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Pure Resources Limited (ASX:PR1)

ALERT: Price-sensitive ASX Announcement for PR1
Current share price for PR1 : $0.365 0.215 (143.33%)+
Announcement
Release
12 Aug 2025 9:58AM
Price at Release
$0.150
Full Release
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Summary
Pure Resources Limited (PR1) announced that recent metallurgical testwork at its Garnet Hills Project has delivered vanadium extraction rates of up to 98%, marking a significant advance for the project. The results demonstrate a highly efficient roast-leach processing method, featuring low reagent consumption and a simple flow sheet. These positive findings are expected to improve project economics and bolster the development timeline for Garnet Hills, which is being positioned by PR1 as a leading vanadium project in Western Australia. Additional drilling and testwork are planned to further optimize the process and support upcoming engineering and feasibility studies, in response to growing vanadium demand in steelmaking and energy storage sectors.
Key Points
  • Pure Resources Limited (PR1) reported successful metallurgical testwork on its Garnet Hills Project.
  • The testwork achieved up to 98% vanadium extraction from the ore.
  • Metallurgical results suggest an efficient process route for vanadium recovery, involving roast-leach methods.
  • High vanadium extraction rates enhance the economic and development prospects of the Garnet Hills Project.
  • Low reagent consumption and straightforward processing flow sheet are highlighted.
  • Metallurgical advances are expected to improve project economics and support accelerated development.
  • Ongoing studies will inform engineering design and future feasibility work.
  • The company plans to conduct further drilling and metallurgical programs to optimize results.
  • PR1 aims to position Garnet Hills as a leading vanadium project in Western Australia.
  • Vanadium demand is rising due to its use in steel and energy storage applications.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.