Announcement • Jan 14
Pure Resources Limited Announces Appointment of Martin Helean as Non-Executive Director and Resignation of Allister Caird as Non-Executive Director, Effective January 14, 2026 Pure Resources Limited announced that Mr. Martin Helean has been appointed as a Non-Executive Director of the Company, effective January 14, 2026. Mr. Helean brings over 30 years of senior management experience across the mining, exploration, manufacturing and construction sectors, both in Australia and internationally. He is highly skilled in contract negotiations and is recognised for driving lean, efficient operations that deliver measurable commercial outcomes. Mr. Helean has a strong focus on strategic execution, with a proven ability to translate business objectives into actionable plans that foster sustainable growth and performance. He currently serves as Managing Director and Chief Executive Officer of Great Dirt Resources Ltd, and as Non-Executive Chairman of Oceana Metals Ltd. The Company also announced that Mr. Allister Caird has resigned as a Non-Executive Director, effective January 14, 2026. New Risk • Dec 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$11.0m market cap, or US$7.36m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). Announcement • Dec 16
Pure Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.7 million. Pure Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,333,333
Price\Range: AUD 0.15
Discount Per Security: AUD 0.009
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Oct 03
Pure Resources Limited, Annual General Meeting, Nov 12, 2025 Pure Resources Limited, Annual General Meeting, Nov 12, 2025. Board Change • Jun 04
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Jane Law was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 09
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Executive Chairman Patric Glovac was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 26
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Executive Chairman Patric Glovac was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.4m free cash flow). Shares are highly illiquid. Revenue is less than US$1m (AU$45k revenue, or US$28k). Market cap is less than US$10m (AU$4.60m market cap, or US$2.89m). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). Board Change • Jan 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Executive Chairman Patric Glovac was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Executive Chairman Patric Glovac was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 19
Pure Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.350128 million. Pure Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.350128 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,405,424
Price\Range: AUD 0.1
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,095,860
Price\Range: AUD 0.1
Security Features: Attached Options
Transaction Features: Rights Offering New Risk • Sep 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$4.35m market cap, or US$2.99m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (17% increase in shares outstanding). Announcement • Sep 19
Pure Resources Limited, Annual General Meeting, Nov 14, 2024 Pure Resources Limited, Annual General Meeting, Nov 14, 2024. New Risk • Aug 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$4.04m market cap, or US$2.63m). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding). Board Change • Jun 30
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Jane Law is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 30
United Lithium Corp. (CNSX:ULTH) acquired Pr1 Finland Oy from Pure Resources Limited (ASX:PR1) for AUD 0.19 million. United Lithium Corp. (CNSX:ULTH) acquired Pr1 Finland Oy from Pure Resources Limited (ASX:PR1) for AUD 0.19 million on April 29, 2024. The consideration also includes, 2% royalty on returns from the commercial production of minerals from Kast and Kova. The transaction also includes the acquisition of Kast Reservation and Kova Reservation in Finland. The transaction is approved by the Board of Pure Resources Limited.
United Lithium Corp. (CNSX:ULTH) completed the acquisition of Pr1 Finland Oy from Pure Resources Limited (ASX:PR1) on April 29, 2024. New Risk • Nov 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.7m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$9.00m market cap, or US$5.91m). Minor Risk Less than 3 years of financial data is available. New Risk • Oct 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.7m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$7.50m market cap, or US$4.80m). Minor Risk Less than 3 years of financial data is available. New Risk • Sep 18
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.7m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (AU$9.19m market cap, or US$5.91m). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (13% average weekly change). Announcement • Sep 08
Pure Resources Limited, Annual General Meeting, Oct 30, 2023 Pure Resources Limited, Annual General Meeting, Oct 30, 2023. Agenda: To consider the re-election and appointment of the directors. Announcement • Jan 06
