Bekanntmachung • Feb 02
PLS Group Limited to Report First Half, 2026 Results on Feb 19, 2026 PLS Group Limited announced that they will report first half, 2026 results on Feb 19, 2026 Bekanntmachung • Dec 22
PLS Group Limited to Report Q2, 2026 Results on Jan 30, 2026 PLS Group Limited announced that they will report Q2, 2026 results Pre-Market on Jan 30, 2026 Bekanntmachung • Sep 23
Pilbara Minerals Limited to Report Q1, 2026 Results on Oct 24, 2025 Pilbara Minerals Limited announced that they will report Q1, 2026 results on Oct 24, 2025 Bekanntmachung • Sep 15
Pilbara Minerals Limited, Annual General Meeting, Nov 25, 2025 Pilbara Minerals Limited, Annual General Meeting, Nov 25, 2025. Reported Earnings • Aug 25
Full year 2025 earnings released Full year 2025 results: Revenue: AU$769.0m (down 39% from FY 2024). Net loss: AU$196.0m (down 176% from profit in FY 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Metals and Mining industry in Australia. Bekanntmachung • Aug 06
Pilbara Minerals Limited to Report Fiscal Year 2025 Results on Aug 25, 2025 Pilbara Minerals Limited announced that they will report fiscal year 2025 results on Aug 25, 2025 Bekanntmachung • Jul 01
Pilbara Minerals Limited to Report Q4, 2025 Results on Jul 30, 2025 Pilbara Minerals Limited announced that they will report Q4, 2025 results on Jul 30, 2025 Bekanntmachung • Apr 01
Pilbara Minerals Limited to Report Q3, 2025 Results on Apr 17, 2025 Pilbara Minerals Limited announced that they will report Q3, 2025 results on Apr 17, 2025 Bekanntmachung • Feb 10
Pilbara Minerals Limited to Report First Half, 2025 Results on Feb 20, 2025 Pilbara Minerals Limited announced that they will report first half, 2025 results on Feb 20, 2025 Bekanntmachung • Feb 05
Pilbara Minerals Limited (ASX:PLS) completed the acquisition of Latin Resources Limited (ASX:LRS). Pilbara Minerals Limited (ASX:PLS) entered into a binding Scheme Implementation Agreement to acquire Latin Resources Limited (ASX:LRS) for approximately AUD 560 million on August 15, 2024. Latin Resources shareholders will receive 0.07 new Pilbara Minerals shares for each Latin Resources share held and will own ~6.4% of Pilbara Minerals’ shares upon implementation of the Scheme. Based on Pilbara Minerals’ closing price of AUD 2.85 per share on 14 August 2024, the transaction implies a value of AUD 0.20 per Latin Resources share (Implied Offer Price). The Latin Resources Board has unanimously recommended the Scheme in the absence of a Superior Proposal emerging and subject to an independent expert concluding that the Scheme is in the best interests of Latin Resources shareholders. Latin Resources’ largest shareholder José Luis Manzano (7.9%) has confirmed his intention to vote his Latin Resources shares in favour of the Scheme. Latin Resources’ Managing Director, Chris Gale, has agreed to join Pilbara Minerals as a consultant for a period of 12 months to provide leadership continuity with key stakeholders, including the Latin Resources in-country team, senior government officials and local community representatives to progress key activities at Salinas. In case of termination of transaction, Pilbara Minerals Limited will pay a termination fee of AUD 6 million and seller will pay a termination fee of AUD 6 million. The transaction is subject to approval by regulatory board, approval of offer by target shareholders and subject to court approval. The Scheme Meeting is expected to be held in mid-November 2024 and, if approved by Latin Resources shareholders and the Court, the Scheme is expected to be implemented in late November / early December. As per the announcement dated January 16, 2025 Latin Resources Limited shareholders have approved the transaction. On January 21, 2025 the Supreme Court of Western Australia has approved the transaction. Barrenjoey Capital Partners acted as financial advisor for Pilbara Minerals Limited. As of January 22, 2025, the scheme has become legally effective.
