Results ofBMX Auction
EQUIVALENTPRICE OF~US$8,575/DMT(SC6.0,CIF CHINA)
Pilbara Minerals Limited (“Pilbara Minerals” or the “Company”: ASX:PLS),is pleased to
announcethe results of itslatestspodumene concentrate auction, held via its digital
Battery Material Exchange (“BMX”) platform, earlier this afternoon.
A cargo of 5,000dmt at a target grade of ~5.5% lithia was presented for sale on the digital
platform, with deliveryexpectedfrommidDecember2022.
Pilbara Minerals intends to accept the highest bid ofUS$7,805/dmt(SC5.5, FOB Port
Hedland basis) which on a pro rata basis for lithia contentandinclusive of freight costs
equates toa price of ~US$8,575/dmt(SC6.0, CIF China basis).
The auction terms now requirethe successful biddertoentera sales contract within24
hours requiring a 10 percentdeposit tobe paid byearly next weekand an irrevocable letter
of credit from a recognised bank to be presentedbylateNovember2022
Should see a big bounce tomorrow.
PLS chart, page-9775
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| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $104.7M | 35.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11874 | $2.98 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 65336 | 3 |
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