Pursuit Minerals Launches Key Lithium Drill

Pursuit Minerals Ltd (AU:PUR) has released an update.

Pursuit Minerals Ltd has commenced Drill Hole 2 at the Sal Rio 02 tenement as part of its Stage 1 Drilling Program, following successful high-grade lithium intercepts from the previous drill hole. The company is optimistic about the potential findings from DDH-2, which is targeting a depth of 500-600m, and is concurrently advancing its Lithium Carbonate Pilot Plant with production expected in the second half of 2024. Geophysical surveys indicate the tenement is highly prospective for lithium brines, with a conductive layer suggesting significant resource potential.

For further insights into AU:PUR stock, check out TipRanks’ Stock Analysis page.