Pursuit Minerals Limited announced it that it has completed the acquisition of Trilogy which holds the rights to acquire over 9,260 hectares at the Rio Grande Sur Project as approved by Pursuit shareholders on 6 February 2023 (the "Transaction"). As part of the Transaction, Pursuit has negotiated a reduction in the option exercise price for the Cateo licence from USD 2.5 million to USD 1.94 million (cash saving of ~AUD 883,000) (the purchase price to now be satisfied through a cash payment by Pursuit of AUD 2.9m and the issue of 20.8 million shares, for a net saving of ~AUD 416,000). Trilogy is a lithium exploration and development company.

Trilogy has five option interests to secure various tenements that are prospective for lithium located near Salta, Argentina in the Rio Grande Sur Project. All 5 options have now been exercised. The five tenements cover approximately 9,233 hectares ("Tenements").