Pearl Gull Iron Limited

Investor Presentation - Proposed Earn-in to NeoRe SpA

Overview of the La Marigen Ionic Rare Earth Project Located in the coastal belt of central Chile

Pearl Gull Iron Limited (ASX: PLG) (Pearl Gull, PLG or the Company) is pleased to present its investor presentation.


Highlights of the Opportunity

80% interest in NeoRe

  • Pearl Gull to earn up to an 80% interest in privately held Chilean-based company NeoRe SpA (NeoRe).

La Marigen Project

  • NeoRe holds the La Marigen ionic REE clay Project that is highly prospective for ionic adsorption REE clays along the coastal belt of Chile. The NeoRe team holds over a decade in the successful evaluation, definition and development of ionic adsorption clay deposits, strong in-country technical and stakeholder relationships.

License area

  • NeoRe holds 5 license areas prospective for REE comprising of 74 exploration applications and 4 granted exploration concessions over an area of approximately 22,800 hectares, located to the north of Aclara Resources advanced ionic adsorption REE Penco Project.

Under explored coastal belt

  • Geological similarities to southern China ionic rare earth province along the under explored coastal belt of Chile. The project area overlaps forestry industry with easy access and proximity to major industrial port city and infrastructure.

Experience

  • Experienced mineral industry executive, Dr John Mair, to join the Board of the Company and oversee its REE strategy.

DISCLAIMER

The purpose of this presentation is to provide general information about Pearl Gull Iron Limited (Pearl Gull or the Company). It is not recommended that any person makes any investment decision in relation to the Company based solely on this presentation. This presentation does not necessarily contain all information which may be material to the making of a decision in relation to the Company. Any investor should make their own independent assessment and determination as to the Company’s prospects prior to making any investment decision and should not rely on the information In this presentation for that purpose. This presentation does not involve or imply a recommendation or a statement of opinion in respect of whether to buy, sell or hold securities in the Company. The securities issued by the Company are considered speculative and there is no guarantee that they will make a return on the capital invested, that dividends will be paid on the shares or that there will be an increase in the value of the shares in the future. This presentation contains certain statements which may constitute “forward‐looking statements”. Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achievements to differ materially from those expressed, implied or projected in any forward‐looking statements. The Company does not purport to give financial or investment advice. This presentation is presented for informational purposes only. It is not intended to be, and is not, a prospectus, product disclosure statement, offering memorandum or private placement memorandum for the purpose of Chapter 6D of the Corporations Act 2001. Except for statutory liability which cannot be excluded, the Company, its officers, employees and advisers expressly disclaim any responsibility for the accuracy or completeness of the material contained in this presentation and exclude all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any error or omission there from. The Company accepts no responsibility to update any person regarding any inaccuracy, omission or change in information in this presentation or any other information made available to a person nor any obligation to furnish the person with any further information. This presentation has been approved by the Board of Pearl Gull Iron Limited and is current as at July 2024.

COMPETENT PERSONS STATEMENT

The information contained in this announcement that relates to exploration results and geology is based on, and fairly reflects, information compiled by Dr John Mair, who is a Member of the Australasian Institute of Mining and Metallurgy. Dr Mair is shareholder of Huemul Holdings Pty Ltd and will join the Board of Pearl Gull following completion of the Acquisition (as announced on 14 June 2024) and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Mair consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears. Mr Mair holds securities in the Company. The information in this presentation that relates to historical exploration results were first reported by the Company in accordance with listing rule 5.7 on 14 June 2024. The Company confirms it is not aware of any new information or data that materially affects the information included in the original announcement.


Click here for the full ASX Release

This article includes content from Pearl Gull Iron Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
PLG:AU
The Conversation (0)
South Korean flag with a red and blue circle, black trigrams on white fabric.

Australian Strategic Reports Bump in Rare Earths Sales Enquiries

Australian Strategic Materials (ASX:ASM,OTC Pink:ASMMF) has confirmed the sale of neodymium and praseodymium (NdPr) metal and neodymium-iron-boron (NdFeB) alloy to its key partners.

Supply came from the company's critical metals facility in South Korea's Ochang Foreign Investment Zone. Located 115 kilometres south of Seoul, the plant opened in May 2022 and is Australian Strategic's flagship metallisation plant.

According to Australian Strategic, it is the only ASX-listed company capable of producing rare earth metals and alloys commercially. The plant is one of the few facilities outside of China capable of producing the high-tech metals and alloys needed for clean energy technologies, advanced manufacturing, defence and aerospace.

Keep reading...Show less
DY6 Metals

Widespread Natural Rutile Observed Throughout the Central Rutile Tenement Package

DY6 Metals Ltd (ASX: DY6, “DY6” or “Company”) is pleased to announce the initial results from the reconnaissance exploration program at the Central Rutile Project, Cameroon. Desktop studies incorporating detailed geological mapping, geophysics, and known mineral occurrences, were used to define initial, high priority targets for ground-truthing. The reconnaissance programme, which consisted of auger sampling, road-cutting channel sampling, soil sampling and stream sediment sampling, was successful in identifying heavy mineral (HM) and natural rutile mineralisation across all five tenements that make up the Central Rutile project. Rutile nuggets, ranging in size from 1mm+ to 2cm+, were observed in alluvial and eluvial (residual) sources. Samples collected from the initial exploration programme are currently being prepped for dispatch to the Company’s laboratory for analysis in South Africa, with results expected in August 2025.

Keep reading...Show less
Hyyndai logo and name on sign.

Hyundai Builds Rare Earths Stockpile to Offset Supply Risks

As global automakers brace for fallout from China’s tightening grip on rare earths exports, Hyundai Motor (KRX:005380,OTC Pink:HYMTF) appears to have quietly positioned itself ahead of the curve.

According to Reuters, a source familiar with the matter said on a recent investor call that the auto giant has stockpiled enough rare earth materials to maintain uninterrupted electric and hybrid vehicle production for about a year. The strategic stockpile should buy Hyundai critical time as supply chains buckle under mounting geopolitical tension.

China’s April decision to restrict exports of seven rare earths — a move requiring producers to obtain government licenses — has sent shockwaves through the auto, aerospace and semiconductor industries, particularly in the west.

Keep reading...Show less
An advanced recycling plant where robotic arms are sorting and processing rare earth metals.

Recycling Rare Earths: Path to Securing North American Supply Chains

Recycling materials has been a widely established process to promote sustainability and reduce carbon footprint. Now, thanks to both technology innovation and an increasing global sentiment toward resource resilience and security, this well-known process is carving a niche in the critical minerals space.

The global shift toward clean energy and advanced technologies is driving unprecedented demand for rare earth elements (REEs), yet the US remains almost entirely dependent on foreign sources, particularly China, for its supply. As the risks of this reliance grow more apparent, both industry and government are turning to recycling as a scalable, lower-impact solution to secure domestic access to these strategic materials.

Keep reading...Show less
Eclipse Metals

Eclipse Metals Completes $2M Oversubscribed Placement at Market Price to Advance 89Mt Grønnedal Rare Earth Project

Eclipse Metals Limited (ASX: EPM) (Eclipse or the Company) is pleased to advise that it has received firm commitments to raise $2 million (before costs) through a placement to institutional, professional, and sophisticated investors (Placement). The Placement was strongly supported, and the Company has accepted $2 million in line with its strategic funding objectives. Allocations were scaled back accordingly.

Keep reading...Show less

Latest Press Releases

Related News

×