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- Pure Resources (PR1) is getting ready to list on the market at the end of the month
- The explorers had intended to list on March 16, however it has been pushed back to March 28
- PR1 is focused on five gold, nickel and copper projects in the Kimberley and Eastern Goldfields regions of WA
- Pure Resources looked to raise $4.6 million, offering shares at 20 cents each
- It will use the money to further exploration activities
Pure Resources (PR1) is getting ready to list on the ASX this month.
The company had initially intended to list on March 16, however the date has been pushed back to March 28.
Pure Resources is an explorer focused on five gold, nickel and copper projects in the Kimberley and Eastern Goldfields regions of WA.
The company’s project tenements consist of four granted explorational licences and one pending exploration licence application, which collectively cover 178 square kilometres.
Its projects include Yandal east of Wiluna, Mount Monger south-east of Kalgoorlie, Yundamindra in the eastern Goldfields and Killarney south of Wyndham in the east Kimberley.
Collectively, the projects are considered by the company to be prospective for multiple styles of mineralisation with gold, nickel and copper the primary target commodities.
To list on the market, the company looked to raise $4.6 million, offering shares at 20 cents each. Pure Resources said it will use the money to further explore its projects in the search for high-grade mineralisation and to provide working capital.
It proposes to fund its exploration activities over its five projects over the first two years with $2.55 million of the amount raised.
According to Pure Resources, the board “have significant expertise and experience in the minerals sector” and includes Patric Glovac as Executive Chairman, and James Warren and Jane Law as Non-Executive Directors.
