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Pursuit Minerals Limited (ASX:PUR)

ALERT: Price-sensitive ASX Announcement for PUR
Current share price for PUR : $0.089 0.02 (28.99%)+
Announcement
Release
30 Jul 2026 6:20PM
Price at Release
$0.069
Full Release
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Summary
Pursuit Minerals Limited, listed on the ASX as PUR, primarily focuses on the development of their Rio Grande Sur Lithium Project in Argentina and the Sascha Marcelina Gold Project. During the June 2026 quarter, the company expanded its Rio Grande Sur Project with strategic acquisitions and progressed with Pre-Feasibility Study addendums for larger-scale lithium production. The report details their robust exploration activities, cash flow management, and strategic positioning to enhance shareholder value. The company's cash balance stood at $3.068 million AUD, and it holds a significant share in Kendrick Resources PLC. Pursuit Ministries' management remains focused on disciplined cost management and advancing exploration projects, additionally outlining goals for the upcoming September quarter.
Key Points
  • Expansion of the Rio Grande Sur Project with additional tenements.
  • Progress in Pre-Feasibility Studies for larger-scale lithium production.
  • Sascha Marcelina Project targets high-priority exploration.
  • Cash balance of $3.068 million AUD as of 30 June 2026.
  • Holds shares in Kendrick Resources valued at $4.82 million AUD.
  • Focus on disciplined cost management and strategic exploration.
  • Drilling commenced at Mito target to expand lithium resource base.
  • Engagement with strategic investors and stakeholders.
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.