Significant milestone for Pilbara Minerals at Pilgangoora

Company News

by Rachael Jones

Pilbara Minerals (ASX:PLS) has produced the first concentrates at its 100 per cent-owned Pilgangoora Lithium-Tantalum Project in Western Australia.

The successful production of the initial spodumene and tantalum concentrates is a significant commissioning milestone.

This marks 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.

Meanwhile, Direct Shipping Ore production is currently ahead of the shipment program.

DSO invoicing is in line with the DSO Sale Agreement with Atlas Iron (ASX:AGO) that has already occurred, with payment for the first month’s production (May 2018) already received.

Shares in Pilbara Minerals (ASX:PLS) closed up 1.69 per cent to 90c.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.