PM1 0.00% 1.4¢ pure minerals limited

Ann: Quarterly Cashflow Report, page-4

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  1. 5,095 Posts.
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    Well funded be great to see some FOMO leading into news .

    PM1 expects to release results from an additional 13 holes from the first phase drilling program at additional prospects - the Isles and Steven Ridge - in the coming weeks.
    These results will be used to plan additional phase 2 drilling within the E09/2217 tenement at Battery Hub, which PM1 expects to initiate early this year. In conjunction with this drilling, PM1 will drill RC holes within its adjacent E52/3523 tenement, which contains the prospective Five Fingers prospect.

    Phase 2 is expected to commence in early 2018 and will include exploration of the prospective Five Fingers prospect, including preliminary metallurgical test work aimed at determining whether PM1 has the capability to beneficiate the mineralised material recovered at Battery Hub - a key determining factor as to whether PM1's mined material will be able to be sold to electric-vehicle battery manufacturers once the company enters production.
 
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