Join thousands of other Investors following our stock commentary for Free, Interested in more investment opportunities? 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. I'm taking the "L" and moving on. 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. We disclose the securities held in relation to a particular company that we provide commentary on. There is always a risk that PURs project doesn't meet the levels required for its project to be operated commercially. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. 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. Prior drilling focused on copper and gold and did not assay for PGEs. does not constitute personal advice and S3 has not taken into Caspin Resources (ASX:CPN), is a spin off from Cassini Resources (ASX: CZI) and has two West Australian gold and nickel projects. 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. PURs Warrior project is also located just 50km north-east of Chalice minings discovery in the new minerals province known as the Julimar Complex. The Company discovers, develops and operates gold projects within Australias premier gold districts in Victoria and Queensland. It focuses on advancing vanadium projects in the world-class mining jurisdictions of Finland and Sweden. Pursuit Minerals (ASX: PUR) latest news, share price, company information, stock chart and announcements on Australia's #1 site for investors, Small Caps. WebRagusa Minerals Ltd (RAS, formerly SIV Asset Management Limited) operate in the mineral exploration sector focusing on exploration for gold and associated minerals. Currently, RAS is focusing on its flagship project Lonely Mine Project. Earlier this year, Chalice Gold Mines Ltd (ASX: CHN) made a groundbreaking discovery that sent its share price soaring. 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). We note that hedge funds don't have a meaningful investment in Auteco Minerals. PUR - Now a $31M advanced stage lithium stock, Why we invest in Oil & Gas and Precious Metals. The company believes these have the potential to be due to PGE-Ni-Cu sulphide mineralisation. 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. Caution: This is early stage exploration, with no guarantee of success. 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. The information contained in this article is current as at the publication date. With todays intraday moves taken into account, Pursuit Minerals shares are up 150% year to date. Stocks: 15 20 minute delay (Cboe BZX is real-time), ET. All rights reserved. The project includes well defined magnetic anomalies ready for geophysical surveys to define drill targets. WebASX:PUR - Investor presentation, announcements, cashflow waterfall chart, news, capital raise history, & sector peers. 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. & Taxation. consideration your personal objectives, financial situation or needs. 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. 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. 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. does not constitute personal advice and S3 has not taken into Prior exploration focused on bauxite and the bedrock geology is not well known. Bought CBA shares in June? to those objectives, financial situation and needs, before acting on the International stock quotes are delayed as per exchange requirements. Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. 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. 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. What did our investments do this week? The soaring share price comes following the companys announcement of promising airborne electromagnet (AEM) data from its Calingiri East exploration licence on the Warrior PGE-Ni-Cu project in Western Australia. The Gladiator Gold Project consists of four exploration licenses located approximately 10 km northwest of Laverton in Western Australia. 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 Ltd is an Australian mineral exploration and project development company. Objective #2: Pilot plant construction to show recovery potential. Post acquisition PUR will have a fully diluted market cap of ~$31M, which is low compared to other lithium brine players Argosy Minerals ($828M). consideration your personal objectives, financial situation or needs. WebPursuit Minerals Ltd. annual balance sheet for PUR.AU company financials. 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. 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 With the acquisition will come four highly prospective land positions (a mix of exploration licences and exploration licence applications), totalling 593 square kilometres. Managing a market crash - lessons from March 2020. risk, allowing investors to make better decisions and streamline their work ow. has engaged Next Investors to provide this service. These ASX shares are having a tough start to the week. The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. Who are the major shareholders and have insiders been buying or selling? We have also been following the private Argentinian lithium asset being acquired by PUR since October this year, and also have an interest in this company after participating in a pre-listing capital raise, which will convert to PUR shares post transaction. Shareholding changes less than 1% do not require notification to the market. Before we go too far, a word of caution is required. The Combatant PGE-Ni-Cu Project lies approximately 270 km northeast from Geraldton and 210 km west of Meekatharra. Pursuit Minerals Limited is an Australia-based mineral exploration and project development company. 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. 337927). 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. S3 Consortium Pty Ltd (S3, we, us, our) (CAR No. PUR is set to acquire the Warrior PGE-Nickel-Copper Project, nestled in the Western Gniess Terrane, sandwiched between CPN and CHN. Secure and increase the performance of your investments with our team of experts at your side. Authorised by Bruce Jackson. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. -, Pursuit Minerals Issues 3.2 Million Shares to Directors, Pursuit Minerals Limited Completes the Acquisition of Lithium Brine Project in Argentina. ONE, VUL all grown up BPM, LCL finding targets. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Delayed Australian Stock Exchange This is a high risk, high reward investment. The Wubin tenement area contains widespread, but isolated, greenstone remnants. Here are the companies currently in the region including Chalice. Whats driving the Pursuit Minerals (ASX:PUR) share price 35% higher? Even though the forum has been shut down, we have learned a great deal about the industry, from the inside out. This article contains general investment advice only (under AFSL 400691). 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. Simon Taylor BSc, 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 The Company's projects include Warrior PGE-Ni-Cu Project, Commando Gold Project, Gladiator Gold Project, and Combatant PGE-Ni-Cu-Au Project. Short sellers are gunning forthese ASX shares. Get expert stock analysis direct in your inbox. 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. Gas, Tax The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. Accordingly you should consider how appropriate the advice (if any) is Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. May 1, 2023 | 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. MINERAL RESOURCES LIMITED: 126,313,746: 8.11% Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. Contact Details: 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. Futures and Forex: 10 or 15 minute delay, CT. Market Data powered by Barchart Solutions. Pursuit Minerals Ltd (ASX: PUR) shares have been placed in a trading halt pending a capital raise. 2000 - 2023 HotCopper. Rank Top 20 Investors Number of Shares % Issued Capital; 1: 1. Our latest articles and strategies for the post-work life you want. Our friendly customer service team will happily get back to you as soon as they can. [[ data.eventTime | date: 'EEE, MMM dd, yyyy h:mm a' ]] [[ zone ]]. Accordingly you should consider how appropriate the advice (if any) is In this article, we will explain why we have invested in PUR now and the upside we see. Recent Insider Transactions Insider Trading Volume Insider Buying: 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. 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 These ASX shares are starting the week in a positive fashion. Copyright FactSet Research Systems Inc. All rights reserved. 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. Pursuit has put together a formidable geological and geophysical team, appointing Mathew Perrot as Exploration Geologist to be assisted by Ian Lowie as Operations Manager and Barry Bourne as Project Geophysicist. 1832 Asset Management L.P. is currently the largest shareholder, with 10.0% of shares outstanding. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. PUR drilling again. WebPursuit Minerals Limited Suite 4, 246-250 Railway Parade West Leederville WA 6007 Australia +61 8 6500 3271. The information contained in this article is general information and is for informational purposes only. The Motley Fool has a disclosure policy. 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. Trading, Managed This brings with it potential future consolidation opportunities. Past performance is not a reliable indicator of our future investing performance. The Wubin tenement (E70/5493), granted in November 2020, was previously explored for iron deposits by Magnetic Resources NL in 2010. Shareholder percentage totals can add to more than 100% because some holders are included in the free float. The views of the author may not reflect the views of the AFSL holder. 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. Entrepreneur life goes like that - you win some and lose some. Listen to Our Podcast 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). The ultimate aim of the drilling program will be to establish a maiden JORC resource estimate for its project. We take a look at the ASX miners latest AEM results. PURs project sits in a region home to ~50% of global lithium supply, dubbed the lithium triangle of Argentina. Lithium is currently trading at all time-highs. 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 Join our flagship membership service, Share Advisor. Should Pursuits Exploration Licence Applications (ELAs) be approved, its landholding will be four times that of the ELA comprising Mandrakes Jimperding Project. 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. 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. S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised 296877). 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. In his free time, you're likely to find Bernd at the beach or dabbling away on a new work of science fiction. Team includes the founding chairman of $1.7BN Syrah Resources - Tom Eadie, and Kyle Stevenson was also the founder of Millennial Lithium which was eventually sold for CAD$491M. WebMr. I took on HotCopper and Lost. The Company is focused on platinum group elements, nickel and copper (PGE-Ni-Cu) and gold. Follow-up electromagnetic surveys and soil geochemical sampling will be completed in order to define and prioritise drill targets. PURs ground sits inside an area where another company has already defined a foreign resource of 2.1mt lithium carbonate equivalent. How do Fund Managers Invest in Small Cap Stocks? Volume reflects consolidated markets. representative of LeMessurier Securities Pty Ltd (AFSL No. Plus500. When Might Pursuit Minerals Run Out Of Money? Data may be intentionally delayed pursuant to supplier requirements. The Commando Gold Project is 38 km north from Kalgoorlie Project. 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. Past performance is not necessarily indicative of future returns. Inception Date, First Trade Date, and Leverage. 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. 