Launching on the ASX with several projects acquired from Canadian mining giant Teck’s Australian arm, Pursuit is seeking to create and capture value in a market with rapidly rising zinc prices.
With zinc currently at 90 per cent of its previous price peak, investors around the world are clamouring for a stake in this market and Pursuit’s Bluebush and Paperbark projects offer two exciting opportunities to define and potentially develop major zinc resources.
What Pursuit Minerals offers, however, is more than just quality assets. Pursuit is led by a team with a wealth of experience on all sides of minerals transactions, who understand how to generate and capture full value from minerals projects.
Declining production and tightening supply in the zinc market provides a unique opportunity to add value to zinc-lead projects.
Pursuit Minerals has identified projects which may allow investors to participate in potential value creation as base metal project valuations are re-rated during the next base metal price cycle.
While other metals have suffering on the back of a slowdown in Chinese demand for metals, zinc has been the best performed base metal throughout 2017, making zinc-lead projects an attractive proposition in the current market.
The Pursuit Minerals team have identified a value capture window based on current and previous trends in the zinc price cycle. With their experience in creating value in minerals transactions, the Pursuit Minerals team know how to read market signals and deliver value for shareholders.
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THE PURSUIT MINERALS TEAM
Pursuit Minerals has brought together a team of minerals exploration executives with a wealth of diverse experience in the sector. Led by Managing Director Jeremy Read, the team has delivered returns for investors in previous zinc exploration projects, including with ASX-listed Meridian Minerals, which delivered a 700% return to investors in 2007.
Jeremy is joined on the board by Chairman Peter Wall, Adam Blumenthal and Ian Wallace.
Peter is a lawyer with a wide range of experience in all forms of mergers and acquisitions, including takeovers and schemes of arrangement. He has advised on numerous successful IPOs and back door listings on the ASX.
Adam has over 10 years of investment banking and corporate finance experience. He has deep exposure to Australian and international markets, having provided capital raising and financing solutions to an extensive number of unlisted and listed companies.
Ian has held business, commercial and stakeholder engagement management positions with a number of junior, mid-tier and global resource companies for over 17 years as well as a further 10 years with BHP and five years with Anglo American.
Bluebush is probably the largest zone of zinc mineralisation in Australia — 120 square kilometres of greater than 1% zinc.
It’s also the largest known zones of sediment hosted zinc mineralisation in the Mt Isa province, and one of the largest globally. Geological similarities and proximity to the highly successful Century Mine make Bluebush an exciting prospect as an extensive zinc and lead deposit.
By locating the area where mineralisation has been focussed and concentrated within this large area of known zinc mineralisation, Pursuit Minerals is looking to establish a significant zinc deposit and capture value as global zinc prices rise.
Drill targets have been identified from data sets acquired from the projects previous owners, allowing Pursuit to quickly to move to commence drill testing targets. Pursuit Minerals’ objective is to discover another super-giant zinc deposit within the Mt Isa Superbasin, the world’s premier destination for zinc deposits.
Once a resource is defined, and with potential access to the extensive infrastructure associated with the recently mothballed Century Mine, Bluebush has the potential to be a truly world class zinc mine, capturing value for investors as global zinc prices rise.
Pursuit’s Paperbark project offers both short and long term opportunities for resource definition and value capture. Not only does the project offer the opportunity for a quality zinc deposit, just 25 km from the Century Mine, it also presents the team with an opportunity to define a copper resource which could deliver cash flow in the short term.
Three highly anomalous surface copper zones have been identified, with the potential to offer both viable copper oxide and sulphide resources. With further exploration Pursuit is looking to develop this promising copper potential at Paperbark.
Paperbark also presents Pursuit with another promising opportunity to develop a significant zinc project in a market of rising zinc prices. A resource has already been defined at the JB prospect, but there are several zones which have yet to be tested, with the geology of the site pointing to the potential for a significant zinc resource.
Pursuit has acquired 1,165 square kilometres of prime exploration ground within the world’s premier iron oxide copper gold (IOCG) province, the Gawler Craton in South Australia, host to the world-class IOCG deposits: Olympic Dam, Prominent Hill and Carapateena.
The Cyclops Prospect within the Coober Pedy project, occurs on the north-west margin of the Gawler Craton, in an area of shallower cover sequences (130-150m depth), making the Cyclops Prospect easier to explore than the majority of the Gawler Craton.
Prospective gravity and magnetic anomalies are located at the Cyclops Prospect, which require further investigation.
Pursuit Minerals immediate strategy is centred on developing their northern Queensland projects: Paperbark and Bluebush and maximising both projects’ valuations through the next base metal price cycle.
A key component of the Pursuit Minerals strategy is to focus its project development and exploration activities in known world-class mineral provinces with the proven pedigree to deliver super-giant base metal deposits.
The Paperbark and Bluebush projects are located within the world’s most prolific base metal province, the Mt Isa Super Basin. The Coober Pedy Project is located on the north-west margin of the Gawler Craton, the world’s premier iron oxide copper-gold province.