Pursuit Minerals Ltd · ASX:PUR
Pursuit Minerals — Resource Rising Stars Summer Series, Brisbane 2025
27 slides from Pursuit Minerals's conference presentation, Feb 13, 2025
Slide 1: Investor Presentation – Resource Rising Stars Summer Series, Brisbane
13 February 2025 ASX RELEASE INVESTOR PRESENTATION – RESOURCE RISING STARS SUMMER SERIES, BRISBANE Pursuit Minerals Ltd (ASX: PUR) (“PUR”, “Pursuit” or the “Company”) is to provide an updated Corporate Presentation which will be delivered by Managing Director and CEO Mr. Aaron Revelle to the Resourc
Slide 2: Forward looking statements
include reference to events or conditions that will, would, may, could or should occur. Information concerning exploration results and mineral reserve and resource estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when
Slide 3: Corporate Presentation
For personal use only Corporate Presentation Advancing a pre-production lithium brine operation in Argentina February 2025 ASX:PUR
Slide 4: Competent Persons Statement and Forward Looking Statements
Competent Persons Statement Forward Looking Statements For personal use only 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 S
Slide 5: 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. A UNIQUE AND HIGH-GRADE, LARGE-SCALE RESOURCE–1.104Mt @ ATTRACTIVE INVESTOR For personal use only 505.8mg/L Li1 in the heart of the Lithi
Slide 6: 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 For personal use only • Lithium demand i
Slide 7: Corporate Overview
CORPORATE OVERVIEW CAPITALISATION DATA(1) BOARD OF DIRECTORS For personal use only 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-
Slide 8: 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 For personal use only and 40% of current world production is located in the salt flats of Bolivia, Chile and Argentina, an area known as the ‘Lith
Slide 9: Argentina – A Tier 1 Address
ARGENTINA – A TIER 1 ADDRESS Emerging as a premier mining jurisdiction in South America Gold • 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
Slide 10: Argentina – A Tier 1 Address: Salars and Brine Chemistry
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. Brine Chemistry For personal use only Li Conce
Slide 11: 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 12: JORC Mineral Resource Estimate
JORC MINERAL RESOURCE ESTIMATE Brine Resource Avg. Li In situ Li For personal use only 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 Notes on the Mineral Resource Statement: 1. The effective date of this stat
Slide 13: 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. For personal use only High grade assays include the following intervals: DDH-1 • 629mg/L (“milligrams per liter of L
Slide 14: Staged Drilling Campaign
STAGED DRILLING CAMPAIGN • DDH-1 and DDH-2 confirmed exceptional South North grades. Resource expansion targets DDH- For personal use only 3 and DDH-4 at Mito in the north. DDH-5 DDH-7 • Stage 2 includes a DDH-1 pumping well at Maria PW-1 DDH-7 Magdalena, selected due DDH-5 to exceptional DDH-1 resu
Slide 15: 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. For personal use only • Pursuit’s drilling campaign validated results,
Slide 16: TEM Survey Results
TEM SURVEY RESULTS • The available drilling and the TEM data suggest that tenements are located on two distinct geological regimes. For personal use only • The Maria Magdalena and Isabel Segunda tenements have a TEM profile which supports a typical “Salar Core” halite-dominated salar profile. These
Slide 17: Near Term Production from 250t Operational Pilot Plant
NEAR TERM PRODUCTION FROM 250t OPERATIONAL PILOT PLANT For personal use only ASX: PUR 15 15
Slide 18: 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. For personal use only • The dynamic simulation yielded the following results: • Effective area required for
Slide 19: 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 For personal use only balance simulation for the plant has been completed with multiple different output levels identified. • The results have demonstrated
Slide 20: Evaporation Ponds Proposed Area at Rio Grande
EVAPORATION PONDS PROPOSED AREA AT RIO GRANDE For personal use only ASX: PUR 18 18
Slide 21: Global Brine Resource Comparison
GLOBAL BRINE RESOURCE COMPARISON 2,000 For personal use only 1,500 Lithium Concentration in Brine (mg/Li) Atacama, Chile 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
Slide 22: 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 Q1/Q2 2025 Q4 2025 / Q1-Q2 2026 Q3/Q4 2026 Initial Production & Strategic Growth Feasibility Study & Expansion Commercial Production For personal use only • Comm
Slide 23: Lithium Market Demand
LITHIUM MARKET DEMAND Rising EV Adoption Unlocks Major Growth for Lithium Juniors 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% For person
Slide 24: Lithium Market Demand
LITHIUM MARKET DEMAND Rising EV Adoption Unlocks Major Growth for Lithium Juniors 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. For personal use on
Slide 25: 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 26: Summary & Conclusion
SUMMARY & CONCLUSION For personal use only 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 h
Slide 27: Contact
For personal use only 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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