Corrs Chambers Westgarth acted as legal advisor for Pilbara Minerals Limited. Macquarie Capital Limited acted as financial advisor for Latin Resources Limited. King & Wood Mallesons, Australia Branch acted as legal advisor for Latin Resources Limited. Computershare Investor Services Pty Limited acted as Registrar to Pilbara Minerals Limited. KPMG Australia acted as accountant to Pilbara Minerals Limited. Ernst & Young Services Pty Limited and Bentleys Audit and Corporate (WA) Pty Ltd acted as accountant to Latin Resources Limited. BDO Corporate Finance (SA) Pty Ltd acted as fairness opinion provider to Latin Resources Limited.
Pilbara Minerals Limited (ASX:PLS) completed the acquisition of Latin Resources Limited (ASX:LRS) on February 4, 2025. Under the scheme, Latin Resources will issue between 0.0020 and 0.0250 New shares per Latin Resources Option. Bekanntmachung • Jan 06
Pilbara Minerals Limited to Report First Half, 2025 Results on Jan 29, 2025 Pilbara Minerals Limited announced that they will report first half, 2025 results on Jan 29, 2025 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to AU$3.26, the stock trades at a forward P/E ratio of 73x. Average trailing P/E is 13x in the Metals and Mining industry in Australia. Total returns to shareholders of 83% over the past three years. Bekanntmachung • Sep 16
Pilbara Minerals Limited, Annual General Meeting, Nov 26, 2024 Pilbara Minerals Limited, Annual General Meeting, Nov 26, 2024. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to AU$2.42, the stock trades at a forward P/E ratio of 54x. Average trailing P/E is 13x in the Metals and Mining industry in Australia. Total returns to shareholders of 25% over the past three years. Reported Earnings • Aug 26
Full year 2024 earnings released Full year 2024 results: Revenue: AU$1.25b (down 69% from FY 2023). Net income: AU$257.0m (down 89% from FY 2023). Profit margin: 21% (down from 59% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Metals and Mining industry in Australia. Bekanntmachung • Aug 15
Pilbara Minerals Limited (ASX:PLS) agreed to acquire Latin Resources Limited (ASX:LRS). Pilbara Minerals Limited (ASX:PLS) agreed to acquire Latin Resources Limited (ASX:LRS) on August 15, 2024. In case of termination of transaction, Pilbara Minerals Limited will pay a termination fee of AUD 6 million and seller will pay a termination fee of AUD 6 million.
The transaction is subject to approval by regulatory board / committee, approval of offer by target shareholders and subject to court approval.
Barrenjoey Capital Partners acted as financial advisor for Pilbara Minerals Limited. Corrs Chambers Westgarth acted as legal advisor for Pilbara Minerals Limited. Macquarie Capital Limited acted as financial advisor for Latin Resources Limited. King & Wood Mallesons, Australia Branch acted as legal advisor for Latin Resources Limited. Bekanntmachung • Aug 13
Pilbara Minerals Limited to Report Fiscal Year 2024 Results on Aug 26, 2024 Pilbara Minerals Limited announced that they will report fiscal year 2024 results on Aug 26, 2024 Bekanntmachung • Aug 07
Pilbara Minerals Limited Announces Executive Changes Pilbara Minerals Limited announced Mr. Vince De Carolis has resigned from the position of Chief Operating Officer (COO) and will step down from his duties as COO effective immediately. Mr. De Carolis joined Pilbara Minerals in November 2022 and has had oversight of Pilbara Minerals operations at Pilgangoora. The Company continues to move through a period of production growth and optimisation in accordance with its strategy. Mr. Brett McFadgen, Pilbara Minerals' current General Manager Operations since February 2023, will be promoted to the Executive Leadership Team in the role of Executive General Manager Operations, effective 12 August 2024. Bekanntmachung • Jul 10
Pilbara Minerals Limited to Report Q4, 2024 Results on Jul 24, 2024 Pilbara Minerals Limited announced that they will report Q4, 2024 results on Jul 24, 2024 Bekanntmachung • Apr 08
Pilbara Minerals Limited to Report Q3, 2024 Results on Apr 19, 2024 Pilbara Minerals Limited announced that they will report Q3, 2024 results on Apr 19, 2024 Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to AU$4.38, the stock trades at a forward P/E ratio of 38x. Average trailing P/E is 13x in the Metals and Mining industry in Australia. Total returns to shareholders of 378% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$2.90 per share. Reported Earnings • Feb 23
First half 2024 earnings released First half 2024 results: Revenue: AU$757.2m (down 65% from 1H 2023). Net income: AU$220.2m (down 82% from 1H 2023). Profit margin: 29% (down from 57% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat. New Risk • Feb 22
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 67% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (67% accrual ratio). Minor Risk Dividend is not well covered by cash flows (124% cash payout ratio). Bekanntmachung • Feb 06
