PLS 0.17% $2.95 pilbara minerals limited

PLS Iron Oxide Content, page-147

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    Don’t see how it could be stated any more clearly. Thanks KB and PLS for speedy confirmation that there is no issue here. Some snippets from report today:

    “Therefore, Fe2O3 is not considered to be a deleterious element as testwork demonstrates most Fe2O3 can be removed through a standard metallurgical process.”

    “For clarity, there is no direct comparison between iron in Resource, Reserve, nor final products produced. Each is subject to various modifying factors. As outlined in this release, the Reserve is subject to dilution modelling which includes the influence of iron in host/waste rocks.
    Final products produced from the mined ore (as a subset of the Reserve) result from the ore being concentrated to produce final products. As such, minerals contained within the ore will behave differently as a result of the various plant processes including gravity separation, flotation and iron removal. This may result in iron content levels that are either higher or lower than both the Resource or Reserve estimates.
    In any case, Pilbara Minerals and its key technical experts have determined through drilling, testwork, feasibility, engineering studies and now production from the Pilgangoora concentrator that its final products will achieve benchmark quality standards.”

    https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC6ge7yBSZsPtqke92GA==
 
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