Pilbara Minerals surging on the back of looming tantalum-lithium production
Pilbara Minerals (ASX: PLS) is an emerging production play that we introduced to our Portfolio for the first time last week. The company's share price has risen steadily from less than $0.01 a year ago to a current two-year high around $0.092 in today’s trade. The company has been around for a few years now, but has painstaking progressed exploration, appraisal and pre-production activity with respect to its Western Australian tantalum and lithium resource assets. I attended a lunchtime briefing on Wednesday in Sydney with director Neil Biddle, which was very well attended. Pilbara today advised of further high-grade results from a further 23 RC drill-holes at its Pilgangoora lithium-tantalum, helping confirming the southern resource extensions of the Priority 3 Area. The company’s recent $6.465 million capital raising reinforces confidence in the company’s production ambitions.
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).