Pilbara Minerals Limited to Report First Half, 2024 Results on Feb 22, 2024 Pilbara Minerals Limited announced that they will report first half, 2024 results on Feb 22, 2024 Bekanntmachung • Nov 08
Pilbara Minerals Limited Announces Executive Changes, Effective 24 November 2023 Pilbara Minerals Limited announced that senior executive Mr. Alex Eastwood has decided to step down as chief commercial and legal officer and company secretary, after more than seven years with the company, effective 24 November 2023. The decision reflects his wish to spend more time with his family and pursue personal interests following a lengthy and distinguished career in law, mining and corporate finance with ASX-listed mining companies. Mr. Eastwood joined Pilbara Minerals in July 2016 as one of the founding executives and has played an integral role in the company's success. Having orchestrated and led both the legal and commercial strategies for the company, Mr. Eastwood has been instrumental in stewarding the business through significant milestones. This has included project funding and financing initiatives, spodumene sales and offtake arrangements, introduction of the BMX platform, and joint ventures with POSCO and Calix. Effective immediately, Ms. Danielle Webber, Pilbara Minerals' current deputy company secretary will assume the role of joint company secretary, with the intention that Mr. Eastwood will step down from the role as company secretary, effective 24 November 2023. For the purpose of ASX Listing Rule 12.6, the company confirms that Ms. Webber will be the primary person responsible for communications between the company and the ASX, effective 24 November 2023. Pilbara Minerals has commenced a recruitment process with an executive search firm, Heidrick & Struggles, to source a suitably qualified executive. Mr. Eastwood will remain employed with the company in the interim to assist with an orderly transition. Bekanntmachung • Oct 17
Pilbara Minerals Limited to Report Q1, 2024 Results on Oct 26, 2023 Pilbara Minerals Limited announced that they will report Q1, 2024 results on Oct 26, 2023 Buying Opportunity • Oct 09
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be AU$4.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 109% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 7.2% per annum. Earnings is also forecast to decline by 25% per annum over the same time period. Upcoming Dividend • Aug 29
Upcoming dividend of AU$0.14 per share at 5.9% yield Eligible shareholders must have bought the stock before 05 September 2023. Payment date: 27 September 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 5.9%. Lower than top quartile of Australian dividend payers (7.1%). In line with average of industry peers (5.9%). Reported Earnings • Aug 25
Full year 2023 earnings released: EPS: AU$0.80 (vs AU$0.19 in FY 2022) Full year 2023 results: EPS: AU$0.80 (up from AU$0.19 in FY 2022). Revenue: AU$4.06b (up 242% from FY 2022). Net income: AU$2.39b (up 326% from FY 2022). Profit margin: 59% (up from 47% in FY 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 9.8% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to grow by 2.4%. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has increased by 140% per year, which means it is tracking significantly ahead of earnings growth. Bekanntmachung • Aug 19
Pilbara Minerals Limited, Annual General Meeting, Nov 23, 2023 Pilbara Minerals Limited, Annual General Meeting, Nov 23, 2023, at 14:00 W. Australia Standard Time. Bekanntmachung • Aug 09
Pilbara Minerals Limited to Report Fiscal Year 2023 Results on Aug 25, 2023 Pilbara Minerals Limited announced that they will report fiscal year 2023 results on Aug 25, 2023 Bekanntmachung • Jul 06
Pilbara Minerals Limited to Report Q4, 2023 Results on Jul 24, 2023 Pilbara Minerals Limited announced that they will report Q4, 2023 results After-Market on Jul 24, 2023 Buying Opportunity • Jun 01
Now 21% undervalued Over the last 90 days, the stock is up 3.4%. The fair value is estimated to be AU$5.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 118% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 10% per annum. Earnings is also forecast to decline by 17% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to AU$4.10, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Metals and Mining industry in Australia. Total returns to shareholders of 2,159% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$5.55 per share. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to AU$3.55, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Metals and Mining industry in Australia. Total returns to shareholders of 2,345% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$6.28 per share. Reported Earnings • Feb 24
