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. Email: [emailprotected] With todays intraday moves taken into account, Pursuit Minerals shares are up 150% year to date. 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. Based on this timeline, PUR could very well see a re-rate ahead of drilling. To view the entire thread just sign in or Join Now (FREE), Australia's largest stock tradingand investment forum. Objective #1: Drilling program to establish maiden JORC resource estimate. A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash Get expert stock analysis direct in your inbox. The Wubin tenement (E70/5493), granted in November 2020, was previously explored for iron deposits by Magnetic Resources NL in 2010. Pursuit Minerals Ltd (ASX: PUR) shares are off to the races today, up more than 35% to 5 cents in afternoon trading. Air core drilling commenced at its Warrior Project in WA. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list. Shareholding changes less than 1% do not require notification to the market. We participated in the $2M PUR cap raise (December 2022). 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. The YTD, 1-3- and 5-Year Returns are adjusted for dividends and splits. Sign Up for Take Stock Bought CBA shares in June? WebPURSUIT MINERALS LIMITED : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Australian Stock Youre viewing a single post only. With the acquisition will come four highly prospective land positions (a mix of exploration licences and exploration licence applications), totalling 593 square kilometres. Investment news, stock ideas, and more, straight to your inbox. a measure of one basis point change in the futures price. Surrounding companies have seen solid re-rates since entering the area. 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. We are hoping this re-rates the company to a market cap of >$1bn (similar to what peer company Argosy achieved). Lithium mineralisation is interpreted to extend down to depths of ~500m in depth leaving plenty of exploration upside for PUR to chase. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. The Calingiri West tenement application, E70/5378), is located between the Julimar (Chalice Mines Limited) and Yarawindah (OZ Minerals Limited) Ni-Cu-PGE projects. WebPursuit Minerals Ltd is an Australian mineral exploration and project development company. advice is general advice only. The project includes well defined magnetic anomalies ready for geophysical surveys to define drill targets. 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 Minerals (ASX:PUR) highlights REE mineralisation potential at Warrior, WA Pursuit Minerals (PUR) has highlighted the potential for rare earth element (REE) Jessica De Freitas 25 November 2022 15:42 (AEDT) 1.5K views 2 minute read ASX News Mining Pursuit Minerals (ASX:PUR) returns multiple high-grade gold sample Barchart is committed to ensuring digital accessibility for individuals with disabilities. Before we go too far, a word of caution is required. We note that hedge funds don't have a meaningful investment in Auteco Minerals. MINERAL RESOURCES LIMITED: 126,313,746: 8.11% Inception Date, First Trade Date, and Leverage. does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. PURs Warrior project is also located just 50km north-east of Chalice minings discovery in the new minerals province known as the Julimar Complex. 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. Australia's largest stock trading and investment forum, Algorithmic the Underlying Index. 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. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. 2023 Barchart.com, Inc. All Rights Reserved. Given the company is yet to commence producing any cashflows the need to raise capital may weigh on the companys share price. 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. PUR - Now a $31M advanced stage lithium stock, Why we invest in Oil & Gas and Precious Metals. The information contained in this article is general information and is for informational purposes only. Do Not Sell or Share My Personal Information. 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. About the company Risk Analysis Bernd Struben, Just one year ago Australias official cash rate stood at 0.10%. The aeromagnetic data suggests that the ultramafic rocks prospective for PGE-Ni-Cu mineralisation are more widespread than indicated by surface outcrops. I'm taking the "L" and moving on. risk, allowing investors to make better decisions and streamline their work ow. 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 balance sheet and inputs from the stock market. 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. 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 He moved to Australia in 2010, where he transitioned to analysing the Aussie equity markets. The Gladiator Gold Project consists of four exploration licenses located approximately 10 km northwest of Laverton in Western Australia. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). The area also remains prospective for Boddington-style porphyry gold and/or copper mineralisation. Base case = 50-100kt lithium carbonate equivalent. The Motley Fool Australia has no position in any of the stocks mentioned. View PUR.AU financial statements in full. Those are comprised of palladium (Pd), iridium (Ir), osmium (Os), rhodium (Rh) and ruthenium (Ru).). The final data is expected by the middle of April. PUR has a tiny market cap, and this is early stage exploration. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Low market cap relative to advanced peers. Accordingly you should consider how appropriate the advice (if any) is Open menu Quick Company Search Now its 3.60%. It focuses on advancing vanadium projects in the world-class mining jurisdictions of Finland and Sweden. 