Entrepreneur life goes like that - you win some and lose some. Any The Gladiator Gold Project consists of four exploration licenses located approximately 10 km northwest of Laverton in Western Australia. Target our investor community with our suite of Hotcopper Advertising opportunities. Please remember that investments can go up and down. advice. ASX Company Page | The Market Herald He moved to Australia in 2010, where he transitioned to analysing the Aussie equity markets. Any Caspin Resources (ASX:CPN), is a spin off from Cassini Resources (ASX: CZI) and has two West Australian gold and nickel projects. Any advice contained on this Website We want to see the company build and operate a pilot plant to show that it can produce lithium carbonate from its project efficiently. 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. PURs ground sits inside an area where another company has already defined a foreign resource of 2.1mt lithium carbonate equivalent. TO MAKE THE WORLD Trading, Managed Source: Kantar Media. 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. Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months. A merger would be subject to both a net-benefit review and a national-security review by the federal government, and some observers have pointed out Glencores pursuit of the Canadian company comes at the same time that the government has committed to a national critical minerals strategy as part of its overall climate plan. What's driving the Pursuit Minerals (ASX:PUR) share SMARTER, HAPPIER, AND RICHER. 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. [[ data.eventTime | date: 'EEE, MMM dd, yyyy h:mm a' ]] [[ zone ]]. Pursuit Minerals View PUR.AU financial statements in full. All rights reserved. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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 Pursuit Minerals Ltd (PUR) Stock Price & Analysis - tipranks.com Now its 3.60%. Corporate Directory - Pursuit Minerals With the acquisition will come four highly prospective land positions (a mix of exploration licences and exploration licence applications), totalling 593 square kilometres. Due to the highly prospective nature of the five identified anomalies, the company has significantly extended the survey block. 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. WebSummit Minerals Limited (SUM) is an Australian-focused ASX-listed battery mineral exploration company with a portfolio of projects in demand-driven commodities. Lithium is currently trading at all time-highs. The result of this discovery has led to a field of ASX explorers taking up some ground, hoping to make their own. All Rights Reserved. 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. The information contained in this article is current as at the publication date. 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. Early stage CHN investors were well rewarded by this discovery, with the stock returning 1,600% since January. We are continuously working to improve our web experience, and encourage users to. Australia's largest stock trading and investment forum, Algorithmic 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. has engaged Next Investors to provide this service. It focuses on advancing vanadium projects in the world-class mining Base case = 50-100kt lithium carbonate equivalent. Air core drilling commenced at its Warrior Project in WA. For personal use only 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. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Fundamental company data and analyst estimates provided by FactSet. An ETF Profile page also shows general information about the fund, but also adds information such as a link to the Fund Family. Stocks: 15 20 minute delay (Cboe BZX is real-time), ET. It's not possible to publish a real-time Top 20 Shareholder list. Copyright 2023 Surperformance. Accordingly you should consider how appropriate the advice (if any) is We are hoping this re-rates the company to a market cap of >$1bn (similar to what peer company Argosy achieved). Learn More. Gonneville style PGE-Ni-Cu mineralisation is associated with mafic intrusions, which exhibit strong aeromagnetic anomalies. 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. This brings with it potential future consolidation opportunities. 1832 Asset Management L.P. is currently the largest shareholder, with 10.0% of shares outstanding. 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. Pursuit Minerals Limited completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project. Its ground sits just 50km from CHNs PGE-nickel-copper discovery at Julimar. The ultimate aim of the drilling program will be to establish a maiden JORC resource estimate for its project. 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. Copyright FactSet Research Systems Inc. All rights reserved. Specifications include: Ratios for equities display the following information: Jump-Start Your Search For Promising Trade Ideas With Barcharts Top Stock Pick. a measure of one basis point change in the futures price. to those objectives, financial situation and needs, before acting on the Pursuit Minerals Ltd (ASX:PUR) Share Price - Market Index Gas, Tax 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. How do Fund Managers Invest in Small Cap Stocks? News | PURSUIT MINERALS Stock Price Today - Insider 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. Moodys Daily Credit Risk Score is a 1-10 score of a companys credit risk, based on an analysis of the firms does not constitute personal advice and S3 has not taken into Pursuit Minerals Ltd. is a mineral exploration and project development company. Plus500. This article contains general investment advice only (under AFSL 400691). The company has a number of unexplored magnetic and gravity anomalies, however it is yet to really test what's beneath the surface. Join our flagship membership service, Share Advisor. 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. Right-click on the chart to open the Interactive Chart menu. 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. Ragusa Minerals Ltd Prior exploration focused on bauxite and the bedrock geology is not well known. 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. WebASX:PUR - Investor presentation, announcements, cashflow waterfall chart, news, capital raise history, & sector peers. WebTop 20 Shareholders About the Data Show All Shareholder Distribution As reported in the most recent Annual Report. It explores projects including the Koitelainen project and Karhujupukka project advice. Prior drilling focused on copper and gold and did not assay for PGEs. The Wubin tenement area contains widespread, but isolated, greenstone remnants. Join thousands of other Investors following our stock commentary for Free, Interested in more investment opportunities? PUR - Now a $31M advanced stage lithium stock, Why we invest in Oil & Gas and Precious Metals. Project sits inside an already giant resource. 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. Since then, investors have been scouring the market for opportunities to leverage off the discovery of what is an entirely new province, the Western Gneiss Terrane of the famous Yilgarn Craton in WA, which includes CHNs Julimar discovery. Given the company is yet to commence producing any cashflows the need to raise capital may weigh on the companys share price. May 1, 2023 | Authorised by Bruce Jackson. Futures and Forex: 10 or 15 minute delay, CT. Market Data powered by Barchart Solutions. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. As noted earlier, Devex Resources Limited (ASX: DEV) and Mandrake Resources Ltd (ASX: MAN) have made very successful forays into the area. The company was founded in 2007 and is headquartered in Brisbane, Australia. When Might Pursuit Minerals Run Out Of Money? MINERALS 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. Pursuit Minerals Limited completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project. I'm taking the "L" and moving on. 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 Pursuit Minerals Ltd | LinkedIn Hear our experts take on shares, the market & how to invest. Pursuit Minerals (ASX:PUR) - Next Investors Funds, Oil & WebPursuit Minerals Ltd is an Australian mineral exploration and project development company. 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. Open menu Quick Company Search Objective #1: Drilling program to establish maiden JORC resource estimate. Bullseye | PUR - Pursuit Minerals Limited - Premium Company Data 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. Here are the companies currently in the region including Chalice. Lithium brine projects are highly dependent on different variables like weather, flow rates to surface and the variability of grades in the brines. The Company discovers, develops and operates gold projects within Australias premier gold districts in Victoria and Queensland. Short sellers are gunning forthese ASX shares. About the Data. 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. Learn about investing with our Investing Education hub. 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. All rights reserved. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. To receive ALL our alerts fill out your details below. S3 Consortium Pty Ltd (S3, we, us, our) (CAR No. Pursuit Minerals Ltd (ASX: PUR) shares have been placed in a trading halt pending a capital raise. The business operating segment includes; Australian Projects, Norway projects, Finnish projects and Swedish projects. 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. WebMr. Join Our Premium Community 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. Stock summary - Australian Stock Market - Small Caps 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 PUR.AX - Pursuit Minerals Ltd Stock Profile - Barchart.com Lithium mineralisation is interpreted to extend down to depths of ~500m in depth leaving plenty of exploration upside for PUR to chase. Objective #2: Pilot plant construction to show recovery potential. Pursuit Minerals Ltd - Fresh Equities End-of-day quote Australian Stock Exchange Inception Date, First Trade Date, and Leverage. Dominion Mining previously collected over 3,389 auger geochemical samples and drilled 41 aircore holes totalling 1,384m of aircore drilling. Mr Bob Affleck Managing Director Mr Mark WebPURSUIT MINERALS LIMITED : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Australian Stock advice is general advice only. 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. Pursuit Minerals (ASX: PUR) is developing an advanced lithium brine project in Argentina. Shareholders 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. That compares to a 3% loss on the All Ordinaries Index (ASX: XAO). The 1-3- and 5-Year Returns are adjusted for splits. In this article, we will explain why we have invested in PUR now and the upside we see. Low market cap relative to advanced peers. 337927). WebPursuit Minerals Limited Suite 4, 246-250 Railway Parade West Leederville WA 6007 Australia +61 8 6500 3271. Dow Jones, a News Corp Should Pursuits Exploration Licence Applications (ELAs) be approved, its landholding will be four times that of the ELA comprising Mandrakes Jimperding Project. 2023 Barchart.com, Inc. All Rights Reserved. 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. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. 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. Pursuit Minerals Pursuit Minerals Limited (PUR, formerly Burrabulla advice is general advice only. PUR increases the size and scale of its lithium project to a level that warrants putting it into production. Investment news, stock ideas, and more, straight to your inbox. A big thank you to everyone who registered on Bullseye and gave it a go. So, what can ASX 200 investors. There is currently extensive interest in the Julimar region. 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. Pursuit Minerals Ltd is an Australian mineral exploration and project development company. The Combatant PGE-Ni-Cu Project lies approximately 270 km northeast from Geraldton and 210 km west of Meekatharra. PURSUIT MINERALS LIMITED : Shareholders Board The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. 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 is set to acquire the Warrior PGE-Nickel-Copper Project, nestled in the Western Gniess Terrane, sandwiched between CPN and CHN. MINERAL RESOURCES LIMITED: 126,313,746: 8.11% Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). About the company Risk Analysis WebPursuit Minerals Ltd. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. 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. Post acquisition PUR will have a fully diluted market cap of ~$31M, which is low compared to other lithium brine players Argosy Minerals ($828M). Delayed Australian Stock Exchange 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. Barchart is committed to ensuring digital accessibility for individuals with disabilities. 296877). The information in this website is general information only. 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. 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. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list. Volume reflects consolidated markets. We like the current valuation of $10M market cap and having recently raised $2M the company appears reasonably funded going into exploration and drilling. NICKEL COPPER PLATINUM GROUP ELEMENTS PGE, 1,600% Gain Sparks Julimar Explorer Race - We Just Found the Cheapest. Pursuit Minerals Limited (ASX:PUR) is a junior exploration company that is aiming to make a PGE-Nickel-Copper discovery in Western Australia. Argosy Minerals Ltd Analysts believe that now could be the time to add these shares to your portfolio May 1, 2023 | The Gladiator Gold Project consists of four exploration licenses located approximately 10 km northwest of Laverton in Western Australia. 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. PUR has a tiny market cap, and this is early stage exploration. There is always a risk that PURs project doesn't meet the levels required for its project to be operated commercially. Past performance is not a reliable indicator of our future investing performance. The company believes these have the potential to be due to PGE-Ni-Cu sulphide mineralisation. The information contained in this article is general information and is for informational purposes only. There is always a risk that market sentiment impacts PURs ability to raise capital. 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. 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. consideration your personal objectives, financial situation or needs. 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 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. Its projects include Mt Carlton, Stawell Corridor Gold, St Arnaud Gold, Jubilee Gold, Tandarra Gold and Known as the Julimar Complex, Chalices discovery was Australias first major palladium discovery, in an entirely new minerals province. balance sheet and inputs from the stock market. 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 score provides a forward-looking, one-year measure of credit 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.
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