First half 2023 earnings released: EPS: AU$0.42 (vs AU$0.039 in 1H 2022) First half 2023 results: EPS: AU$0.42 (up from AU$0.039 in 1H 2022). Revenue: AU$2.18b (up AU$1.89b from 1H 2022). Net income: AU$1.24b (up AU$1.13b from 1H 2022). Profit margin: 57% (up from 39% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 14% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 137% per year but the company’s share price has increased by 162% per year, which means it is tracking significantly ahead of earnings growth. Bekanntmachung • Feb 16
Pilbara Minerals Limited Announces the Appointment Sandra Mcinnes as Chief Sustainability Officer Pilbara Minerals Limited announced the appointment of accomplished senior executive, Sandra McInnes, to the newly-created role of Chief Sustainability Officer (CSO). Sandra will be responsible for leading Pilbara Minerals' sustainability initiatives including implementing ongoing response to climate change and oversight of energy transition pathway. Also included within her portfolio are the business functions: Human Resources, Corporate Affairs, Land Access and Environment. With more than 20 years' experience, Sandra joins Pilbara Minerals following a distinguished career primarily at Woodside Energy where she has traversed several senior roles with oversight of: Sustainability, Corporate Affairs and Human Resources. In her previous role, as Vice President of Corporate Affairs, Ms McInnes had oversight of sustainability, ESG and reporting, human rights, stakeholder management, community relations, social contribution, cultural heritage and Indigenous affairs, government relations, communications and media. Ms McInnes will commence as Chief Sustainability Officer in late February 2023. Bekanntmachung • Feb 15
Pilbara Minerals Limited to Report First Half, 2023 Results on Feb 24, 2023 Pilbara Minerals Limited announced that they will report first half, 2023 results on Feb 24, 2023 Bekanntmachung • Jan 27
Pilbara Minerals Limited Announces the Appointment of John Stanning as Chief Development Officer Pilbara Minerals Limited announced the appointment of experienced senior resources and lithium sector corporate adviser, John Stanning, to the newly-created position of Chief Development Officer. As Chief Development Officer, John will oversee Pilbara Minerals' corporate development, growth and exploration functions. With more than 20 years' experience in the natural resources sector as an investment banker, including the last 17 years at Macquarie Capital where he co-headed the Perth team, John brings deep lithium sector relationships and a proven track record of assisting battery materials companies with corporate strategy including executing their growth and funding plans. He completed his first lithium sector transaction more than a decade ago and has advised on 15 announced transactions in the lithium sector, along with a significant number of additional transactions across the broader market. His appointment follows a comprehensive executive search process and is an important step for the Company's future growth strategy to extract greater value along the battery materials supply chain and to diversify revenue beyond Pilgangoora. Bekanntmachung • Jan 25
Pilbara Minerals Appoints Paul Laybourne to the Position of Project Director Pilbara Minerals (PLS) has appointed Paul Laybourne to the position of project director. As Project Director, Paul will be responsible for overseeing the execution and delivery of Pilbara Minerals' expansion pathway up to 1Mtpa at the Pilgangoora Project, as well as other key downstream growth programs to move the Company further down the global battery materials supply chain. Paul joins Pilbara Minerals following an extensive career in the resources industry, having delivered complex projects across all stages and phases, from studies to execution, in both brownfield and greenfield settings. He has over 30 years of project management experience, including 12 years of leadership in the mining industry delivering large- scale projects. He has held senior roles with Hancock Prospecting Group, Roy Hill, WSP and Turner & Townsend, working on both the owners' and contractors' side of project delivery. Most notably, Paul was one of the Directors who played a leading role in the delivery of the $10 billion Roy Hill Iron Ore Project in Western Australia, which at the time was the world's largest debt-funded resource project. Paul will commence as Project Director within the next three months. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improved over the past week After last week's 20% share price gain to AU$4.83, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Metals and Mining industry in Australia. Total returns to shareholders of 1,361% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$6.45 per share. Bekanntmachung • Jan 12
Pilbara Minerals Limited to Report Q2, 2023 Results on Jan 20, 2023 Pilbara Minerals Limited announced that they will report Q2, 2023 results on Jan 20, 2023 Recent Insider Transactions • Dec 26
Independent Non-Executive Director recently bought AU$69k worth of stock On the 21st of December, Miriam Stanborough bought around 18k shares on-market at roughly AU$3.86 per share. This transaction amounted to 49% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold AU$5.1m more in shares than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to AU$3.84, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Metals and Mining industry in Australia. Total returns to shareholders of 1,517% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$7.39 per share. Bekanntmachung • Oct 13
Pilbara Minerals Limited, Annual General Meeting, Nov 17, 2022 Pilbara Minerals Limited, Annual General Meeting, Nov 17, 2022, at 14:00 W. Australia Standard Time. Location: The University Club of Western Australia, Entrance 1, Hackett Drive,Crawley, Western Australia 6009 Agenda: To consider Remuneration Report;to Re-election of Mr Anthony Kiernan as Director;to Re-election of Mr Nicholas Cernotta as Director; to Ratification of Convertible Bonds; to Issue of Employee Performance Rights to Mr Dale Henderson; and to be consider other matter. Bekanntmachung • Oct 11
Pilbara Minerals Limited to Report Q1, 2023 Results on Oct 25, 2022 Pilbara Minerals Limited announced that they will report Q1, 2023 results Pre-Market on Oct 25, 2022 Bekanntmachung • Oct 07
Pilbara Minerals Limited Announces Step Down of Brian Lynn as Chief Financial Officer Pilbara Minerals Limited announced that Brian Lynn has chosen to step down as chief financial officer (CFO), after more than six years with the company. The decision reflects his wish to spend more time with his family following a lengthy and distinguished 30-year career with ASX-listed mining companies. Mr. Lynn joined the company in June 2016 and has been an integral part of the company's success, helping to oversee the financing, construction, development and successful ramp-up of the Pilgangoora Lithium Project. Mr. Lynn played a key role in managing the Company's finances through the period of depressed lithium prices in 2019-20 which saw it implement a moderated production strategy, undertake a capital raising and refinance its debt, all of which were transformational for the business. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 19% share price gain to AU$5.42, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Metals and Mining industry in Australia. Total returns to shareholders of 1,792% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$9.01 per share. Bekanntmachung • Sep 30
Pilbara Minerals Limited Announces the Appointment of Vince De Carolis, to the Position of Chief Operating Officer Pilbara Minerals Limited announced the appointment of experienced mining and resources leader, Vince De Carolis, to the position of Chief Operating Officer. This appointment, which forms part of the planned expansion of the Company's Executive Leadership team, follows an extensive search which attracted an impressive field of candidates. With an extensive career in the resources industry, Mr. De Carolis has held senior operationalleadership positions with BHP, South32 and, most recently, Newmont, where he oversawits Tanami operation in the Northern Territory. Recent Insider Transactions • Sep 14
Independent Non-Executive Chairman recently bought AU$310k worth of stock On the 12th of September, Anthony Kiernan bought around 70k shares on-market at roughly AU$4.46 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Anthony has been a net seller over the last 12 months, reducing personal holdings by AU$66k. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improved over the past week After last week's 19% share price gain to AU$4.23, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Metals and Mining industry in Australia. Total returns to shareholders of 1,266% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$5.03 per share. Reported Earnings • Aug 24
Full year 2022 earnings released: EPS: AU$0.19 (vs AU$0.02 loss in FY 2021) Full year 2022 results: EPS: AU$0.19 (up from AU$0.02 loss in FY 2021). Revenue: AU$1.19b (up AU$1.01b from FY 2021). Net income: AU$561.8m (up AU$613.3m from FY 2021). Profit margin: 47% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 163%, compared to a 80,096% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has increased by 113% per year whereas the company’s share price has increased by 112% per year. Bekanntmachung • Aug 23
Pilbara Minerals Limited Provides Production Guidance for the Year 2023 Pilbara Minerals Limited provided production guidance for the year 2023. For the year 2023, the company expects Spodumene Concentrate production of 540-580,000 dmt. Bekanntmachung • Aug 18
Pilbara Minerals Limited to Report Fiscal Year 2022 Results on Aug 23, 2022 Pilbara Minerals Limited announced that they will report fiscal year 2022 results on Aug 23, 2022 Bekanntmachung • Aug 05
Pilbara Minerals Limited Announces Cessation of Kenneth Edward Brinsden as Director Pilbara Minerals Limited announced that the cessation of Kenneth Edward Brinsden as director. The date of cessation is July 30, 2022. Bekanntmachung • Jul 08
