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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. The result of this discovery has led to a field of ASX explorers taking up some ground, hoping to make their own. has engaged Next Investors to provide this service. Pursuit Minerals Ltd. is a mineral exploration and project development company. PUR - Now a $31M advanced stage lithium stock, Why we invest in Oil & Gas and Precious Metals. PUR is set to acquire the Warrior PGE-Nickel-Copper Project, nestled in the Western Gniess Terrane, sandwiched between CPN and CHN. WebA substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. These same anomalies are known to host the PGE-Ni-Cu mineralisation at the Chalice Mining Ltd (ASX: CHN) Julimar Project. The Wubin tenement (E70/5493), granted in November 2020, was previously explored for iron deposits by Magnetic Resources NL in 2010. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. It focuses on advancing vanadium projects in the world-class mining jurisdictions of Finland and Sweden. A few new ideas could spring from the original idea of Bullseye to help investors. Follow-up electromagnetic surveys and soil geochemical sampling will be completed in order to define and prioritise drill targets. 2023 Barchart.com, Inc. All Rights Reserved. Past performance is not necessarily indicative of future returns. Navarre Minerals Limited is an Australia-based gold, silver and copper producer. WebPURSUIT MINERALS LIMITED : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Australian Stock By clicking this button, you agree to our. The Profile page gives you general information about a symbol, whether it's about the company or the contract. Based on this timeline, PUR could very well see a re-rate ahead of drilling. 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. Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. He moved to Australia in 2010, where he transitioned to analysing the Aussie equity markets. 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. PURs Warrior project is also located just 50km north-east of Chalice minings discovery in the new minerals province known as the Julimar Complex. account day-to-day movements in market value compared to a companys liability structure. We take a look at the ASX miners latest AEM results. So, what can ASX 200 investors. Past performance is not a reliable indicator of our future investing performance. We disclose the securities held in relation to a particular company that we provide commentary on. Pursuit Minerals Ltd (ASX: PUR) shares are off to the races today, up more than 35% to 5 cents in afternoon trading. Pursuit Minerals (ASX:PUR) - Next Investors 296877). PUR has a tiny market cap, and this is early stage exploration. PURs project sits inside an already established foreign resource estimate of 2.1mt lithium carbonate equivalent. 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). Before we go too far, a word of caution is required. 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. 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. 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 Kingsgate conducted further follow-up drilling with 53 aircore holes. Dominion Mining previously collected over 3,389 auger geochemical samples and drilled 41 aircore holes totalling 1,384m of aircore drilling. Do Not Sell or Share My Personal Information. The views of the author may not reflect the views of the AFSL holder. ONE, VUL all grown up BPM, LCL finding targets. About the Data. Pursuit Minerals Limited completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project. Caution: This is early stage exploration, with no guarantee of success. Accordingly you should consider how appropriate the advice (if any) is Stocks: 15 20 minute delay (Cboe BZX is real-time), ET. 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. 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. Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. Thats where it will really start to get interesting for PUR investors. Australia's largest stock trading and investment forum, Algorithmic Please seek your own independent professional advice before making any financial investment decision. WebASX:PUR - Investor presentation, announcements, cashflow waterfall chart, news, capital raise history, & sector peers. 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. does not constitute personal advice and S3 has not taken into 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). This brings with it potential future consolidation opportunities. Fundamental data provided by Zacks and Morningstar. advice. Objective #3: Complete either a definitive feasibility or bankable feasibility study (DFS/BFS). Base case = 50-100kt lithium carbonate equivalent. Fundamental company data and analyst estimates provided by FactSet. 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. Plus500. These ASX shares are starting the week in a positive fashion. It explores projects including the Koitelainen project and Mr Bob Affleck Managing Director Mr Mark SMARTER, HAPPIER, AND RICHER. PUR - Pursuit Minerals We note that hedge funds don't have a meaningful investment in Auteco Minerals. 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. The Combatant PGE-Ni-Cu Project lies approximately 270 km northeast from Geraldton and 210 km west of Meekatharra. Top 20 Shareholders. Those are comprised of palladium (Pd), iridium (Ir), osmium (Os), rhodium (Rh) and ruthenium (Ru).). Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. ASX Company Page | The Market Herald News | PURSUIT MINERALS Stock Price Today - Insider Pursuit Minerals (ASX: PUR) latest news, share price, company information, stock chart and announcements on Australia's #1 site for investors, Small Caps. Pursuit Minerals share price snapshot Patient shareholders in the junior miner have enjoyed a highly profitable 12 months and a great start to 2021. PURs Warrior project is also Recent Insider Transactions Insider Trading Volume Insider Buying: When Might Pursuit Minerals Run Out Of Money? WebPursuit Minerals Ltd is an Australian mineral exploration and project development company. May 1, 2023 | 296877). 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) MINERALS WebPursuit Minerals Limited (ASX:PUR) is a junior exploration company that is aiming to make a PGE-Nickel-Copper discovery in Western Australia. Axiom Mining Ltd The Gladiator Gold Project consists of four exploration licenses located approximately 10 km northwest of Laverton in Western Australia. These batteries are required to power electric vehicles (EVs) AND to store energy for managing the ongoing global energy crisis. 