Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
PILBARA MINERALS LIMITED PLS on ASX
https://www2.asx.com.au/markets/company/pls
Pilgangoora Project video updated with June 2020 Mineral Resource and Reserve
Apr 6, 2021
Pilgangoora Project and Operation Fly Through - May 2021
Paydirt TV with Pilbara Minerals July 2021
Jul 25, 2021
2021 Pilbara Minerals
Premiered Aug 3, 2021
Ken Brinsden
Managing Director and CEO Pilbara Minerals
About
Mr Brinsden is a Mining Engineer with over 25 years’ experience in surface and
underground mining operations. Ken graduated from the Western Australian School
of Mines in 1993. Between graduation and 2006 he worked for WMC Resources,
Normandy, Central Norseman Gold Corporation, GoldFields and Iluka Resources in
production, management, brown-fields and green-fields mine development roles.
Ken joined Atlas in May 2006 as Operations Manager. In January 2010 he accepted the role of Chief Operating Officer and subsequently from July 2011 Chief Development Officer, further contributing to the growth of the Company from a junior explorer to an iron ore producer with two Pilbara operating mine sites, a significant project development pipeline, a market capitalisation of circa AUD$2.0bn and admission to the ASX 100. Ken was Managing Director of Atlas from February 212 until June 2015. Ken continued his link with Atlas Iron Limited in the capacity of Non-Executive Director until May 3016.
Mr Brinsden has always maintained a keen interest in Community Development and
the not-for-profit sector. Ken was instrumental in the success Iluka Resources
generated in establishing new mines within South West Victoria by maintaining
strong bonds within the communities within which the Company worked. Iluka
Resources went on to receive a ‘Strezlecki Award’ award for community
engagement. Furthermore, he was a Director of the great Perth Charity Manna Inc., focussed on underprivileged communities in Perth and surrounds.
Ken is currently Managing Director and CEO at Pilbara Minerals.
https://www.linkedin.com/in/ken-brinsden-699536105/
Thanks Etailer,
These 2 stock will have my full attention this weekend for DD. They both tie together with Sayona mining.
Been watching Piedmont buy into a few Hard rock companies.
Trying to put some pieces together.
I'll be posting old stuff here just to figure out the past present and future.
GLTY
Pilbara has been good to me. I just wished that I would have rolled it all into Pilbara which I'm up 110% right now. I had high hopes for Altura, my guess is that they had crappy management and did not raise enough money initially to get this thing off the ground. Then when they ran short, shre prices tumbled and no one wanted to give them any money by that point.
Etailer, looks like PILBF has had a nice couple of months.
I need to do DD on this one and Altura Mining Limited (ALTAF).
GLTY
It's ok for a 3 year investment 12% return per year. Hopefully there is a huge lithium shortage and this stock blows up.
What’s wrong with 40%?
I have been holding this one for a few years now. Up 40%, nothing great but not too bad either
BCNU, I think there is much more to this story than meets the eye. I talked to the international trading desk at Schwab and they gave me the run-around and could not answer a few questions I presented. Will see if some larger holders do a Class Action.
Showed up on both Fidelity and E-trade up was forbidden to purchase.
BCNU
Does anyone else have the entitlement showing on trading account? It's shows on my Schwab account but they say it means nothing and I can't action it.
Opened a position here today...figuring on this for the long term -
futr
2 new news releases for Pilbara on Jan 2 , 2019
https://search.asx.com.au/s/search.html?query=pls&collection=asx-meta&profile=web
My TD Ameritrade account shows a total of 1300 shares traded with a new price of 0.433 UP only 0.0806 . I look forward to news of the trading halt to be lifted on the ASE .
Yeah, looks like only 1 trade showing up.
Thing is we have been stuck on 1000 shares volume since market open this morning Jan 2 , 2019 still waiting for word on trading halt to be lifted .
New valuation projection from the article would put the stock price at $1.71 per share.
Pilbara Minerals enters trading halt ahead of funding update
https://www.proactiveinvestors.com.au/companies/news/211790/pilbara-minerals-enters-trading-halt-ahead-of-funding-update-211790.html
Pilbara Minerals Ltd (ASX:PLS) has been granted a trading halt by the ASX pending an announcement regarding funding for its stage II expansion of the Pilgangoora Lithium-Tantalum Project in Western Australia.
