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Pilbara Minerals Limited (PLS) Report Analysis

Corporate Events

Neutral

Pilbara Minerals Limited Achieves New Price for...

2022-06-22 23:36:00

Pilbara Minerals Limited announced that it has achieved a new price for a spodumene concentrate cargo after accepting a pre-auction bid ahead ...

Neutral

Macquarie Group Limited, Critical Minerals Foru...

2022-06-17 09:35:00

Macquarie Group Limited, Critical Minerals Forum, Jun 27, 2022 through Jun 28, 2022. Venue: Macquarie Perth Office, Perth, Australia.

Neutral

Pilbara Minerals Limited Presents at Critical M...

2022-06-17 09:35:00

Pilbara Minerals Limited Presents at Critical Minerals Forum, Jun-27-2022 . Venue: Macquarie Perth Office, Perth, Australia.

Neutral

Pilbara Minerals Limited Presents at RRS 2022 G...

2022-06-07 01:17:00

Pilbara Minerals Limited Presents at RRS 2022 Gold Coast Conference, Jun-08-2022 04:00 PM. Speakers: Dale Robert Henderson, Chief Operating Officer.

Neutral

Resources Rising Stars, RRS 2022 Gold Coast Con...

2022-06-07 00:33:00

Resources Rising Stars, RRS 2022 Gold Coast Conference, Jun 07, 2022 through Jun 08, 2022.

Negative

Pilbara Minerals Limited Announces Executive Changes

2022-06-01 07:56:00

Pilbara Minerals Limited announced the appointment of highly experienced mining and resource sector executive Dale Henderson as the Company's ...

Negative

Pilbara Minerals Limited Announces Management Changes

2022-06-01 07:56:00

Pilbara Minerals Limited announced the appointment of highly experienced mining and resource sector executive Dale Henderson as the Company's ...

Positive

Pilbara Minerals Limited and Calix Limited Anno...

2022-06-01 04:38:00

Pilbara Minerals Limited and Calix Limited to announce they have reached agreement on key commercial terms for the formation of a Joint Ventur...

Neutral

Pilbara Minerals Limited Presents at Fastmarket...

2022-05-25 07:37:00

Pilbara Minerals Limited Presents at Fastmarkets Lithium Supply & Battery Raw Materials, Jun-27-2022 09:35 AM. Venue: Phoenix, Arizona, United...

Neutral

FastMarkets Ltd., Fastmarkets Lithium Supply & ...

2022-05-24 00:00:00

FastMarkets Ltd., Fastmarkets Lithium Supply & Battery Raw Materials, Jun 27, 2022 through Jun 29, 2022. Venue: Phoenix, Arizona, United States.

Negative

Pilbara Minerals and Calix Announces $20 Millio...

2022-05-16 23:21:00

Pilbara Minerals and Calix announced the award of a $20 million grant under the Australian Government's Modern Manufacturing Initiative (MMI) ...

Neutral

Pilbara Minerals Limited Reaffirms Production G...

2022-04-12 02:15:00

Pilbara Minerals Limited reaffirmed production guidance for the fiscal year 2022. Fiscal year 2022 annualised production guidance has been mai...

Positive

Pilbara Minerals Provides an Update on Downstre...

2022-04-10 23:10:00

Pilbara Minerals Limited announced that the key conditions precedent and other completion criteria for the formation of the JV between POSCO a...

Neutral

Pilbara Minerals Limited, Q3 2022 Earnings Call...

2022-04-06 05:40:00

Pilbara Minerals Limited, Q3 2022 Earnings Call, Apr 28, 2022

Neutral

Pilbara Minerals Limited to Report Q3, 2022 Res...

2022-04-06 05:40:00

Pilbara Minerals Limited announced that they will report Q3, 2022 results on Apr 28, 2022

Positive

Pilbara Minerals Limited Advises Its Mid-Stream...

2022-03-30 22:52:00

Pilbara Minerals Limited advised that its mid-stream value-added lithium growth strategy has taken another important step forward, with the co...

Neutral

Pilbara Minerals Limited Provides Production Gu...

2022-01-30 23:13:00

Pilbara Minerals Limited provided production guidance for the fiscal year 2022. For the period, the company's annual concentrate production gu...

Neutral

Pilbara Minerals Limited to Report Q2, 2022 Res...

2022-01-24 05:55:00

Pilbara Minerals Limited announced that they will report Q2, 2022 results on Jan 31, 2022

Neutral

Pilbara Minerals Limited, Q2 2022 Earnings Call...

2022-01-24 05:55:00

Pilbara Minerals Limited, Q2 2022 Earnings Call, Jan 31, 2022

Positive

Pilbara Minerals Limited and Calix Limited Repo...

2021-12-20 23:51:00

Pilbara Minerals Limited and Calix Limited further reported on initiatives to develop value-added lithium products at Pilbara Minerals' 100% o...

Positive

Pilbara Minerals Limited Provides Update on Ong...

2021-12-20 23:36:00

Pilbara Minerals Limited provided the following update on ongoing work programs to increase spodumene production at its 100%-owned Pilgangoora...

Positive

Pilbara Minerals Limited(ASX:PLS) added to S&P/...

2021-11-30 00:00:00

Pilbara Minerals Limited(ASX:PLS) added to S&P/ASX 100 Index

Negative

Pilbara Minerals Limited(ASX:PLS) dropped from ...

2021-11-24 00:00:00

Pilbara Minerals Limited(ASX:PLS) dropped from S&P/ASX Small Ordinaries Index

Positive

Pilbara Minerals Limited Reaches Agreement with...

2021-11-22 22:27:00

Pilbara Minerals Limited announced that it has reached agreement with its existing lenders to increase its senior debt facilities to support t...

Positive

Pilbara Minerals Limited Executes Shareholders ...

2021-10-25 23:23:00

Pilbara Minerals Limited announced that it has executed a Shareholders Agreement with POSCO for the formation of an incorporated joint venture...

Neutral

Pilbara Minerals Limited to Report Q1, 2022 Res...

2021-10-22 00:00:00

Pilbara Minerals Limited announced that they will report Q1, 2022 results on Oct 28, 2021

Neutral

Pilbara Minerals Limited, Q1 2022 Earnings Call...

2021-10-22 00:00:00

Pilbara Minerals Limited, Q1 2022 Earnings Call, Oct 28, 2021

Neutral

Pilbara Minerals Limited - Shareholder/Analyst Call

2021-10-15 01:29:00

AGM

Positive

Pilbara Minerals Limited Announces Ramp-Up of P...

2021-10-13 02:05:00

Pilbara Minerals Limited announced the commencement of concentrate production from the newly installed filter press at the Pilgan Plant as par...

Positive

Pilbara Minerals Limited Announces First Concen...

2021-10-13 00:52:00

Pilbara Minerals Limited advised that it has successfully produced the first spodumene concentrate from the coarse circuit at the recently res...

Neutral

Pilbara Minerals Limited Presents at "BOOM IN A...

2021-10-11 23:55:00

Pilbara Minerals Limited Presents at "BOOM IN A ROOM" INVESTOR CONFERENCE, Oct-15-2021 03:30 PM. Venue: RAC Arena, Perth, Western Australia, A...

Neutral

Resources Rising Stars, "BOOM in A ROOM" INVEST...

2021-10-11 21:20:00

Resources Rising Stars, "BOOM IN A ROOM" INVESTOR CONFERENCE, Oct 14, 2021 through Oct 15, 2021. Venue: RAC Arena, Perth, Western Australia, A...

Neutral

Pilbara Minerals Limited Presents at 13th Annua...

2021-10-09 01:00:00

Pilbara Minerals Limited Presents at 13th Annual Australia & New Zealand Investment Conference 2021, Oct-13-2021 .

Positive

Pilbara Minerals Limited Announces Commencement...

2021-10-06 22:47:00

Pilbara Minerals Limited announced the commencement of commissioning activities at the Ngungaju Plant, part of its 100%-owned Pilgangoora Proj...

Positive

Pilbara Minerals Limited Announces Significant ...

2021-10-05 22:38:00

Pilbara Minerals Limited announced a significant increase in the Ore Reserve at its 100%-owned Pilgangoora Lithium-Tantalum Project in WA's Pi...

Neutral

Pilbara Minerals Limited Approves the Adoption ...

2021-09-29 22:04:00

Pilbara Minerals Limited at its General Meeting held on 29 September 2021 approved the adoption of new constitution .

Neutral

Pilbara Minerals Limited, Annual General Meetin...

2021-09-24 01:39:00

Pilbara Minerals Limited, Annual General Meeting, Nov 16, 2021, at 14:00 W. Australia Standard Time. Location: The University Club of Western ...

Negative

Pilbara Minerals Limited Appoints Miriam Stanbo...

2021-09-16 05:16:00

Pilbara Minerals Limited announced the appointment of Miriam Stanborough, to its Board as a non-executive Director, effective 2 October, 2021....

Neutral

MACA Limited Announces Contract Extension with ...

2021-09-15 22:26:00

MACA Limited announced the extension of its mining services contract with Pilbara Minerals for a further 12 months at the Pilgangoora Lithium ...

Positive

Pilbara Minerals Limited Announces Further Subs...

2021-09-06 00:49:00

Pilbara Minerals Limited announced a further substantial increase in the Mineral Resource at its flagship 100%-owned Pilgangoora Lithium-Tanta...

Neutral

Pilbara Minerals Limited Proposes Adoption of t...

2021-08-26 05:09:00

Pilbara Minerals Limited proposed adoption of the new constitution to the company to be considered at the annual general meeting to be held on...

Neutral

Pilbara Minerals Limited, Special/Extraordinary...

2021-08-26 05:09:00

Pilbara Minerals Limited, Special/Extraordinary Shareholders Meeting, Sep 29, 2021, at 14:00 W. Australia Standard Time. Location: Karingal Ro...

Neutral

Pilbara Minerals Limited - Shareholder/Analyst Call

2021-08-26 05:09:00

General Meeting of Shareholders

Neutral

Citigroup Inc., 13th Annual Australia & New Zea...

2021-08-24 16:47:00

Citigroup Inc., 13th Annual Australia & New Zealand Investment Conference 2021, Oct 13, 2021 through Oct 14, 2021. The Citi Australia & New Ze...

Neutral

Pilbara Minerals Limited to Report Q4, 2021 Res...

2021-07-21 06:15:00

Pilbara Minerals Limited announced that they will report Q4, 2021 results on Jul 29, 2021

Neutral

Pilbara Minerals Limited, Q4 2021 Earnings Call...

2021-07-21 06:15:00

Pilbara Minerals Limited, Q4 2021 Earnings Call, Jul 29, 2021

Neutral

Pilbara Minerals Limited Presents at Diggers an...

2021-06-30 19:09:00

Pilbara Minerals Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 11:35 AM. Venue: Goldfields Arts Centre, Cheetham Street, K...

