock analysis direct in your inbox. With the acquisition will come four highly prospective land positions (a mix of exploration licences and exploration licence applications), totalling 593 square kilometres. When Might Pursuit Minerals Run Out Of Money? We want to see the company build and operate a pilot plant to show that it can produce lithium carbonate from its project efficiently. PUR.AX - Pursuit Minerals Ltd Stock Profile - Barchart.com The area remains underexplored for base and precious metals due to lack of outcrop, predominance of farmland and the prior focus of exploration companies on bauxite and iron. Target our investor community with our suite of Hotcopper Advertising opportunities. All rights reserved. the Underlying Index. 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. Fundamental data provided by Zacks and Morningstar. PURs ground sits inside an area where another company has already defined a foreign resource of 2.1mt lithium carbonate equivalent. WebGet the latest Pursuit Minerals Ltd (PUR) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment 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. Join our flagship membership service, Share Advisor. representative of LeMessurier Securities Pty Ltd (AFSL No. You can do it. 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. 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. The Company has been engaged by PUR to share our commentary on the progress of our Investment in PUR over time. Given Chalices success, it isnt surprising to see that the area has become a hot spot for investors. He employs a combination of macro economics and company specific data to gauge what he believes are tomorrow's best investments. Lithium brine projects are highly dependent on different variables like weather, flow rates to surface and the variability of grades in the brines. Our friendly customer service team will happily get back to you as soon as they can. 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. Win at Retirement Now its 3.60%. PUR increases the size and scale of its lithium project to a level that warrants putting it into production. S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised shareholders Even though the forum has been shut down, we have learned a great deal about the industry, from the inside out. Gonneville style PGE-Ni-Cu mineralisation is associated with mafic intrusions, which exhibit strong aeromagnetic anomalies. Directors and Management 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.
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