The halt will remain in place until the earlier of January 3, 2019, or until an announcement is released to market.
One of the world's largest spodumene deposits
The Pilgangoora Project is one of the biggest new lithium ore (spodumene) deposits in the world, with a globally significant hard rock spodumene resource.
The project is accessible by road, with access to existing infrastructure including port facilities at the port of Port Hedland.
A September 2016 definitive feasibility study (DFS) confirmed a robust, high margin project with a post-tax net present value (NPV) of A$709 million.
Construction commenced in January 2017 and the first concentrate shipment left port on 2 October 2018.
Stage II DFS estimates $2.16 billion valuation
In February 2018, Pilbara Minerals released a Pre-feasibility Study into the expansion of the Pilgangoora Project to a 5 million tonnes per annum operation.
Following the positive PFS, a new DFS commenced for a stage II, 5 million tonnes per annum expansion, which estimated a post-tax NPV of $2.16 billion.
Thats crazy, up almost 50% this morning. There has to be something big going on.
Quiet sleepy stock. I’m just waiting for the industry to find out about the impending lithium shortage.
Loading of our first shipment of product from the #Pilgangoora #Lithium #Tantalum project is well underway at Port Hedland port https://bit.ly/2OntsRM #batteryminerals
Yeehah news
From Pilbara
We were pleased to partner with @northmetrotafe to deliver a bespoke training program for our employees at the #Pilgangoora #lithium #tantalum project to achieve a Certificate III in Resource Processing specifically relating to lithium #workready #training https://bit.ly/2N7oOCW
"Pilbara Minerals pleased to report that the first shipment of tantalite concentrate (of approximately 40 tonnes under the mine gate offtake agreement for primary concentrate sales) has been completed to Global Advanced Metals."
#tantalum #tantalummagazine #pilgangoora #pilbara #PLS
$PILBF
Buy buy buy!!! This company is the real deal and already being spoke of as being amongst the 3 biggest operating mines in the world! Pps will far exceed singular dollars
Apparently this baby is a red giant. Just grew in size an additional 36%. I'm confident that down the road this will be amongst the elite mining companies
"FIRST CONCENTRATES PRODUCED AT PILGANGOORA
Outstanding early results in plant commissioning with the successful delivery of initial fines spodumene and tantalite concentrates from the Pilgangoora Concentrator
Further to its ASX announcement of 13 June 2018 regarding the start of plant commissioning, Pilbara Minerals Limited (ASX: PLS) (“Pilbara” or “the Company”), is pleased to advise that it has produced the first concentrates at its 100%-owned Pilgangoora Lithium-Tantalum Project in WA.
The successful production of the initial spodumene and tantalum concentrates is a significant commissioning milestone, marking a key step on the path to full production as Pilbara Minerals begins its transformation from developer to become a pre-eminent global lithium and tantalum raw materials producer.
Fines Spodumene Concentrate Discharged from the Filter Press at the Pilgangoora Project (Photo 1)
The initial concentrate has not been tested for specifications or quality, however early signs indicate that the process plant and equipment is performing as expected.
Pilbara Minerals’ Managing Director and CEO, Ken Brinsden, said the production of initial fines concentrates was a significant and exciting milestone, coming just a week after the commissioning process commenced at the Pilgangoora Concentrator.
“This is a great result, which marks the culmination of the incredible hard work our entire team has put in to transform the amazing resource at Pilgangoora into a globally significant lithium raw materials production base – with Stage 1 of the project having been delivered in less than four years since the first drill hole,” he said.
“Pilbara’s great people and all of our important partners have done an amazing job. The Board is very proud of their achievements – which stand-out for the strong technical work supporting the project, the quality of the build and the speed with which the entire project has been delivered."
Flurry of Supply Deals as World Scrambles for Tomorrow’s Lithium
A flurry of activity between producers and buyers is underway to lock down supply agreements for years to come. While Chinese buyers are leading the way with deals all over the world, North American buyers including Elon Musk’s Tesla Motors are also securing all that they can as the world prepares for the electric vehicle (EV) revolution.
