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Pure Minerals director shows support of TECH project development with on-market share purchase

The company is focused on developing the proposed Townsville Energy Chemical Hub (TECH) project in Queensland.

Pure Minerals Ltd - Pure Minerals director shows support of TECH project development with on-market share purchase
The TECH Project is envisaged to be a one-stop-shop for battery manufacturers

Pure Minerals Limited (ASX:PM1) director Eddie King has shown confidence in the company’s Townsville Energy Chemical Hub (TECH) Project plans with the on-market purchase of shares.

King bought one million shares for a consideration of $17,000.

New substantial holder

Earlier today, the company announced a new substantial holder in Robert Pearce who acquired more than 29.93 million shares, increasing his total number of Pure Minerals shares to 38.48 million.

Pearce now holds a 6.45% stake in the company.

Pilot plant

Pure Minerals’ wholly-owned subsidiary Queensland Pacific Metals Pty Ltd recently sent a bulk sample of laterite ore from New Caledonia to the CSIRO pilot plant in Western Australia.

The company is progressing pilot plant works in parallel with the bulk sample processing.

Quick facts: Pure Minerals Ltd

Price: 0.015 AUD

ASX:PM1
Market: ASX
Market Cap: $9.42 m
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Full interview: Pure Minerals' PFS confirms strong economic potential for...

Pure Minerals Ltd (ASX:PM1) managing director John Downie updates Proactive on a positive pre-feasibility study for the Townsville Energy Chemicals Hub (TECH) Project in North Queensland, which confirms its strong economic potential. The Townsville hub will include a battery chemicals...

on 10/12/19

2 min read