Business
What’s driving the Pursuit Minerals (ASX:PUR) share price 35% higher?
Pursuit Minerals Ltd (ASX: PUR) shares are off to the races today, up more than 35% to 5 cents in afternoon trading. Earlier during intraday trade, the Pursuit Minerals share price rallied by as much as 70% to 6.4 cents before retreating.
The soaring share price comes following the company’s announcement of promising airborne electromagnet (AEM) data from its Calingiri East exploration licence on the Warrior PGE-Ni-Cu project in Western Australia.
(For the uninitiated, Ni stands for nickel, Cu is copper, while PGE stands for platinum group elements. Those are comprised of palladium (Pd), iridium (Ir), osmium (Os), rhodium (Rh) and ruthenium (Ru).)
What did the company report?
The Pursuite Minerals share price is surging today…
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