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. In this article, we will explain why we have invested in PUR now and the upside we see. Our bull/base/bear case expectations for the maiden JORC resource is as follows: Bull case = >100kt lithium carbonate equivalent. Prior drilling focused on copper and gold and did not assay for PGEs. Shareholders PUR Stock Overview Pursuit Minerals Limited engages in the exploration and development of mineral properties in Australia. 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. 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. Volume reflects consolidated markets. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. 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. has engaged Next Investors to provide this service. 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. Managing a market crash - lessons from March 2020. Pursuit Minerals Ltd - Fresh Equities Lithium brine projects are highly dependent on different variables like weather, flow rates to surface and the variability of grades in the brines. ASX Company Page | The Market Herald ONE, VUL all grown up BPM, LCL finding targets. Located inside Argentinas lithium triangle. Trading, Managed You can do it. We disclose the securities held in relation to a particular company that we provide commentary on. WebPursuit Minerals Ltd. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. It is becoming increasingly apparent that the prospective mafic rocks discovered to date are far more widespread than previously thought. 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. This brings with it potential future consolidation opportunities. 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. 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. 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. With the acquisition will come four highly prospective land positions (a mix of exploration licences and exploration licence applications), totalling 593 square kilometres. 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 has no position in any of the stocks mentioned. May 1, 2023 | Do Not Sell or Share My Personal Information. There is always a risk that market sentiment impacts PURs ability to raise capital. Who are the major shareholders and have insiders been buying or selling? Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. consideration your personal objectives, financial situation or needs. Stocks: 15 20 minute delay (Cboe BZX is real-time), ET. Please read our Financial Services Guide before deciding whether to obtain financial services from us. Follow-up electromagnetic surveys and soil geochemical sampling will be completed in order to define and prioritise drill targets. Even though the forum has been shut down, we have learned a great deal about the industry, from the inside out. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. 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. Bear case = <50kt lithium carbonate equivalent. He moved to Australia in 2010, where he transitioned to analysing the Aussie equity markets. News | PURSUIT MINERALS Stock Price Today - Insider PUR.AX - Pursuit Minerals Ltd Stock Profile - Barchart.com Pursuit Minerals Ltd is an Australian mineral exploration and project development company. Inception Date, First Trade Date, and Leverage. Updated daily, it takes into 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 Sign Up for Take Stock WebMr. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. It focuses on advancing vanadium projects in the world-class mining 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. 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. The Wubin tenement (E70/5493), granted in November 2020, was previously explored for iron deposits by Magnetic Resources NL in 2010. This article contains general investment advice only (under AFSL 400691). What did our investments do this week? Individual aeromagnetic anomalies within this north-south linear belt are prospective for PGE-Ni-Cu mineralisation and will be the focus of initial exploration. Prior exploration focused on bauxite and the bedrock geology is not well known. 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. consideration your personal objectives, financial situation or needs. account day-to-day movements in market value compared to a companys liability structure. -, Pursuit Minerals Issues 3.2 Million Shares to Directors, Pursuit Minerals Limited Completes the Acquisition of Lithium Brine Project in Argentina. Following transfer of all tenements, an additional 10,000,000 shares will be issued to the vendor. 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. shareholders 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. 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. 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. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list. 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. Thats where it will really start to get interesting for PUR investors. 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. About the Data. Pursuit Minerals share price snapshot Patient shareholders in the junior miner have enjoyed a highly profitable 12 months and a great start to 2021. Over the past Pursuit Minerals Limited completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project. 