Neutral

Pilbara Minerals Limited Achieves New Price for Spodumene Concentrate Cargo

2022-06-22 23:36:00

Pilbara Minerals Limited announced that it has achieved a new price for a spodumene concentrate cargo after accepting a pre-auction bid ahead of its sixth scheduled digital auction on the Battery Material Exchange. A shipment of 5,000dmt on a 5.5% lithia basis was made available for sale to a select group of registered BMX participants prior to the proposed BMX auction date of 23 June. The Company is pleased with the strong responses received from participants and has accepted a pre-auction offer of USD 6,350/dmt (SC5.5, FOB Port Hedland basis) with a 10% deposit having already been received. This offer of $6,350/dmt equates to an approximate price of $7,017/dmt on a SC6.0 CIF China basis after adjusting for lithia content on a pro rata basis and freight costs. Shipment is expected from late July. The buyer has entered into a sales contract with the Company requiring an acceptable irrevocable letter of credit to be presented during the first week of July 2022. The Company expects to hold its next BMX auction in the second week of July 2022.

Neutral

Macquarie Group Limited, Critical Minerals Forum, Jun 27, 2022 through Jun 28, 2022

2022-06-17 09:35:00

Macquarie Group Limited, Critical Minerals Forum, Jun 27, 2022 through Jun 28, 2022. Venue: Macquarie Perth Office, Perth, Australia.

Neutral

Pilbara Minerals Limited Presents at Critical Minerals Forum, Jun-27-2022

2022-06-17 09:35:00

Pilbara Minerals Limited Presents at Critical Minerals Forum, Jun-27-2022 . Venue: Macquarie Perth Office, Perth, Australia.

Neutral

Pilbara Minerals Limited Presents at RRS 2022 Gold Coast Conference, Jun-08-2022 04:00 PM

2022-06-07 01:17:00

Pilbara Minerals Limited Presents at RRS 2022 Gold Coast Conference, Jun-08-2022 04:00 PM. Speakers: Dale Robert Henderson, Chief Operating Officer.

Neutral

Resources Rising Stars, RRS 2022 Gold Coast Conference, Jun 07, 2022 through Jun 08, 2022

2022-06-07 00:33:00

Resources Rising Stars, RRS 2022 Gold Coast Conference, Jun 07, 2022 through Jun 08, 2022.

Negative

Pilbara Minerals Limited Announces Executive Changes

2022-06-01 07:56:00

Pilbara Minerals Limited announced the appointment of highly experienced mining and resource sector executive Dale Henderson as the Company's new CEO. The appointment of Mr. Henderson, who has held the role of Chief Operating Officer (COO) at Pilbara Minerals since 2017, follows a wide-ranging and thorough executive search process initiated in February after Pilbara Minerals' long-serving Managing Director and CEO Ken Brinsden advised his intention to step down from the role. Mr. Henderson was selected from a field of outstanding candidates because of his strong lithium industry experience, outstanding leadership skills, strong cultural values and work ethic, and his clear understanding of the future of the lithium raw materials industry and Pilbara Minerals' vision to become a major long-term player in the rapidly growing lithium industry supply chain. During his tenure as COO, Mr. Henderson has also forged strong relationships with Pilbara Minerals' key stakeholders, including the Traditional Owners at Pilgangoora, the Company's customers, project partners and key investors and he has played a significant role in helping to develop and implement Pilbara Minerals' ESG and sustainability framework. Mr. Brinsden will formally step down as Managing Director on 30 July 2022, however he will work closely with Mr. Henderson over the next two months to ensure a smooth and effective transition. During his career, Mr. Henderson has worked in senior roles for companies including Fortescue Metals Group (FMG), Chevron and Occidental Petroleum. Prior to joining Pilbara Minerals in 2017, he held senior leadership roles with FMG in mine operations and project development. Since joining Pilbara Minerals in 2017, Mr. Henderson has worked closely with Mr. Brinsden, initially to implement the production moderation and cost-cutting strategy that was devised in response to the severe downturn seen in lithium raw materials prices in 2017-2019. He also played a key role in overseeing operational improvements at the Pilgangoora Project following initial commissioning and ramp-up challenges, helping to drive the acquisition strategy for the adjoining Ngungaju Plant, and establishing the foundations for the long-term growth profile for the Pilgangoora Operation. More recently, Mr. Henderson has led the technical and operational teams that have implemented Pilbara Minerals' rapid production growth programs, allowing the Company to take advantage of the current strong lithium market conditions and record pricing and paving the way for longer-term growth initiatives at Pilgangoora such as the P680 and P1000 expansion projects. With Mr. Henderson assuming the role of Managing Director & CEO, the Company will now review its arrangements in respect of leadership for operations including in respect of the role of Chief Operating Officer.

Negative

Pilbara Minerals Limited Announces Management Changes

2022-06-01 07:56:00

Pilbara Minerals Limited announced the appointment of highly experienced mining and resource sector executive Dale Henderson as the Company's new Managing Director. The appointment of Mr. Henderson, who has held the role of Chief Operating Officer (COO) at Pilbara Minerals since 2017, follows a wide-ranging and thorough executive search process initiated in February after Pilbara Minerals' long-serving Managing Director and CEO Ken Brinsden advised his intention to step down from the role. Mr. Henderson was selected from a field of outstanding candidates because of his strong lithium industry experience, outstanding leadership skills, strong cultural values and work ethic, and his clear understanding of the future of the lithium raw materials industry and Pilbara Minerals' vision to become a major long-term player in the rapidly growing lithium industry supply chain. During his tenure as COO, Mr. Henderson has also forged strong relationships with Pilbara Minerals' key stakeholders, including the Traditional Owners at Pilgangoora, the Company's customers, project partners and key investors and he has played a significant role in helping to develop and implement Pilbara Minerals' ESG and sustainability framework. Mr. Brinsden will formally step down as Managing Director on 30 July 2022, however he will work closely with Mr. Henderson over the next two months to ensure a smooth and effective transition. During his career, Mr. Henderson has worked in senior roles for companies including Fortescue Metals Group (FMG), Chevron and Occidental Petroleum. Prior to joining Pilbara Minerals in 2017, he held senior leadership roles with FMG in mine operations and project development. Since joining Pilbara Minerals in 2017, Mr. Henderson has worked closely with Mr. Brinsden, initially to implement the production moderation and cost-cutting strategy that was devised in response to the severe downturn seen in lithium raw materials prices in 2017-2019. He also played a key role in overseeing operational improvements at the Pilgangoora Project following initial commissioning and ramp-up challenges, helping to drive the acquisition strategy for the adjoining Ngungaju Plant, and establishing the foundations for the long-term growth profile for the Pilgangoora Operation. More recently, Mr. Henderson has led the technical and operational teams that have implemented Pilbara Minerals' rapid production growth programs, allowing the Company to take advantage of the current strong lithium market conditions and record pricing and paving the way for longer-term growth initiatives at Pilgangoora such as the P680 and P1000 expansion projects.

Positive

Pilbara Minerals Limited and Calix Limited Announces That They Have Reached Agreement on Key Commercial Terms for the Formation of A Joint Venture

2022-06-01 04:38:00

Pilbara Minerals Limited and Calix Limited to announce they have reached agreement on key commercial terms for the formation of a Joint Venture between the parties for the future development of a Demonstration Plant, as well as for the potential future commercialisation of the (Mid Stream Project) process. Proposed Commercial Terms for Joint Venture Pilbara Minerals and Calix have entered into an amended and binding Memorandum ofUnderstanding (MoU), initially executed in May 2021. The amendments to the MoU record the Parties' binding agreement for the following: the progression of Front End Engineering Design (FEED Studies) beyond the completed Scoping Study, supporting a final investment decision for the Demonstration Plant, which is targeted for early 2023; the generation of market samples from a pilot test work programme (Pilot Testwork Programme) for the execution of a market engagement program to help inform the marketability and selling price outcomes of the targeted "value added" lithium salt product to be produced; and for the Parties to negotiate in good faith on an exclusive and binding basis a formal Joint Venture Agreement for the funding and development of the Demonstration Plant and a potential future commercialisation pathway on terms materially consistent with the commercial terms agreed in the MoU and otherwise reasonable and customary for joint ventures of this kind. The JV will be established upon the parties finalising and entering into a Formal Joint Venture Agreement which is expected to occur in Third Quarter 2022.Next steps: Parties intend to finalise and execute the formal Joint Venture Agreement in Third Quarter 2022; Market Samples - a continuous Pilot Testwork Programme to produce lithium phosphate samples for a detailed market engagement program will be undertaken to help inform the project of the likely marketability and selling price outcomes of the lithium phosphate salt product being produced; FEED Studies - progression of FEED Studies will be carried out to support a final investment decision to move forward with developing the Demonstration Plant and following it successful validation for the commercialisation of the technology across industry globally; and MMI grant execution - the Parties will liaise with the Australian Government to finalise the execution of the MMI grant funding.

Neutral

Pilbara Minerals Limited Presents at Fastmarkets Lithium Supply & Battery Raw Materials, Jun-27-2022 09:35 AM

2022-05-25 07:37:00

Pilbara Minerals Limited Presents at Fastmarkets Lithium Supply & Battery Raw Materials, Jun-27-2022 09:35 AM. Venue: Phoenix, Arizona, United States. Speakers: Ken Brinsden, CEO.

Neutral

FastMarkets Ltd., Fastmarkets Lithium Supply & Battery Raw Materials, Jun 27, 2022 through Jun 29, 2022

2022-05-24 00:00:00

FastMarkets Ltd., Fastmarkets Lithium Supply & Battery Raw Materials, Jun 27, 2022 through Jun 29, 2022. Venue: Phoenix, Arizona, United States.

Negative

Pilbara Minerals and Calix Announces $20 Million Australian Government Modern Manufacturing Initiative Grant Awarded

2022-05-16 23:21:00

Pilbara Minerals and Calix announced the award of a $20 million grant under the Australian Government's Modern Manufacturing Initiative (MMI) - Manufacturing Translation Stream, towards the development of the Mid-Stream Project at the Pilgangoora Project. The MMI grant represents a significant step forward in the progression of the Mid-Stream Project, which will be used as part of a proposed Joint Venture to be entered between the Parties to support the design, procurement, construction, and commissioning of the Mid-Stream Project Demonstration Plant (Demonstration Plant). Following execution of a Memorandum of Understanding (MoU) in May 2021 between Pilbara Minerals and Calix, a scoping study (Scoping Study) has recently been completed by Lycopodium Minerals in conjunction with the Pilbara Minerals and Calix teams. The purpose of the Scoping Study was to assess the technical viability of developing a demonstration scale chemicals facility at the Pilgangoora Project to produce lithium salts from fines flotation spodumene concentrate produced at the Pilgangoora Project, thereby supporting a potential pathway towards future commercial production of "value-added" lithium products at the Pilgangoora Project and globally. The lithium-ion battery supply market is rapidly evolving with large scale development occurring through all segments of the supply chain. Several prominent themes are shaping the industry including product cost (per lithia unit), product quality (purity), carbon energy reduction and waste management (particularly for the European market). The objective of the Mid-Stream Project is to deliver a superior "value-added" lithium raw material that outperforms across the key metrics of product cost, quality, carbon energy reduction and waste reduction/handling. Works undertaken to date have explored alternative solutions to achieve these aims, including reviewing and testing alternate process paths, equipment selection and end-product types. The Scoping Study supported the technical viability of the Mid-Stream Project at a Scoping Study level to deploy an innovative calcination technology owned by Calix which is proposed to be integrated into a chemical concentration process at the Pilgangoora Project to produce a new end product, with the current focus being a lithium phosphate salt as a key "value-added" product for global distribution.

