Pure Minerals Limited (ASX:PM1)
One tiny ASX metals explorer has set its sights on a compelling string of prospects in the globally recognised Gascoyne and Pilbara mining regions in Western Australia, as well as an intriguing property in South Australia.
An immediate view to explore these highly prospective tenements, should unleash a flood of news flow from the company in the coming months and into 2018.
With a strong emphasis on clean energy applications and battery technology, this company is looking for key ‘next generation’ battery metals.
Freshly recapitalised, having raised funds to the tune of $4.5 million, the company has realigned its focus and begun trading on the ASX under a new code.
Its current market cap is just $5.4 million, attributing an Enterprise Value (EV) of just $900,000 to this company. It is clear that this stock is well funded to start adding some serious value over the coming months.
Lithium is one half of the clean energy equation in its portfolio, and we hardly need to tell you about the electric vehicle-powered future of this relentlessly high-performing metal.
Another crucial piece of the battery puzzle for this forward-looking company is manganese — a lesser-known metal driven by the robust steel industry and growing demand from clean energy applications.
A hub of activity planned across this company’s projects in the coming weeks and months and well into 2018, meaning that the company expects to generate regular, consistent news flow.
The information on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.
Newly cashed up and ASX-reinstated, this ASX micro-cap is set to get busy as it throws itself head-first into an aggressive exploration program.
With its exposure to a diverse range of metals in highly prospective areas and its focused exploration strategy, its micro-cap days might soon be far behind.
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Aug 15, 2017
Pure Minerals Limited (ASX: PM1), formerly Eagle Nickel, is an emerging junior explorer with a diverse portfolio of highly prospective copper, lithium and manganese projects in globally significant WA mining districts.
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