Pursuit Minerals Ltd · ASX:PUR
Pursuit Minerals — Investor Presentation (March 2023)
21 slides from Pursuit Minerals's investor presentation, Mar 24, 2023
Slide 1: Rio Grande Sur Lithium Project
For personal use only Rio Grande Sur Lithium Project Advancing a pre-production lithium brine operation in Argentina ASX:PUR March 2023
Slide 2: Competent Persons Statement and Forward Looking Statements
Competent Persons Statement Forward Looking Statements For personal use only Statements contained in this announcement relating to exploration results, are Statements relating to the estimated or expected future production, operating based on, and fairly represents, information and supporting docume
Slide 3: Building a Top Tier Lithium Exploration and Development Company
BUILDING A TOP TIER LITHIUM EXPLORATION AND DEVELOPMENT COMPANY For personal use only ATTRACTIVE LITHIUM RESOURCE - ~9,260ha located within the Rio Grande Salar (27,500ha) which has a NI43-101 inferred resource of 2.1 million tonnes LCE at an average grade of 370mg/Li to a depth of 100m with resourc
Slide 4: Corporate Overview
CORPORATE OVERVIEW For personal use only D I R E C TO R S CAPITALISATION DATA(1) Peter Wall Non-Executive Chairman Mark Freeman Finance Director A$0.03 1.19B ASX:PUR SHARE PRICE SHARES ON TICKER Bob Affleck Managing Director ISSUE Tom Eadie Non Exec Director A$35.7M A$5M ~158.5M (proposed) MARKET CA
Slide 5: Board and Management
BOARD AND MANAGEMENT Highly experienced exploration, corporate and capital markets team For personal use only Mr Tom Eadie (proposed Non Exec Director) Mr Peter Wall Non-Executive Chairman Mr Eadie has over 40 years’ experience as an explorer and geologist in the resources industry. Tom is currently
Slide 6: Rio Grande Sur Project Overview
RIO GRANDE SUR PROJECT OVERVIEW Advancing a Lithium Brine Asset to Production Advanced Lithium development prospect in the Salta province covering 9,260 hectares For personal use only on the Rio Grande Salar (Argosy Minerals ASX:AGY Rincon Project ~2,700ha. MC: A$884.7 million) Independent Repor
Slide 7: Rio Grande Sur Geological Formation
RIO GRANDE SUR GEOLOGICAL FORMATION • Mature halite salar with favourable For personal use only W E geophysical properties likely for brine to extend beyond the salar Alluvial Salar surface. Cover Surface • Geophysical CS-AMT survey carried out on the Salar by LSC Lithium (now owned by PlusPetrol) s
Slide 8: Rio Grande NI43-101 LSC Resource Statement Feb 2018
RIO GRANDE NI43-101 LSC RESOURCE STATEMENT FEB 2018 For personal use only Notes: 1) Relative Brine Release Capacity. 2) Calculated after application of RBRC factor. 3) Li metal converted to Lithium Carbonate Equivalent (LCE) using a factor of 5.323. 4) A cut-off grade of 100 mg/l of Li was applied a
Slide 9: Historical Exploration – CSAMT Survey
HISTORICAL EXPLORATION – CSAMT SURVEY • Good regional For personal use only coverage with historic CSAMT. • Prior drilling to a depth of 50 meters on border of PUR central tenement: • RG-17: 395mg/Li • RG-18: 391mg/Li • RG-18T: 361mg/Li • Brine identified at deeper depths. PUR will drill to test thi
Slide 10: Historical Drill Hole Location & CSAMT Survey
HISTORICAL DRILL HOLE LOCATION & CSAMT SURVEY • The interpretation of the CS-AMT survey For personal use only results defined the presence of two main deep seated depositional centers both open to a depth in excess of 500m. • The drilling program in 2018 returned positive results of Lithium enriched
Slide 11: Planned TEM & CSAMT Survey
PLANNED TEM & CSAMT SURVEY • Proposals received and plan to commence immediately following settlement of Trilogy deal. For personal use only • Designed to complement the existing geophysical data and assist with identification of the best drilling locations for the proposed campaign in mid-2023. • F
Slide 12: Northern Tenement Upside Potential
NORTHERN TENEMENT UPSIDE POTENTIAL • Preliminary exploration work indicates potential For personal use only resource upside consistent with other mature salars (eg Rincon and Hombre Muerto). • Strong possibility of a piggyback basin to the north-west of Rio Grande Salar. Drilling and CS- AMT surveys
Slide 13: Adjacent Geological Examples
ADJACENT GEOLOGICAL EXAMPLES For personal use only Arena Minerals Galan Lithium Argosy Minerals Hole R03 in Pastos Grandes Basin All claims in HMW basin Claims at Rincon salar • 90m (90-180m) avg 538 mg/L Li ~$500M market cap ~$1BN market cap • 255m (365-620m) avg 41 mg/L Li 6Mt LCE resource ~250kt
Slide 14: Rio Grande Sur Service Route
RIO GRANDE SUR SERVICE ROUTE In Argentina, exploration For personal use only permits include the right to Site request that the mining authority grant all easements or servitude necessary to undertake the appropriate exploration work. The route to site for the servitude is outlined on the existi
Slide 15: Lithium Carbonate Production from Demonstrated Process
LITHIUM CARBONATE PRODUCTION FROM DEMONSTRATED PROCESS • During the initial appraisal stage of the For personal use only Rio Grande Sur Project, PUR will look to construct a 2,000tpa Lithium Carbonate Stage 1 Production Plant, located at site with evaporation ponds constructed at the northern end of
Slide 16: Global Brine Resource Comparison
GLOBAL BRINE RESOURCE COMPARISON 2,00 For personal use only 0 1,50 Lithium Concentration in Brine (mg/Li) 0 Atacama, Chile Albemarle + SQM – 1400mg/Li Hombre Muerto Livent – 1,00 Hombre Muerto West 1200/mg Li 0 Sal de Vida Galan – 866/mg Li Allkem – 752/mg Li Neo Lithium – 790/mg Li Rio Grande Sur –
Slide 17: Go Forward Plan 2023
GO FORWARD PLAN 2023 Timetable of Events For personal use only March April May June July Aug Sept Oct Completion of Trilogy Acquisition Submission of EIA approval for drilling Commencement of TEM Survey on Salar surface. Commencement of CSAMT Survey in Northern Quadrant Commencement of Drilling Camp
Slide 18: 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 For personal use only Transparency & Accountability Constructive Stakeholder Engageme
Slide 19: WA Asset Portfolio – Highly Prospective Gold/Nickel Projects
WA ASSET PORTFOLIO – HIGHLY PROSPECTIVE GOLD/NICKEL PROJECTS Three highly prospective and complementary projects in For personal use only Tier 1 jurisdiction WA Warrior (100%) – PGE-Ni-Cu/Gold/REE • 20km north & 170km northeast of Chalice’s high-grade Gonneville PGE- Ni-Cu discovery on the Julimar P
Slide 20: Lithium Market Trends
LITHIUM MARKET TRENDS Mature miners losing grip on the market; Juniors thrive as EV adoption causes explosive growth in demand. For personal use only The outlook for lithium consumption has improved significantly since mid-2016, following much stronger forecasts for xEV requirements led by governmen
Slide 21: For personal use only
For personal use only Office Website — — Suite 4, 246-250 pursuitminerals.com.au Railway Parade West Leederville, WA 6007 Email — Telephone — info@pursuitminerals.com.au +61 8 6500 3271
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