Pilbara Minerals’ Stock Soars on ASX After the Release of Corporate Presentation

  • Jan 17, 2019 AEDT
  • Team Kalkine
Pilbara Minerals’ Stock Soars on ASX After the Release of Corporate Presentation

Pilbara Minerals Limited (ASX: PLS) is under the metals and mining sector. It operates mainly in Lithium, exploration of Tantalum and developments of mine. The company was incorporated in the year 2005 and is based out of Australia. Pilgangoora Lithium-Tantalite Project, which is owned by Pilbara Minerals.

The company came up with the announcement of its project in Pilgangoora containing Lithium and Tantalum. The project is fully owned by the company with a mining life 23 years. The project has an established transport and port infrastructure with 2MTPA processing plant in stage 1.

The project has exceptional growth opportunity with three stages. Stage 1 has a capacity of 1.2 MTPA with stage 2 and three capacity of 5 MTPA and up-to 7.5 MTPA respectively. The process plant throughput performance continues to exceed expectations during production ramp-up, achieving a consistent run rate of 270 tph. A total of 58,000 dry metric tonnes of spodumene concentrate were produced a year to date. The processing plant delivers high-quality product during commissioning and production ramp-up.

Lithia recovery continues to improve during processing plant ramp-up to name-plate capacity, with additional capital optimizations to improve water quality management. Post commissioning, the company focus turns into lithia recovery improvements. It focuses on maximizing recovery with minimizing plant downtime. Overall production capacity is up to approximately 85.0% of the plant’s stage 1 design capacity.

The customer financing supports the funding package of $231 million expansion of the stage 2-project. Including US$25 million pre-payment from Great Wall Motor Company, A$50 million equity placement to Ganfeng Lithium, proposed new US$50 million Nordic Bond to be issued in accordance with the terms and conditions of the Company’s existing Nordic Bond, Existing cash, and Future cash-flow generated from operations in stage 1.

Lithium hydroxide will become the sought-after product for battery manufacturers presenting a significant opportunity for hard rock lithium projects. Korea is expected to be a significant player in the global battery supply chain with 25% of worldwide capacity by 2028. The company is positioned to downstream supply chain through the production of hydroxide.

The proposed joint venture between Pilbara minerals and POSCO consists of future participation in the rapidly developing Korean lithium-ion battery market, which has been proposed through a jointly owned lithium chemicals plant.

Now let us quickly have a look at the Pilbara Minerals Limited’s stock performance and the return it has posted over the last few months. The stock is currently trading at a price of $0.710 and increased by almost 2.158% approximately during the day’s trade, with a market capitalization of ~$1.21 billion. The stock opened at $0.700 with its day high of $0.715 and a day’s low price of $0.695. The stock has yielded a negative YTD return of 4.14% and posted negative returns of 32.20%, 12.58% and 7.95% over the last six months, three months and one-month period respectively. It has a 52-week high price of $1.20 and a 52-week low of $0.570, with an average volume of ~6.62 million approximately.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.


All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK