Tag: PLS
Mining Morsels: PLS, CHN
Plenty of action on Wednesday in the always interesting local mining sector. Here is the latest from strategic metals producers Pilbara Minerals and Chalice Mining.
Read MoreTrade Tidbits: LYC, PLS
Updates Tuesday from two companies who have been having a fine time of it lately, and while the good news continued for Lynas, Pilbara Minerals ran into some unexpected headwinds.
Read MoreChanging of the Guard Imminent for Pilbara
Long-time Pilbara Minerals CEO Ken Brinsden has revealed plans to step down by the end of this year, but will get the chance to deliver the company’s first full year result before he goes.
Read MoreResource Nuggets: GOR, MIN, PLS, OSH
Plenty of news from the resources sector on Tuesday, here are the details of key announcements made by Gold Road Resources, Mineral Resources, Pilbara Minerals and Oil Search.
Read MorePilbara Strikes Motherlode at Pilgangoora
Pilbara Minerals shares jumped yesterday after announcing new ore reserves of lithium oxide at its key WA mine, reversing a weeklong selloff that had seen the company’s stock price lose around 10%.
Read MoreLithium Deals Show Aussie-China Ties Not Totally Cut
Despite China having spent the past year or more monstering Australia and Australian companies, the ties between both countries continue, especially in the strategically important areas of lithium mining and processing.
Read MorePLS – Macquarie rates the stock as Outperform
Outperform rating with a target of $1.50.
Read MorePLS – Credit Suisse rates the stock as Downgrade to Neutral
Credit Suisse downgrades its rating to Neutral from Outperform with the target rising to $0.95 from $0.40.
Read MorePLS – Macquarie rates the stock as Underperform
While production and shipments were solid in the first quarter Pilbara Minerals has pointed out prices remain weak
Read MorePLS – Credit Suisse rates the stock as Outperform
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 MorePLS – Macquarie rates the stock as Underperform
Pilbara Minerals has shipped 33,700t of spodumene concentrate in the March quarter, a flat outcome on the prior quarter.
Read MoreLithium Producers In A Holding Pattern
Amid a lack of certainty about when lithium prices will improve Australian spodumene producers are continuing to curtail production.
Read MorePLS – Credit Suisse rates the stock as Outperform
Activity 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 MorePLS – Credit Suisse rates the stock as Outperform
The 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 MorePLS – Credit Suisse rates the stock as Outperform
September 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.
Read MoreBehind The Lithium Market Meltdown
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 MorePLS – Macquarie rates the stock as Resume coverage with Outperform
The 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 MoreLithium Project Premiums Point To Big Upside For Pilbara Shareholders
Pilbara 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 MorePLS – Credit Suisse rates the stock as Outperform
Credit 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 & Posco Confirm Lithium JV
Pilbara Minerals shares didn’t change yesterday after it edged closer to a deeper involvement in the lithium processing business.
Read MorePilbara Minerals Rockets Higher On Lithium Expansion
Shares 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 MoreDrilling Expands Pilgangoora Resource Potential
Pilbara 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 – New Drilling Underway
Pilbara 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 MoreBroker Turns Bullish On Pilbara Minerals
An 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 MoreLithium Upside In Pilbara Minerals
Pilbara 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.
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