Pursuit Minerals Ltd · ASX:PUR
Pursuit Minerals — Investor Presentation (March 2025)
26 slides from Pursuit Minerals's investor presentation, March 2025
Slide 1: Corporate Presentation
Corporate Presentation Advancing a pre-production lithium brine operation in Argentina March 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: Growing Global Lithium Demand, but Supply 2. Solution: Conventional Brine Lithium Production in Argentina Constraints • Brine extraction is the most cost-effective method, especially in • Lithium demand is soaring due to elect
Slide 5: Corporate Overview
CORPORATE OVERVIEW CAPITALISATION DATA(1) BOARD OF DIRECTORS A$0.085 82.57m ASX:PUR SHARE PRICE SHARES ON TICKER ISSUE A$7.01M ~A$0.5M ~25.1M Mr Peter Wall Mr Aaron Revelle Mr Tom Eadie Mr Stephen MARKET CAP NET CASH TOTAL OPTIONS ON ISSUE Non-Executive Managing Director & Non-Exec Director Layton C
Slide 6: The Lithium Triangle - Meeting Future Lithium Demand
THE LITHIUM TRIANGLE - MEETING FUTURE LITHIUM DEMAND Prime position in a Tier 1 Address BOLIVIA • More than 50% of the estimated global lithium resources and 40% of current world production is located in the salt flats of Bolivia, Chile and Argentina, an area known as the ‘Lithium Triangle’. RINCON
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: TEM Survey Results
TEM SURVEY RESULTS • The available drilling and the TEM data suggest that tenements are located on two distinct geological regimes. • The Maria Magdalena and Isabel Segunda tenements have a TEM profile which supports a typical “Salar Core” halite-dominated salar profile. These sequences are are cons
Slide 15: Near Term Production from 250t Operational Pilot Plant
NEAR TERM PRODUCTION FROM 250t OPERATIONAL PILOT PLANT ASX: PUR 15 15
Slide 16: Lithium Carbonate Production from Demonstrated Process
LITHIUM CARBONATE PRODUCTION FROM DEMONSTRATED PROCESS • The processing method of the pilot plant is based on standard industry practices having recently been optimised for Rio Grande brines. • The dynamic simulation yielded the following results: • Effective area required for the solar evaporation
Slide 17: Lithium Carbonate Production from Demonstrated Process
LITHIUM CARBONATE PRODUCTION FROM DEMONSTRATED PROCESS • The pond simulation for the design of the evaporation ponds at site as well as the mass balance simulation for the plant has been completed with multiple different output levels identified. • The results have demonstrated that Rio Grande brine
Slide 18: Evaporation Ponds Proposed Area at Rio Grande
EVAPORATION PONDS PROPOSED AREA AT RIO GRANDE ASX: PUR 18 18
Slide 19: Scalable Lithium Production Strategy
SCALABLE LITHIUM PRODUCTION STRATEGY • Phased Growth Plan: Begins with 250tpa pilot production, expanding to 5,000tpa (Stage 2) and later 10,000tpa (Stage 3), subject to financing and market demand. • Early-Stage Revenue & De-Risking: Relocation of the pilot plant supports early lithium production,
Slide 20: 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 21: 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 22: 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 23: 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 24: 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 25: 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 26: 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
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