Pursuit Minerals Ltd · ASX:PUR
Pursuit Minerals — Investor Presentation (March 2026)
36 slides from Pursuit Minerals's investor presentation, March 2026
Slide 1: Corporate Presentation
CORPORATE PRESENATION A PURE PLAY ON ARGENTINA’S UNTAPPED MINING POTENTIAL March 2026 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, based on, and fairly represent, information compiled by Mr. Leandro Sastre Salim, operating results,
Slide 3: A Pure Play on Argentina's Untapped Mining Potential
A PURE PLAY ON ARGENTINA’S UNTAPPED MINING POTENTIAL TIER 1 JURISDICTION ADVANTAGE – Argentina is rapidly emerging as one of the world’s most attractive mining destinations, supported by investor friendly reforms, IMF backing and the RIGI framework driving foreign investment. PLATFORM FOR GROWTH – P
Slide 4: Portfolio Overview
PORTFOLIO OVERVIEW Rio Grande Sur – Near Term Production Tier 1 Lithium Asset ▪ Strategic Lithium Project: 9,260ha in Salta Province, Rio Grande Salar, positioned in Argentina’s Lithium Triangle ▪ JORC Resource 1.264Mt LCE @ 424mg/L Li, comprising 705kt Indicated @ 443mg/L Li and 559kt Inferred @ 40
Slide 5: Corporate Overview
CORPORATE OVERVIEW CAPITALISATION DATA(1) BOARD OF DIRECTORS A$0.81 262.01m ASX:PUR SHARE PRICE SHARES ON TICKER ISSUE A$21.22M ~A$7.7M ~82.2M Mr Tom Eadie Mr Aaron Revelle Mr Colin McKenzie Mr Vito Interlandi MARKET CAP NET CASH TOTAL OPTIONS ON ISSUE Non-Exec Chairman Managing Director & Non-Exec
Slide 6: Argentina – A Tier 1 Address
ARGENTINA – A TIER 1 ADDRESS Emerging as the premier mining jurisdiction in South America • Major Mines: Veladero (Barrick), Cerro Negro (Newmont) – Tier-1 gold producers. • Economic Importance: Mining contributes 0.82% of GDP, 6.1% • Exploration & Growth: San Juan & Santa Cruz host major gold of ex
Slide 7: The Lithium Triangle - Meeting Future Lithium Demand
THE LITHIUM TRIANGLE - MEETING FUTURE LITHIUM DEMAND Prime Position in a Tier 1 Address BOLIVIA • The Lithium Triangle is the World’s Premier Lithium Province: Hosting ~50% of global resources and ~40% of supply across Argentina, Chile and Bolivia • Argentina is a Leading Growth Market: Ranked #2 RI
Slide 8: Argentina – A Tier 1 Address
ARGENTINA – A TIER 1 ADDRESS The Argentine salars across Salta, Catamarca and Jujuy have been the centre of sustained, large-scale development over the past five years, with the majority of prospective ground now consolidated by a small number of major operators.. Li Concentration v Mg/Li Ratio 2 16
Slide 9: Rio Grande Sur Project Overview
RIO GRANDE SUR PROJECT OVERVIEW Advancing a Lithium Brine Asset to Production ▪ Strategic Lithium Project: 9,260ha in Salta Province, Rio Grande Salar, positioned in Argentina’s Lithium Triangle. ▪ Large, High Quality JORC Resource: Upgraded to 1.264Mt LCE @ 424mg/L Li, comprising 705kt Indicated @
Slide 10: 5,000tpa PFS – Economic Model Results
5,000TPA PFS – ECONOMIC MODEL RESULTS Cost Category Unit Value Total Initial CAPEX (incl. US$ $136.52 million contingency) Total Operating Cost (Annual) US$/year $32.61 million Total Operating Cost (Unit) US$/t LCE $6,520.61 Yearly Revenue US$ $131 million Free Cash Flow to Firm US$ $56 million Metr
Slide 11: 5,000tpa PFS – Defined Development Layout & Production Infrastructure
5,000TPA PFS – DEFINED DEVELOPMENT LAYOUT & PRODUCTION INFRASTRUCTURE ASX: PUR 11 11
Slide 12: RGS JORC Mineral Resource Estimate
RGS JORC MINERAL RESOURCE ESTIMATE Brine Resource Avg. Li In situ Li Volume (mg/l) (kt) kt LCE Category (GL) Indicated 299.4 442.7 133 705 Inferred 258.9 405.3 105 559 Total 558.3 424.1 237 1,264 1. The effective date of this statement is 23 January 2026. 2. Mineral Resources are not Mineral Reserve
Slide 13: 3D Geological Block Model - Validating Scale and Continuity