Pilbara Minerals Limited to Report Q4, 2022 Results on Jul 28, 2022 Pilbara Minerals Limited announced that they will report Q4, 2022 results on Jul 28, 2022 Bekanntmachung • Apr 12
Pilbara Minerals Limited Reaffirms Production Guidance for the Fiscal Year 2022 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. Bekanntmachung • Apr 06
Pilbara Minerals Limited to Report Q3, 2022 Results on Apr 28, 2022 Pilbara Minerals Limited announced that they will report Q3, 2022 results on Apr 28, 2022 Bekanntmachung • Mar 31
Pilbara Minerals Limited Advises Its Mid-Stream Value-Added Lithium Growth Strategy 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. Recent Insider Transactions • Mar 10
Non-Executive Director recently bought AU$103k worth of stock On the 2nd of March, Miriam Stanborough bought around 37k shares on-market at roughly AU$2.81 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold AU$6.5m more in shares than they bought in the last 12 months. Reported Earnings • Feb 25
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: EPS: AU$0.039 (up from AU$0.009 loss in 1H 2021). Revenue: AU$291.7m (up 394% from 1H 2021). Net income: AU$114.0m (up AU$135.2m from 1H 2021). Profit margin: 39% (up from net loss in 1H 2021). Revenue missed analyst estimates by 5.3%. Over the next year, revenue is forecast to grow 285%, compared to a 812% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Bekanntmachung • Feb 24
Pilbara Minerals Limited Announces Ken Brinsden Has Step Down as CEO Pilbara Minerals Limited has been advised by the Company's Managing Director and CEO, Ken Brinsden, of his intention to step down from the role by the end of 2022. Pilbara Minerals has commenced an executive search process for the Company's next CEO. Mr. Brinsden said he believed it was the right time for him to step back after what will be approximately seven years in the role as CEO of Pilbara Minerals. Bekanntmachung • Feb 15
Pilbara Minerals Limited to Report First Half, 2022 Results on Feb 23, 2022 Pilbara Minerals Limited announced that they will report first half, 2022 results on Feb 23, 2022 Bekanntmachung • Jan 31
Pilbara Minerals Limited Provides Production Guidance for the Year 2022 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). Recent Insider Transactions • Jan 01
MD, CEO & Director recently sold AU$416k worth of stock On the 24th of December, Kenneth Brinsden sold around 148k shares on-market at roughly AU$2.81 per share. This was the largest sale by an insider in the last 3 months. Kenneth has been a seller over the last 12 months, reducing personal holdings by AU$6.1m. Bekanntmachung • Dec 22
Pilbara Minerals Limited Provides Update on Ongoing Work Programs to Increase Spodumene Production At Its 100%-Owned Pilgangoora Project in Western Australia 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. Breakeven Date Change • Sep 23
Forecast to breakeven in 2022 The 6 analysts covering Pilbara Minerals expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$217.3m in 2022. Earnings growth of 55% is required to achieve expected profit on schedule. Reported Earnings • Aug 28
Full year 2021 earnings released: AU$0.02 loss per share (vs AU$0.047 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: AU$175.8m (up 109% from FY 2020). Net loss: AU$51.4m (loss narrowed 48% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jul 02
Independent Non-Executive Director recently sold AU$67k worth of stock On the 28th of June, Nicholas Cernotta sold around 45k shares on-market at roughly AU$1.50 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$484k more than they bought in the last 12 months. Bekanntmachung • Jun 25
Pilbara Minerals Limited Board Approves Ngungaju Plant Restart Pilbara Minerals Limited reported that it has taken further significant steps towards growing spodumene concentrate production at its 100%-owned Pilgangoora Project located in Western Australia. Following the Board's approval of the staged restart of the Ngungaju Plant, it is expected these operations will recommence during the December Quarter 2021, with annual production to be ramped up to approximately 180,000 to 200,000 dmt by mid calendar year 2022. This will see the combined annual production capacity of the Pilgangoora Project increase to 560,000 to 580,000 dmt. This represents a key milestone for Pilbara Minerals as it works towards maximising the value of its strategic and well-timed acquisition of the former Altura Lithium Operations. The restart will expand production capacity, increase the scale of operations and provide production flexibility as the Company looks to satisfy rapidly growing market demand. The integration of the two processing facilities (Pilgan and Ngungaju) and enlarged resource and pit inventories should provide significant operational synergies, enabling the Company to realise cost efficiencies across the operation over time. The estimated restart cost of $39 