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Pursuit Minerals (ASX:PUR) - Managing Director, Mark Freeman
Managing Director, Mark Freeman
Source: 6PR
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  • Pursuit Minerals (PUR) has submitted an application for two exploration licences covering the Combatant Project in Western Australia 
  • The project sits on the north-western edge of the Yilgarn Craton and could host platinum group element (PGE), nickel and copper mineralisation
  • Pursuit Minerals intends to conduct initial fieldwork on the project during 2021’s April–June and July–September quarters
  • The company has already begun preparatory work on the project to identify magnetic anomalies in the two tenements
  • Pursuit Minerals is down 4.65 per cent and trading at 8.2 cents per share

Pursuit Minerals (PUR) has submitted an application for two exploration licences covering the Combatant Project in Western Australia.

The Combatant Project is located roughly 270 kilometres northeast of Geraldton, on the northwestern edge of the Yilgarn Craton. Based on the geological province it sits within, the project could potentially host platinum group element (PGE), nickel and copper mineralisation. 

The two tenements total 404 square kilometres. Due to exploration companies focussing on finding gold and iron, the area remains poorly explored for platinum group elements and base metals.

Pursuit Minerals is currently attempting to accelerate the granting of its tenement applications, through discussions with various landowners, native title groups and government agencies.

Once the exploration licences are granted, the company intends to conduct initial fieldwork on the Combatant Project during 2021’s April-June and July-September quarters. This work will include prospect scale geological mapping, rock chip and soil geochemistry, planning for electromagnetic surveys, and an initial drill program.

Pursuit Minerals has already begun preparatory work on the project, which is focussing on the interpretation of aeromagnetic data in order to identify magnetic anomalies.

Pursuit Minerals’ Managing Director, Mark Freeman, commented on the company’s applications for the Combatant Project.

“Following success at our Warrior project, the Combatant tenement applications represent a low-cost way to add more platinum group element-nickel-copper prospective ground to Pursuit’s portfolio focused around the margins of the Yilgarn Craton, with the bonus of possible gold mineralisation,” he said.

“Recent success by explorers such as Chalice, Sirius, and Desert Metals have demonstrated that these significantly under-explored terrains are highly prospective for significant platinum group element, nickel, and copper mineralisation,” he added.

Pursuit Minerals is down 4.65 per cent, trading at 8.2 cents per share at 12:29 pm AEDT.

PUR by the numbers
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