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Pilbara Minerals in the press
The rapid emergence of Australian strategic metals producer Pilbara Minerals (ASX: PLS) as one of the most dynamic new growth stories on the ASX has seen the company featured in several prominent press articles in recent weeks. Some of the coverage stemmed from a highly successful site visit last week by a group of investors and journalists to the Companys flagship Pilgangoora spodumene-tantalite and Tabba Tabba tantalum projects.
Pilgangoora potential drives Pilbara, says Miningnews.netWriting yesterday on the widely-read international news site Miningnews.net, journalist Jack McGinn, who visited site as part of the group, wrote extensively about rapid emergence of Pilgangoora as the worlds second-largest hard rock spodumene resource positioning Pilbara to cash-in on burgeoning demand for lithium. Spodumene is a high-grade lithium-hosting mineral which is present at Pilgangoora in the abundant pegmatite, which at points protrudes from the ground as rocky outcrop between vast shrubbery and the red dirt roads which snake their way through the area, McGinn wrote. Far from its barren origins, the product is primarily used within the glass and ceramics industry but is also a key component of the rechargeable batteries for which demand is expected to rocket in the coming years, he said. Click here to read Jack McGinns article.
Lithium demand powers Pilbara, says The Weekend AustralianWriting in last weeks Weekend Australian, the countrys biggest-selling national newspaper, journalist Paul Garvey says that Pilbaras efforts to develop Pilgangoora have come at just the right time in the lithium market as demand soars and supply tightens up. Shares in Pilbara have surfed almost tenfold in the past six months, taking its market capitalisation beyond $220 million, Garvey wrote after returning from last weeks site visit. Pilbara is in the middle of a feasibility study that will finalise the expected costs and economics of a development at Pilgangoora. The mine and processing plant is likely to cost about $100m, a manageable amount for a company of Pilbaras new-found size, he added. Click here to read Paul Garveys article in the Weekend Australian
Lithium charges ahead, says the Sunday TimesSunday Times Business Reporter Vetti Kakulas, who was also part of last weeks site visit, noted that, while other junior WA miners were shutting down, Pilbara Minerals is getting set for production with its multi-million dollar lithium-tantalum projects. "Despite the downturn, the North Fremantle based company has been a strong performer this year, raising more than $13 million from investors and developing its first mine, she wrote. Its also signed up, in the space of a few months, memorandums of understanding with a multinational US company, Japans Mitsubishi Corporation and China groups for its Pilgangoora project, she added. Click here to read Vetti Kakulas article.
Rarer than gold mineral lures investors, says The Australian Financial ReviewAnd, writing in Australias leading financial daily, The Australian Financial Review, a few weeks ago, reporter Tess Ingram says the so-called new minerals being mined by Pilbara Minerals could be the future for the sector In the shadows of Western Australias once-in-a-generation iron ore boom, Pilbara Minerals has quietly drilled the regions red dirt to firm up its large Pilgangoora deposit, she wrote. The Perth-based company is weeks away from producing tantalite at another Pilbara mine, Tabba Tabba, and hopes to have Pilgangoora in production in 2017. Click here to read Tess Ingrams extensive feature article in The Australian Financial Review