In his free time, you're likely to find Bernd at the beach or dabbling away on a new work of science fiction. 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. Authorised by Bruce Jackson. 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. Plus500. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list. Secure and increase the performance of your investments with our team of experts at your side. We are hoping this re-rates the company to a market cap of >$1bn (similar to what peer company Argosy achieved). The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. Whats driving the Pursuit Minerals (ASX:PUR) share price 35% higher? We have also been following the private Argentinian lithium asset being acquired by PUR since October this year, and also have an interest in this company after participating in a pre-listing capital raise, which will convert to PUR shares post transaction. Should Pursuits Exploration Licence Applications (ELAs) be approved, its landholding will be four times that of the ELA comprising Mandrakes Jimperding Project. A few new ideas could spring from the original idea of Bullseye to help investors. Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. 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. The business operating segment includes; Australian Projects, Norway projects, Finnish projects and Swedish projects. -, 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. We take a look at the ASX miners latest AEM results. These same anomalies are known to host the PGE-Ni-Cu mineralisation at the Chalice Mining Ltd (ASX: CHN) Julimar Project. 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. Looking at the acquisition terms, we think they are very reasonable for PUR shareholders. 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. Who are the major shareholders and have insiders been buying or selling? 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. It focuses on advancing vanadium projects in the world-class mining jurisdictions of Finland and Sweden. 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. WebPursuit Minerals Ltd is an Australian mineral exploration and project development company. 40 more messages in 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. WebPursuit Minerals Limited Suite 4, 246-250 Railway Parade West Leederville WA 6007 Australia +61 8 6500 3271. Data may be intentionally delayed pursuant to supplier requirements. To make the world Smarter, Happier, And Richer. Open menu Quick Company Search advice is general advice only. The information contained in this article is general information and is for informational purposes only. 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. The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. 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 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 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. It explores projects including the Koitelainen project and Karhujupukka project located in Finland, Central Sweden projects and the Airijoki project located in Sweden. Moodys Daily Credit Risk Score is a 1-10 score of a companys credit risk, based on an analysis of the firms Lithium brine projects are highly dependent on different variables like weather, flow rates to surface and the variability of grades in the brines. The Gladiator Gold Project consists of four exploration licenses located approximately 10 km northwest of Laverton in Western Australia. Dow Jones, a News Corp Commenting on the results, Pursuit CEO Mark Freeman said: The PGE-Ni-Cu targets which have been recognised from the preliminary data from the Calingiri East AEM survey block, demonstrate how the application of AEM surveys to PGE-Ni-Cu exploration can rapidly advance a project and generate highly prospective targets for drill testing. Entrepreneur life goes like that - you win some and lose some. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. advice. Chalice backed Caspin in its IPO taking a 10 per cent stake. representative of LeMessurier Securities Pty Ltd (AFSL No. The Profile page gives you general information about a symbol, whether it's about the company or the contract. Most of the drilling in the Rio Grande salar (salt lake) has been down to depths of ~100m. May 1, 2023 | Earlier this year, Chalice Gold Mines Ltd (ASX: CHN) made a groundbreaking discovery that sent its share price soaring. Pursuit Minerals Ltd (ASX:PUR) has entered into an agreement to acquire 100% of the issued capital in Trilogy Minerals Pty Ltd, an Argentina-focused lithium company, which holds the rights to more than 9,233 hectares at the Rio Grande Sur Project in the Lithium Triangle of South America. 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. A new 52-week high and massive share price volatility are driving some of the most-traded ASX shares today. 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. Please remember that investments can go up and down. The Motley Fool Australia operates under AFSL 400691. 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. WebASX:PUR - Investor presentation, announcements, cashflow waterfall chart, news, capital raise history, & sector peers. Pursuit Minerals (ASX: PUR) latest news, share price, company information, stock chart and announcements on Australia's #1 site for investors, Small Caps. 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). Bullseye is being shut down. Caution: This is early stage exploration, with no guarantee of success. 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. Heres the dividend yield youre earning now, How Id invest $1,000 in May to make easy passive income, Woodside share price in the green as Shell offloads stake in $30 billion JV gas project, the companys announcement of promising airborne electromagnet (AEM) data. AProfilefor a commodities contract contains theContract Specifications. Those persons acting upon information contained in this article do so entirely at their own risk. That compares to a 3% loss on the All Ordinaries Index (ASX: XAO). Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. 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. Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. Pursuit Minerals Ltd. is a mineral exploration and project development company. The Commando Gold Project is 38 km north from Kalgoorlie Project. It explores projects including the Koitelainen project and Bernd Struben, Just one year ago Australias official cash rate stood at 0.10%. Contact Details: Top 20 Shareholders. Learn More. We note that hedge funds don't have a meaningful investment in Auteco Minerals. Shareholder percentage totals can add to more than 100% because some holders are included in the free float. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. PUR drilling again. Phone: (03) 8592 4841 Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Currently, RAS is focusing on its flagship project Lonely Mine Project. 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. All Rights Reserved. Earlier during intraday trade, the Pursuit Minerals share price rallied by as much as 70% to 6.4 cents before retreating. Magnetic Resources Limited only completed limited surface sampling and drilling. WebPursuit Minerals Limited (ASX:PUR) is a junior exploration company that is aiming to make a PGE-Nickel-Copper discovery in Western Australia. Get expert stock analysis direct in your inbox. 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. Kingsgate conducted further follow-up drilling with 53 aircore holes. & Taxation. The project includes well defined magnetic anomalies ready for geophysical surveys to define drill targets. NICKEL COPPER PLATINUM GROUP ELEMENTS PGE, 1,600% Gain Sparks Julimar Explorer Race - We Just Found the Cheapest. To receive ALL our alerts fill out your details below. Do Not Sell or Share My Personal Information. All rights reserved. The company was founded in 2007 and is headquartered in Brisbane, Australia. Its projects include Mt Carlton, Stawell Corridor Gold, St Arnaud Gold, Jubilee Gold, Tandarra Gold and Secure and increase the performance of your investments with our team of experts at your side. 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. Any advice contained on this Website Pursuit Minerals Ltd is an Australian mineral exploration and project development company. There is always a risk that market sentiment impacts PURs ability to raise capital. Tristan Harrison. Cryptocurrencies: Cryptocurrency 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. Copyright 2023 Surperformance. Delayed Australian Stock Exchange advice is general advice only. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Stephens is a former director of Odin Metals Limited (formerly Lawson Gold Limited) (resigned February 2018), Mithril Resources Ltd (resigned May 2019) and Gooroo Ventures Limited (resigned January 2020). We like the current valuation of $10M market cap and having recently raised $2M the company appears reasonably funded going into exploration and drilling. This is a high risk, high reward investment. End-of-day quote Australian Stock Exchange Funds, Oil & 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. 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. Get Started Investing The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. 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. He employs a combination of macro economics and company specific data to gauge what he believes are tomorrow's best investments. He moved to Australia in 2010, where he transitioned to analysing the Aussie equity markets. A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash 1832 Asset Management L.P. is currently the largest shareholder, with 10.0% of shares outstanding. 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. 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. balance sheet and inputs from the stock market. Any Trading, Managed Pursuit Minerals Ltd 246-250 Railway Parade Suite 4 Leederville WA 6007 AUS. 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. 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. Join our flagship membership service, Share Advisor. 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. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. Over the past year, the Pursuit Minerals share price is up 400%. Surrounding companies have seen solid re-rates since entering the area. Objective #2: Pilot plant construction to show recovery potential. All rights reserved. Sebastian Bowen. Any advice is general advice only. 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 account day-to-day movements in market value compared to a companys liability structure. 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. What did our investments do this week? Please seek your own independent professional advice before making any financial investment decision. The Calingiri West tenement application also abuts Devex Resources (ASX: DEV) and covers part of their Sovereign Magnetic Complex as interpreted and is immediately adjacent to late-time airborne electromagnetic anomalies recently defined by Devex. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. As noted earlier, Devex Resources Limited (ASX: DEV) and Mandrake Resources Ltd (ASX: MAN) have made very successful forays into the area. Our friendly customer service team will happily get back to you as soon as they can. Pursuit Minerals Ltd is an Australian mineral exploration and project development company. -, Pursuit Minerals Issues 3.2 Million Shares to Directors, Pursuit Minerals Limited Completes the Acquisition of Lithium Brine Project in Argentina. 2023 Barchart.com, Inc. All Rights Reserved. The discovery is shaping up to be a major deposit of critical metals for a clean energy future and includes palladium, nickel and copper. Bernd Struben earned his economics degree in the US. The score provides a forward-looking, one-year measure of credit Any In this article, we will explain why we have invested in PUR now and the upside we see. Short sellers are gunning forthese ASX shares. The area also remains prospective for Boddington-style porphyry gold and/or copper mineralisation. This article contains general investment advice only (under AFSL 400691). PUR - Now a $31M advanced stage lithium stock, Why we invest in Oil & Gas and Precious Metals. 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. MINERAL RESOURCES LIMITED: 126,313,746: 8.11% 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. Its ground sits just 50km from CHNs PGE-nickel-copper discovery at Julimar. The Company discovers, develops and operates gold projects within Australias premier gold districts in Victoria and Queensland. 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. have bought more shares than they have sold in the past 3 months. WebSummit Minerals Limited (SUM) is an Australian-focused ASX-listed battery mineral exploration company with a portfolio of projects in demand-driven commodities. About the company Risk Analysis Listen to Our Podcast Past performance is not a reliable indicator of our future investing performance. 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. The information contained in this article is current as at the publication date. Lithium mineralisation is interpreted to extend down to depths of ~500m in depth leaving plenty of exploration upside for PUR to chase. PURs ground sits inside an area where another company has already defined a foreign resource of 2.1mt lithium carbonate equivalent. Objective #1: Drilling program to establish maiden JORC resource estimate. 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. Thats where it will really start to get interesting for PUR investors. Follow-up electromagnetic surveys and soil geochemical sampling will be completed in order to define and prioritise drill targets. Inception Date, First Trade Date, and Leverage. Learn about investing with our Investing Education hub. Investing 101: Taking Stock of your Stocks and Diversification, The fallout from the VUL short attack explained, PUR hit a significant mineralising system - now to find the core (and what it actually is), Investing 101: Key lessons for small cap investors. Over the past advice. Pursuit Minerals Ltd is an Australian mineral exploration and project development company. Shareholding changes less than 1% do not require notification to the market. 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. does not constitute personal advice and S3 has not taken into Lithium is currently trading at all time-highs. TO MAKE THE WORLD S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised S3 Consortium Pty Ltd (S3, we, us, our) (CAR No. Our bull/base/bear case expectations for the maiden JORC resource is as follows: Bull case = >100kt lithium carbonate equivalent. It is becoming increasingly apparent that the prospective mafic rocks discovered to date are far more widespread than previously thought. 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. Located inside Argentinas lithium triangle. (For the uninitiated, Ni stands for nickel, Cu is copper, while PGE stands for platinum group elements. Next Investors invests in companies and shares updates, and commentary on their business execution and progress. Air core drilling commenced at its Warrior Project in WA. SMARTER, HAPPIER, AND RICHER. The company has a number of unexplored magnetic and gravity anomalies, however it is yet to really test what's beneath the surface. the Underlying Index. WebPURSUIT MINERALS LIMITED : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Australian Stock Target our investor community with our suite of Hotcopper Advertising opportunities. The Commando Gold Project is 38 km north from Kalgoorlie Project. However, the geological structure appears to be quite complicated with significant folding and faulting of some of the narrower ultramafic units. S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised Given Chalices success, it isnt surprising to see that the area has become a hot spot for investors. The 1-3- and 5-Year Returns are adjusted for splits. We want to see PUR drill to depths of ~500m where mineralisation is interpreted to extend to. 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. 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. We are continuously working to improve our web experience, and encourage users to. The information in this website is general information only. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Project sits inside an already giant resource. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. 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 Motley Fool Australia has no position in any of the stocks mentioned. The YTD, 1-3- and 5-Year Returns are adjusted for dividends and splits. 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 Pursuit Minerals Ltd (ASX: PUR) shares have been placed in a trading halt pending a capital raise. Rank Top 20 Investors Number of Shares % Issued Capital; 1: 1. The views of the author may not reflect the views of the AFSL holder. 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 Fundamental company data and analyst estimates provided by FactSet. Futures and Forex: 10 or 15 minute delay, CT. Market Data powered by Barchart Solutions. Any advice contained on this Website Analysts believe that now could be the time to add these shares to your portfolio May 1, 2023 | May 1, 2023 | PUR will interpret the available aeromagnetic data to define corridors of aeromagnetic anomalies prospective of PGE-Ni-Cu mineralization. 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 By exercising the option, Pursuit will vest a 100% interest in each project, with EMX retaining a 3% NSR royalty, 1% of which may be purchased by Pursuit under certain conditions. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. risk, allowing investors to make better decisions and streamline their work ow. Specifications include: Ratios for equities display the following information: Jump-Start Your Search For Promising Trade Ideas With Barcharts Top Stock Pick. By clicking this button, you agree to our. 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. 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. Initial Investment: @ 1.3c Top Slice Free Carry Initial Investment: @ 6.9c Free Carry Take Profit Price increases 300% from initial entry Price increases 500% from initial entry Price increases 1000% from initial entry 12 Month Capital Gain Discount Hold remaining Position for next 2+ years, Lithium project acquisition to be completed in just weeks, Lithium brine in South America's lithium triangle - update, Lithium acquisition approved by shareholders, $8M raised - TWO major conditions to acquisition met, Critical minerals quickly becoming a priority in the EU, Noosa Mining Investor Conference round-up, China considering US$1.1 trillion infrastructure stimulus, Pursuit Establishes an At Call Funding Facility, China considering US$220Bn in infrastructure stimulus, VW CEO breaks down batteries and supply chain issues, AC drilling program underway at WA gold project. WebMr. May 1, 2023 | 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. Gonneville style PGE-Ni-Cu mineralisation is associated with mafic intrusions, which exhibit strong aeromagnetic anomalies.
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