The project areas in the West Pilbara, known as Mt Wohler, Pyramid, Maitland and Kylena cover approximately 1,715 square kilometres and are considered to be prospective for base metals, PGE and/or gold mineralisation associated with concealed greenstone sequences or layered mafic – ultramafic intrusions.
Previous exploration over the Company’s West Pilbara project areas has been reasonably limited. A regional aeromagnetic survey completed by the Bureau of Mineral Resources, Geology and Geophysics (“BMR”) in the mid 1980’s identified a number of magnetic highs beneath Fortescue Group rocks in this portion of the West Pilbara which have formed the basis of the majority of subsequent exploration activity. The magnetic highs have been interpreted as having potential to represent concealed greenstone sequences or layered mafic - ultramafic intrusions in the Archaean basement rocks. There has been no drilling or modern geophysics completed on any of these targets.
The Seluma Iron Sands Project in Bengkulu Province, Sumatra, consists of a single lease considered to be prospective for iron rich heavy mineral sands within beach sands and sand dunes.
Previous exploration by the project vendors, PT Pringgondani Rizki Utama (“PT PRU”), and Pilbara has involved three separate shallow sampling programs and a two limited drilling programs, with the majority of this activity focused within the central portion of the lease.
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Market Reports /
by Lauren Evans -
2 years ago
19 Nov 2021 - The ASX sharemarket is edging higher this morning and fighting to stay in positive territory. At noon, the S&P/ASX 200 is 0.1% or 5.1 points higher at 7384.3. The SPI…
Market Reports /
by Lauren Evans -
2 years ago
16 Nov 2021 - The ASX is dragging lower this morning as miners weigh on the index. At noon, the S&P/ASX 200 is 0.5% or 37.7 points lower at 7432.4. The SPI futures are pointing to …
Market Reports /
by Lauren Evans -
2 years ago
10 Nov 2021 - The ASX has fallen for a third day, dipping into negative territory in the afternoon session as miners weigh heavily on the index. At the closing bell, the S&P/ASX 20…
Market Reports /
by Lauren Evans -
2 years ago
09 Nov 2021 - The ASX finished in negative territory after see-sawing for much of the session. At the closing bell, the S&P/ASX 200 was 0.2% or 18 points lower at 7,434. Across the…
Market Reports /
by Lauren Evans -
2 years ago
03 Nov 2021 - The ASX rebounded from yesterday’s fall and swam in positive territory today thanks to a rise in miners and banks. At the closing bell, the S&P/ASX 200 was 0.9% or 68…
Market Reports /
by Lauren Evans -
2 years ago
03 Nov 2021 - The ASX advanced this morning. Strong gains from miners, property trusts and financial stocks helped lift the index. At noon, the S&P/ASX 200 is 1.4% or 99.5 points h…
Market Reports /
by Lauren Evans -
2 years ago
26 Oct 2021 - The ASX flattened in the afternoon session with the tech sector doing much of the heavy lifting. At the closing bell, the S&P/ASX 200 was 0.03% or 2 points higher at …
Market Reports /
by Lauren Evans -
2 years ago
26 Oct 2021 - The ASX is pushing forward this morning as technology stocks and casino giants lift. At noon, the S&P/ASX 200 is 0.2% or 16.8 points higher at 7457.80. The SPI future…
Market Reports /
by Melissa Darmawan -
2 years ago
16 Sep 2021 - Major indexes around the globe closed mixed as oil price surges while iron ore falls. European markets were dragged lower by a fall in retail stocks. Asian markets re…
Market Reports /
by Lauren Evans -
2 years ago
15 Sep 2021 - The ASX trimmed its losses in the afternoon session, but was still weighed down by miners and energy stocks. At the closing bell, the ASX/200 was 0.3% or 20 points lo…
Market Reports /
by Lauren Evans -
2 years ago
15 Sep 2021 - The ASX is trading under pressure this morning after opening lower. At noon, the ASX/200 is 0.5 % or 33.6 points lower at 7403.7. The SPI futures are pointing to a fa…
Market Reports /
by Lauren Evans -
2 years ago
13 Sep 2021 - The ASX finished the day in positive territory, despite opening lower this morning. At the closing bell, the ASX/200 was 0.3% or 19 points higher at 7,425.
Market Reports /
by Lauren Evans -
2 years ago
13 Sep 2021 - The ASX opened lower, but improved before lunchtime thanks to gains in materials, Sydney Airport and Aristocrat. At noon, the ASX/200 is 0.3 per cent or 23.3 points h…
Market Reports /
by Lauren Evans -
2 years ago
21 July 2021 - The Australian share market remained in positive territory throughout the day. At the closing bell, the S&P/ASX 200 was 0.8 per cent or 57 points higher at 7,309.
Company News /
by Michael Luu -
2 years ago
11 May 2021 - Lithium player Pilbara Minerals (ASX:PLS) has agreed to join forces with with CO2-reduction technology developer Calix (ASX:CLX) to construct a lithium production fac…
Market Reports /
by Melissa Darmawan -
2 years ago
22 Apr 2021 - The ASX closed 0.8% higher to end the session shy of its 14-month high. Citi has downgraded Pilbara minerals (ASX:PLS) as a sell while Credit Suisse has downgraded Ch…
Market Reports /
by Katrina Bullock -
3 years ago
26 Mar 2021 - A strong end to the week for the Australian share market. The ASX 200 index ended the day 0.5 per cent or 34 points higher to finish at 6,824. Over the week, the mark…
Market Reports /
by Katrina Bullock -
3 years ago
26 Mar 2021 - The Australian share market rose at the open following positive leads from Wall Street and is tracking 0.5 per cent higher coming into the middle of the session. Sky …
Market Reports /
by Melissa Darmawan -
3 years ago
18 Mar 2021 - It's been a negative day of trade for the local market. After opening almost flat, the market continued to slide, extending yesterday's drop to close 49 points down. …
Market Reports /
by Rachael Jones -
3 years ago
15 Mar 2021 - At the closing bell the S&P/ASX 200 index closed 6 points higher, or 0.1% higher to finish at 6,773. Pilbara Minerals (ASX:PLS) has received a $US15 million unsecured…
Market Reports /
by Rachael Jones -
3 years ago
21 Jan 2021 - Following a lift on US markets overnight, the ASX looks set to open higher this morning. Donald Trump's presidency came to an end in the early hours of this morning w…
Market Reports /
by Melissa Darmawan -
3 years ago
14 Jan 2021 - It has been a positive day of trade for the ASX. After opening higher, the market slightly dipped and then rallied throughout the day to end 0.4% higher. Over in the …
Company News /
by Melissa Darmawan -
3 years ago
14 Jan 2021 - Pilbara Minerals (ASX:PLS) has raised approximately $60.6 million for their retail entitlement offer to help support the acquisition of all the shares in Altura Lithi…