Neutral

Pilbara Minerals Limited Reaffirms Production Guidance for the Fiscal Year 2022

2022-04-12 02:15:00

Pilbara Minerals Limited reaffirmed production guidance for the fiscal year 2022. Fiscal year 2022 annualised production guidance has been maintained in the range of 340,000 dry metric tonnes - 380,000 dry metric tonnes, albeit noting that any continuing COVID-19 impacts may result in production being in the lower half of the guidance range.

Positive

Pilbara Minerals Provides an Update on Downstream Joint Venture with POSCO

2022-04-10 23:10:00

Pilbara Minerals Limited announced that the key conditions precedent and other completion criteria for the formation of the JV between POSCO and Pilbara Minerals are now satisfied. The formation of the JV and completion of Pilbara Mineral's initial 18% equity subscription in the JV Company (with an option to go to 30%) was conditional on satisfaction of certain conditions precedent. These included the provision of a detailed construction and ramp up budget (Construction and Ramp Up Budget) acceptable to the Company for the construction and 18-month ramp-up of the Conversion Facility, as well as Pilbara Minerals filing necessary regulatory approvals with the Korea Trade Investment Promotion Agency (KOTRA) for approval of its initial 18% investment in the JV Company. The formation of the JV and completion of Pilbara Mineral's initial 18% equity subscription in the JV Company (with an option to go to 30%) was conditional on satisfaction of certain conditions precedent. These included the provision of a detailed construction and ramp up budget (Construction and Ramp Up Budget) acceptable to the Company for the construction and 18-month ramp-up of the Conversion Facility, as well as Pilbara Minerals filing necessary regulatory approvals with the Korea Trade Investment Promotion Agency (KOTRA) for approval of its initial 18% investment in the JV Company. Since entering into the Shareholders Agreement in October 2021, additional engineering and design work undertaken by POSCO has contributed to the detailed budget for the construction and 18-month ramp-up of the Conversion Facility. The Construction and Ramp Up Budget has now been provided to the Company by POSCO to satisfy this condition precedent to the formation of the JV. As previously announced, the JV Company will be funded from a combination of equity from both POSCO (initial 82% equity interest) and Pilbara Minerals (initial 18% equity interest), as well as debt funding. Non-recourse external debt is expected to be secured by POSCO and the JV Company from Korean commercial banks following the establishment of the JV.

Neutral

Pilbara Minerals Limited, Q3 2022 Earnings Call, Apr 28, 2022

2022-04-06 05:40:00

Pilbara Minerals Limited, Q3 2022 Earnings Call, Apr 28, 2022

Neutral

Pilbara Minerals Limited to Report Q3, 2022 Results on Apr 28, 2022

2022-04-06 05:40:00

Pilbara Minerals Limited announced that they will report Q3, 2022 results on Apr 28, 2022

Positive

Pilbara Minerals Limited Advises Its Mid-Stream Value-Added Lithium Growth Strategy

2022-03-30 22:52:00

Pilbara Minerals Limited advised that its mid-stream value-added lithium growth strategy has taken another important step forward, with the completion of a Scoping Study in conjunction with Calix Limited. The Scoping Study, which was undertaken by Lycopodium Minerals, provides preliminary support for the technical viability of constructing a demonstration-scale chemicals facility producing value-added lithium phosphate salts via an innovative refining process at Pilbara Minerals' Pilgangoora Operation ("Pilgangoora") in Western Australia. The Scoping Study is the first economic evaluation of the Mid-Stream Project which has been prepared to an accuracy level of +/-40% (for Capital costs) and +/-30% (for Operatingcosts). It represents a preliminary study of the potential technical and economic viability of the proposed process path and demonstration scale facility development. Any decision to proceed will be the subject of more definitive studies, as part of a proposed joint venture with Calix. Studies to date are based on a low level of technical and economic assessments that are not yet sufficient to support a business case to proceed with the construction anddevelopment of the demonstration plant, or to provide certainty that the conclusions of the study will be realised. Further, more definitive studies, including on operating costs and whether there is a viable market for lithium phosphate will be required as part of the proposed joint venture with Calix, before any final investment decision can be made to proceed with the development of the demonstration plant. Following execution of a Memorandum of Understanding (MoU) in May 2021 between Pilbara Minerals and Calix, a Scoping Study has been completed by Lycopodium Minerals in conjunction with the Pilbara Minerals and Calix teams. The study's purpose was to assess the technical viability of developing a demonstration scale chemicals facility at Pilgangoora to produce lithium salts from fines- flotation spodumene concentrate produced at Pilgangoora. Thereby supporting a potential pathway towards future commercial production of value-added lithium products. The lithium-ion battery supply market is rapidly evolving with large scale development occurring through all segments of the supply chain. Several prominent themes are shaping the industry including product cost (per lithia unit), product quality (purity), carbon energy reduction and waste management (particularly for the European market). The objective of the Mid-Stream Project is to deliver a superior value-added lithium raw material that outperforms across the key metrics of product cost, quality, carbon energy reduction and waste reduction/handling. The project work completed to date has consisted of work to explore alternative solutions to achieve these aims, including reviewing and testing alternate process paths, equipment selection and end-product types. The Scoping Study undertaken by Lycopodium Minerals has confirmed the technical viability of the Mid-Stream project to deploy a novel calcination technology and integrated chemical concentration process at the Pilgangoora Operation to produce a new end- product, with the preferred product at this stage of study being lithium phosphate salt. The Scoping Study has confirmed the technical capability of Pilbara Minerals' innovative flowsheet, which is capable of producing lithium phosphate salt from fines flotation spodumene concentrate from the Pilgangoora Operation. Initial test-work programmes to confirm the flowsheet were undertaken using a produced synthetic lithium sulphate leach solution to produce small quantities of lithium phosphate precipitate. Subsequent test-work phases further developed the flowsheet to produce high purity lithium phosphate precipitates from Calix-calcined Pilbara Minerals fine flotation spodumene concentrate.Following laboratory scale test-work, lithium phosphate salts has been selected as the preferred product, having demonstrated superior performance to those other alternatives evaluated to date; however, the Mid-Stream flowsheet is able to incorporate the production of other lithium-bearing salts, with minor modification to process flow (however additional equipment would likely be required). This will continue to be evaluated in future study works.Flowsheet test-work to-date (comprising pilot-scale calcination and laboratory-scale chemical processing) has demonstrated >90% overall lithium recovery to a final high purity lithium phosphate salt product.

Neutral

Pilbara Minerals Limited Provides Production Guidance for the Year 2022

2022-01-30 23:13:00

Pilbara Minerals Limited provided production guidance for the fiscal year 2022. For the period, the company's annual concentrate production guidance was revised in December to 400-450,000 dmt. FY22 shipped tonnes guidance was also revised to 380-440,000 dmt for the period (previously 440-490,000 dmt).

Neutral

Pilbara Minerals Limited to Report Q2, 2022 Results on Jan 31, 2022

2022-01-24 05:55:00

Pilbara Minerals Limited announced that they will report Q2, 2022 results on Jan 31, 2022

Neutral

Pilbara Minerals Limited, Q2 2022 Earnings Call, Jan 31, 2022

2022-01-24 05:55:00

Pilbara Minerals Limited, Q2 2022 Earnings Call, Jan 31, 2022

Positive

Pilbara Minerals Limited and Calix Limited Reports on Initiatives to Develop Value-Added Lithium Products At Pilbara Minerals' 100% Owned Pilgangoora Project

2021-12-20 23:51:00

Pilbara Minerals Limited and Calix Limited further reported on initiatives to develop value-added lithium products at Pilbara Minerals' 100% owned Pilgangoora Project. Following execution of a Memorandum of Understanding (MOU) in May 2021 between Pilbara Minerals and Calix, a Scoping Study for a Mid-Stream Product Demonstration Plant ("Scoping Study") commenced, which is nearing completion. The Scoping Study aims to support the development of a Demonstration Plant at the Pilgangoora Project ("Pilgangoora") to produce lithium salts from fines-flotation spodumene concentrate, supporting a pathway towards potential future commercial production of value-added lithium products at Pilgangoora. The Scoping Study (undertaken by Lycopodium Minerals in conjunction with the Pilbara Minerals and Calix teams) is assessing the potential development of a new refining process to produce high purity lithium phosphate precipitate from Calix-calcined fines spodumene concentrate supplied from the Pilgangoora Project. This concentrated lithium salt from the Pilgangoora Project ("Mid-Stream Product"), could support downstream lithium raw material and cathodes demand. Technical work contributing to the Scoping Study (including testwork, process design and engineering) is now complete. Completion of the commercial and economic evaluation contributing to the Scoping Study is expected early in the New Year, following which a final review of the results will be undertaken by the boards of Pilbara Minerals and Calix with results released shortly thereafter. Subject to the results being commercially and technically satisfactory to both Pilbara Minerals and Calix, in accordance with the MOU the parties will then progress negotiations for the formation of a joint venture and agree a work program to develop a Demonstration Plant at the Pilgangoora Project and ultimately seek to commercialise the Mid-Stream Product's process technology in respect of lithium phosphate applications on a worldwide basis. The lithium-ion supply chain is rapidly evolving with large scale development occurring through all segments of the supply chain. Several prominent forces are shaping the industry including product cost (per lithia unit), product quality (purity), carbon energy reduction and waste management (particularly for the European market). Pilbara Minerals Mid-Stream Project objective is to deliver a superior value-added lithia product that exceeds across these metrics of product cost, quality, carbon energy reduction and waste reduction/handling. The project work to date has comprised exploring alternate solutions to achieve these aims, including reviewing and testing alternate process paths, equipment selection and end- product types. The project has now been narrowed down to a preferred process route and end-product. The process route under investigation is unique in the use of both the calcination processing technology and chemical concentration process. Although the project is in its early development phase, the test work and engineering to date which has contributed to the initial Scoping Study provides strong indications that the new mid-stream product (and process path) can be expected to deliver on the desired metrics of an improved value-added lithia product. In particular through a reduction in carbon energy intensity, reduction in shipped volumes (through higher concentration product) and providing a more easily handled product. The metrics of product production cost and quality will however need to be further assessed as the project moves through the subsequent phases of study and further development. Australian spodumene is a raw material feed to a high-value chemical industry that is largely conducted outside of Australia. Producing a high lithium-content intermediate salt product on site at Pilgangoora, will result in a portion of the value traditionally retained by downstream spodumene converters outside of Australia being retained in-country. The value-added Mid-Stream product is also expected to be able to access diverse markets worldwide. Pilbara Minerals together with Lycopodium Minerals embarked on a testwork programme to develop a flowsheet to produce a lithium phosphate salt. The testwork programme was initiated by using a produced synthetic lithium sulphate leach solution to produce small quantities of lithium phosphate precipitate. Subsequent testwork phases further developed the flowsheet to produce high purity lithium phosphate precipitates from Calix-calcined Pilgangoora spodumene concentrate. Following laboratory scale testwork, lithium phosphate has been selected as the preferred product, having demonstrated superior performance to other alternatives evaluated to date. Other forms of lithium salts will continue to be considered for potential process optimization in future study works. Flowsheet test work to-date has demonstrated >90% overall lithium recovery to final high purity lithium phosphate product. Pilbara Minerals' mid-stream project development is expected to be progressed utilizing unallocated spodumene concentrate production capacity available from the Pilgangoora Project over time, without disrupting existing customer offtake arrangements, including the POSCO and Pilbara Minerals downstream joint venture.