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. Should Pursuits Exploration Licence Applications (ELAs) be approved, its landholding will be four times that of the ELA comprising Mandrakes Jimperding Project. 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. 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. Earlier this year, Chalice Gold Mines Ltd (ASX: CHN) made a groundbreaking discovery that sent its share price soaring. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Early stage CHN investors were well rewarded by this discovery, with the stock returning 1,600% since January. & Taxation. Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months. PUR will interpret the available aeromagnetic data to define corridors of aeromagnetic anomalies prospective of PGE-Ni-Cu mineralization. It's not possible to publish a real-time Top 20 Shareholder list. S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised Its projects include Mt Carlton, Stawell Corridor Gold, St Arnaud Gold, Jubilee Gold, Tandarra Gold and DIRECTORS. Copyright FactSet Research Systems Inc. All rights reserved. Pursuit Minerals The Motley Fool Australia has no position in any of the stocks mentioned. Any Directors and Management -, Pursuit Minerals Issues 3.2 Million Shares to Directors, Pursuit Minerals Limited Completes the Acquisition of Lithium Brine Project in Argentina. 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. We like the current valuation of $10M market cap and having recently raised $2M the company appears reasonably funded going into exploration and drilling. 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. 40 more messages in Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. WebTop 20 Shareholders About the Data Show All Shareholder Distribution As reported in the most recent Annual Report. 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. For stocks, all fundamental information is provided by Zachs Investment Research. All rights reserved. Analysts believe that now could be the time to add these shares to your portfolio May 1, 2023 | 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. 337927). It explores projects including the Koitelainen project and Karhujupukka project The Company discovers, develops and operates gold projects within Australias premier gold districts in Victoria and Queensland. 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. The Pursuit Minerals (ASX:PUR) share price is off to the races today, up 35%. S3 Consortium Pty Ltd (S3, we, us, our) (CAR No. Our friendly customer service team will happily get back to you as soon as they can. Next Investors invests in companies and shares updates, and commentary on their business execution and progress. 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. 1832 Asset Management L.P. is currently the largest shareholder, with 10.0% of shares outstanding. PURSUIT MINERALS LIMITED : Shareholders Board 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). It is becoming increasingly apparent that the prospective mafic rocks discovered to date are far more widespread than previously thought. Moodys Daily Credit Risk Score is a 1-10 score of a companys credit risk, based on an analysis of the firms 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. Open menu Quick Company Search Substantial Shareholders No Substantial Shareholders for What did our investments do this week? WebPursuit Minerals Ltd. annual balance sheet for PUR.AU company financials. Its ground sits just 50km from CHNs PGE-nickel-copper discovery at Julimar. The project includes well defined magnetic anomalies ready for geophysical surveys to define drill targets. Bernd Struben earned his economics degree in the US. 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. 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. We are hoping this re-rates the company to a market cap of >$1bn (similar to what peer company Argosy achieved). 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. WebRagusa Minerals Ltd (RAS, formerly SIV Asset Management Limited) operate in the mineral exploration sector focusing on exploration for gold and associated minerals. Pursuit Minerals Limiteds (ASX:PUR representative of LeMessurier Securities Pty Ltd (AFSL No. Bullseye is being shut down. 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). Pursuit Minerals Ltd - Fresh Equities Data may be intentionally delayed pursuant to supplier requirements. Pursuit Minerals Ltd 246-250 Railway Parade Suite 4 Leederville WA 6007 AUS. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Updated daily, it takes into Who are the major shareholders and have insiders been buying or selling? 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. Phone: (03) 8592 4841 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. It explores projects including the Koitelainen project and Karhujupukka project located in Finland, Central Sweden projects and the Airijoki project located in Sweden. Any advice is general advice only. Dow Jones, a News Corp Pursuit Minerals Ltd (PUR) Stock Price & News - Google Finance risk, allowing investors to make better decisions and streamline their work ow. May 1, 2023 | Bernd Struben, Just one year ago Australias official cash rate stood at 0.10%. A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. advice is general advice only. The Company's projects include Warrior PGE-Ni-Cu 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 Over the past 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. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Pursuit Minerals Ltd is an Australian mineral exploration and project development company. to those objectives, financial situation and needs, before acting on the The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. Minerals Barchart shows different data on the Profile page, depending on the symbol's asset type. Simon Taylor BSc, Pursuit Minerals Ltd is an Australian mineral exploration and project development company. Rank Top 20 Investors Number of Shares % Issued Capital; 1: 1. Given the company is yet to commence producing any cashflows the need to raise capital may weigh on the companys share price. Due to the highly prospective nature of the five identified anomalies, the company has significantly extended the survey block.