PLS has many projects on the go. Has it occured to anyone that PLS may have other plans in mind in regards to growth? Just because KB is on the BOD doesn't make it a given that PLS are in the hunt. PLS need to focus on their own extensive growth projects.
They are currently expanding their own resource with a 153 hole 46904m completed in the June quarter. PLS don't need PMT. They have enough tenements in a known Lithium rich region. PLS need more downstream expansion, which is their focus via a midstream JV with Calix, Hydroxide plant with Posco and the current partnering process for another downstream facility (approx 70 parties expressed interest). They currently have a 25 year LOM at 1Mtpa. With a few more drilling campaigns on the current mine lease and local tenements, they could easily expand the resource to 500Mt from the current 310Mt and increase SC production towards 2Mtpa.
Yes, PMT looks like being a great resource. I'm sure plenty of interested parties will take a stake which will help progress the project to production by 2028-30 and deliver desperately needed Lithium to the North American market.
Many of the LT PLS shareholders on HC have expressed via posts, they are not in favor of a PMT stake. I'm in that camp. Too much other business going on with downstream growth the priority.
4.1 Pilgangoora and Regional The Group completed a major resource development drilling campaign comprising a total of 153 holes for 46,904m during the quarter. Results from the program, designed to drill test down-dip extensions of key pegmatite domains within the mine footprint area and other near mine target areas, are in the process of being modelled for an updated JORC Mineral Resource 6 and Ore Reserve estimate scheduled for release in Q1 FY24. RC and diamond drilling programs within the Pilgangoora Operation’s mine corridor will continue during Q1 FY24. In addition, exploration RC drilling is being undertaken to the south of Pilgangoora to sterilise for additional waste landform area. Surface geochemistry and geological mapping programs are scheduled to commence on several regional exploration licences in Q1 FY24.
PMT Price at posting:
$1.71 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)