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Pure Minerals gains new substantial holder in Robert Pearce

Pure Minerals and Queensland Pacific Metals plan to develop a modern battery metals refinery which will produce nickel sulphate, cobalt sulphate and high purity alumina (HPA) for use in lithium-ion battery production.

Pure Minerals Ltd - Pure Minerals gains new substantial holder in Robert Pearce
Pure Minerals was previously named Eagle Nickel Ltd

Pure Minerals Ltd (ASX:PM1) has gained a new substantial holder in Robert Pearce who has acquired more than 29.93 million shares, increasing his total number of Pure Minerals shares to 38.48 million.

He now holds a 6.45% stake in the company.

Bulk sample ore on-route to WA

Pure Minerals’ wholly-owned subsidiary Queensland Pacfific Metals Pty Ltd (QPM) has a bulk sample of laterite ore from New Caledonia in transit to the CSIRO pilot plant in Western Australia.

QPM’s New Caledonian ore supply partners, Société des Mines de la Tontouta (SMT) and Societe Miniere Georges Montagnat SARL (SMGM) have mined an 80-tonne bulk sample which is representative of what would be supplied to QPM under the agreement signed between the parties in 2018.

The sample ore has been assayed, bagged and loaded into containers ready for shipment to Perth, where the pilot plant is being recommissioned.

Upon arrival in Perth, the ore must be dried prior to processing in the pilot plant

Quick facts: Pure Minerals Ltd

Price: 0.015 AUD

ASX:PM1
Market: ASX
Market Cap: $9.42 m
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