Pure Resources Limited Announces Preliminary Results from Its Maiden Geological Fieldwork Campaign That Covered Less Than 5% of the 270Km2 Project Area At the Company's Laforge Lithium Project, Located in Quebec, Canada Pure Resources Limited announced preliminary results from its maiden geological fieldwork campaign that covered less than 5% of the 270km2 project area at the Company's Laforge Lithium Project, located in Quebec, Canada. Pure recently engaged Canadian based geological consultants Apex Geoscience Ltd. to conduct an aerial reconnaissance, mapping and sampling program over the Project in an opportunistic attempt to generate data prior to seasonal extreme weather conditions. Through a helicopter assisted field program, the team sampled as many areas of outcrop (areas where snow had been windswept) that were accessible. The Company is excited with the identification of rock types prospective for lithium mineralisation, specifically, as well as orogenic gold style mineralisation. The Company believes the prospectivity of the Project has been significantly enhanced through this reconnaissance field program and plans to complete further, extensive field programs as soon as practibly possible. 240 outcropping rock samples were collected and submitted to ALS laboratories in Val- d'Or, Quebec, for preparation and ME-MS61 multi-element analysis with results expected to be returned to the Company in 8 weeks. Preliminary field observations noted the presence of spodumene and pyrite mineralisation prospective for lithium and gold mineralisaiton, respectively. Three samples contained visual spodumene and fluoresced under ultraviolet light. Given this is the maiden exploration program over this greenfields area, further investigation is required to fully evaluate the mineralogy of the rock samples including the extent and tenor of possible lithium mineralisation. The Project is a significant belt-scale tenement package covering a total of ~270km2 of the Laforge Greenstone Belt. The Project is situated 65km northeast of Patriot Battery Metals Inc.'s Corvette discovery in the Superior Province, Quebec, Canada. Apex Geoscience Ltd. were engaged by the Company to complete an aerial reconnaissance, mapping and sampling program over the Project in an opportunistic attempt to generate geological data prior to seasonal extreme weather conditions (snow, heavy ice and fog etc). 240 samples were collected, 41 of those being identified as pegmatite or pegmatitic. Aerial reconnaissance was completed over the Project area with 9 main sites accessible for on-ground mapping and sampling. Of these one contained what appeared to be a small tourmaline crystal, three samples observed contained visual spodumene and fluoresced under ultraviolet light with further investigation ongoing and assays pending to fully evaluate the extent and tenor of possible lithium mineralisation . All samples were submitted to ALS laboratories in Val-d'Or, Quebec, for preparation and ME-MS61 analysis. Analysis is expected to take approximately 8 weeks with major backlogs in preparation times at ALS. Samples were collected from all located outcrops during the program with the focus on zones with migmatitic and mylonitic outcrop with mapped geology, in conjunction with metasediment packages. Where these zones correspond to high topography, the field team encountered the outcrops with the most prospective lithologies. Announcement • Dec 06
Pure Resources Limited Secures an Additional 110Km2 of Claims Situated 65Km Northeast of Patriot Battery Metals Inc.'S (Pmet) Corvette Discovery, in the Superior Province, Quebec, Canada Pure Resources Limited announced the Company has secured an additional 110km2 of claims situated 65km northeast of Patriot Battery Metals Inc.'s (PMET) Corvette discovery, in the Superior Province, Quebec, Canada. This follows the recent approval of 160km2 of claims and takes the Company's landholding to a belt-scale holding of 270km2 over the Laforge Greenstone Belt. PR1 (Canada) Ltd. (a wholly owned subsidiary of Pure Resources Ltd) received approval for the Company's application for 180 claims situated in central Quebec, Canada. An additional 36 claims remain pending and are expected to be granted in due course. This application is in addition to the previously announced 319 claims with the combined tenement package now covering an area of 270 km2. The claims are situated 35 km from the La Grande-4 (LG-4) hydroelectric generating station that is part of Hydro-Québec's James Bay Project and are accessible by a network of roads that service the hydroelectric project. Rare-element pegmatites occur along large regional-scale faults in greenschist and amphibolite facies metamorphic terranes. They are typically hosted by mafic metavolcanic or metasedimentary rocks and are located near peraluminous granite plutons (Selway et al. 2005). PMET's Corvette discovery is the nearest known lithium project and shares many geological similarities with the Company's Laforge claims. Review of publicly available geological and geophysical datasets by Company geologists identified that the Laforge Greenstone Belt is prospective for pegmatite-hosted lithium deposits due to the following geological attributes: Two families of rare-element pegmatites are common in Quebec, Ontario and Manitoba, Canada: Li-Cs-Ta enriched (LCT) and Nb-Y-F enriched (NYF). LCT pegmatites typically occur in the Superior province, whereas NYF pegmatites occur in the Grenville province (Goad, 1990; Breaks et al., 2003). The Laforge and La Grande greenstone belts are situated within the Superior province and are as such considered prospective for the LCT pegmatite family. The rock types of the Laforge Greenstone Belt are dominated by amphibolite facies, mafic to ultramafic metavolcanics and intermediate to mafic paragneiss units. This stratigraphy is analogous to PMET's Corvette property where pegmatite intrusions are hosted within basalt derived amphibolite rocks. Announcement • Dec 02