Positive

Pilbara Minerals Limited Provides Update on Ongoing Work Programs to Increase Spodumene Production At Its 100%-Owned Pilgangoora Project in Western Australia

2021-12-20 23:36:00

Pilbara Minerals Limited provided the following update on ongoing work programs to increase spodumene production at its 100%-owned Pilgangoora Project in Western Australia. Staged restart of production from the Ngungaju Plant progressing: Coarse concentrate production improving, with the circuit continuing to be optimised through the re-commissioning phase; Commencement of fines flotation circuit targeted for latter part of the March Quarter of 2022; and Total annualised spodumene production capacity from Ngungaju of approximately 180,000 to 200,000 dry metric tonnes (dmt) expected from July 2022. Pilgan Plant Improvements Project: Ramp-up of plant improvements project continuing, with annual spodumene production capacity targeting an increase of 10-15% to 360-380,000 dmt from March Quarter 2022. December Quarter and FY22 annual concentrate production and shipping guidance revised due to delays with commissioning, ramp-up initiatives and extended plant shutdowns (both planned and un-planned) at both the processing plants: The delays are complicated by the industry-wide shortage of skilled personnel in construction, production and maintenance roles currently being experienced across the WA resource sector. December Quarter production now revised to 85-95kt of spodumene concentrate (previously 90-115kt), FY22 annual concentrate production to 400-450kt (previously 460-510kt) and FY22 shipped tonnes to 380-440kt (previously 440-490kt). Lithium market conditions remain very strong, with high demand and constrained supply leading to record product pricing, which is still trending higher. Average price received in the December Quarter expected to be at the high end of prior guidance (being $1,650-$1,800/dmt CIF China SC6.0 basis). Construction of the Pilgan Plant Improvements Project was completed in early October 2021, with commissioning and ramp-up of the new facilities commencing shortly thereafter. The Pilgan Plant Improvements Project is expected to debottleneck the facility to realise additional production capacity from the asset, in particular from the fines flotation circuit. A total of AUD 22 million was invested in this project, which was completed both on-time and on-budget. Following completion of the ramp-up of the project (expected early 2022), the Pilgan Plant's annualised spodumene concentrate production capacity is targeted to increase from approximately 330,000 dmt to 360-380,000 dmt. Pilbara Minerals continues to undertake engineering and design works which will support further phased increases in the production capacity of the Pilgan Plant to in excess of 1Mtpa for the combined Pilgangoora Project.

Positive

Pilbara Minerals Limited(ASX:PLS) added to S&P/ASX 100 Index

2021-11-30 00:00:00

Pilbara Minerals Limited(ASX:PLS) added to S&P/ASX 100 Index

Negative

Pilbara Minerals Limited(ASX:PLS) dropped from S&P/ASX Small Ordinaries Index

2021-11-24 00:00:00

Pilbara Minerals Limited(ASX:PLS) dropped from S&P/ASX Small Ordinaries Index

Positive

Pilbara Minerals Limited Reaches Agreement with its Existing Lenders to Increase Its Senior Debt Facilities to Support the Planned Expansion in Production from its Pilgangoora Project in Western Australia

2021-11-22 22:27:00

Pilbara Minerals Limited announced that it has reached agreement with its existing lenders to increase its senior debt facilities to support the planned expansion in production from its Pilgangoora Project in Western Australia. The existing syndicated lenders, comprising BNP Paribas, the Clean Energy Finance Corporation (CEFC), Société Générale and the Industrial and Commercial Bank of China (ICBC) (collectively, the Existing Financiers), have agreed to increase the total debt facility limits by USD 30 million to USD 155 million. This increase in the debt facilities comprises an increase of USD 20 million in the senior secured term loan facility (Finance Facility) from USD 110 million to USD 130 million, together with a USD 10 million increase in the undrawn Working Capital Facility with BNP Paribas to USD 25 million. The proceeds from the additional Finance Facility will primarily be used to fund the previously announced staged restart of the Ngungaju Plant (including reimbursement of amounts already spent by the Company). The USD 25 million Working Capital Facility is immediately available, but currently remains undrawn. Wet commissioning at the Ngungaju Plant (and first ore produced from the coarse production circuit) commenced on 7 October 2021, representing the first step of a staged recommissioning of the Ngungaju Operation. First concentrate production from the Ngungaju Processing Plant was delivered on 13 October 2021. The fines spodumene processing circuit is expected to commence production during the March Quarter 2022. The terms and conditions of the expanded Finance Facility, including tenor, repayment schedule, financial covenants and pricing, remain substantially the same as those executed for the original existing debt facility in July 2020. The debt facilities underlying security has been expanded to include the assets associated with the Ngungaju Operation. The term of the Working Capital Facility has been extended to November 2023, while the maturity of the Finance Facility remains unchanged at 30 June 2025.

Positive

Pilbara Minerals Limited Executes Shareholders Agreement with POSCO

2021-10-25 23:23:00

Pilbara Minerals Limited announced that it has executed a Shareholders Agreement with POSCO for the formation of an incorporated joint venture to develop and operate a 43ktpa lithium hydroxide monohydrate (LHM) Conversion Facility in South Korea. The JV will be named "POSCO-PILBARA MINERALS LITHIUM SOLUTION CO LTD", with its establishment consistent with Pilbara Minerals' long-term strategy to become a fully integrated lithium raw materials company with a globally diversified customer base. The Conversion Facility will consist of two production trains, each with a 21.5ktpa LHM production capacity, using (in part) POSCO's leading patented purification technology which has been developed by POSCO over the last 10 years which will be licensed on a non-exclusive basis to the JV. Based on studies undertaken by POSCO the capital development costs for the Conversion Facility are currently estimated at a pre-feasibility study level to be between $600-650 million dollars (100% basis). After allowing for initial working capital and pre-production financing costs, the total JV funding requirement is expected to be approximately $700-750 million dollars. Operating costs of the Conversion Facility are expected to be largely consistent with industry peers. Pilbara Minerals will make a staged investment of up to 30% in the JV. The Company will initially subscribe for an 18% interest, with a call option (at Pilbara Minerals' election) available to increase its interest to 30%. This call option will be available for up to 18 months after the successful ramp up of the Conversion Facility to 90% of nameplate capacity. The call option will initially be exercisable at cost (plus 3.58% interest per annum) up until the date the Conversion Facility receives battery certification from tier 1 battery producers, and thereafter at fair value. This structure provides an important benefit to Pilbara Minerals, including added flexibility to stage its investment over time to reduce its initial exposure during the construction and ramp-up phases of the Conversion Facility. The project development timeline for the Conversion Facility will see major construction works likely to commence from early 2022, with detailed engineering and early works already underway. Construction of the first train of the Conversion Facility is expected to be completed by mid-2023, with the second train to be completed approximately three months later.

Neutral

Pilbara Minerals Limited to Report Q1, 2022 Results on Oct 28, 2021

2021-10-22 00:00:00

Pilbara Minerals Limited announced that they will report Q1, 2022 results on Oct 28, 2021

Neutral

Pilbara Minerals Limited, Q1 2022 Earnings Call, Oct 28, 2021

2021-10-22 00:00:00

Pilbara Minerals Limited, Q1 2022 Earnings Call, Oct 28, 2021

Neutral

Pilbara Minerals Limited - Shareholder/Analyst Call

2021-10-15 01:29:00

AGM

Positive

Pilbara Minerals Limited Announces Ramp-Up of Pilgan Plant Improvements Project Commences

2021-10-13 02:05:00

Pilbara Minerals Limited announced the commencement of concentrate production from the newly installed filter press at the Pilgan Plant as part of the Plant Improvements Project being undertaken at its 100%-owned Pilgangoora Project in WA's Pilbara region. The Pilgan Plant Improvements Project is expected to de-bottleneck the facility to increase plant operating time and throughput, reduce final product moisture (minimising solar drying) and further manage product recovery performance. These improvements are ultimately expected to realise additional production capacity from the facility, and particularly from the fines flotation circuit. A total of approximately AUD 22 million of capital will be invested, with the project expected to be fully ramped-up during the December quarter 2021 to 360-380,000 dmt of spodumene concentrate. When combined with Ngungaju Plant's ramped-up capacity of 180- 200,000 dmt (expected from mid CY2022), the total annual production capacity across the entire Pilgangoora Operation is expected to increase to 560-580,000tpa.

Positive

Pilbara Minerals Limited Announces First Concentrate Produced from the Ngungaju Processing Plant

2021-10-13 00:52:00

Pilbara Minerals Limited advised that it has successfully produced the first spodumene concentrate from the coarse circuit at the recently restarted Ngungaju Plant, part of its 100%-owned Pilgangoora Project in WA. The restart of the coarse circuit at the Ngungaju Plant is expected to accelerate spodumene concentrate production (compared to the Company's original program), with construction, commissioning and ramp-up works progressing for both the fines and coarse concentrate circuits. The re-commencement of the coarse circuit will initially utilise existing weathered ore already stockpiled at Pilgangoora that was not amenable to flotation, but which now provides an opportunity for low-cost ore to be fed into the Ngungaju Plant during the initial ramp-up period when concentrate is sourced solely from the coarse circuit. This weathered ore feed is expected to be utilised through to the re-commencement of production from the fines circuit (expected during the March 2022 quarter), at which time fresh ore from the South Pit will be introduced to the Ngungaju Plant. Initial production from the coarse circuit is expected to yield lower lithia recoveries, which should improve once the fines circuit is re-commissioned and optimised. Full ramp-up of the Ngungaju Plant at optimised lithia recoveries is expected by the middle of calendar year 2022.

