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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Pilbara Minerals Ord Shs

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Post by venturecap1on Nov 10, 2016 9:28am

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Post# 25444087

Material Stocks on the rise

All the material stocks in the US took flight yesterday with most jumping 10% and hitting new 52 week highs. I believe once the over hang from ABC funds liquidating their position and we work through tax loss season, Polaris is poised to have a brilliant 2017.

-volumes should continue to increase
-pricing should improve
-benefit from lower Cdn dollar
-infrastructure build out in the US

It has been a very frustrating year but I do believe we will soon be back on track to better times ahead with Polaris...GLTA

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