PLS chart, page-1812

@ panda7

Let´s make numbers to check your claim.
Sounds fair?

Check out the presentation from May 11 2021 slide 15.

PLS mineral resource 223 Mt
ALO mineral resource 46 MT
Total combined: 269 MT

That excludes the possible increase from the drilling of the sterilized boundary area between PLS and former ALO. Resource update announced for Sep 2021 (Ann from 23.06.2021)

Stage 2 Pilgan + Ngungaju = 680tpa spodumene

Ore mined to spodumene roughly 9:1 (check last annual report ore mined 812.000t, concentrate produced 90.000t)

That means PLS needs to mine 9 x 680.000t ~ 6.000.000 t of ore

Life of mine at that production rate = 269Mt / 6 MT = 45 years

So your claim is plain false. And the resource increase from the tenement boundary is going to add a few years extra.

Discl: Very long PLS .... and very happy with it. (Sold roughly 1/3 on the way up between @0,91, @1,16 @1,28 and @1.56. remaining position is free carry)..