PUR pursuit minerals ltd

Ann: Phils Hill Drilling Commenced, page-330

  1. 1,894 Posts.
    lightbulb Created with Sketch. 484
    No dramas Lani.

    Yea I’m not sure why they aren’t drilling deeper?
    diamond drilling would be a hell of a lot cheaper than $250k/metre but maybe the costs per metre become a lot more once you go over 200m?
    which would make sense to me as it becomes a lot of work and is time consuming for the drillers and off Siders the deeper they drill, having to feed 3m rods at a time just to get to the depth to drill then pull 3m length rods back out to retrieve the core sample, which off memory is in 3 metre lengths which one will usually be used on hard ground. (Hope that made sense? Lol)

    so basically it could be a cost saving and time saving initiative?
    management could also use the DHEM survey to get a better picture on wether it’s viable to proceed, rather than doubling (or tripling?) the cost of drilling to find only 1 or 2 holes required deeper drilling maybe?

    Also I’m not sure if 20A went to 400m as it sounded like a Phil’s Hill anomalies generalisation to me on the Bulls n bears interview…
    I also can’t recall reading the depths of the anomalies on any announcements (only starting depths from surface)
    maybe I missed that part somewhere?
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
11.5¢
Change
0.029(33.7%)
Mkt cap ! $11.60M
Open High Low Value Volume
9.0¢ 12.5¢ 9.0¢ $158.1K 1.574M

Buyers (Bids)

No. Vol. Price($)
1 10000 10.5¢
 

Sellers (Offers)

Price($) Vol. No.
11.5¢ 38030 2
View Market Depth
Last trade - 16.10pm 18/09/2025 (20 minute delay) ?
PUR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.