3D GEOLOCIAL BLOCK MODEL - VALIDATING SCALE AND CONTINUITY • Significant Resource Expansion Potential: Updated 3D block model defines extensive lithium-bearing brine zones across Maria Magdalena, Mito and Isabel Segunda, highlighting open extensions both north and at depth. • High-Grade Brine Zones:
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 ACHIEVED 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: Evaporation Ponds Proposed Area at Rio Grande
EVAPORATION PONDS PROPOSED AREA AT RIO GRANDE ASX: PUR 16 16
Slide 17: Mito Drilling Program, High-Impact Resource Growth Catalyst
MITO DRILLING PROGRAM, HIGH-IMPACT RESOURCE GROWTH CATALYST • High-Impact Drill Target Targeting Resource Expansion: Mito drilling targets a large, untested conductive zone with clear potential to materially expand the current resource. • Major Aquifer Beyond Current Resource: Geophysics defines a t
Slide 18: Near-Term Production & Scalable Growth Platform in a Tier 1 Lithium District
NEAR-TERM PRODUCTION & SCALABLE GROWTH PLATFORM IN A TIER 1 LITHIUM DISTRICT Large-Scale, High-Quality Lithium Resource: JORC Resource of 1.264Mt LCE @ 424mg/L Li, confirming a large, laterally extensive brine system with clear scale potential and significant upside from untested extensions and dept
Slide 19: Sascha Marcelina: Project Overview
SASCHA MARCELINA: PROJECT OVERVIEW N Unlocking a High-Grade Gold-Silver System in a Tier 1 Location ▪ Strategic Gold-Silver Project: 100% acquisition of the Sascha Marcelina Project in Santa Cruz, Argentina, a premier low-sulphidation epithermal system located near Newmont’s Cerro Negro mine and Pan
Slide 20: The Deseado Massif – World's Premier Epithermal Gold & Silver Province
THE DESEADO MASSIF – WORLD’S PREMIER EPITHERMAL GOLD & SILVER PROVINCE ▪ One of the most prospective precious metals regions globally, formed by widespread Jurassic-age volcanic rocks that created ideal conditions for large gold-silver systems. ▪ Hosts more than 50 known gold-silver deposits, includ
Slide 21: Sascha Marcelina: Unlocking the Next Cerro Negro?
SASCHA MARCELINA: UNLOCKING THE NEXT CERRO NEGRO? Same Rocks, Same Signs : Next Major Gold Find? Sascha Marcelina Project shares key geological markers with Newmont’s world-class Cerro Negro Mine (8 Moz Au), located just 100 km to the north. ▪ Identical Geology: Both districts host preserved silica
Slide 22: District Scale System: Walk Up Targets Across 100km2
DISTRICT SCALE SYSTEM: WALK UP TARGETS ACROSS 100KM2 ▪ High-Grade Results Across the District: Rock chips up to 160 g/t Au, trenching up to 49.3 g/t Au (0.5m), and drilling including 8.92 g/t Au over 1.55m, confirming a high-grade, continuous system. ▪ Multiple Mineralised Trends Defined: Five subpa
Slide 23: Sascha Marcelina: Plan View of Trench and Drillholes
SASCHA MARCELINA: PLAN VIEW OF TRENCH AND DRILLHOLES High-Grade Gold & Silver Results –Key Intercepts Target Intercept Au (g/t) Ag (g/t) Trench 0.80m 20.54 445 (o/c) T-1815-E 2.00m 17.14 231 DDS-13 0.27m 10.74 10 DDS-02 1.55m 8.92 28 T-1800-E 2.20m 6.39 16 T-2485-E 0.50m 3.17 <0.5 DDS-01 1.47m 1.49
Slide 24: Sascha Main: Multiple High Grade Gold Silver Shoots
SASCHA MAIN: MULTIPLE HIGH GRADE GOLD SILVER SHOOTS ▪ Targeting the Core of the System Where Probability is Highest: A continuous, down-plunging zone of elevated chargeability defines a sulphide-rich feeder, coincident with multiple high-grade intercepts including DDS13 (0.27m @ 10.74 g/t Au) and DD
Slide 25: Marcelina Silica Cap: Large, Preserved System with Untested Gold Potential
MARCELINA SILICA CAP: LARGE, PRESERVED SYSTEM WITH UNTESTED GOLD POTENTIAL • 11.1 km² preserved silica cap within a classic low-sulphidation epithermal system, hosted in La Matilde volcanics and dome complexes, with a strong analogue to Cerro Negro. • Extensive silica alteration, breccias and As-Sb
