The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Pure Resources (PR1) pauses field work at its Killarney project near Halls Creek in Western Australia due to flooding
  • Despite the impact on its planned activities at Killarney, Pure is preparing for extensive work across the rest of its projects while also awaiting assay results
  • Approvals have been received for 3000 metres of drilling at PR1’s Yundamindra project, and drilling is also planned at the Laforge project in Canada
  • Meanwhile, assays for drilling completed at the Mount Monger and Yandal projects in WA are expected in the coming weeks
  • PR1 shares are up 5.8 per cent trading at 32 cents at 3:33 pm AEDT

Pure Resources (PR1) has paused field work at its Killarney project near Halls Creek in Western Australia due to flooding.

Despite the impact on its planned ground activities, Executive Chairman Patric Glovac said the company remained focused on exploring the project’s potential through aerial electromagnetic survey work and ongoing geophysical interpretation.

Mr Glovac also said the company is committed to continuing exploration, with significant field programs and drilling planned across its projects for the year ahead.

At its Yundamindra project in WA, Pure is poised for a 3000-metre drilling campaign after receiving departmental and Native Title approvals.

This round of work is following up on previous auger drilling that identified a contiguous nickel geochemical anomaly and returned a top assay of 1.38 per cent nickel.

Pure has also engaged Apex Geoscience to expand its initial reconnaissance program at its recently-acquired Laforge project in Canada with a field program, to be followed by drilling.

Meanwhile, assay results from drilling completed at both the Mount Monger and Yandal projects are expected in the coming weeks.

PR1 shares were up 5.8 per cent trading at 32 cents at 3:33 pm AEDT.

PR1 by the numbers
More From The Market Online

Will copper prices continue to run? A look at how we got here & what experts think

Copper is having a bull run in YTD – that much is clear. So where do…

Aspire Mining secures approval for Ovoot Coking Coal Project road in Mongolia

Aspire Mining (ASX:AKM) has announced the approval of the Detailed Environmental Impact Assessment (DEIA) for the…

Adore CEO steps down as revenues go up

Adore Beauty's chief executive officer is stepping down at the same time that the company's quarterly…