Pure Resources Secures 160Km2 Lithium Exploration Area -Quebec, Canada Pure Resources Limited (Pure or Company) announced the Company has secured 160 km2 of claims situated 65 km northeast of Patriot Battery Metals Inc. Corvette discovery, in the Superior Province, Quebec, Canada. Pure's prospectus dated 11 March 2022 and released to the ASX on 19 April 2022 (Prospectus) outlined the Company's use of funds (Use of Funds). Under the Use of Funds, Pure has allocated $400,000 for project generative activities. PR1 (Canada) Ltd. (a wholly owned subsidiary of Pure) received approval for the Company's application for 319 claims situated in central Quebec, Canada. The claims cover an area of 160 km2 and are situated 35 km from the La Grande-4 (LG-4) hydroelectric generating station that is part of Hydro-Québec's James Bay Project. The claims are accessible by a network of roads that service the hydroelectric project. Rare-element pegmatites occur along large regional-scale faults in greenschist and amphibolite facies metamorphic terranes. They are typically hosted by mafic metavolcanic or metasedimentary rocks and are located near peraluminous granite plutons (Selway et al. 2005). Patriot Battery Metals Inc. Corvette discovery is the nearest known lithium project and shares many geological similarities with the Company's Laforge claims. Review of publicly available geological and geophysical datasets by Pure's geologists identified that the Laforge Greenstone Belt is prospective for pegmatite-hosted lithium deposits due to the following geological attributes: - Two families of rare-element pegmatites are common in Quebec, Ontario and Manitoba, Canada: Li-Cs-Ta enriched (LCT) and Nb-Y-F enriched (NYF). LCT pegmatites typically occur in the Superior province, whereas NYF pegmatites occur in the Grenville province (Goad, 1990; Breaks et al., 2003). The Laforge and La Grande greenstone belts are situated within the Superior province and are as such considered prospective for the LCT pegmatite family. - The rock types of the Laforge Greenstone Belt are dominated by amphibolite facies, mafic to ultramafic metavolcanics and intermediate to mafic paragneiss units. This stratigraphy is analogous to PMET Corvette property where pegmatite intrusions are hosted within basalt derived amphibolite rock. - The main target corridor, within the Laforge Greenstone Belt, is defined by high- magnetic signatures, which is indicative of the presence of rocks rich in iron and magnesium (i.e. mafic and ultramafic lithologies). The magnetic data will be a key targeting tool for identifying prospective corridors where the rheological and structural architecture are favourable for the intrusion of pegmatite bodies. By analogy, the Corvette pegmatites are situated along a high-magnetic corridor, indicative of the underlaying mafic stratigraphy which hosts the pegmatites. - The Quebec geological survey, Ministère des Ressources naturelles et des Forêts (MERN), has identified multiple peraluminous granites adjacent to the Pure's claims and it is hypothesised that one, or more, of these granites could be a potential source of LCT pegmatites. Announcement • Nov 24
Pure Resources Limited Provides an Update on the Company's Exploration Activities Completed At Its Killarney Project Pure Resources Limited provided an update on the Company's exploration activities completed at its Killarney Project and planned for its Mount Monger Project and Yandal Project. Completion of electromagnetic survey at Killarney Project by NRG Australia. Drilling contractor secured to complete maiden drill program at both Mount Monger Project and Yandal Project. Mount Monger Project drill campaign will be up to 2,800m of air-core drilling and is scheduled to begin on the 27th of November 2022. The Yandal Project drill campaign program will be up to 3,000m of reverse-circulation drilling and is scheduled to begin on the 30th of November 2022. During the month of November 2022, The Company completed an electromagnetic survey (EM Survey) on its wholly own Killarney Project. The data from the EM Survey is currently being processed and the results will be released to the ASX once they are available. Since admission to the ASX, Pure has focused on navigating the standard native title approval process to complete on-ground exploration at Killarney. Pure has existing Heritage Protection Agreements (HPA) with the Malarngowem Native Title Group in the