Neutral

Pilbara Minerals Limited Presents at "BOOM IN A ROOM" INVESTOR CONFERENCE, Oct-15-2021 03:30 PM

2021-10-11 23:55:00

Pilbara Minerals Limited Presents at "BOOM IN A ROOM" INVESTOR CONFERENCE, Oct-15-2021 03:30 PM. Venue: RAC Arena, Perth, Western Australia, Australia. Speakers: Kenneth Edward Brinsden, MD, CEO & Director.

Neutral

Resources Rising Stars, "BOOM in A ROOM" INVESTOR CONFERENCE, Oct 14, 2021 through Oct 15, 2021

2021-10-11 21:20:00

Resources Rising Stars, "BOOM IN A ROOM" INVESTOR CONFERENCE, Oct 14, 2021 through Oct 15, 2021. Venue: RAC Arena, Perth, Western Australia, Australia.

Neutral

Pilbara Minerals Limited Presents at 13th Annual Australia & New Zealand Investment Conference 2021, Oct-13-2021

2021-10-09 01:00:00

Pilbara Minerals Limited Presents at 13th Annual Australia & New Zealand Investment Conference 2021, Oct-13-2021 .

Positive

Pilbara Minerals Limited Announces Commencement of Commissioning Activities at the Ngungaju Plant

2021-10-06 22:47:00

Pilbara Minerals Limited announced the commencement of commissioning activities at the Ngungaju Plant, part of its 100%-owned Pilgangoora Project in WA's Pilbara region. Just three and half months after announcing a Final Investment Decision for the restart, first ore has now been fed into the plant in support of near-term concentrate production. Pilbara Minerals' Managing Director and CEO, Ken Brinsden, said the commencement of commissioning marked the start of a staged ramp-up of the Ngungaju facility, representing another significant and exciting milestone in the rapid growth of the Pilgangoora Project.

Positive

Pilbara Minerals Limited Announces Significant Increase in the Ore Reserve at its Pilgangoora Lithium-Tantalum Project in WA's Pilbara Region

2021-10-05 22:38:00

Pilbara Minerals Limited announced a significant increase in the Ore Reserve at its 100%-owned Pilgangoora Lithium-Tantalum Project in WA's Pilbara region. The restated and combined Ore Reserve (inclusive of the former Altura Lithium Operations) reinforces the Pilgangoora Projects' position as one of the world's premier hard rock lithium operations. AMC Consultants Pty Ltd. (AMC) were commissioned by Pilbara Minerals to assist in the development of the 30 June 2021 Ore Reserve Estimate for the Company's 100% owned Pilgangoora Tantalum-Lithium Project The Ore Reserves are based on an updated Mineral Resource of 308.9 million tonnes @ 1.14% Li2O, by Pilbara Minerals, Competent Persons: (Mr Lauritz Barnes - Consultant with Trepanier Pty Ltd. and Mr. John Holmes - Exploration Manager with Pilbara Minerals). Key parameters used as part of the Pilgangoora 2021 Ore Reserve estimation process included (but were not limited to): An average throughput of 6.3 Mtpa of ore processed after a ramp up period based on a combined operation consisting of a 1.3 Mtpa Ngungaju process plant and a proposed expansion of the Pilgan process plant to 5 Mtpa; Sales price of US$588/t FOB for battery grade concentrate (6% Li2O at the Pilgan plant, 5.7% Li2O at the Ngungaju plant) for Central, East and South pits and a long- term price projection of US$700 per tonne for smaller pits (comprising 6% of Ore Reserves) scheduled for later in the mine life; Sales price of US$39.50/lb was applied for a 5 to 10% Ta2O5 concentrate (produced only at the Pilgan plant); A fixed recovery of 74.6% for Li2O and 50% for Ta2O5 at the Pilgan plant and 67.7% for Li2O at the Ngungaju plant; Pilgan Plant will utilise an ore sorting circuit to process pegmatite ore at the contact with basalt, comprising approximately 15% of the Ore Reserve; Mining costs derived from current mining costs and first principles; Total selling costs of AUD 135 - 182/dmt Lithium concentrate including concentrate handling and transport, shipping, state, third party and native title royalties, insurances and corporate head office costs; Processing costs consistent with current outcomes and first principles estimates for the Ngungaju restart and Pilgan expanded facilities.; and No allowance was considered necessary for deleterious elements. The Ore Reserve has been completed with a relative accuracy and confidence level consistent with a minimum of a PFS level of engineering and economic assessment, and a higher level of assessment in most areas. Approximately 790 Mt of associated waste material will be mined including mineralized waste, resulting in a waste material to economic Ore Reserves ratio of 5.1 to 1 (tonnes:tonnes). The Ore Reserve is the economically mineable part of the Measured and Indicated Resource. It includes allowances for mining dilution and ore losses in mining. Appropriate assessments and studies have been carried out and include consideration of and modification by realistically assumed mining, metallurgical, economic, marketing, legal, environmental, social governmental factors. These assessments demonstrate at the time of reporting that extraction could reasonably be justified. Near surface oxidized material above the cut-off grade was treated as waste for the purposes of the Ore Reserve estimate but has potential to be added to the mining inventory with further metallurgical testing.

Neutral

Pilbara Minerals Limited Approves the Adoption of New Constitution

2021-09-29 22:04:00

Pilbara Minerals Limited at its General Meeting held on 29 September 2021 approved the adoption of new constitution .

Neutral

Pilbara Minerals Limited, Annual General Meeting, Nov 16, 2021

2021-09-24 01:39:00

Pilbara Minerals Limited, Annual General Meeting, Nov 16, 2021, at 14:00 W. Australia Standard Time. Location: The University Club of Western Australia, Hackett Drive Crawley Western Australia Australia Agenda: To consider remuneration report; to consider Election of Miriam Stanborough as Director; to consider Issue of Employee Options and Employee Performance Rights to Ken Brinsden; and to consider other matters.

Negative

Pilbara Minerals Limited Appoints Miriam Stanborough as Non-Executive Director, Effective 2 October, 2021

2021-09-16 05:16:00

Pilbara Minerals Limited announced the appointment of Miriam Stanborough, to its Board as a non-executive Director, effective 2 October, 2021. Ms Stanborough is a chemical engineer with more than 20 years' experience in the mineral processing industry across various commodities including copper, uranium, gold, silver, alumina and mineral sands. She was previously part of the senior leadership team at Monadelphous, where she was Group Manager Productivity and Innovation and previously its Group Manager - Business Services. Prior to that, she held a number of senior roles at Iluka Resources, Alcoa Australia and WMC Resources in technical development, production management, project management, business improvement, HR & diversity strategy, and sales and marketing. Her other current Board roles include Chair of the Minerals Research Institute of Western Australia (MRIWA), Deputy Chair of the Northern Agricultural Catchments Council (NACC), and Deputy Chair of Scouts WA. She also sits on the Independent Assessment Committee for the Federal Government's Boosting Female Founders Initiative.

Neutral

MACA Limited Announces Contract Extension with Pilbara Minerals

2021-09-15 22:26:00

MACA Limited announced the extension of its mining services contract with Pilbara Minerals for a further 12 months at the Pilgangoora Lithium Project, following Pilbara Minerals exercise of its 12 month option. The Pilgangoora Lithium Project is located 120km from Port Hedland in Western Australia's Pilbara region. The project consists of open pit mining services including drilling and blasting and loading and hauling, and the extension is expected to generate approximately $70 million in revenue for MACA over the 12 month term through to November 2022. MACA's work in hand position at September 2021 is $3.1 billion.

Positive

Pilbara Minerals Limited Announces Further Substantial Increase in the Mineral Resource At Its Flagship 100%-Owned Pilgangoora Lithium-Tantalum Project

2021-09-06 00:49:00

Pilbara Minerals Limited announced a further substantial increase in the Mineral Resource at its flagship 100%-owned Pilgangoora Lithium-Tantalum Project in WA's Pilbara region to 308.9 million tonnes, reinforcing its position as the world's premier hard rock lithium operation. The updated Mineral Resource, which represents a 39% increase in total resource tonnage compared with the depleted resource statement as at 30 June 2020, now comprises a total of 308.9 million tonnes grading 1.14% Li2O and 105 ppm Ta2O5, containing 3.5 million tonnes of lithium oxide and 71.7 million pounds of Ta2O5. The updated JORC 2012 compliant Mineral Resource incorporates all historical data including drilling data acquired through a number of exploration campaigns completed by Pilbara Minerals between November 2014 and June 2021. The update also includes the integration of the former Altura Lithium Operations Mineral Resource. The estimation was carried out by independent resource consultancy, Trepanier Pty Ltd, resulting in the estimation of Measured, Indicated and Inferred Resources. The reporting of all domains (using a cut-off of 0.2% Li2O and depleted to end of June 2021) results in a Measured, Indicated and Inferred Mineral Resource estimate totaling: 308.9 million tonnes grading 1.14% Li2O containing 3.5 million tonnes of Li2O. The envelope was wire-framed using both geological logging information (in particular logging of zoning within the pegmatite) and assay data for Li2O, Ta2O5 and Fe2O3. If a lithium cut-off of >0.5% is used in global resource reporting, this results in a reduction in tonnage but provides a significantly higher-grade resource (Figure 2): 277.2 million tonnes @ 1.22 Li2O, containing 3.4 million tonnes of Li2O. Details of the drilling data used for the estimation, site inspection information and the quality control checks completed on the data are documented. Significant exploration upside remains within the project area, with mineralization remaining open at depth within all the defined pit areas and other potential exploration targets particularly to the east of the newly acquired Ngungaju deposit. The Pilgangoora pegmatites are hosted in the East Strelley greenstone belt, which is a series of steeply dipping, mafic meta volcanic rocks and amphibolites. At Pilgangoora, the greenstones have been intruded by a swarm of north-trending, east-dipping pegmatites extending from Mount York in the south northwards for about 11km to McPhees Mining Centre. Many of the pegmatites are very large, reaching over 1000m in length and 20 to 70 metres in thickness. Despite their large size, mineralisation within these zoned pegmatites appears to be restricted to alteration zones, mainly along vein margins containing quartz, albite, muscovite, and spessartine garnet. These mineralised zones are dominated by lithium bearing mineral spodumene with minor amounts of lepidolite. Tantalite, cassiterite, and minor microlite, tapiolite, and beryl also occur within or associated with the pegmatite intrusives. The Pilgangoora pegmatite field is largely confined to the area within tenements M45/1230, M45/1231, M45/1256, M45/333 and M45/1266. Three principal pegmatite groups or domains are identified in the centre of the project area Eastern, Central and South. Pegmatites range in strike length up to 1.4 km, and mostly range in thickness from 1-30 metres, although pegmatites of the Central domains may be up to 70 metres thick.

Neutral

Pilbara Minerals Limited Proposes Adoption of the New Constitution

2021-08-26 05:09:00

Pilbara Minerals Limited proposed adoption of the new constitution to the company to be considered at the annual general meeting to be held on September 29, 2021.

