Pursuit Minerals Ltd · ASX:PUR
Pursuit Minerals — Investor Presentation (July 2025)
25 slides from Pursuit Minerals's investor presentation, July 2025
Slide 1: Corporate Presentation
Corporate Presentation Advancing a pre-production lithium brine operation in Argentina July 2025 ASX:PUR
Slide 2: Competent Persons Statement Forward Looking Statements
Competent Persons Statement Forward Looking Statements Statements contained in this announcement regarding exploration results are Statements relating to the estimated or expected future production, operating based on, and fairly represent, information compiled by Mr. Leandro Sastre Salim, results,
Slide 3: Why Invest?
WHY INVEST? LIMITED OPPORTUNITY: Lithium demand will TRIPLE by 2030. Argentina is leading the global lithium expansion. Strategic investors are already moving in. HIGH-GRADE, LARGE-SCALE RESOURCE–1.104Mt @ 505.8mg/L Li1 in the heart of the Lithium Triangle (Tier-1 address near major players: Rio Tin
Slide 4: Focused Strategy
FOCUSED STRATEGY PROBLEM → SOLUTION → OPPORTUNITY → EXECUTION 1. Problem: Lithium Demand Outpacing Supply 2. Solution: Low-Cost Brine Lithium from Argentina • Demand Surge: EV and battery demand to triple lithium • Proven Method: Brine extraction with solar evaporation is the consumption by 2030, re
Slide 5: Corporate Overview
CORPORATE OVERVIEW CAPITALISATION DATA(1) BOARD OF DIRECTORS A$0.075 97.65m ASX:PUR SHARE PRICE SHARES ON TICKER ISSUE A$7.32M ~A$1.0M ~25.1M Mr Tom Eadie Mr Aaron Revelle Mr Stephen Layton Mr Vito Interlandi MARKET CAP NET CASH TOTAL OPTIONS ON ISSUE Non-Exec Chairman Managing Director & Non-Exec D
Slide 6: The Lithium Triangle - Meeting Future Lithium Demand
THE LITHIUM TRIANGLE - MEETING FUTURE LITHIUM DEMAND Prime Position in a Tier 1 Address BOLIVIA • The Lithium Triangle holds 50% of global lithium resources and delivers 40% of current supply, spanning Argentina, Chile, and Bolivia. • Argentina ranks #2 globally in lithium resources (USGS) RINCON Ar
Slide 7: Argentina – A Tier 1 Address
ARGENTINA – A TIER 1 ADDRESS Emerging as a premier mining jurisdiction in South America • Major Mines: Veladero (Barrick), Cerro Negro (Newmont) – Tier-1 gold producers. • Economic Importance: Mining contributes 0.82% of GDP, 6.1% • Exploration & Growth: San Juan & Santa Cruz host major gold of expo
Slide 8: Argentina – A Tier 1 Address
ARGENTINA – A TIER 1 ADDRESS The Argentine Salars located within the provinces of Salta, Catamarca and Jujuy have been the focus of significant development activity over the past 5 years. Majority of the area is now consolidated amongst a few companies. Li Concentration v Mg/Li Ratio 2 1600 1 1400 A
Slide 9: Rio Grande Sur Project Overview
RIO GRANDE SUR PROJECT OVERVIEW Advancing a Lithium Brine Asset to Production ▪ Strategic Lithium Project: 9,260ha in Salta Province, Rio Grande Salar, positioned in Argentina’s Lithium Triangle (for reference, Argosy Minerals' Rincon Project ~2,700ha, MC: A$37.8M). ▪ JORC Resource: 1.104Mt LCE @ 50
Slide 10: JORC Mineral Resource Estimate
JORC MINERAL RESOURCE ESTIMATE Brine Resource Avg. Li In situ Li Volume (mg/l) (kt) kt LCE Category (GL) Indicated 215.3 515.1 111.2 591.8 Inferred 194.4 495.4 96.3 512.5 Total 409.7 505.8 207.5 1,104.3 1. The effective date of this statement is December 1, 2024. 2. Mineral Resources are not Mineral
Slide 11: Stage 1 Drill Campaign Generating Significant Results
STAGE 1 DRILL CAMPAIGN GENERATING SIGNIFICANT RESULTS To date Pursuit has completed DDH-1 and DDH-2 of the planned Stage 1 Drilling Campaign with substantial lithium results achieved. High grade assays include the following intervals: DDH-1 • 629mg/L (“milligrams per liter of Lithium”) from an inter
Slide 12: Staged Drilling Campaign
STAGED DRILLING CAMPAIGN • DDH-1 and DDH-2 confirmed exceptional South North grades. Resource expansion targets DDH- 3 and DDH-4 at Mito in the north. • Stage 2 includes a pumping well at Maria Magdalena, selected due to exceptional DDH-1 results, optimising aquifer evaluation and future production
