The Company’s principal business objectives are, and will continue to be, the acquisition, exploration, development and operation of Lithium and other precious battery metal mineral projects and mines.
In the near term, the Company intends to focus on:
The Rio Grande Sur Lithium project provides the Company with an exciting pathway to potential Li production from brines in Argentina. The 5 tenements comprising the Rio Grande Sur Lithium Project are located on the Rio Grande Salar which hosts a Ni43-101 resource of 2.1mt LCE (Lithium Carbonate Equivalent) at 380mg/Lithium. The project is complimented by a Lithium Carbonate Pilot Plant with a nameplate capacity of 100tpa in the city of Salta. This plant is currently being commissioned by Pursuit to produce Lithium Carbonate from the Rio Grande Sur Project.
Warrior PGE-Ni-Cu – Gold – REE
The Warrior PGE-Nickel-Copper Project covers a series of prominent magnetic anomalies similar to the mafic and ultramafic Gonneville intrusion. Pursuit exploration work since mid-2021 has outlined a 1.8km sulphide mineralising system at Phil’s Hill and +800m long basement gold mineralisation at Ablett Prospect. Recent reviews have also located anomalous REE’s at Ablett and Phil’s Hill up to 2600ppm (0.26%) in overburden regolith.
Calingiri West tenement covers part of the Sovereign Magnetic Complex as interpreted by Devex Resources (ASX: DEV) and is immediately adjacent to late-time airborne electromagnetic anomalies recently defined by Devex.
Pursuit signed an option to acquire 100% of the Commando Gold Project near Broad Arrow WA in December 2021 and finalised the purchase in De ember 2022. The project comprises 11 very prospective tenements close to million-ounce deposits at the Golden Cities and Paddington deposits. Tenement-wide auger sampling outlined a number of gold anomalies to 895ppb which have been AC drill tested in mid-2022. A number of consistent gold targets are outlined at Bungarra, Wedge and Whisperer prospects.