The June quarter production result was positive, Credit Suisse observes. The project has demonstrated design recovery of 70-75% for extended periods. The main issue is with demand which is outside the company’s control.
Read MorePilbara Minerals has shipped 33,700t of spodumene concentrate in the March quarter, a flat outcome on the prior quarter.
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Amid a lack of certainty about when lithium prices will improve Australian spodumene producers are continuing to curtail production.
Read MoreActivity levels have been materially reduced over the December quarter to conserve cash in the current market, with mining down -78%. March quarter sales are guided at 35-50,000t and operating expenditure at $19.8m.
Read MoreThe company has reported recoveries in the December quarter to date of 60%. Credit Suisse notes, importantly, in early November recoveries averaged 68.5% over a five day period. This is a major step towards the long-held target recovery of 75%.
Read MoreSeptember quarter production was weak, curtailed to meet soft customer demand and limit the cash burn. The company achieved structural cost reductions and is targeting a reduction in quarterly costs of $5-10m.
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The stronger-for-longer lithium story is not exactly panning out as such, with a global oversupply emerging and the upbeat blue sky stories supplanted by tales of woe from the emerging producers. The same thing’s happening with that other wonder battery metal, graphite.
Read MoreThe company has completed the institutional proportion of its $91.5m capital raising. The second portion is a strategic investment from CATL, a Chinese-based global manufacturer of electric vehicles and energy storage batteries.
Read MorePilbara Minerals (PLS) was the big lithium presence at this week’s Resources Rising Stars conference, where there was lots of discussion about Tesla wankers and whether the electric vehicle revolution was real.
Read MoreCredit Suisse assesses the scoping study is further supportive of a stage 3 expansion of processing rates at Pilgangoora to 7.5mtpa in production to 1.2mtpa of spodumene concentrate.
Read MorePilbara Minerals shares didn’t change yesterday after it edged closer to a deeper involvement in the lithium processing business.
Read MoreThe company has produced its first spodumene and tantalite concentrates from the Pilgangoora fines flotation circuit ahead of schedule.
Read MoreShares in lithium miner Pilbara Minerals jumped almost 12% yesterday at one stage yesterday after the company said a pre-feasibility study demonstrated the the case for more than doubling production at its Pilbara mine in WA.
Read MorePilbara Minerals (ASX: PLS, Share Price: $0.66, Market Cap: $484m) is generating strong market interest and share price appreciation as a result of successful exploration, appraisal and pre-production activity on its Western Australian tantalum and lithium resource assets. The company’s key attraction is its low-risk exposure to lithium via its WA Pilgangoora project – a major component in high-tech applications.
Read MorePilbara Minerals (ASX: PLS, Share Price: $0.37, Market Cap: $319m) is generating strong market interest and share price appreciation as a result of successful exploration, appraisal and pre-production activity on its Western Australian tantalum and lithium resource assets. The company’s key attraction is its low-risk exposure to lithium via its WA Pilgangoora project – a major component in high-tech applications.
Read MoreAn impressive run of positive news including a major resource upgrade, an increase in the estimated size of its flagship project, a series of potential off-take deals and a recent price increase for its key product has prompted a top resource analyst to double his valuation for Pilbara Minerals (ASX: PLS).
Read MoreAustralian strategic metals company Pilbara Minerals Ltd (ASX: PLS) is pleased to advise that outstanding results have been received from a further 13 RC drill holes and a single diamond core hole from resource drilling at its flagship 100% – owned Pilgangoora Lithium – Tantalum Project, located near Port Hedland in WA.
Read MoreAustralian strategic metals company Pilbara Minerals is pleased to advise that work is underway on a key resource upgrade for its flagship 100% – owned Pilgangoora Lithium – Tantalum Project , located near Port Hedland in WA, as outstanding results continue to flow from ongoing resource drilling.
Read MorePilbara Minerals (PLS) has been a standout performer in the Australian junior mining sector this year, raising more than $13 million from strategic investors, developing its first mine, commencing a Feasibility Study on its second, much larger, lithium project, and signing up an impressive portfolio of global off-take partners.
Read MoreMemorandums of Understanding (MOU’s) signed with a multi – national North American company and Mitsubishi Corporation, a leading Japanese Trading Group – both of which supplies a large range of minerals to the glass and ceramics industry in their respective regions.
Read MoreOutstanding assay results received from the first three of six HQ diamond core holes completed at Pilbara’s 100% – owned Pilgangoora Lithium – Tantalum Project with excellent correlation achieved between previous RC drilling and diamond core drilling and significant assays.
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