Kimberley, and the Kakarra and Nyalpa Pirniku Native Title groups in the Eastern Goldfields. The Company will build on this foundation to complete on-ground exploration activities in the coming quarter. A HPA between the Company and Traditional Owners is entered into voluntarily and provides a framework for the management and protection of Aboriginal cultural heritage during exploration programs. In accordance with the HPA, Pure is required to serve notice of proposed work programs to the Traditional Owners by way of a Heritage Impact Notice (HIN). The HIN process follows a series of steps which must be completed prior to the commencement of exploration. The steps are as follows: Step 1 Pure submits HIN to relevant Native Title group, outlining the proposed work program and detailing the specifics of location, timing, methods and personnel required to complete the proposed activities. Step 2 Native Title group and body corporate review HIN within 30 days and arrange a meeting between Pure and the relevant Traditional Owners and family groups. Step 3 Pure attends a meeting with the Directors of the relevant Aboriginal Corporation to outline and discuss the proposed work program. At this stage, the Traditional Owners can express any concerns about the preservation of Aboriginal Heritage and highlight known areas of cultural sensitivity. Announcement • Oct 20
Pure Resources Limited Announces Highly Encouraging Shallow Auger Drilling Results from Exploration Works At Its Yundamindra Project Pure Resources Limited announced highly encouraging shallow auger drilling results from exploration works at its Yundamindra Project. The auger drilling program returned multiple assays >1% Ni with a peak assay of 1.38% Ni. During September, 1,171 auger drillholes were completed at the Yundamindra Project to systematically test for nickel anomalism over E39/2251. The results from the auger campaign have highlighted a contiguous geochemical anomaly (>2,650ppm Ni, 90th percentile) that extends north-south over 1.8km. Additionally, the auger drilling has identified multiple, discrete nickel anomalies or `hot- spots' within broader geochemical haloes. The auger results validate that there exists the potential for near surface nickel mineralisation and the Company will now test the potential for lateritic and sulphide hosted nickel-cobalt mineralisation. The Yundamindra Project consists of two tenements (E39/2251 & E39/2254) prospective for Kambalda Style nickel, and orogenic gold mineralisation. E39/2251 shares the same rock types and sits directly south, along strike, from the Eucalyptus Bore Ni-Co Project which has an Ore Reserve of 32.2 Mt @ 0.91% Ni & 0.06% Co. With respect to the gold potential, numerous prospects and historical workings occur both within greenstone and granite lithologies. Gold mineralisation is shear related and hosted by relatively high-grade auriferous quartz veins. Announcement • Oct 17
Pure Resources Limited Announces Highly Encouraging Rock Chip Results from Initial Reconnaissance Fieldwork At its Yundamindra Project Pure Resources Limited announced highly encouraging rock chip results from initial reconnaissance fieldwork at its Yundamindra Project (the Project). The reconnaissance sampling of outcropping ultramafic rocks returned promising nickel values of 0.35% Ni (PRRK07), 0.31% Ni (PRRK08) and 0.29% Ni (PRRK09) (Table 1). During an initial site visit conducted in August 2022, ten rock chip samples were collected from outcropping ultramafic rocks at the Project (Figure 1) to validate the potential for near surface nickel mineralisation. Due to the presence of komatiitic rock types, which are essential for the development of Kambalda Style nickel deposits, the Company believes there is the potential for lateritic and sulphide hosted nickel-cobalt mineralisation. The Company has since completed a 1,200-hole auger sampling program over the tenement and is expecting to receive results within the coming week. During the field work, geologists observed wide areas of outcropping to sub-cropping ultramafic rocks, in parts covered by a thin veneer of transported colluvium. The results from the auger program will delineate targets for follow-up drill testing. The Yundamindra Project consists of two tenements (E39/2251 & E39/2254) prospective for Kambalda Style nickel, and orogenic gold mineralisation (Figure 2). E39/2251 shares the same rock types and sits directly south, along strike, from the Eucalyptus Bore Ni-Co Project which has an Ore Reserve of 32.2 Mt @ 0.91% Ni & 0.06% Co. With respect to the gold potential, numerous prospects and historical workings occur both within greenstone and granite lithologies. Gold mineralisation is shear related and hosted by relatively high-grade auriferous quartz veins. Announcement • Oct 04
Pure Resources Limited, Annual General Meeting, Nov 28, 2022 Pure Resources Limited, Annual General Meeting, Nov 28, 2022. Agenda: To consider the re-election and appointment of directors. Announcement • Aug 25
Pure Resources Limited has announced a Derivatives Offering in the amount of AUD 0.01875 million. Pure Resources Limited has announced a Derivatives Offering in the amount of AUD 0.01875 million.