These deals are happening earlier and earlier in the process as well, with Tesla’s latest deal being signed with a plant that’s not even built yet. The same goes for Chinese lithium buyer, General Lithium Corp., which is now signed on to buy supplies from a future Canadian mine that’s not expected to generate revenue until Q4 of 2019.
The winners in all this are the lithium producers, both present and future. These are based all over the world, including Australian miners Kidman Resources Limited (OTC: KDDRF), Pilbara Minerals Limited (OTC: PILBF), Chile’s Sociedad Quimica y Minera de Chile (NYSE: SQM), and Canadian miners Nemaska Lithium (OTC: NMKEF) (TSX: NMX) and QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF).
A lithium supply gap is forcing buyers to aggressively jockey for position on global supplies as they roll off the production line. While this war for supplies heats up, the buyers must also be keeping tomorrow’s lithium mines and the miners on their radar.
These include the Mount Holland lithium JV project of Kidman Resources and SQM in Western Australia, and the Whabouchi Mine in Quebec, Canada, owned by Nemaska Lithium. Both of these mines are yet to be built, however, the bulk (if not all) of their supplies are already spoken for.
Calls are flooding other miners who are set to produce soon, like Pilbara Minerals on its Pilgangoora lithium-tantalum project—Despite the fact that the first stage is already 100% signed away to buyers General Lithium, and Ganfeng Lithium. Hence, the market is now looking towards which project is next in line to get a dance partner.
One junior that’s possibly moving closer to its own production in the years to come is QMC Quantum Minerals Corp. Bolstered by its 100%-owned Irgon Mine flagship project in mining friendly Manitoba, Canada, QMC controls what could be another lithium massive resource. Now they’ve assembled a technical team tasked with bringing the previously historic non-compliant resource into compliance, and to significantly expand Irgon’s size and potential.
Supply deals are being signed seemingly everywhere, as the market for lithium is showing no signs of slowing down. In order to meet the demand, new projects must continue to develop into production. With buyers getting out ahead of their competitors earlier and earlier, the financing for these new projects will likely become smoother, faster, and more prevalent.
LUCRATIVE LITHIUM SUPPLIERS: PRESENT AND FUTURE
Kidman Resources Limited (OTC: KDDRF)
The Australian miner made international headlines as it signed a three-year lithium supply deal with arguably the world’s most famous EV manufacturer, Elon Musk’s Tesla Motors. The fixed-price deal is set to commence once Kidman’s project in Western Australia begins production. The Mount Holland hardrock lithium project in western Australia is a joint venture with Chile’s SQM, the world’s second-largest lithium producer. Kidman is also building a refinery to process its lithium into battery-grade material, which is expected to commence construction in 2021.
Sociedad Quimica y Minera de Chile (NYSE: SQM)
Set inside the Kwinana Strategic Industrial area, south of Perth, SQM and Kidman’s JV refinery is set to be commissioned in 2021. The project has an initial annual nameplate capacity of 44,000 tonnes of lithium hydroxide or 37,000 tonnes of lithium carbonate. While Kidman recently signed its supply deal with Tesla, SQM has also been working on its own deals back in its home base of Chile. Midway through May, SQM received more than $4 billion for selling a sizeable stake of itself to China-based Tianqi Lithium.
Pilbara Minerals Limited (OTC: PILBF)
Now that it’s on the cusp of commissioning its Pilgangoora lithium-tantalum project, Pilbara is already being inundated with requests for lithium supply, according to company boss Ken Brinsden. Already, 100% of the expected 300,000-350,000 tonnes per annum of spodumene is committed under offtake deals with General Lithium and Ganfeng Lithium. However, there’s still a possible stage 2 expansion on deck, should Pilbara approve a final investment decision valued at over US$155 million in July. Ganfeng, Great Wall Motors and POSCO have options over all of the planned stage 2 production of 500,000-550,000 tonnes per annum as well. As things stand for the next few years, Pilbara is sold out.