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. Kingsgate conducted further follow-up drilling with 53 aircore holes. Any advice contained on this Website WebPursuit Minerals Ltd is an Australian mineral exploration and project development company. Any advice contained on this Website Funds, Oil & We respectfully acknowledge the Traditional Custodians of the land where we live and work and pay our respects to all Elders, past and present, of all Aboriginal and Torres Strait Islander nations. Objective #1: Drilling program to establish maiden JORC resource estimate. WebAccess detailed premium company data for PUR - Pursuit Minerals Limited including Top 20 shareholders, Director Transactions and more. Pursuit Minerals Ltd. is a mineral exploration and project development company. this thread Last trade - 15.51pm 01/05/2023 (20 minute delay). 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. 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. Disclosure: Disclosure: S3 Consortium Pty Ltd (the Company) and Associated Entities own 25,133,333 PUR shares and 10,000,000 PUR Shares on Trilogy Class B Con Note conversion at the time of publishing. PUR will interpret the available aeromagnetic data to define corridors of aeromagnetic anomalies prospective of PGE-Ni-Cu mineralization. does not constitute personal advice and S3 has not taken into Any 40 more messages in Source: Kantar Media. Gonneville style PGE-Ni-Cu mineralisation is associated with mafic intrusions, which exhibit strong aeromagnetic anomalies. Learn More. The information in this website is general information only. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. The information contained in this article is general information and is for informational purposes only. 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. Past performance is not necessarily indicative of future returns. MINERALS We participated in the $2M PUR cap raise (December 2022). Mr Bob Affleck Managing Director Mr Mark May 1, 2023 | Mandrakes Jimperding Project lies approximately 30 kilometres east of Chalice. 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. 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. Argosy Minerals Ltd Based on this timeline, PUR could very well see a re-rate ahead of drilling. -, Pursuit Minerals Issues 3.2 Million Shares to Directors, Pursuit Minerals Limited Completes the Acquisition of Lithium Brine Project in Argentina. Investment news, stock ideas, and more, straight to your inbox. It explores projects including the Koitelainen project and Karhujupukka project located in Finland, Central Sweden projects and the Airijoki project located in Sweden. It focuses on advancing vanadium projects in the world-class mining jurisdictions of Finland and Sweden. Top 20 Shareholders. Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. Barchart shows different data on the Profile page, depending on the symbol's asset type. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. 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. S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised Moodys Daily Credit Risk Score is a 1-10 score of a companys credit risk, based on an analysis of the firms Secure and increase the performance of your investments with our team of experts at your side. Before we go too far, a word of caution is required. Secure and increase the performance of your investments with our team of experts at your side. However, the geological structure appears to be quite complicated with significant folding and faulting of some of the narrower ultramafic units. The Gladiator Gold Project consists of four exploration licenses located approximately 10 km northwest of Laverton in Western Australia. Pursuit Minerals Ltd (ASX: PUR) shares are off to the races today, up more than 35% to 5 cents in afternoon trading. There is currently extensive interest in the Julimar region. Specifications include: Ratios for equities display the following information: Jump-Start Your Search For Promising Trade Ideas With Barcharts Top Stock Pick. Pursuit Minerals Limited completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project. 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. The Gladiator Gold Project consists of four exploration licenses located approximately 10 km northwest of Laverton in Western Australia. Over the past year, the Pursuit Minerals share price is up 400%. It explores projects including the Koitelainen project and Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. PURSUIT MINERALS LIMITED : Shareholders Board Having identified the prospective mafic and ultramafic intrusions, electromagnetic surveys will be conducted over the source of the aeromagnetic anomalies to generate drilling targets. 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. 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. A few new ideas could spring from the original idea of Bullseye to help investors. 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). 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. risk, allowing investors to make better decisions and streamline their work ow. Objective #2: Pilot plant construction to show recovery potential. For stocks, all fundamental information is provided by Zachs Investment Research. We are continuously working to improve our web experience, and encourage users to. Here are the companies currently in the region including Chalice. WebTop 20 Shareholders About the Data Show All Shareholder Distribution As reported in the most recent Annual Report. 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. Patient shareholders in the junior miner have enjoyed a highly profitable 12 months and a great start to 2021. Bernd Struben earned his economics degree in the US. Looking at the acquisition terms, we think they are very reasonable for PUR shareholders. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Pursuit Minerals Ltd | LinkedIn Learn about investing with our Investing Education hub. 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. WebPursuit Minerals Ltd. annual balance sheet for PUR.AU company financials. 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 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. 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. WebPursuit Minerals Ownership Who are the major shareholders and have insiders been buying or selling? Post acquisition PUR will have a fully diluted market cap of ~$31M, which is low compared to other lithium brine players Argosy Minerals ($828M). advice is general advice only. By clicking this button, you agree to our. 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). Early stage CHN investors were well rewarded by this discovery, with the stock returning 1,600% since January. representative of LeMessurier Securities Pty Ltd (AFSL No. The Wubin tenement area contains widespread, but isolated, greenstone remnants. Pursuit Minerals (ASX:PUR) - Next Investors The information in this website is general information only. 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. Phone: (03) 8592 4841 We take a look at the ASX miners latest AEM results. Bernd Struben, Just one year ago Australias official cash rate stood at 0.10%. 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. WebASX:PUR - Investor presentation, announcements, cashflow waterfall chart, news, capital raise history, & sector peers. Stock summary - Australian Stock Market - Small Caps 1,600% Gain Sparks Julimar Explorer Race - We Just Found the 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. HSBC CUSTODY NOMINEES LIMITED: 156,251,137: 10.04%: 2: 2. PURSUIT MINERALS LIMITED : Shareholders Board Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Plus500. Project sits inside an already giant resource. End-of-day quote Australian Stock Exchange Pursuit Minerals Ltd (ASX: PUR) shares have been placed in a trading halt pending a capital raise. 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 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. PURs Warrior project is also TO MAKE THE WORLD To receive ALL our alerts fill out your details below. Axiom Mining Ltd WebA substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. 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. Pursuit Minerals Limited (PUR, formerly Burrabulla All rights reserved. This article may include references to our past investing performance. Now its 3.60%. Accordingly you should consider how appropriate the advice (if any) is 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. Pursuit Minerals The company believes these have the potential to be due to PGE-Ni-Cu sulphide mineralisation. AProfilefor a commodities contract contains theContract Specifications. have bought more shares than they have sold in the past 3 months. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. The aeromagnetic data suggests that the ultramafic rocks prospective for PGE-Ni-Cu mineralisation are more widespread than indicated by surface outcrops. These same anomalies are known to host the PGE-Ni-Cu mineralisation at the Chalice Mining Ltd (ASX: CHN) Julimar Project. 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. Accordingly you should consider how appropriate the advice (if any) is Its ground sits just 50km from CHNs PGE-nickel-copper discovery at Julimar. These ASX shares are starting the week in a positive fashion. Data supplied by Morningstar and accurate on Sep 19, 2000 - 2023 HotCopper. Caution: This is early stage exploration, with no guarantee of success. Simon Taylor BSc, The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. Bullseye is being shut down. Get Started Investing The score provides a forward-looking, one-year measure of credit He employs a combination of macro economics and company specific data to gauge what he believes are tomorrow's best investments. a measure of one basis point change in the futures price. 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. S3 Consortium Pty Ltd (S3, we, us, our) (CAR No. Pursuit Minerals Ltd is an Australian mineral exploration and project development company. PUR.AU | Pursuit Minerals Ltd. Financial Statements - WSJ Hear our experts take on shares, the market & how to invest. All rights reserved. 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. 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. The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. PUR.AU | Pursuit Minerals Ltd. Annual Balance Sheet - WSJ The company was founded in 2007 and is headquartered in Brisbane, Australia. SMARTER, HAPPIER, AND RICHER. Directors and Management The YTD, 1-3- and 5-Year Returns are adjusted for dividends and splits. The Pursuite Minerals share price is surging today after the company reported its preliminary AEM survey had detected five strong electromagnetic (EM) conductors. Magnetic Resources Limited only completed limited surface sampling and drilling. 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. Our friendly customer service team will happily get back to you as soon as they can. 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. Please seek your own independent professional advice before making any financial investment decision. Lithium is currently trading at all time-highs. 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. Sebastian Bowen. Shareholder percentage totals can add to more than 100% because some holders are included in the free float. Pursuit Minerals Ltd. is a mineral exploration and project development company. Past performance is not a reliable indicator of our future investing performance. A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash 296877). It's not possible to publish a real-time Top 20 Shareholder list. Navarre Minerals Limited is an Australia-based gold, silver and copper producer. Pursuit Minerals