Slide 13: TEM / CSAMT Survey Results
TEM / CSAMT SURVEY RESULTS • The interpretation of the TEM and CS-AMT survey results defined the presence of multiple low resistivity layers across the tenements. These layers are considered highly prospective for Lithium brines. • Pursuit’s drilling campaign validated results, confirming multiple h
Slide 14: Scalable Production from 250t Operational Pilot Plant
SCALABLE PRODUCTION FROM 250t OPERATIONAL PILOT PLANT ASX: PUR 14 14
Slide 15: 99.5% Lithium Carbonate Achieved
99.5% LITHIUM CARBONATE ACEHIVED Pilot-Scale Success Validates Flowsheet • High Purity: Bench-scale processing of pilot plant material achieved 99.5% Li₂CO₃, meeting technical grade benchmarks. • Process Proven: Utilised fractional crystallisation (FX) and ion exchange (IX) to upgrade initial 98.9%
Slide 16: Scaleable Lithium Production Strategy
SCALEABLE LITHIUM PRODUCTION STRATEGY • Phased Growth Plan: Begins with 250tpa pilot production, expanding to 5,000tpa (Stage 2) and later 12,500tpa (Stage 3), subject to financing and market demand. • Early-Stage Revenue & De-Risking: Relocation of the pilot plant supports early lithium production,
Slide 17: Initial Lithium Processing Circuit
INITIAL LITHIUM PROCESSING CIRCUIT Well Field Evaporation Ponds Processing Plant 600mg/L Li 12-14 Months – 70% Recovery 80-90% Recovery Lithium Concentration Magnesium Removal 6% Brine Conc. Calcium Removal Boron Removal Transported Carbonization 600ppm 2,000ppm 3% 3-4% 6% Technical from RGS to Hali
Slide 18: Evaporation Ponds Proposed Area at Rio Grande
EVAPORATION PONDS PROPOSED AREA AT RIO GRANDE ASX: PUR 18 18
Slide 19: Global Brine Resource Comparison
GLOBAL BRINE RESOURCE COMPARISON 2,000 1,500 Atacama, Chile Lithium Concentration in Brine (mg/Li) Albemarle + SQM – 1400mg/Li Hombre Muerto Rio Tinto – 1200/mg Li Hombre Muerto West 1,000 Sal de Vida Galan – 866/mg Li Rio Tinto – 752/mg Li Rio Grande Sur - Target – 600-700/mg Li Neo Lithium – 790/m
Slide 20: Focused on Growth Pipeline and Project Execution
FOCUSED ON GROWTH PIPELINE AND PROJECT EXECUTION OUR EXECUTION PATH AND GO FORWARD PLAN IS BASED ON MAXIMISING LONG TERM SHAREHOLDER VALUE • Commissioning of 250 tpa pilot plant, with • Bankable Feasibility Study (BFS) for large- • 250 tpa continuous lithium carbonate first Lithium Carbonate product
Slide 21: Lithium Market Demand
LITHIUM MARKET DEMAND Global lithium demand projections have surged, driven by government mandates, EV adoption targets, and automaker commitments. By 2030, lithium demand could rise 225% to 2.6 million tons LCE, reflecting a 16% CAGR. Under BloombergNEF’s net-zero scenario, demand is forecasted at
Slide 22: Lithium Market Demand
LITHIUM MARKET DEMAND Citigroup forecasts lithium’s supply glut has peaked, with a market deficit expected by 2026. The last major price surge was driven by just an 8% shortfall, and by 2027, the deficit is set to widen. With lithium demand rising 225% by 2030, new production is critical, yet supply
Slide 23: ESG – Commitment to Sustainability
ESG – COMMITMENT TO SUSTAINABILITY Pursuit Minerals is committed to creating long-term value for all our stakeholders through integrating ESG best practice into the ongoing development of the Rio Grande Sur Project Transparency & Accountability Constructive Stakeholder Engagement Transparent corpora
Slide 24: Summary & Conclusion
SUMMARY & CONCLUSION Strategically Prospective Asset Growth Potential Emerging Long-term Our People Located Jurisdiction Sustainability JORC Indicated & Stage 1 drilling A highly A Tier-1 lithium Inferred resource confirmed high- Argentina is A phased experienced asset in the heart with geophysical
Slide 25: Office Website
Office Website — — Level 2, 480 Collins Street pursuitminerals.com.au Melbourne VIC 3000 Telephone — Email — +61 3 9008 6199 info@pursuitminerals.com.au