Devex and Mandrake are at pre-drilling stage and on balance, one would expect Pursuits valuation could be at least in line with that of Mandrakes $30M or perhaps Devexs $74M longer-term. 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. AProfilefor a commodities contract contains theContract Specifications. 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. Based on this timeline, PUR could very well see a re-rate ahead of drilling. Pursuit Minerals Limited (ASX:PUR) is a junior exploration company that is aiming to make a PGE-Nickel-Copper discovery in Western Australia. Data may be intentionally delayed pursuant to supplier requirements. 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. Over the past Bought CBA shares in June? Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Over the past year, the Pursuit Minerals share price is up 400%. 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). The Motley Fool has a disclosure policy. Entrepreneur life goes like that - you win some and lose some. Copyright FactSet Research Systems Inc. All rights reserved. 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. WebPursuit Minerals Limited (ASX:PUR) is a mineral exploration and project development company focused on PGE-Ni-Cu, Gold and nickel projects in the Australia, a world-class Directors and Management Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. Barchart shows different data on the Profile page, depending on the symbol's asset type. It explores projects including the Koitelainen project and Karhujupukka project Pursuit Minerals Ltd (PUR) Stock Price & News - Google Finance Barchart is committed to ensuring digital accessibility for individuals with disabilities. Most of the drilling in the Rio Grande salar (salt lake) has been down to depths of ~100m. Source: FactSet. have bought more shares than they have sold in the past 3 months. PUR.AU | Pursuit Minerals Ltd. Annual Balance Sheet - WSJ The Commando Gold Project is 38 km north from Kalgoorlie Project. Rank Top 20 Investors Number of Shares % Issued Capital; 1: 1. A new 52-week high and massive share price volatility are driving some of the most-traded ASX shares today. NICKEL COPPER PLATINUM GROUP ELEMENTS PGE, 1,600% Gain Sparks Julimar Explorer Race - We Just Found the Cheapest. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. WebASX:PUR - Investor presentation, announcements, cashflow waterfall chart, news, capital raise history, & sector peers. The Gladiator Gold Project consists of four exploration licenses located approximately 10 km northwest of Laverton in Western Australia. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 173.5%. An ETF Profile page also shows general information about the fund, but also adds information such as a link to the Fund Family. Pursuit Minerals It expects to complete its overall Warrior AEM survey before the end of March. The business operating segment includes; Australian Projects, Norway projects, Finnish projects and Swedish projects. Please read our Financial Services Guide before deciding whether to obtain financial services from us. There is always a risk that PURs project doesn't meet the levels required for its project to be operated commercially. PUR - Now a $31M advanced stage lithium stock, Why we invest in Oil & Gas and Precious Metals. shareholders 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. About the Data. The final data is expected by the middle of April. 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. Past performance is not necessarily indicative of future returns. Corporate Directory - Pursuit Minerals Low market cap relative to advanced peers. WebAccess detailed premium company data for PUR - Pursuit Minerals Limited including Top 20 shareholders, Director Transactions and more. Objective #2: Pilot plant construction to show recovery potential. Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. May 1, 2023 | 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. The Combatant PGE-Ni-Cu Project lies approximately 270 km northeast from Geraldton and 210 km west of Meekatharra. Pursuit Minerals Ltd (PUR) Stock Price & Analysis - tipranks.com Moodys Daily Credit Risk Score is a 1-10 score of a companys credit risk, based on an analysis of the firms There is currently extensive interest in the Julimar region. The Company discovers, develops and operates gold projects within Australias premier gold districts in Victoria and Queensland. Thats where it will really start to get interesting for PUR investors. Looking at the acquisition terms, we think they are very reasonable for PUR shareholders. The aeromagnetic data suggests that the ultramafic rocks prospective for PGE-Ni-Cu mineralisation are more widespread than indicated by surface outcrops. For full detail of the tenements' geology and past exploration, please see PURs announcement here. Given the company is yet to commence producing any cashflows the need to raise capital may weigh on the companys share price. The information in this website is general information only. Please seek your own independent professional advice before making any financial investment decision. All rights reserved. The Wubin tenement (E70/5493), granted in November 2020, was previously explored for iron deposits by Magnetic Resources NL in 2010. Join our flagship membership service, Share Advisor. A few new ideas could spring from the original idea of Bullseye to help investors. Air core drilling commenced at its Warrior Project in WA. 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. Pursuit Minerals (ASX:PUR) WebA substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Lithium brine projects are highly dependent on different variables like weather, flow rates to surface and the variability of grades in the brines. Australia's largest stock trading and investment forum, Algorithmic You can do it. Change value during other periods is calculated as the difference between the last trade and the most recent settle. HSBC CUSTODY NOMINEES LIMITED: 156,251,137: 10.04%: 2: 2. 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. Delayed Australian Stock Exchange End-of-day quote Australian Stock Exchange Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Right-click on the chart to open the Interactive Chart menu. Accordingly you should consider how appropriate the advice (if any) is MINERALS 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. Pursuit Minerals Ltd. is a mineral exploration and project development company. 337927). 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. WebPursuit Minerals Ownership Who are the major shareholders and have insiders been buying or selling? advice. So, what can ASX 200 investors. risk, allowing investors to make better decisions and streamline their work ow. I'm taking the "L" and moving on. Prior drilling focused on copper and gold and did not assay for PGEs. Chalice backed Caspin in its IPO taking a 10 per cent stake. PURs Warrior project is also located just 50km north-east of Chalice minings discovery in the new minerals province known as the Julimar Complex. We are continuously working to improve our web experience, and encourage users to. -, Pursuit Minerals Issues 3.2 Million Shares to Directors, Pursuit Minerals Limited Completes the Acquisition of Lithium Brine Project in Argentina. Base case = 50-100kt lithium carbonate equivalent. When Might Pursuit Minerals Run Out Of Money? Learn about investing with our Investing Education hub. Email: [emailprotected] S3 Consortium Pty Ltd (S3, we, us, our) (CAR No. ONE, VUL all grown up BPM, LCL finding targets. Tristan Harrison. International stock quotes are delayed as per exchange requirements. a measure of one basis point change in the futures price. 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. Past performance is not a reliable indicator of our future investing performance. Plus500. 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. 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. 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 Its ground sits just 50km from CHNs PGE-nickel-copper discovery at Julimar. Fundamental data provided by Zacks and Morningstar. PUR.AU | Pursuit Minerals Ltd. Financial Statements - WSJ Gonneville style PGE-Ni-Cu mineralisation is associated with mafic intrusions, which exhibit strong aeromagnetic anomalies. He employs a combination of macro economics and company specific data to gauge what he believes are tomorrow's best investments. Prior exploration focused on bauxite and the bedrock geology is not well known. Pursuit Minerals Limited completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project. Authorised by Bruce Jackson. does not constitute personal advice and S3 has not taken into 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. Early stage CHN investors were well rewarded by this discovery, with the stock returning 1,600% since January. the Underlying Index. 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.