Neutral

Pilbara Minerals Limited, Special/Extraordinary Shareholders Meeting, Sep 29, 2021

2021-08-26 05:09:00

Pilbara Minerals Limited, Special/Extraordinary Shareholders Meeting, Sep 29, 2021, at 14:00 W. Australia Standard Time. Location: Karingal Room at The Melbourne Hotel, 33 Milligan Street Perth Western Australia Australia Agenda: To consider ratification of the issue of the Tranche 1 Deferred Consideration Shares; to consider issue of tranche 2 deferred consideration shares; to consider ratification of issue of placement shares; to consider adoption of new constitution; and to consider increase in aggregate fee pool for non-executive directors.

Neutral

Pilbara Minerals Limited - Shareholder/Analyst Call

2021-08-26 05:09:00

General Meeting of Shareholders

Neutral

Citigroup Inc., 13th Annual Australia & New Zealand Investment Conference 2021, Oct 13, 2021 through Oct 14, 2021

2021-08-24 16:47:00

Citigroup Inc., 13th Annual Australia & New Zealand Investment Conference 2021, Oct 13, 2021 through Oct 14, 2021. The Citi Australia & New Zealand Investment Conference is the largest Australasian conference for influential ideas and actionable advice, attracting over 1000 investors, fund managers, CFOs and CEOs from Australia, New Zealand and around the globe. Throughout the two-day conference, attendees discuss issues affecting major markets and hear insights from policy makers, economists, political leaders and CEOs of some of Australia’s most enterprising corporations.

Neutral

Pilbara Minerals Limited to Report Q4, 2021 Results on Jul 29, 2021

2021-07-21 06:15:00

Pilbara Minerals Limited announced that they will report Q4, 2021 results on Jul 29, 2021

Neutral

Pilbara Minerals Limited, Q4 2021 Earnings Call, Jul 29, 2021

2021-07-21 06:15:00

Pilbara Minerals Limited, Q4 2021 Earnings Call, Jul 29, 2021

Neutral

Pilbara Minerals Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 11:35 AM

2021-06-30 19:09:00

Pilbara Minerals Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 11:35 AM. Venue: Goldfields Arts Centre, Cheetham Street, Kalgoolie, Western Australia, Australia. Speakers: Kenneth Edward Brinsden, MD, CEO & Director.

Fundamental Summary

According to their recent financial report, which was published on 2022-02-22, Pilbara had several impressive financial metrics that should make them more attractive than their peers going forward. Their growth, value, and income factors indicate a well-executed and balanced strategy, which is generating exciting growth. We expect that this positive performance will continue in the coming months, and anticipate that Pilbara will maintain good momentum even in a challenging environment. We gave Pilbara a 83 rating and a BUY recommendation.

Pilbara reported production results for the quarter ended March 2022. For the quarter, the company reported production of 81,431 dry metric tonnes (dmt) of spodumene concentrate. March Quarter shipments of 58,383 dry metric tonnes were achieved (compared with 78,679 dry metric tonnes in the December Quarter), with an average price consistent with prior March Quarter price guidance (CIF China, SC6 basis).

Business Description

Pilbara explores for, develops, and operates mineral resources in Australia. The company primarily holds a 100% interest in the Pilgangoora lithium-tantalum project located in the Pilbara region of Western Australia. The company was incorporated in 2005 and is headquartered in West Perth, Australia.

Sector Overview

Pilbara is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. Pilbara's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 1,195.3 25.9% 59
Liabilities 354.4 -5.6% 87
Price to Book 7.5 2.5% 56
Cash & Equivalents 191.2 91.8% 87
Equity 840.9 46.4% 81
EBITDA 168.9 702.4% 96
Total Revenues 408.5 132.3% 38
Parameter Value Change Score
Return on Equity 12.1 213.1% 96
Net Cashflow -56.7 -521.5% 87
Capital Expenditure -56.8 -177.2% 76
Asset Turnover 0.4 84.2% 78
Free Cashflow 0.0 3855.8% 97

* All values are TTM

The below chart reflects Pilbara's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Pilbara's peer average final assessment score stands on 64.0, Pilbara's score is 83.

  •  PLS
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
BHP Group Limited 208.5B 58 71 75
Hold
69
69 0 1
Fortescue Metals Group Limited 55.0B 65 67 75
Hold
68
68 1 1
Newcrest Mining Limited 19.4B 52 66 57
Underperform
56
56 2 1
South32 Limited 18.7B 84 72 78
Buy
82
82 3 1
Mineral Resources Limited 9.2B 55 63 61
Underperform
56
56 4 1
Lynas Rare Earths Limited 8.3B 70 69 70
Hold
71
71 5 1
Northern Star Resources Limited 8.2B 56 56 73
Underperform
55
55 6 1
IGO Limited 7.8B 50 78 72
Hold
71
71 7 1
BlueScope Steel Limited 7.3B 85 72 52
Hold
72
72 8 1
Allkem Limited 6.9B 57 61 82
Hold
65
65 9 1
OZ Minerals Limited 6.2B 74 66 78
Hold
74
74 10 1
Evolution Mining Limited 4.8B 82 64 50
Hold
64
64 11 1
Alumina Limited 4.4B 50 79 72
Hold
70
70 12 1
OZ Minerals Holdings Pty Ltd 4.0B 84 61 50
Hold
73
73 13 1
Iluka Resources Limited 3.9B 77 60 74
Hold
68
68 14 1
Andean Resources Ltd. 3.7B 86 97 41
Buy
84
84 15 1
Coronado Global Resources Inc. 2.9B 83 74 81
Strong Buy
87
87 16 1
Nickel Industries Limited 2.8B 54 60 70
Underperform
56
56 17 1
AVZ Minerals Limited 2.8B 95 68 58
Hold
75
75 18 1
Sims Limited 2.7B 68 69 82
Hold
74
74 19 1
Zimplats Holdings Limited 2.6B 77 68 64
Hold
71
71 20 1
Liontown Resources Limited 2.4B 81 84 62
Buy
84
84 21 1
Perseus Mining Limited 2.3B 81 65 83
Hold
77
77 22 1
Deterra Royalties Limited 2.3B 77 61 75
Hold
69
69 23 1
Sandfire Resources Limited 1.9B 82 69 76
Buy
79
79 24 1
Core Lithium Ltd 1.8B 83 70 69
Hold
76
76 25 1
Chalice Mining Limited 1.5B 54 81 55
Hold
67
67 26 1
Grange Resources Limited 1.5B 65 64 73
Hold
66
66 27 1
Capricorn Metals Ltd 1.3B 86 69 82
Buy
82
82 28 1
West African Resources Limited 1.3B 87 59 66
Hold
68
68 29 1
Silver Lake Resources Limited 1.2B 66 63 58
Hold
62
62 30 1
De Grey Mining Limited 1.2B 66 47 73
Underperform
53
53 31 1
Gold Road Resources Limited 1.2B 64 67 56
Hold
63
63 32 1
Lake Resources NL 1.2B 66 73 68
Hold
71
71 33 1
Sayona Mining Limited 1.2B 66 73 68
Hold
71
71 34 1
Regis Resources Limited 1.1B 53 53 69
Underperform
50
50 35 1
Piedmont Lithium Inc. 1.1B 88 77 60
Buy
84
84 36 1
5E Advanced Materials Inc. 927.2M 47 58 61
Underperform
51
51 37 1
ioneer Ltd 867.9M 85 69 51
Hold
70
70 38 1
Syrah Resources Limited 856.9M 49 50 69
Underperform
46
46 39 1
Equigold NL 854.0M 50 65 87
Hold
67
67 40 1
Ramelius Resources Limited 828.4M 56 68 62
Hold
60
60 41 1
Vulcan Energy Resources Limited 826.7M 67 78 71
Hold
77
77 42 1
Jervois Global Limited 813.1M 78 71 54
Hold
72
72 43 1
Mincor Resources NL 808.9M 62 77 57
Hold
67
67 44 1
Imdex Limited 796.9M 71 56 74
Hold
70
70 45 1
Bellevue Gold Limited 722.0M 84 69 54
Hold
70
70 46 1
St Barbara Limited 701.5M 53 70 56
Underperform
59
59 47 1
Emerald Resources NL 679.4M 60 68 84
Hold
70
70 48 1
Red 5 Limited 671.6M 47 75 59
Hold
61
61 49 1
Boart Longyear Group Ltd. 651.0M 60 74 68
Hold
69
69 50 1
Mount Gibson Iron Limited 629.5M 48 78 64
Hold
66
66 51 1
Westgold Resources Limited 575.3M 54 65 63
Underperform
58
58 52 1
OM Holdings Limited 563.6M 84 75 82
Buy
85
85 53 1
Australian Strategic Materials Ltd 540.9M 51 74 72
Hold
67
67 54 1
Neometals Ltd 531.9M 60 72 60
Hold
65
65 55 1
Adriatic Metals PLC 528.8M 66 73 68
Hold
71
71 56 1
Argosy Minerals Limited 467.8M 66 73 68
Hold
71
71 57 1
Perenti Global Limited 461.4M 60 78 67
Hold
72
72 58 1
Champion Iron Limited 441.1M 58 71 55
Hold
64
64 59 1
Panoramic Resources Limited 420.4M 58 71 67
Hold
66
66 60 1
Hastings Technology Metals Limited 404.8M 65 68 67
Hold
68
68 61 1
Alkane Resources Limited 402.0M 78 70 68
Hold
73
73 62 1
Centaurus Metals Limited 397.2M 66 73 68
Hold
71
71 63 1
Bowen Coking Coal Limited 385.5M 66 73 68
Hold
71
71 64 1
Jupiter Mines Limited 372.2M 66 81 50
Hold
64
64 65 1
Galan Lithium Limited 362.2M 66 73 68
Hold
71
71 66 1
Talga Group Ltd 359.9M 53 60 62
Underperform
53
53 67 1
BCI Minerals Limited 349.8M 71 68 60
Hold
66
66 68 1
Metals X Limited 344.8M 68 87 68
Buy
82
82 69 1
Pantoro Limited 330.8M 66 73 68
Hold
71
71 70 1
Aurelia Metals Limited 327.8M 65 58 60
Underperform
56
56 71 1
Macmahon Holdings Limited 283.7M 68 65 62
Hold
66
66 72 1
Lotus Resources Limited 277.3M 66 73 68
Hold
71
71 73 1
Firefinch Limited 236.2M 66 73 68
Hold
71
71 74 1
Andromeda Metals Limited 229.8M 66 73 68
Hold
71
71 75 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Pilbara's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Pilbara's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 47.

