Pursuit Minerals - Initiation Report
Newly acquired tier 1 lithium play in the much coveted ‘Lithium Triangle’ of Latin America being swiftly moved up the valuation curve by a team with a proven track record.Pursuit Minerals Limited has explored a succession of metals in its quest for a project that would move the needle. This search is over following the successful recent acquisition of Trilogy Minerals, which has all the makings of potentially being a big winner within lithium brines. Trilogy has a large acreage on Rio Grande Salar, a brine lake in Argentina containing commercial lithium grades. Lithium brine plays are richly rewarded by the market for defining JORC-compliant resources and given bumper re-ratings as they move towards production, given their lower CAPEX requirements versus hard rock peers.
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