Pilbara Minerals (ASX: PLS) - Lithium Play with a Real Project
There is little doubt that lithium is the hottest commodity within the resource sector at the present time. And Pilbara Minerals (ASX: PLS) is our stand-out exposure - having already risen by 228% since our initial coverage during September 2015. The keys to the company's rapid success have been largely fundamental – a high-quality lithium project in a low-risk jurisdiction that's developing quickly, a robust PFS released in March 2016, a $100m capital raising that's just being completed, a DFS scheduled for release during July 2016 and first production scheduled for 2018. Pilgangoora has been confirmed as the world’s second largest lithium deposit - and even more significantly one of the highest-grade deposits globally – with the added advantage of having a significant tantalite component that can help reduce operating costs by providing a valuable by-product credit.
Welcome to Livewire, Australia’s most trusted source of investment insights and analysis.
To continue reading this wire and get unlimited access to Livewire, join for free now and become a more informed and confident investor.
1 stock mentioned
Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).
Please sign in to comment on this wire.