Bearish 47
Close Price 2.39
52W Low 1.42
52W High 3.86
5D MA 2.21
50D MA 2.55
200D MA 2.69
MACD -0.11
RSI 0.33
STOCH 92.11

Balance Sheet Analysis

Pilbara appears likely to maintain its strong balance sheet metrics and momentum going forward. Pilbara has done an excellent job managing its liabilities. Pilbara's liabilities stood at 354.4 in the current filing, which represents a -5.6% change from the previous report. These liabilities changes appear balanced compared to their peers and project the message that management is capable and focused on balancing asset growth, resource allocation, and growing liabilities. These results statistically lead to positive movement in stock prices, so we rated its liabilities movement component 87. Also, Pilbara reported a positive trendline in their cash and cash equivalents metrics. Specifically, they reported that cash and cash equivalents were 191.2, representing 91.8% change from the last report. This impressive growth, specifically in contrast to their industry peers' performance, should support an upswing in the company's stock price. The company's cash and cash equivalents movement, therefore, received a grade of 87. On the other hand, Book Value Factors, jumped out as looking rather underwhelming. Pilbara's price to book ratio (P/B) was reported as 7.5 and represents 2.5% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 0.3%. Their book value factor metrics are even more concerning when compared to their peers. Therefore, their book value factors earned a score of 56. Therefore, it received a score of 86.

Parameter Value Change Score
Assets 1,195.3 25.9% 59
Liabilities 354.4 -5.6% 87
Price to Book 7.5 2.5% 56
Cash & Equivalents 191.2 91.8% 87
Equity 840.9 46.4% 81
* All values are TTM

The below chart describes Pilbara's performance as reflected on its balance sheet with respect to its peers. While Pilbara received a balance sheet score of 86, the average of its peers stands on 64.0.

  •  PLS
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
BHP Group Limited 208.5B 74 92 47 52 76 58 0 1
Fortescue Metals Group Limited 55.0B 83 66 68 55 69 65 1 1
Newcrest Mining Limited 19.4B 85 72 46 46 73 52 2 1
South32 Limited 18.7B 74 73 80 79 74 84 3 1
Mineral Resources Limited 9.2B 83 73 52 42 90 55 4 1
Lynas Rare Earths Limited 8.3B 74 59 77 62 68 70 5 1
Northern Star Resources Limited 8.2B 87 70 56 48 65 56 6 1
IGO Limited 7.8B 43 37 80 42 63 50 7 1
BlueScope Steel Limited 7.3B 64 75 87 90 68 85 8 1
Allkem Limited 6.9B 53 64 44 65 89 57 9 1
OZ Minerals Limited 6.2B 87 72 72 69 72 74 10 1
Evolution Mining Limited 4.8B 47 57 76 96 54 82 11 1
Alumina Limited 4.4B 51 69 50 46 84 50 12 1
OZ Minerals Holdings Pty Ltd 4.0B 81 62 51 97 87 84 13 1
Iluka Resources Limited 3.9B 76 66 87 69 53 77 14 1
Andean Resources Ltd. 3.7B 70 37 60 97 92 86 15 1
Coronado Global Resources Inc. 2.9B 44 56 87 85 71 83 16 1
Nickel Industries Limited 2.8B 41 44 72 50 70 54 17 1
AVZ Minerals Limited 2.8B 99 56 82 98 66 95 18 1
Sims Limited 2.7B 85 72 83 49 57 68 19 1
Zimplats Holdings Limited 2.6B 80 69 68 76 73 77 20 1
Liontown Resources Limited 2.4B 43 55 82 97 37 81 21 1
Perseus Mining Limited 2.3B 81 70 73 82 66 81 22 1
Deterra Royalties Limited 2.3B 99 79 61 75 68 77 23 1
Sandfire Resources Limited 1.9B 41 64 87 87 73 82 24 1
Core Lithium Ltd 1.8B 37 55 82 94 66 83 25 1
Chalice Mining Limited 1.5B 98 78 39 46 89 54 26 1
Grange Resources Limited 1.5B 54 70 51 71 92 65 27 1
Capricorn Metals Ltd 1.3B 69 59 81 91 65 86 28 1
West African Resources Limited 1.3B 92 56 81 92 42 87 29 1
Silver Lake Resources Limited 1.2B 69 62 62 71 57 66 30 1
De Grey Mining Limited 1.2B 44 49 79 69 48 66 31 1
Gold Road Resources Limited 1.2B 83 72 56 65 60 64 32 1
Lake Resources NL 1.2B 78 74 55 64 78 66 33 1
Sayona Mining Limited 1.2B 78 74 55 64 78 66 34 1
Regis Resources Limited 1.1B 77 74 51 48 63 53 35 1
Piedmont Lithium Inc. 1.1B 97 54 82 97 39 88 36 1
5E Advanced Materials Inc. 927.2M 44 83 54 45 37 47 37 1
ioneer Ltd 867.9M 98 56 80 86 52 85 38 1
Syrah Resources Limited 856.9M 63 75 38 46 94 49 39 1
Equigold NL 854.0M 57 46 86 50 45 50 40 1
Ramelius Resources Limited 828.4M 67 41 78 48 49 56 41 1
Vulcan Energy Resources Limited 826.7M 39 53 80 74 41 67 42 1
Jervois Global Limited 813.1M 71 71 44 94 95 78 43 1
Mincor Resources NL 808.9M 83 78 43 62 56 62 44 1
Imdex Limited 796.9M 59 69 83 61 75 71 45 1
Bellevue Gold Limited 722.0M 96 56 81 87 42 84 46 1
St Barbara Limited 701.5M 80 69 51 49 61 53 47 1
Emerald Resources NL 679.4M 51 58 80 51 57 60 48 1
Red 5 Limited 671.6M 49 45 39 55 96 47 49 1
Boart Longyear Group Ltd. 651.0M 85 79 39 60 87 60 50 1
Mount Gibson Iron Limited 629.5M 94 76 39 41 74 48 51 1
Westgold Resources Limited 575.3M 77 65 55 47 73 54 52 1
OM Holdings Limited 563.6M 84 69 84 81 50 84 53 1
Australian Strategic Materials Ltd 540.9M 44 69 55 46 84 51 54 1
Neometals Ltd 531.9M 97 77 46 50 97 60 55 1
Adriatic Metals PLC 528.8M 78 74 55 64 78 66 56 1
Argosy Minerals Limited 467.8M 78 74 55 64 78 66 57 1
Perenti Global Limited 461.4M 68 71 51 61 74 60 58 1
Champion Iron Limited 441.1M 66 49 73 47 67 58 59 1
Panoramic Resources Limited 420.4M 78 75 43 58 85 58 60 1
Hastings Technology Metals Limited 404.8M 75 72 56 67 67 65 61 1
Alkane Resources Limited 402.0M 45 56 83 88 40 78 62 1
Centaurus Metals Limited 397.2M 78 74 55 64 78 66 63 1
Bowen Coking Coal Limited 385.5M 78 74 55 64 78 66 64 1
Jupiter Mines Limited 372.2M 63 93 46 52 80 66 65 1
Galan Lithium Limited 362.2M 78 74 55 64 78 66 66 1
Talga Group Ltd 359.9M 90 78 38 45 95 53 67 1
BCI Minerals Limited 349.8M 86 73 58 67 82 71 68 1
Metals X Limited 344.8M 90 77 50 67 80 68 69 1
Pantoro Limited 330.8M 78 74 55 64 78 66 70 1
Aurelia Metals Limited 327.8M 85 69 59 60 72 65 71 1
Macmahon Holdings Limited 283.7M 47 61 72 78 44 68 72 1
Lotus Resources Limited 277.3M 78 74 55 64 78 66 73 1
Firefinch Limited 236.2M 78 74 55 64 78 66 74 1
Andromeda Metals Limited 229.8M 78 74 55 64 78 66 75 1

Income Statement Analysis

EBITDA and Return Factors stand out as the most significant drivers of Pilbara's income statement's strength. Pilbara's management was effective in improving its EBIDTA, which now sits at 168.9 and represents a 702.4% change from the last reporting period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 20.0%. Their EBITDA metrics are even more impressive relative to their peers and competitors, and its likely the stock price has room to grow to reflect its intrinsic value accurately. Consequently, their EBITDA movement received a grade of 96. Also, In this filing, Pilbara reported a return on equity (ROE) ratio of 12.1, which represents a change of 213.1%. The company appears headed in the right direction in terms of these return factors, exhibiting prudent capital expenditure growth compared to its peers. Consequently, their return factors received a grade of 96. On the other hand, Revenue Efficiency, jumped out as looking rather underwhelming. Pilbara management did an underwhelming job managing revenue efficiency this past period. Pilbara's revenue efficiency is 408.5 according to the metrics in the current filing, which represents a 132.3% change from the previous report. This metric might have a 24.0 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency, specifically in contrast to their industry peers', isn't encouraging. As a result, their revenue efficiency earned a score of 38. Therefore, we scored its income statement a 69.

Parameter Value Change Score
EBITDA 168.9 702.4% 96
Total Revenues 408.5 132.3% 38
Return on Equity 12.1 213.1% 96
* All values are TTM

The below chart describes Pilbara's performance as reflected on its income statement with respect to its peers. While Pilbara received a income statement score of 69 , the average of its peers stands on 62.0.