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. Earlier this year, Chalice Gold Mines Ltd (ASX: CHN) made a groundbreaking discovery that sent its share price soaring. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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 (ASX: PUR) latest news, share price, company information, stock chart and announcements on Australia's #1 site for investors, Small Caps. 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 Chalice backed Caspin in its IPO taking a 10 per cent stake. 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. Any advice is general advice only. WebUpon exercise of the option, Pursuit will issue up to 20 million additional shares, capped at 9.9% of the issued and outstanding shares of PUR. Any advice contained on this Website PURs project sits inside an already established foreign resource estimate of 2.1mt lithium carbonate equivalent. 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. Following transfer of all tenements, an additional 10,000,000 shares will be issued to the vendor. 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. Mandrakes Jimperding Project lies approximately 30 kilometres east of Chalice. Entrepreneur life goes like that - you win some and lose some. representative of LeMessurier Securities Pty Ltd (AFSL No. Those persons acting upon information contained in this article do so entirely at their own risk. 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. Specifications include: Ratios for equities display the following information: Jump-Start Your Search For Promising Trade Ideas With Barcharts Top Stock Pick. WebASX:PUR - Investor presentation, announcements, cashflow waterfall chart, news, capital raise history, & sector peers. Win at Retirement Caution: This is early stage exploration, with no guarantee of success. Past performance is not a reliable indicator of our future investing performance. Funds, Oil & Plus500. Individual aeromagnetic anomalies within this north-south linear belt are prospective for PGE-Ni-Cu mineralisation and will be the focus of initial exploration. Pursuit Minerals (ASX: PUR) is developing an advanced lithium brine project in Argentina. Post acquisition PUR will have a fully diluted market cap of ~$31M, which is low compared to other lithium brine players Argosy Minerals ($828M). Pursuit Minerals Ltd is an Australian mineral exploration and project development company. AProfilefor a commodities contract contains theContract Specifications. Data supplied by Morningstar and accurate on Sep 19, Pursuit Minerals Ltd is an Australian mineral exploration and project development company. Even though the forum has been shut down, we have learned a great deal about the industry, from the inside out. Tristan Harrison. Fundamental company data and analyst estimates provided by FactSet. Contact Details: Join Our Premium Community Futures and Forex: 10 or 15 minute delay, CT. Market Data powered by Barchart Solutions. We want to see PUR drill to depths of ~500m where mineralisation is interpreted to extend to. The Motley Fool Australia operates under AFSL 400691. 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. 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. Pursuit Minerals Limited (ASX:PUR) is a junior exploration company that is aiming to make a PGE-Nickel-Copper discovery in Western Australia. 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. WebPursuit Minerals Limited (ASX:PUR) is a junior exploration company that is aiming to make a PGE-Nickel-Copper discovery in Western Australia. Pursuit Minerals Limited (PUR, formerly Burrabulla DIRECTORS. Source: FactSet. Whats driving the Pursuit Minerals (ASX:PUR) share price 35% higher? For more information please see our Financial Services Guide. Any advice contained on this Website The 1-3- and 5-Year Returns are adjusted for splits. 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. Mr Bob Affleck Managing Director Mr Mark 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. The Company has been engaged by PUR to share our commentary on the progress of our Investment in PUR over time. (For the uninitiated, Ni stands for nickel, Cu is copper, while PGE stands for platinum group elements. S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised WebPursuit Minerals Limited Suite 4, 246-250 Railway Parade West Leederville WA 6007 Australia +61 8 6500 3271. Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. In this article, we will explain why we have invested in PUR now and the upside we see. Learn about investing with our Investing Education hub. 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 Motley Fool Australia does not guarantee the performance of, or returns on any investment. How do Fund Managers Invest in Small Cap Stocks? Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Magnetic Resources Limited only completed limited surface sampling and drilling. I took on HotCopper and Lost. SMARTER, HAPPIER, AND RICHER. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. The score provides a forward-looking, one-year measure of credit Patient shareholders in the junior miner have enjoyed a highly profitable 12 months and a great start to 2021. We have taken a large position in this one, as we see near term upside in the coming months - and beyond: PUR has just announced it is set to acquire a 593km2 tenement package in the terrane, a mere 50km north east of CHNs monstrous discovery. S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised PUR drilling again. The Company discovers, develops and operates gold projects within Australias premier gold districts in Victoria and Queensland. The discovery is shaping up to be a major deposit of critical metals for a clean energy future and includes palladium, nickel and copper. Caspin Resources (ASX:CPN), is a spin off from Cassini Resources (ASX: CZI) and has two West Australian gold and nickel projects. WebA substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. 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. WebPursuit Minerals Ltd. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. 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. 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. 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. Copyright 2023 Surperformance. PURs project sits in a region home to ~50% of global lithium supply, dubbed the lithium triangle of Argentina. It is becoming increasingly apparent that the prospective mafic rocks discovered to date are far more widespread than previously thought. These same anomalies are known to host the PGE-Ni-Cu mineralisation at the Chalice Mining Ltd (ASX: CHN) Julimar Project. have bought more shares than they have sold in the past 3 months. Please seek your own independent professional advice before making any financial investment decision. The information contained in this article is current as at the publication date. Shareholder percentage totals can add to more than 100% because some holders are included in the free float. Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. Bernd Struben earned his economics degree in the US. The business operating segment includes; Australian Projects, Norway projects, Finnish projects and Swedish projects. Bullseye is being shut down. Early stage CHN investors were well rewarded by this discovery, with the stock returning 1,600% since January. PUR Stock Overview Pursuit Minerals Limited engages in the exploration and development of mineral properties in Australia. 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. Over the past For stocks, all fundamental information is provided by Zachs Investment Research. The Wubin tenement area contains widespread, but isolated, greenstone remnants. In his free time, you're likely to find Bernd at the beach or dabbling away on a new work of science fiction. The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. Past performance is not necessarily indicative of future returns. 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. 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. 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. We like the current valuation of $10M market cap and having recently raised $2M the company appears reasonably funded going into exploration and drilling. Should Pursuits Exploration Licence Applications (ELAs) be approved, its landholding will be four times that of the ELA comprising Mandrakes Jimperding Project. Learn More. There is always a risk that the market interest for lithium decreases and in turn appetite to invest in companies like PUR decreases. Pursuit Minerals Limited completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project. WebRagusa Minerals Ltd (RAS, formerly SIV Asset Management Limited) operate in the mineral exploration sector focusing on exploration for gold and associated minerals. Dow Jones, a News Corp Who are the major shareholders and have insiders been buying or selling? Located inside Argentinas lithium triangle. a measure of one basis point change in the options price. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. Pursuit Minerals Ltd 246-250 Railway Parade Suite 4 Leederville WA 6007 AUS. What did our investments do this week? There is always a risk that market sentiment impacts PURs ability to raise capital. Pursuit Minerals Limited completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project. All rights reserved. For full detail of the tenements' geology and past exploration, please see PURs announcement here. consideration your personal objectives, financial situation or needs. We disclose the securities held in relation to a particular company that we provide commentary on. 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. May 1, 2023 | A new 52-week high and massive share price volatility are driving some of the most-traded ASX shares today. to those objectives, financial situation and needs, before acting on the The company was founded in 2007 and is headquartered in Brisbane, Australia. Currently, RAS is focusing on its flagship project Lonely Mine Project. account day-to-day movements in market value compared to a companys liability structure. May 1, 2023 | It explores projects including the Koitelainen project and Karhujupukka project located in Finland, Central Sweden projects and the Airijoki project located in Sweden. Lithium brine projects are highly dependent on different variables like weather, flow rates to surface and the variability of grades in the brines. Copyright FactSet Research Systems Inc. All rights reserved. Looking at the acquisition terms, we think they are very reasonable for PUR shareholders. Please read our Financial Services Guide before deciding whether to obtain financial services from us. 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. Data may be intentionally delayed pursuant to supplier requirements. Recent Insider Transactions Insider Trading Volume Insider Buying: Please remember that investments can go up and down. When Might Pursuit Minerals Run Out Of Money? Objective #2: Pilot plant construction to show recovery potential. 296877). 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. 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. 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. 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. Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 173.5%. Simon Taylor BSc, 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. 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. 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. It's not possible to publish a real-time Top 20 Shareholder list. The Pursuit Minerals (ASX:PUR) share price is off to the races today, up 35%. in the past year, with total shares outstanding growing by 173.5%.