Pursuit Minerals

📋 About: Pursuit Minerals Limited (ASX:PUR) is a mineral exploration and project development company who recently acquired the Warrior PGE-Nickel-Copper Project in Western Australia.

🌏 Macro Theme: In early 2020 Chalice Gold Mines Ltd (ASX: CHN) made a groundbreaking discovery - an entirely new minerals province known as the Julimar Complex. PUR project is located just 50km north east of CHN’s discovery.

Pursuit Minerals Corporate Milestones

✅ Next Investors Portfolio Initiation
✅ Sale of Scandinavian projects for $3M
✅ $8.25M Cap Raise @ 6.9c
🔲 Unexpected Announcement 1
🔲 Unexpected Announcement 2
🔲 Unexpected Announcement 3
🔲 New Milestones Added: Gladiator Project (Gold)
🔲 New Milestones Added: Combatant Project (Gold)

Warrior Project Milestones (PGE-Ni-CU)

⚔️ Chalice Gold Mines Julimar Discovery
✅ Land Acquired in Julimar Region
✅ [UPA] Further land acquired
✅ Electromagnetic Surveys (1), (2)
✅ Drill targets identified
✅ Soil geochemical sampling: Results
✅ Heritage Approvals Secured
🔄 Drilling Program 1 (1,500m Diamond Drilling)

Drilling Program 1

✅ Drilling Program Commenced
✅ First Two Drill Holes Complete (No Sulphides Intersected)
✅ Downhole Electromagnetic Survey 1
✅ Follow-up Drilling 1 (Sulphides Intersected)
🔲 Follow-up Drilling 2 (MLEM Plate 17A, 06A)
🔲 Downhole EM Survey 2
🔲 Assay Results 1
🔲 Assay Results 2
🔲 Assay Results 3

Next Investors Investment Milestones

Key Drilling Event 1

✅ Initial Investment: @1.35c (≈7 months before key drilling event)
✅ Increase Investment: @6.9c (≈4 months before key drilling event)
✅ Price increases 250% from investment
✅ Price increases 500% from investment
🔲 Price increases 1000% from initial entry
✅ Free Carry (prior to drilling results)
🔲 Take Some Profit
🔲 Hold position for key drilling event
🔲 Decide New Investment Plan after results of key drilling event

Key Drilling Event 2

🔲 New Milestones Added

”Expected Company Milestones” are based on the company's publicly available execution plan and some assumptions made by our team on potential announcements that should de-risk the investment. “Our investment milestones” show our current long-term investment plan. Early stage investments are risky and there is no guarantee that the expected events will occur. The lists are not in sequential order.

Key

🔲 Expected Milestone
✅ Achieved Milestone
🟩 Above Average Result
🟨 Average (Expected) Result
🟧 Below Average Result
🟥 Negative Result
🌎 Macro Event
⚔️ Results from Other Company / Project
[UPA] Unexpected Positive Announcement
[NEW] New Milestone Added