  •  PLS
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
BHP Group Limited 208.5B 64 79 79 71 0 1
Fortescue Metals Group Limited 55.0B 58 78 75 67 1 1
Newcrest Mining Limited 19.4B 95 45 48 66 2 1
South32 Limited 18.7B 47 94 95 72 3 1
Mineral Resources Limited 9.2B 94 42 44 63 4 1
Lynas Rare Earths Limited 8.3B 50 91 83 69 5 1
Northern Star Resources Limited 8.2B 48 66 68 56 6 1
IGO Limited 7.8B 98 72 48 78 7 1
BlueScope Steel Limited 7.3B 86 71 66 72 8 1
Allkem Limited 6.9B 46 75 74 61 9 1
OZ Minerals Limited 6.2B 48 82 82 66 10 1
Evolution Mining Limited 4.8B 94 46 43 64 11 1
Alumina Limited 4.4B 87 73 76 79 12 1
OZ Minerals Holdings Pty Ltd 4.0B 39 88 45 61 13 1
Iluka Resources Limited 3.9B 50 62 89 60 14 1
Andean Resources Ltd. 3.7B 37 89 91 97 15 1
Coronado Global Resources Inc. 2.9B 39 98 97 74 16 1
Nickel Industries Limited 2.8B 66 61 55 60 17 1
AVZ Minerals Limited 2.8B 87 63 41 68 18 1
Sims Limited 2.7B 45 90 92 69 19 1
Zimplats Holdings Limited 2.6B 94 50 52 68 20 1
Liontown Resources Limited 2.4B 87 78 91 84 21 1
Perseus Mining Limited 2.3B 42 88 83 65 22 1
Deterra Royalties Limited 2.3B 45 83 66 61 23 1
Sandfire Resources Limited 1.9B 64 73 74 69 24 1
Core Lithium Ltd 1.8B 87 47 81 70 25 1
Chalice Mining Limited 1.5B 99 65 76 81 26 1
Grange Resources Limited 1.5B 74 61 61 64 27 1
Capricorn Metals Ltd 1.3B 37 98 97 69 28 1
West African Resources Limited 1.3B 43 84 63 59 29 1
Silver Lake Resources Limited 1.2B 95 42 41 63 30 1
De Grey Mining Limited 1.2B 44 45 76 47 31 1
Gold Road Resources Limited 1.2B 94 48 49 67 32 1
Lake Resources NL 1.2B 87 62 66 73 33 1
Sayona Mining Limited 1.2B 87 62 66 73 34 1
Regis Resources Limited 1.1B 65 50 45 53 35 1
Piedmont Lithium Inc. 1.1B 87 63 68 77 36 1
5E Advanced Materials Inc. 927.2M 74 37 56 58 37 1
ioneer Ltd 867.9M 87 55 60 69 38 1
Syrah Resources Limited 856.9M 38 67 62 50 39 1
Equigold NL 854.0M 79 44 91 65 40 1
Ramelius Resources Limited 828.4M 94 51 48 68 41 1
Vulcan Energy Resources Limited 826.7M 87 67 84 78 42 1
Jervois Global Limited 813.1M 37 94 93 71 43 1
Mincor Resources NL 808.9M 98 57 59 77 44 1
Imdex Limited 796.9M 77 60 56 56 45 1
Bellevue Gold Limited 722.0M 87 44 83 69 46 1
St Barbara Limited 701.5M 93 56 53 70 47 1
Emerald Resources NL 679.4M 37 96 94 68 48 1
Red 5 Limited 671.6M 95 58 66 75 49 1
Boart Longyear Group Ltd. 651.0M 93 58 67 74 50 1
Mount Gibson Iron Limited 629.5M 99 62 66 78 51 1
Westgold Resources Limited 575.3M 84 58 43 65 52 1
OM Holdings Limited 563.6M 50 96 97 75 53 1
Australian Strategic Materials Ltd 540.9M 91 62 66 74 54 1
Neometals Ltd 531.9M 87 66 56 72 55 1
Adriatic Metals PLC 528.8M 87 62 66 73 56 1
Argosy Minerals Limited 467.8M 87 62 66 73 57 1
Perenti Global Limited 461.4M 73 81 87 78 58 1
Champion Iron Limited 441.1M 95 50 45 71 59 1
Panoramic Resources Limited 420.4M 95 50 62 71 60 1
Hastings Technology Metals Limited 404.8M 90 51 53 68 61 1
Alkane Resources Limited 402.0M 68 74 74 70 62 1
Centaurus Metals Limited 397.2M 87 62 66 73 63 1
Bowen Coking Coal Limited 385.5M 87 62 66 73 64 1
Jupiter Mines Limited 372.2M 96 46 50 81 65 1
Galan Lithium Limited 362.2M 87 62 66 73 66 1
Talga Group Ltd 359.9M 87 40 47 60 67 1
BCI Minerals Limited 349.8M 94 47 56 68 68 1
Metals X Limited 344.8M 94 84 79 87 69 1
Pantoro Limited 330.8M 87 62 66 73 70 1
Aurelia Metals Limited 327.8M 68 58 49 58 71 1
Macmahon Holdings Limited 283.7M 88 51 48 65 72 1
Lotus Resources Limited 277.3M 87 62 66 73 73 1
Firefinch Limited 236.2M 87 62 66 73 74 1
Andromeda Metals Limited 229.8M 87 62 66 73 75 1

Cash Flow Analysis

Overall, Pilbara's critical cash flow metrics appear to signal strong support and a high likelihood of positive growth going forward. Pilbara's published free cash flow numbers were substantial and reflected management's focus on a healthy change strategy. Pilbara recorded free cash flow of 0.0, which represents a 3855.8% change from the previous report. This parameter coud affect companies in the same industry and market capitalization by up to 4.3%. The company's free cash flow metrics are especially strong compared to its peers. Management seems to balance cash flow management, asset growth, and resource allocations in general. Therefore, its free cash flow movement earned a score of 97. Also, Pilbara's strong net cash flow numbers, which were -56.7 in this filing, showed a -521.5% change from the last period. The company is headed in the right direction regarding business priorities, exhibiting prudent net cash flow management and growth. Hence, its net cash flow earned a score of 87. That said, one metric, Capital Expenditure, stood out as particularly concerning. Pilbara's published capital expenditures (CapEx) numbers were discouraging and reflected management's unbalanced growth strategy. Pilbara recorded CapEx of -56.8, which represents a -177.2% change from the previous report. They appears to be headed in the wrong direction regarding resource allocation, exhibiting prudent capital expenditure growth compared to its peers. Its CapEx movement, therefore, received a grade of 76. Because the company's management is doing an excellent job managing these critical metrics, the cash flow was given a score of 86.

Parameter Value Change Score
Net Cashflow -56.7 -521.5% 87
Capital Expenditure -56.8 -177.2% 76
Asset Turnover 0.4 84.2% 78
Free Cashflow 0.0 3855.8% 97
* All values are TTM

The below chart describes Pilbara's performance as reflected on its cash flow with respect to its peers. While Pilbara received a cash flow score of 86, the average of its peers stands on 75.0.

  •  PLS
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
BHP Group Limited 208.5B 70 77 80 71 75 0 1
Fortescue Metals Group Limited 55.0B 74 78 69 74 75 1 1
Newcrest Mining Limited 19.4B 58 48 63 55 57 2 1
South32 Limited 18.7B 72 86 82 75 78 3 1
Mineral Resources Limited 9.2B 58 69 54 63 61 4 1
Lynas Rare Earths Limited 8.3B 78 63 76 58 70 5 1
Northern Star Resources Limited 8.2B 70 58 54 91 73 6 1
IGO Limited 7.8B 80 73 66 57 72 7 1
BlueScope Steel Limited 7.3B 48 47 56 70 52 8 1
Allkem Limited 6.9B 75 77 70 84 82 9 1
OZ Minerals Limited 6.2B 69 97 66 73 78 10 1
Evolution Mining Limited 4.8B 54 49 61 39 50 11 1
Alumina Limited 4.4B 68 74 76 70 72 12 1
OZ Minerals Holdings Pty Ltd 4.0B 49 86 84 39 50 13 1
Iluka Resources Limited 3.9B 75 84 52 74 74 14 1
Andean Resources Ltd. 3.7B 40 55 56 37 41 15 1
Coronado Global Resources Inc. 2.9B 77 86 53 93 81 16 1
Nickel Industries Limited 2.8B 75 63 76 61 70 17 1
AVZ Minerals Limited 2.8B 60 69 76 37 58 18 1
Sims Limited 2.7B 83 98 56 82 82 19 1
Zimplats Holdings Limited 2.6B 75 77 63 44 64 20 1
Liontown Resources Limited 2.4B 59 69 76 51 62 21 1
Perseus Mining Limited 2.3B 69 94 90 83 83 22 1
Deterra Royalties Limited 2.3B 77 88 96 51 75 23 1
Sandfire Resources Limited 1.9B 73 85 63 71 76 24 1
Core Lithium Ltd 1.8B 61 69 76 72 69 25 1
Chalice Mining Limited 1.5B 53 62 84 38 55 26 1
Grange Resources Limited 1.5B 75 79 76 62 73 27 1
Capricorn Metals Ltd 1.3B 81 83 81 79 82 28 1
West African Resources Limited 1.3B 73 84 42 58 66 29 1
Silver Lake Resources Limited 1.2B 63 53 64 47 58 30 1
De Grey Mining Limited 1.2B 80 69 76 61 73 31 1
Gold Road Resources Limited 1.2B 57 57 54 50 56 32 1
Lake Resources NL 1.2B 68 69 76 60 68 33 1
Sayona Mining Limited 1.2B 68 69 76 60 68 34 1
Regis Resources Limited 1.1B 65 76 68 69 69 35 1
Piedmont Lithium Inc. 1.1B 59 62 69 54 60 36 1
5E Advanced Materials Inc. 927.2M 55 48 71 71 61 37 1
ioneer Ltd 867.9M 47 57 54 51 51 38 1
Syrah Resources Limited 856.9M 59 58 43 98 69 39 1
Equigold NL 854.0M 91 69 72 84 87 40 1
Ramelius Resources Limited 828.4M 59 56 81 58 62 41 1
Vulcan Energy Resources Limited 826.7M 67 69 76 69 71 42 1
Jervois Global Limited 813.1M 43 51 38 82 54 43 1
Mincor Resources NL 808.9M 63 63 72 45 57 44 1
Imdex Limited 796.9M 71 72 79 73 74 45 1
Bellevue Gold Limited 722.0M 51 64 56 51 54 46 1
St Barbara Limited 701.5M 54 46 71 55 56 47 1
Emerald Resources NL 679.4M 84 81 80 81 84 48 1
Red 5 Limited 671.6M 68 49 48 59 59 49 1
Boart Longyear Group Ltd. 651.0M 62 74 81 63 68 50 1
Mount Gibson Iron Limited 629.5M 68 69 59 56 64 51 1
Westgold Resources Limited 575.3M 59 69 71 59 63 52 1
OM Holdings Limited 563.6M 75 90 90 75 82 53 1
Australian Strategic Materials Ltd 540.9M 72 69 76 69 72 54 1
Neometals Ltd 531.9M 62 54 71 52 60 55 1
Adriatic Metals PLC 528.8M 68 69 76 60 68 56 1
Argosy Minerals Limited 467.8M 68 69 76 60 68 57 1
Perenti Global Limited 461.4M 61 69 54 78 67 58 1
Champion Iron Limited 441.1M 56 69 51 49 55 59 1
Panoramic Resources Limited 420.4M 69 69 79 54 67 60 1
Hastings Technology Metals Limited 404.8M 65 68 74 57 67 61 1
Alkane Resources Limited 402.0M 69 58 68 71 68 62 1
Centaurus Metals Limited 397.2M 68 69 76 60 68 63 1
Bowen Coking Coal Limited 385.5M 68 69 76 60 68 64 1
Jupiter Mines Limited 372.2M 51 51 84 44 50 65 1
Galan Lithium Limited 362.2M 68 69 76 60 68 66 1
Talga Group Ltd 359.9M 53 48 76 70 62 67 1
BCI Minerals Limited 349.8M 62 54 76 49 60 68 1
Metals X Limited 344.8M 70 81 72 55 68 69 1
Pantoro Limited 330.8M 68 69 76 60 68 70 1
Aurelia Metals Limited 327.8M 72 58 54 49 60 71 1
Macmahon Holdings Limited 283.7M 72 53 46 57 62 72 1
Lotus Resources Limited 277.3M 68 69 76 60 68 73 1
Firefinch Limited 236.2M 68 69 76 60 68 74 1
Andromeda Metals Limited 229.8M 68 69 76 60 68 75 1

This report is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used or considered as financial or investment advice, a solicitation of any offer, a recommendation, or an offer to sell or buy any securities or other form of a financial asset. For the full disclaimer, click here.