Security Name: Loyalty Options
Security Type: Equity Option
Securities Offered: 18,750,005
Price\Range: AUD 0.001
Transaction Features: Rights Offering Recent Insider Transactions • Jul 05
Executive Chairman recently bought AU$66k worth of stock On the 29th of June, Patrick Glovac bought around 300k shares on-market at roughly AU$0.22 per share. This was the largest purchase by an insider in the last 3 months. This was Patrick's only on-market trade for the last 12 months. Announcement • Jun 22
Pure Resources Limited Announces Highly Encouraging Assay Results from Initial Reconnaissance Fieldwork at its Killarney Project, Located 150 Km Southwest of Kununurra Pure Resources Limited announced highly encouraging assay results from initial reconnaissance fieldwork at its Killarney Project, located 150 km southwest of Kununurra. The reconnaissance sampling of outcropping malachite mineralisation returned high- grade copper values of 19.3% Cu & 78 g/t Ag (PRRK01), 11.4% Cu & 26 g/t Ag (PRRK02) and 1.8% Cu & 6 g/t Ag (PRRK03). During an initial site visit conducted in March 2022, six rock chip samples were collected from the Killarney and Turkey Creek prospects to validate historical data that was reported by Australian Anglo American Ltd. and CRA Exploration in the early 1970's. The Killarney Copper occurrence consists of widespread and persistent vein, fracture and disseminated copper mineralization that outcrops irregularly over an area of 250 x 100 metres. It is centred within the McHales Granodiorite some 12.5 kilometres southeast of Warmun. CRA Exploration completed the initial work at the Killarney prospects in 1972 and conducted three traverses of rock-chip sampling across the `main' zone of mineralization and obtained copper values ranging from 10 ppm to 3.8% Cu. In 1972, Anglo identified a malachite-stained gossan which was subsequently called the Turkey Creek Prospect. Anglo described the gossan as having a strike length of 90m (300ft), hosted by a granulite adjacent to a garnet gneiss contact (Anglo, 1973). Grab samples from the gossan returned maximum values of 1.1% Ni and 0.6% Cu. About the Killarney Project The Killarney Project comprises one tenement, E80/5153, located approx. 150 km southwest of Kununurra and 140km north-east of the town of Halls Creek. Access is via the Great Northern Highway and then east along the Texas Downs Road for 8 km to the project site. The Killarney Project is situated in a rapidly emerging district prospective for stratigraphic copper and intrusion related nickel copper-PGE mineral systems. Independence Group Ltd. have in excess of 8,400 square kilometres of tenure along the Halls Creek Orogen and have been actively exploring the district. Announcement • Apr 23
Pure Resources Limited Announces Company Secretary Changes Pure Resources Limited announced the appointment of Mr. Quinton Meyers as Company Secretary, effectively immediately, replacing Mrs. Carly Terzanidis. Announcement • Apr 21
Pure Resources Limited (ASX:PR1) completed the acquisition of Yundamindra Project GTT Metals Group Pty Ltd. Pure Resources Limited (ASX:PR1) agreed to acquired Yundamindra Project from GTT Metals Group Pty Ltd for AUD 0.0077 million on September 2, 2021. To the extent that ASX do not permit the cash payment to be made, Pure Resources Limited will instead issue GTT Metals Pty Ltd Shares to the equivalent value i.e. up to 38,842 Shares. Pure resources has also agreed to a 1% net smelter royalty payment. Settlement of the acquisition is subject to and conditional on the certain conditions precedent being satisfied, including parties obtaining all necessary corporate, governmental and regulatory approvals, consents and waivers required to lawfully complete the acquisition; and the parties obtaining all necessary third party approvals, consents and waivers required to lawfully complete the acquisition, and the Company raising a minimum of AUD 4,650,000 under the Offer.
Pure Resources Limited (ASX:PR1) completed the acquisition of Yundamindra Project from GTT Metals Group Pty Ltd on April 21, 2022. All conditions precedent to the agreement between the Company and GTT Metals have been satisfied, not waived and in accordance with the tenement sale agreement.