Nemaska Lithium (OTC: NMKEF) (TSX: NMX)
Much like Pilbara, Canada’s Nemaska Lithium now has its own lithium supply agreement with General Lithium Corp. Based in the province of Quebec, Nemaska’s Whabouchi Mine will supply a significant quantity of spodumene concentrate on a take-or-pay basis at a market priced-based formula, at the time of delivery. The supply period is set to commence after the construction of the Whabouchi Mine and continue up to the full ramp-up of an electrochemical plant in Shawinigan, Quebec. Nemaska expects the spodumene concentrate sales to generate revenue by the last quarter of 2019.
QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF)
While at a much earlier stage of development compared to Nemaska, QMC Quantum Minerals is making significant strides on its 100%-owned Irgon Lithium Mine Project in Manitoba. QMC recently reported it had engaged SGS Canada to provide technical support and consulting services to help carry out the company’s 2018 field exploration and drilling program. As well, SGS will use the data acquired through the 2018 exploration program to compile a NI 43-101 compliant technical report to confirm and potentially increase the previously non-compliant historical resource of 1.2 million tonnes at 1.51% Li2O. With a potentially massive resource in play, QMC could be the next Canadian lithium supplier.
MANITOBA’S MILLIONS OF MINING TONNES
With the possibility of a resource that could have significantly more than 1.2 million tonnes at 1.51% Li2O, QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF) is getting closer to a major mining event in Manitoba. Having uncovered a long forgotten treasure in the Irgon Dike, QMC aims to capitalize on the significant increase in prices for today’s lithium versus when the discovery was first made.
Earlier in May, QMC disseminated historical assay results that were obtained during a 1956 channel sampling of the Irgon Dike where it is exposed underground in crosscuts on the 200-foot level. The company released a 3-D model, which demonstrates that, to date, exploration and underground development has been only undertaken on the upper and central portions of dike leaving significant potential to quickly increase tonnage, as the Irgon Dike is open both along strike and to depth.
The project was originally worked on by the Lithium Corporation of Canada in the 1950s, and now is finally getting an effective work program. With modern analysis, the potential for the project is far more massive than it was given credit for over 60 years ago. On site, a complete mining plant was previously installed, designed to process 500 tons of ore per day, and a three-compartment shaft was sunk to a depth of 74 meters. When work on the operation was suspended in 1957, the market for lithium oxides wasn’t favourable. However, with today’s prices (and the subsequent mad rush for supply and offtake agreements), the rebooting of the Irgon Mine project is not only sensible, but seemingly inevitable.
Disclaimer
Nothing in this article should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this article is not provided to any individual with a view toward their individual circumstances. Baystreet.ca has been paid a fee of ten thousand dollars for QMC Quantum Minerals advertising. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this article as the basis for any investment decision. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in this article is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
Source: https://www.baystreet.ca/articles/stockstowatch/39331/Flurry-of-Supply-Deals-as-World-Scrambles-for-Tomorrows-Lithium
Bounces back tomorrow.
Pilbara is sitting on the mother-lode of lithium. Great price right now (Cheap) IMHO.
"Direct shipping ore (DSO)
operations are also now underway, with first sales expected in early Q2 2018."
Thats means income stream starting in just a few short weeks.
The Pilgangoora Lithium-Tantalum Project remains on schedule with first spodumene concentrate expected during June 2018. • Stage 1 plant construction and mine development continues to advance rapidly. Direct shipping ore (DSO) operations are also now underway, with first sales expected in early Q2 2018.
SUCCESSFUL FIRST DRAW-DOWN FROM US$100M SENIOR SECURED BOND ISSUE AS PILGANGOORA ADVANCES RAPIDLY First draw-down marks another significant milestone with the proceeds to fund the completion of construction, plant commissioning and first production from the Pilgangoora Project Highlights • First draw-down completed under the fully subscribed US$100M senior secured bond issue completed in June 2017, following satisfaction of all conditions including a cost-to-complete test. The first draw-down represents ~50% of the total bond proceeds. • The bond was well supported by a combination of large Australian and international funds, as well as the Australian Government body, the Clean Energy Finance Corporation (CEFC). • The Pilgangoora Lithium-Tantalum Project remains on schedule with first spodumene concentrate expected during June 2018. • Stage 1 plant construction and mine development continues to advance rapidly. Direct shipping ore (DSO) operations are also now underway, with first sales expected in early Q2 2018.
