WebPursuit Minerals Ltd. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. 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. Objective #3: Complete either a definitive feasibility or bankable feasibility study (DFS/BFS). 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. Learn More. While nothing is a guarantee, there is scope here for a similar performance from PUR, especially as it is looking to fast track exploration leading into a drill program in March. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. 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. 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. 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. 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. 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. 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. Past performance is not necessarily indicative of future returns. WebTop 20 Shareholders About the Data Show All Shareholder Distribution As reported in the most recent Annual Report. Contact Details: The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. 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. These ASX shares are having a tough start to the week. WebASX:PUR - Investor presentation, announcements, cashflow waterfall chart, news, capital raise history, & sector peers. Those persons acting upon information contained in this article do so entirely at their own risk. Any advice contained on this Website There is currently extensive interest in the Julimar region. Youre viewing a single post only. 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. S3 Consortium Pty Ltd (S3, we, us, our) (CAR No. An ETF Profile page also shows general information about the fund, but also adds information such as a link to the Fund Family. The Combatant PGE-Ni-Cu Project lies approximately 270 km northeast from Geraldton and 210 km west of Meekatharra. Tristan Harrison. CPH, ONE, TMZ, 88E and more PUR says Early Soil Samples Compare Favourably to $2.6BN Chalice, PURs EM conductors significant - Drilling in 6 to 8 weeks, Our Portfolio Performance from January 1st to March 31st 2021, Nearology News Next to $1.4 Billion Behemoth Big Brother, 1,600% Gain Sparks Julimar Explorer Race - We Just Found the Cheapest. Get expert stock analysis direct in your inbox. Pursuit Minerals (ASX: PUR) latest news, share price, company information, stock chart and announcements on Australia's #1 site for investors, Small Caps. A new 52-week high and massive share price volatility are driving some of the most-traded ASX shares today. Join thousands of other Investors following our stock commentary for Free, Interested in more investment opportunities? Caspin Resources (ASX:CPN), is a spin off from Cassini Resources (ASX: CZI) and has two West Australian gold and nickel projects. 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 want to see the company build and operate a pilot plant to show that it can produce lithium carbonate from its project efficiently. 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. 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. Email: [emailprotected] 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. Earlier this year, Chalice Gold Mines Ltd (ASX: CHN) made a groundbreaking discovery that sent its share price soaring. Our bull/base/bear case expectations for the maiden JORC resource is as follows: Bull case = >100kt lithium carbonate equivalent. advice is general advice only. Navarre Minerals Limited is an Australia-based gold, silver and copper producer. Here are the companies currently in the region including Chalice. DIRECTORS. 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. Any It is becoming increasingly apparent that the prospective mafic rocks discovered to date are far more widespread than previously thought. Located inside Argentinas lithium triangle. The information in this website is general information only. 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. Phone: (03) 8592 4841 -, Pursuit Minerals Issues 3.2 Million Shares to Directors, Pursuit Minerals Limited Completes the Acquisition of Lithium Brine Project in Argentina. For full detail of the tenements' geology and past exploration, please see PURs announcement here. Short sellers are gunning forthese ASX shares. Patient shareholders in the junior miner have enjoyed a highly profitable 12 months and a great start to 2021. Join our flagship membership service, Share Advisor. Prior drilling focused on copper and gold and did not assay for PGEs. I'm taking the "L" and moving on. Investment news, stock ideas, and more, straight to your inbox. advice is general advice only. 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 a measure of one basis point change in the futures price. 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. Accordingly you should consider how appropriate the advice (if any) is WebA substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash The score provides a forward-looking, one-year measure of credit We are hoping this re-rates the company to a market cap of >$1bn (similar to what peer company Argosy achieved). These batteries are required to power electric vehicles (EVs) AND to store energy for managing the ongoing global energy crisis. 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. Target our investor community with our suite of Hotcopper Advertising opportunities. James Mickleboro. WebRagusa Minerals Ltd (RAS, formerly SIV Asset Management Limited) operate in the mineral exploration sector focusing on exploration for gold and associated minerals. Authorised by Bruce Jackson. 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. Pursuit Minerals Ltd 246-250 Railway Parade Suite 4 Leederville WA 6007 AUS. 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. Pursuit Minerals Ltd is an Australian mineral exploration and project development company. The Company's projects include Warrior PGE-Ni-Cu Currently, RAS is focusing on its flagship project Lonely Mine Project. 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. 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. May 1, 2023 | consideration your personal objectives, financial situation or needs. Any advice is general advice only. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements. Bernd Struben, Just one year ago Australias official cash rate stood at 0.10%. PURs Warrior project is also 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. 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 International stock quotes are delayed as per exchange requirements. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Entrepreneur life goes like that - you win some and lose some. 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. 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 337927). The Profile page gives you general information about a symbol, whether it's about the company or the contract. These stronger EM conductors, Pursuit Minerals states, are associated with magnetic anomalies interpreted to be due to mafic or ultramafic intrusive rocks. Based on this timeline, PUR could very well see a re-rate ahead of drilling. He moved to Australia in 2010, where he transitioned to analysing the Aussie equity markets. How do Fund Managers Invest in Small Cap Stocks? 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 Rank Top 20 Investors Number of Shares % Issued Capital; 1: 1. Pursuit Minerals share price snapshot Patient shareholders in the junior miner have enjoyed a highly profitable 12 months and a great start to 2021. Accordingly you should consider how appropriate the advice (if any) is Pursuit Minerals chases high-grade gold project in Arizona Pursuit Minerals ( ASX: PUR) signed an exclusive option to acquire the Buck Mountain Gold Project, a gold-silver-platinum group metals (PGMs) project in Arizona, USA. WebPursuit Minerals Ltd is an Australian mineral exploration and project development company. Low market cap relative to advanced peers. 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 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. Listen to Our Podcast PUR drilling again. Given the company is yet to commence producing any cashflows the need to raise capital may weigh on the companys share price. 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. risk, allowing investors to make better decisions and streamline their work ow. The Company's projects include Warrior PGE-Ni-Cu Project, Commando Gold Project, Gladiator Gold Project, and Combatant PGE-Ni-Cu-Au Project. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Barchart is committed to ensuring digital accessibility for individuals with disabilities. View PUR.AU financial statements in full. Open menu Quick Company Search Learn about investing with our Investing Education hub. Next Investors invests in companies and shares updates, and commentary on their business execution and progress. 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. 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. has engaged Next Investors to provide this service. Bernd Struben earned his economics degree in the US. A big thank you to everyone who registered on Bullseye and gave it a go. to those objectives, financial situation and needs, before acting on the Join Our Premium Community Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Pursuit Minerals Ltd (ASX: PUR) shares have been placed in a trading halt pending a capital raise. 86% of retail CFD accounts lose money, EQS-News: Pursuit Minerals Ltd sees path to production with new lithium project, Registration on or use of this site constitutes acceptance of our. What did our investments do this week? 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. 296877). 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 Calingiri West tenement application, E70/5378), is located between the Julimar (Chalice Mines Limited) and Yarawindah (OZ Minerals Limited) Ni-Cu-PGE projects. Shareholding changes less than 1% do not require notification to the market. This article may include references to our past investing performance. There is always a risk that PURs project doesn't meet the levels required for its project to be operated commercially. Dow Jones, a News Corp in the past year, with total shares outstanding growing by 173.5%. Whats driving the Pursuit Minerals (ASX:PUR) share price 35% higher? Trading, Managed 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. 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. Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. It focuses on advancing vanadium projects in the world-class mining jurisdictions of Finland and Sweden. Please remember that investments can go up and down. We are continuously working to improve our web experience, and encourage users to. As noted earlier, Devex Resources Limited (ASX: DEV) and Mandrake Resources Ltd (ASX: MAN) have made very successful forays into the area. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. consideration your personal objectives, financial situation or needs. 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. The project includes well defined magnetic anomalies ready for geophysical surveys to define drill targets. Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. Following transfer of all tenements, an additional 10,000,000 shares will be issued to the vendor. Australia's largest stock trading and investment forum, Algorithmic Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. PURs Warrior project is also located just 50km north-east of Chalice minings discovery in the new minerals province known as the Julimar Complex.
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