Pilbara Minerals support Pilgangoora expansion

Company News

by Rachael Jones

Lithium developer Pilbara Minerals (ASX:PLS) has released results for their Definitive Feasibility Study for stage 2 of its 100 per cent-owned Pilgangoora Lithium-Tantalum project.

The report has unlocked significant additional value with exceptional results.

There is also the significant potential for increased Ore Reserves.

The DFS delivered a slight increase in capital costs from $207 million to $231 million but there is potential for expansion of the plant over time.

Shares in Pilbara Minerals (ASX:PLS) closed 4.52 per cent lower to $0.85 yesterday.
 

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.