Pilbara Minerals Ord Shs T.PLS

Primary Symbol: PILBF

Metals & Mining Industrial Metals & Minerals

Pilbara Minerals Limited is an Australia-based lithium company. The Company is primarily engaged in the exploration, development, and mining of minerals in Australia. Its 100% owned Pilgangoora hard-rock lithium operation is located approximately 120 kilometers (kms) from Port Hedland in Western Australia’s resource-rich Pilbara region. The operation consists of two processing plants: the Pilgan Plant, located on the northern side of the Pilgangoora area and produces spodumene and tantalite concentrates, and the Ngungaju Plant is located to the south produces spodumene concentrate. It owns 70% of the Mt Francisco project, which is located 50 km south-west of the Pilgangoora Project and hosts the large occurrence of outcropping pegmatites located nearby to Port Hedland. It is also pursuing a proposed downstream joint venture (JV) for the development of an approximately 43,000 tons per annum (tpa) lithium carbonate equivalent (LCE) lithium chemical conversion facility in South Korea.

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Comment by FrozenInOntarioon Jan 21, 2015 12:46pm

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Post# 23344383

RE:RE:News

Can we qualify 15 to 20% increase in tonnage as sandbagging ? or very conservative ? I would have expected a bit more as this would be an increase of 500 to 700 thousand tons for the year. And Long Beach should provide something close to this. Especially that the last quarter was a bit soft.

So I gather the Herb prefers to set the bar a bit low so they underpromise and overdeliver ?

Regards,

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