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Pursuit Minerals Limited (ASX:PUR)

ALERT: Price-sensitive ASX Announcement for PUR
Current share price for PUR : $0.089 0.011 (14.10%)+
Announcement
Release
14 Apr 2026 8:16AM
Price at Release
$0.078
Full Release
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Summary
Pursuit Minerals Limited has completed an advanced reprocessing of CSAMT data at its Mito tenement, part of the Rio Grande Sur Lithium Project, resulting in a significant improvement in subsurface imaging resolution. This revealed a large, coherent conductive system, interpreted as a priority brine target, extending from 250 metres to beyond one kilometre in depth. The reprocessing data has enabled the definition of high-confidence drill targets and supported a planned three-hole drilling program aimed at unlocking additional brine resources. The Mito tenement is positioned as a key growth front within the project, offering substantial potential for resource expansion.
Key Points
  • Advanced CSAMT reprocessing improved depth penetration and resolution.
  • A large conductive zone identified as a priority brine target.
  • The target extends from ~250 metres to over 1 kilometre depth.
  • Strong geological consistency across survey lines.
  • Planned three-hole drilling program totalling approximately 3,200 metres.
  • Mito tenement identified as a key growth front for the Rio Grande Sur Project.
  • Positioning Mito as a high-impact opportunity for resource growth.
  • Integration of reprocessed geophysical data strengthens geological model.
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.