Slide 26: Marcelina Silica Cap – All Signs Point to a Major Discovery at Depth
MARCELINA SILICA CAP – ALL SIGNS POINT TO A MAJOR DISCOVERY AT DEPTH • Confirmed Mineralised Epithermal System: All drilling intersected hydrothermal breccia with Au-Ag-Pb-Zn mineralisation, confirming a fully developed system • 20.4m @ 0.24 g/t Au, 39 g/t Ag • incl. 10.5m @ 0.28 g/t Au, 66 g/t Ag •
Slide 27: Sascha Main – Highlight Drill Results
SASCHA MAIN – HIGHLIGHT DRILL RESULTS Hole Id From To Lenght AuEq88 Au Ag • Strongest intercepts in the north: Gold grades increase with depth in the northernmost drill holes, indicating potential for high-grade ore DDS01 58.53 59.63 1.10 1.808 1.805 0.300 shoots. DDS02 113.75 115.30 1.55 9.233 8.91
Slide 28: Estancia & Marcelina – Highlight Drill Results
ESTANCIA & MARCELINA – HIGHLIGHT DRILL RESULTS Hole Id From To Length AuEq88 Au Ag EST-DDH-001 108.35 108.7 0.35 1.597 1.490 9.420 EST-DDH-002 117.7 118.2 0.5 1.233 1.040 17.010 EST-DDH-003 15.8 16.1 0.3 1.426 1.250 15.480 PEL-DDH-001 34 34.3 0.3 1.071 1.060 1.000 PEL-DDH-001 125.8 126.3 0.5 1.281 1
Slide 29: District-Scale Exploration Target with Multiple Growth Centres
DISTRICT-SCALE EXPLORATION TARGET WITH MULTIPLE GROWTH CENTRES ▪ Sascha Main – High-Grade Core with Immediate Growth ▪ ~2 km epithermal Au-Ag trend with defined high-grade shoots ▪ Intercepts up to 20.5 g/t Au and 320 g/t Ag ▪ Mineralisation open at depth and along strike, driving near- term expansi
Slide 30: Growth Potential – Walk Up Targets & Discovery Scale in a Tier 1 District
GROWTH POTENTIAL – WALK UP TARGETS & DISCOVERY SCALE IN A TIER 1 DISTRICT Multi-Vein Corridor System: Over 2 km of mapped, mineralised veins with high-grade trench and rock chip results, defining multiple high-grade shoots and immediate walk-up drill targets. Depth Potential Untested: Historical dri
Slide 31: Upcoming Newsflow & Catalysts
UPCOMING NEWSFLOW & CATALYSTS • Mito Drilling Program (Apr–Jun 2026): Diamond hole targeting resource growth following CSAMT reinterpretation. • PFS Addendum & Optimisation (Jun– Aug 2026): Expanded development scenario and updated economics. • Environmental Permitting Progress (Ongoing, Q2–Q4 2026)
Slide 32: Project Execution Roadmap – Parallel Growth Pathways in Gold and Lithium
PROJECT EXECUTION ROADMAP – PARALLEL GROWTH PATHWAYS IN GOLD AND LITHIUM A DUAL TRACK EXPLORATION AND PRODUCTION STRATEGY TO RAPIDLY UNLOCK SCALE AND MAXIMISE LONG TERM SHAREHOLDER VALUE Sascha Marcelina (Gold) Sascha Marcelina (Gold) Sascha Marcelina (Gold) • Sascha Main and Pellegrini: Target high
Slide 33: Lithium Outlook – Strengthening Prices with Significant Demand Upside
LITHIUM OUTLOOK – STRENGTHENING PRICES WITH SIGNIFICANT DEMAND UPSIDE • Prices Rebounding on Tight Market Conditions: Lithium prices have more than doubled since November 2025, with major banks revising forecasts higher through 2026–2027, reflecting a tightening supply-demand balance. • Structural D
Slide 34: Gold Market Outlook – Short-Term Volatility, Long-Term Strength
GOLD MARKET OUTLOOK – SHORT-TERM VOLATILITY, LONG-TERM STRENGTH • Short-Term Weakness, Long-Term Upside Intact: Recent price declines reflect macro headwinds, including higher inflation expectations, delayed rate cuts, stronger bond yields, and ETF outflows, but do not alter the underlying long-term
Slide 35: Summary & Investment Case
SUMMARY & INVESTMENT CASE Tier-1 Assets with a Clear Path to Production:. Rio Multiple Catalysts, Continuous Newsflow: Near- Grande Sur provides a defined pathway to near- term drilling, resource growth, and development term production in Argentina’s Lithium Triangle. A milestones provide ongoing ca
Slide 36: 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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