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. Its projects include Mt Carlton, Stawell Corridor Gold, St Arnaud Gold, Jubilee Gold, Tandarra Gold and A new 52-week high and massive share price volatility are driving some of the most-traded ASX shares today. It explores projects including the Koitelainen project and Karhujupukka project located in Finland, Central Sweden projects and the Airijoki project located in Sweden. HSBC CUSTODY NOMINEES LIMITED: 156,251,137: 10.04%: 2: 2. 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 WebTop 20 Shareholders About the Data Show All Shareholder Distribution As reported in the most recent Annual Report. 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. Source: FactSet. 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. Chalice backed Caspin in its IPO taking a 10 per cent stake. Copyright 2023 Surperformance. We are hoping this re-rates the company to a market cap of >$1bn (similar to what peer company Argosy achieved). 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. 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 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. The Company's projects include Warrior PGE-Ni-Cu Project, Commando Gold Project, Gladiator Gold Project, and Combatant PGE-Ni-Cu-Au Project. It expects to complete its overall Warrior AEM survey before the end of March. Known as the Julimar Complex, Chalices discovery was Australias first major palladium discovery, in an entirely new minerals province. Right-click on the chart to open the Interactive Chart menu. Pursuit Minerals Ltd 246-250 Railway Parade Suite 4 Leederville WA 6007 AUS. 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. Project sits inside an already giant resource. Substantial Shareholders No Substantial Shareholders for Win at Retirement WebAccess detailed premium company data for PUR - Pursuit Minerals Limited including Top 20 shareholders, Director Transactions and more. WebPursuit Minerals Ltd. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements. 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. This does not mean PUR will be able to define a resource of its own, there is always a chance that the ground PUR holds is considered uneconomic and no resource estimate is produced. AProfilefor a commodities contract contains theContract Specifications. WebPursuit Minerals Ownership Who are the major shareholders and have insiders been buying or selling? Stephens is a former director of Odin Metals Limited (formerly Lawson Gold Limited) (resigned February 2018), Mithril Resources Ltd (resigned May 2019) and Gooroo Ventures Limited (resigned January 2020). Please read our Financial Services Guide before deciding whether to obtain financial services from us. The Pursuit Minerals (ASX:PUR) share price is off to the races today, up 35%. An ETF Profile page also shows general information about the fund, but also adds information such as a link to the Fund Family. A few new ideas could spring from the original idea of Bullseye to help investors. Low market cap relative to advanced peers. WebSummit Minerals Limited (SUM) is an Australian-focused ASX-listed battery mineral exploration company with a portfolio of projects in demand-driven commodities. Learn More. Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. 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). James Mickleboro. It's not possible to publish a real-time Top 20 Shareholder 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. Base case = 50-100kt lithium carbonate equivalent. 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. Most of the drilling in the Rio Grande salar (salt lake) has been down to depths of ~100m. 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. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. As you can see above, all of the companies in the Julimar area are capped at much higher valuations than PUR, with investors hoping for another CHN-like discovery. The YTD, 1-3- and 5-Year Returns are adjusted for dividends and splits. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. The Company's projects include Warrior PGE-Ni-Cu All rights reserved. advice is general advice only. 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. Pursuit Minerals Ltd. is a mineral exploration and project development company. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. 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. As of today, there is a new contender in the province. The score provides a forward-looking, one-year measure of credit Next Investors invests in companies and shares updates, and commentary on their business execution and progress. It explores projects including the Koitelainen project and 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. There is always a risk that market sentiment impacts PURs ability to raise capital. About the 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. advice. Thats where it will really start to get interesting for PUR investors. Given Chalices success, it isnt surprising to see that the area has become a hot spot for investors. Bernd Struben earned his economics degree in the US. Lithium brine projects are highly dependent on different variables like weather, flow rates to surface and the variability of grades in the brines. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). 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. a measure of one basis point change in the options price. The Motley Fool Australia has no position in any of the stocks mentioned. Change value during other periods is calculated as the difference between the last trade and the most recent settle. These batteries are required to power electric vehicles (EVs) AND to store energy for managing the ongoing global energy crisis. To view the entire thread just sign in or Join Now (FREE), Australia's largest stock tradingand investment forum. advice. Over the past Analysts believe that now could be the time to add these shares to your portfolio May 1, 2023 | 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. Bernd Struben, Just one year ago Australias official cash rate stood at 0.10%.
Millcreek Township School District Salaries,
Yolo County Housing Authority Payment Standards,
2022 New Mexico Governor Race,
Has Sterling Scored Against Man U,
Articles P