It would seem an Update is due for September this year. The below is from last year. Note that while production, shipping and cash balance are given, no average contract price is provided.
LAST YEAR (2021)
ASX / MEDIA ANNOUNCEMENT Wednesday 6 October 2021
September Quarterly Production and Sales
ANOTHER PRODUCTIVE QUARTER AT PILGANGOORA AS FINAL SHIPMENTS EXCEED
PRIOR GUIDANCE
KEY POINTS
• September quarter production of 85,759 dry metric tonnes (dmt) of spodumene
concentrate (June Quarter: 77,162 dmt).
• Spodumene concentrate shipments of 91,549 dmt (June Quarter: 95,972 dmt),
exceeding prior guidance of 77,000-90,000 dmt.
• Quarter-end cash balance of $137.3M (June Quarter: 115.7M), inclusive of $36.2M
of irrevocable bank letters of credit for shipments completed up to September
30, 2021.
• Pilgan Plant Improvement Project on track, with commissioning now underway.
• POSCO Downstream JV negotiations well progressed.
Australian lithium producer, Pilbara Minerals Limited (ASX: PLS) (“Pilbara Minerals” or “the
Company”), provides an interim update in respect of the September Quarter activities.
Strong production at its 100%-owned Pilgangoora Project in WA’s Pilbara region has
resulted in another solid quarter of shipments, which when combined with improving
product pricing outcomes sees Pilbara Mineral’s cash balance grow to $137.3M.
Pilbara Minerals and POSCO have continued to pursue the DSJV opportunity and are now
well advanced in the progress of detailed documents. The formal documents are expected
to be put to the PLS Board for a final investment decision towards the end of October.
Should the DSJV be approved by the PLS Board, an incorporated joint venture will be
established in South Korea between POSCO and PLS for the development of a jointly
owned lithium hydroxide production plant in Gwangyang, South Korea.
It is anticipated that commissioning of the proposed DSJV facilities would occur from the
June quarter, 2023.
The final terms of the joint venture remain subject to further discussions which are
expected to be largely consistent with that originally announced in the ASX on 27th August
2019.
Further details in respect of production, cost, sales and project developments at
Pilgangoora will be provided within the Pilbara Minerals September quarterly report,
during the latter part of October.
This Update last year did not seem to change the share price by any significant amount, but it may well be different this year. Here's hoping, but we may have to wait for the quarterly report later this month for the market to take notice..
Cantankerous James
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