>.75 tomorrow?
Today's WSJ article (page B3) - "VW Amps Up Electric-Car Plans"
Excerpts include:
* VW has vowed to overtake Tesla "with an extensive rollout of battery and hybrid models over the next five years as well as new production facilities around the world;"
* VW is the largest carmaker worldwide, with sales of 10.7 million vehicles last year, and has said it will "build at least 16 new electric-vehicle plants by 2025 in Europe, China and the U.S. The company expects nine of those plants to be in operation by 2020;"
* VW "aims to sell 3 million electric vehicles a year by 2025;"
* VW owns a dozen brands including VW, Audi, Porsche; Skoda, Bentley and Lamborghini" (how cool would an electric Lambo be?), and intends to "launch a new electric vehicle virtually every month starting in 2019" (as in NEXT YEAR!);
* VW Chief Executive, Matthias Muller commented: "This is how we intend to offer the largest fleet of electric vehicles in the world, across all brands and regions, in just a few years. The absolute numbers are still small, but that will change at the latest when the first models of the next e-generation comes to market;"
* VW "has already invested nearly half of the 50 billion Euros it has earmarked for batteries as it ramps up electric-vehicle output;"
* VW's "new electric-car plants will use standard underlying technology to create greater scale and cut costs;" and
* "Using this strategy, VW's brands are planning to launch 50 new electric models and 30 new hybrids by 2025 and to create electric versions of the company's entire range of more than 300 models by 2030."
Go LAC longgggg!!
Report TOS
Moderate
Pilbara was already near $1 pps before this pullback. $1 pps this spring seems easy. If the lithium bull market is restored this spring and summer like I think it will(tesla getting to 5000 Model 3/wk being a major catalyst) $2 pps late summer is possible.
Market cap is around $1b. Market caps of the big boys, SQM and ALB, around $10b. We shall just see how big Pilbara can get. They already have major agreements with major corporations and are looking to ramp up production in short order. And you are right, it's a huge mine with tantalum as well as lithium. Maybe some gold in there too.
Just a great solid place to drop a big chunk of money for safety and rapid growth.
I sure hope so. I just picked up another 1500 shares at $.65. Sweet price. Also added to my Altura at $.29
I don’t think we will be seeing these prices again.
Any projections on future pps? I feel like with its mammoth size and the right deals this thing could legitimately reach $10.00- $15.00 in two/three years time
LANDMARK DEAL WITH POSCO CEMENTS PILBARA’S GROWTH
RUNWAY AND OPENS UP KOREAN LITHIUM MARKET
Multi-pronged agreement includes binding off-take from Stage 2 5Mtpa Pilgangoora operation, an immediate A$79.6M direct equity investment into Pilbara to accelerate Stage 2 and participation in a proposed downstream lithium chemicals facility in the rapidly growing South Korean market
Highlights
• Landmark agreements executed with multi-billion dollar South Korean conglomerate POSCO, establishes long-term strategic relationship and secures first-mover position for Pilbara Minerals in the fast-growing South Korean lithium raw materials market.
Loaded up on this sleeping giant and ready to enjoy ride. Not understanding how this stock isn't getting far more attention. At all.
Trade halt until 2nd
Another day. Another deal.
https://mobile.reuters.com/article/amp/idUSL4N1QH2ZM?__twitter_impression=true
Pilbara is going to be delivering product not far behind Altura!!
Australian lithium developer Pilbara Minerals Limited (ASX: PLS) (“Pilbara” or “the Company”) is pleased to advise that construction and development of its flagship 100%-owned Pilgangoora Lithium-Tantalum Project (“Pilgangoora Project” or “Project”) is progressing well and remains on schedule to commence plant commissioning in Q2 2018 and deliver its first spodumene concentrate by late Q2 2018.
Followers
|
18
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
292
|
Created
|
09/15/17
|
Type
|
Free
|
Moderators TradingCharts |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |