Pure Resources Limited has advanced its Reedy Creek Garnet Project through a strategic alliance with SSH Group Ltd, alongside board changes and promising metallurgical results that underpin commercial potential.
- Strategic alliance framework progressed with SSH Group Ltd
- Metallurgical testing confirms high-grade garnet commercial viability
- Appointment of Allister Caird as Non-executive Director
- Cash balance of $482K with no debt as of June 30, 2025
- Plans underway for further exploration and project development
Strategic Partnership to Accelerate Development
Pure Resources Limited has taken a significant step forward in advancing its Reedy Creek Garnet Project by progressing the framework of a strategic alliance with SSH Group Ltd. This partnership is designed to fast-track the project’s development timeline and operational capacity, with SSH providing internal resources to assist in reaching a Final Investment Decision (FID).
The alliance includes an Initial Project Engagement phase, where SSH will lead site operations to accelerate studies, identify early revenue opportunities, and conduct mining scenario planning. Following the FID, the companies will enter an exclusive negotiation period to establish terms for a life-of-mine operational contract, underscoring a long-term collaborative approach.
Promising Metallurgical Results Reinforce Project Potential
Pure Resources has reported encouraging metallurgical test results from garnetiferous material at Reedy Creek, with initial testing achieving garnet purity levels up to 93.2%. A second phase of testing on a larger 3-tonne sample is underway to refine processing methods and develop commercially viable garnet products for markets in Australia, the USA, and Asia.
The garnet deposit itself is a high-grade skarn located in Western Australia, with historical drilling revealing substantial garnet concentrations near surface and open at depth. The project's proximity to established infrastructure, including the Great Northern Highway and Wyndham port, adds logistical advantages.
Board Refresh and Financial Position
In a move to strengthen its leadership, Pure Resources appointed Allister Caird as a Non-executive Director, bringing over 15 years of technical and corporate experience in critical minerals exploration. Caird replaces Dr James Warren, who resigned during the quarter.
Financially, the company reported a cash balance of $482,000 with no debt as of 30 June 2025. While this provides a runway of approximately 1.5 quarters at current expenditure levels, Pure Resources acknowledges the need for additional funding to sustain ongoing operations and exploration activities.
Looking Ahead
Pure Resources plans to prepare and execute further exploration programs across its portfolio in the coming quarter, focusing on expanding resource definitions and advancing project economics. The strategic alliance with SSH and the positive metallurgical outcomes position the company well to unlock early commercial potential and move towards a definitive investment decision.
Bottom Line?
Pure Resources’ strategic moves and technical progress set the stage for critical next steps in advancing Reedy Creek, but funding and execution remain key watchpoints.
Questions in the middle?
- What is the timeline and financial structure for the Final Investment Decision with SSH Group?
- How will Pure Resources secure additional funding beyond the current cash runway?
- What are the detailed commercial terms and potential revenue models for the garnet products?