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Pursuit Minerals Limited (ASX:PUR)

ALERT: Price-sensitive ASX Announcement for PUR
Current share price for PUR : $0.087 0.022 (33.85%)+
Announcement
Release
3 Jul 2026 8:20AM
Price at Release
$0.065
Full Release
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Summary
Pursuit Minerals Limited has commenced Drill Hole 3 at its Rio Grande Sur Lithium Project in Argentina, focusing on lithium-rich brine aquifers. The exploration involves standardized sampling techniques and has yielded results from drill holes DDH-1 and DDH-2. The project is backed by pilot-scale lithium carbonate production assumptions, with plans for further drilling to refine resource classification and extraction. Infrastructure, including evaporation ponds and processing facilities, supports the project's development.
Key Points
  • Drill Hole 3 has commenced at the Rio Grande Sur Lithium Project.
  • The project is located in Argentina, targeting lithium-rich brine aquifers in dried salt lakes.
  • The company's exploration results include details on drill holes DDH-1 and DDH-2.
  • Pursuit Minerals is utilizing standardized sampling and testing techniques to ensure data integrity.
  • The project's processing assumptions are based on pilot-scale lithium carbonate production.
  • Further drilling and testing are planned to enhance resource classification and extraction methods.
  • The project is supported by infrastructure development, including evaporation ponds and processing facilities.
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.