Ann: Non-core Mt York ground sold to Pilbara Minerals for $20m, page-26

agree. pleasantly surprised.

• $10M cash.
• $10M in PLS stock....which will only rocket in the years to come.
• 2% royalty on anything they find (Li, Au, Ta) in the ground KAI gave up. That is massive. PLs only wanted the land because their drilling told them the extension goes into the KAI ground. When the Li demand hits the roof again, KAI will start pocketing cash, its not as if PLS needs to build a plant or anything. they just drive the truck over and fill it up.
• negotiated agreement for mineral rights to all the ground surrounding Mt York - this was the biggest hold up for developing Mt York. 5,000 m of extensional drilling tells you heaps.

admittedly, if this was transacted during the Li boom price, the numbers would have been comparatively staggering. but bear in mind, PLS only recently explored the ground.

Now it aint over until the fat lady sings. Hopefully no stumbling blocks.