Explorer Pursuit pursues London main market listing
Australia-headquartered explorer Pursuit Minerals has started a process to seek a dual listing of the company’s shares on the LSE, a market which MD Jeremy Read says has considerable investor interest for its vanadium projects.
Pursuit, which will retain its ASX listing, is focused on advancing its Airijoki and Koitelainen vanadium projects in Sweden and Finland, respectively.
Read, who is leading an investor roadshow in London this week, said that the Airijoki and Koitelainen scoping studies had highlighted the potential for financially robust projects by initially producing high-grade vanadium magnetite concentrates.
The company will move to a definitive feasibility study for Airijoki “as soon as practicable”, with an infill drilling programme planned for September to convert inferred resources to a measured and indicated resource.
“While we are planning for the Airijoki DFS and also a targeted regional exploration programme at the project, we are continuing with discussions with the Finnish government to achieve grant of an exploration licence at Koitelainen later this year,” Read said.
Airijoki hosts an inferred resource of 44.3-million tonnes, containing 5.9-million tonnes of magnetite at 1.7% vanadium pentoxide (V2O5) for 100 800 t of V2O5.
At the Koitelainen Vosa prospect, an inferred resource of 116.4-million tonnes, containing 5.8-million tonnes of magnetite at 2.3% V2O5 for 131 000 t of V2O5 had been defined.
Pursuit aims to complete its LSE listing process by the end of the year.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation