Pursuit Minerals immediate strategy is centred on developing their northern Queensland projects: Paperbark and Bluebush and maximising both projects’ valuations through the next base metal price cycle.
A key component of the Pursuit Minerals strategy is to focus its project development and exploration activities in known world-class mineral provinces with the proven pedigree to deliver super-giant base metal deposits. The Paperbark and Bluebush projects are located within the world’s most prolific base metal province, the Mt Isa Super Basin. The Coober Pedy Project is located on the north-west margin of the Gawler Craton, the world’s premier iron oxide copper-gold province.
The company’s immediate objective is to define a high grade core of zinc mineralisation within a massive area — 100 square kilometres — of zinc mineralisation at Bluebush through utilising existing high-quality data and drill hole information. At Paperbark the company will look to optimise the existing Joint Ore Reserves Committee (JORC) compliant mineral resource at the JB Prospect and assess the potential to define copper oxide and copper sulphide mineral resources. The priority for both projects is to ensure the team can capture value as the zinc and copper prices continues to firm over the next 12-36 months.
Leveraging their extensive experience in both the technical and financial sides of minerals transactions, Pursuit Minerals plans to create and capture value within a 24-36 month period.
Opportunities to add value-creating new projects to the company’s portfolio will be continually assessed.