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Pursuit Minerals Limited (ASX:PUR)

ALERT: Price-sensitive ASX Announcement for PUR
Current share price for PUR : $0.070 -0.027 (-27.84%)+
Announcement
Release
30 Apr 2026 8:21AM
Price at Release
$0.097
Full Release
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Summary
Pursuit Minerals Limited's March 2026 Quarterly Activities and Cashflow Report outlines the company's progress on its projects in Argentina, including the Rio Grande Sur Lithium Project and the Sascha Marcelina Gold Project. During the quarter, a Pre-Feasibility Study for the Rio Grande Sur project was completed, confirming it as a low-cost, technically robust lithium project with a 25-year mine life. The company is also advancing its Sascha Marcelina project, targeting high-priority gold zones. Financially, the company reported a cash balance of approximately $5.163 million AUD as of 31 March 2026, with ongoing efforts to reduce costs. Drilling and development activities are planned for the June 2026 Quarter to support resource expansion and project scaling.
Key Points
  • Completion of Pre-Feasibility Study for Rio Grande Sur Lithium Project
  • Rio Grande Sur confirmed as a low-cost, technically robust project
  • Sascha Marcelina Gold Project targets identified for exploration
  • Cash balance of $5.163 million AUD as of 31 March 2026
  • Planned drilling and expansion activities in June 2026 Quarter
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.