IMO, they won’t be doing a DRP. I base that on the wording in the CMF announcement and listening to their dialog at the AGM live webcast in November. Read extract below, better still, the entire framework. Link provided.
Pilbara Minerals’ current strategy is to grow and diversify its business on the back of the strong cashflows being generated from its operations. To achieve this strategy, the Company will likely prioritise identified growth paths in the near-term which are expected to deliver the greatest long-term value for shareholders, ahead of allocating capital to special dividends, buy-backs or capital returns. Growth opportunities to which capital might be allocated in the near-term include:
https://1pls.irmau.com/site/pdf/9de1deac-87ff-415c-b8d7-16345badaa6c/Capital-Management-Framework.pdf
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