| Announcement Date: | 2022-10-17 |
|---|---|
| Announcement Type: | Exploration Update |
| Announcement Code: | JORC |
| Company name: | Pure Resources Ltd. |
| Project name: | Yundamindra |
| Location: | Australia |
| Commodities: | Nickel |
| Highlight: | Rock chip results return up to 0.35% Ni |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Pure Resources Limited (Pure or Company) is pleased to announce 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). Pure’s Executive Chairman, Patric Glovac, commented: “It is exciting to validate the presence of widespread surface nickel mineralisation at the Yundamindra project. Pure has also completed follow-up auger drilling on the Project, with results from this recent program due imminently. “Following the successful listing of Pure, we have been in the field visiting all the key target areas we identified during desktop studies to refine our exploration strategy for the year ahead. “We are encouraged by the presence of nickel at the Yundamindra Project. The recent results support the Company’s vision of becoming a battery metal focused company through exploration of existing projects and acquisition of new projects”. |
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