PLS 1.03% 96.5¢ pilbara minerals limited

News: PLS Pilbara Minerals Posts Qtrly Production 14,711 DMT Of Spodumene Concentrate

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    Jan 30 (Reuters) - Pilbara Minerals Ltd (PLS) :

    • DEC SHIPMENTS TOTALLED 33,178 DMT OF SPODUMENE CONCENTRATE TO OFFTAKE CUSTOMERS VERSUS SEPTEMBER QUARTER 20,044 DMT
    • QTRLY PRODUCTION OF 14,711 DRY METRIC TONNES OF SPODUMENE CONCENTRATE
    • QUARTERLY TANTALITE CONCENTRATE SALES OF 78,156 LBS
    • MINING ACTIVITY WILL OCCUR DURING MARCH QUARTER 2020, BUT MINING WILL BE MODERATED TO MATCH CUSTOMER DEMAND
    • FORECASTS ITS SALES GUIDANCE FOR MARCH QUARTER 2020 TO BE 35,000 TO 50,000 DMT OF SPODUMENE CONCENTRATE
    • IN MEDIUM-TERM, STRONGER SUPPORT FOR LITHIUM RAW MATERIAL DEMAND GROWTH IS EXPECTED TO OCCUR
    • FINAL INVESTMENT COMMITTEE & BOARD APPROVALS FOR POSCO DOWNSTREAM JV EXPECTED IN Q3 OF 2020 CY
    • RESULTS FROM STUDY ON STAGE 2 EXPANSION EXPECTED DURING MARCH QUARTER, FINAL INVESTMENT DECISION TO FOLLOW
 
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