million (inclusive of plant modifications and operational readiness activities) is consistent with the Company's original valuation at the time of acquisition and are proposed to be incurred over approximately the next 12 months. The Company is likely to fund the cost of the re-start from existing cash, although consideration will be given to funding support via the potential restructure of the existing syndicated debt facility, provided favourable terms and conditions can be achieved. Capital development expenditure is largely focussed on Ngungaju plant modifications that support the adoption of Pilbara Minerals' Pilgan Plant flotation regime. Pilgan Plant now has a well-established track record of recovery performance through the combination of grind optimisation, process controls, free-iron removal, high intensity conditioning pre-flotation and optimised flotation reagent adoption. The majority of these optimisations and process learnings will now be deployed on the Ngungaju facility to materially rerate its overall lithia recovery performance as compared to its prior operation. Elsewhere, further investment will be applied to improve the crushing and materials handling aspects of the operation. Bekanntmachung • Jun 24
Pilbara Minerals Limited Announces Exploration and Development Drilling Along the Southern Corridor At Pilgangoora Delivers Further Exceptional Results Pilbara Minerals Limited reported further significant assay results from the current exploration and resource extension drilling program underway at its 100%-owned Pilgangoora Project in Western Australia. The drill program is targeting the under-explored region on the tenement boundary adjacent to the former Altura Lithium Operation (now known as the Ngungaju Plant and associated facilities), with the intention of optimising and growing the future pit inventory. Initial results from the program have identified zones of high-grade pegmatite mineralisation adjacent to the tenement boundary and future South Pit expansion area which is outside of the previously identified Mineral Resource. 10,158 drill metres completed with an extension to the initial program currently underway. Further promising assay results received for the first 32 Reverse Circulation holes of the 62-hole program, with select new intercepts indicating: 20m@ 1.83% Li2O and 36 ppm Ta2O5 from 28m (PLS1328), 12m @ 1.84% Li2O and 67 ppm Ta2O5 from 5m (PLS1330), 21m @ 1.28% Li2O and 62 ppm Ta2O5 from 25m (PLS1337), 32m @ 1.44% Li2O and 79 ppm Ta2O5 from 159m (PLS1337) and 44m@ 1.49% Li2O and 76 ppm Ta2O5 from 146m (PLS1341). New near surface pegmatite domain identified, suggesting a lower strip ratio within the potential mine pit inventory of the combined South Pit. Drilling continues, with an update to the Pilgangoora Project Mineral Resource on track for delivery in the September Quarter 2021. Reported Earnings • Feb 20
First half 2021 earnings released: AU$0.009 loss per share (vs AU$0.031 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: AU$59.1m (up 56% from 1H 2020). Net loss: AU$21.2m (loss narrowed 67% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Bekanntmachung • Jan 22
Pilbara Minerals Limited (ASX:PLS) completed the acquisition of Altura Lithium Operations Pty Ltd. Pilbara Minerals Limited (ASX:PLS) signed an implementation deed to acquire Altura Lithium Operations Pty Ltd. for approximately $180 million on October 26, 2020. Pilbara Minerals Limited entered into a share sale agreement to acquire Altura Lithium Operations Pty Ltd. on December 1, 2020. Under the terms of the transaction, Pilbara will pay an upfront cash consideration of approximately $160 million and a deferred consideration of $20 million upon the successful completion of the transaction and payable 12 months after the signing of the share sale agreement which will be paid through the issuance of approximately 69 million shares at an issue price of $0.29034 (AUD 0.40720). Pilbara Minerals has also proposed a deed of company arrangement to Clifford Rocke and Jeremy Nipps in their capacity as administrators of Altura, under which Pilbara Minerals will now contribute $4.42 million to a DOCA fund, principally in support of the entitlements owing to those Altura employees who have been made redundant by the receivers following the Altura Project being placed into care and maintenance to mitigate operational cash losses. The upfront cash consideration will be funded through a combination of future equity capital raising which is being supported by binding equity funding commitments from both AustralianSuper Pty Ltd in its capacity as trustee for AustralianSuper and Resource Capital Fund VII L.P. for a total of approximately $170 million (AUD 240 million) and and existing cash reserves.
The transaction is subject to approval of the DOCA Proposal at a meeting of ALO creditors during December 2020 and completion thereafter of the proposed $170 million (AUD 240 million) equity raising by Pilbara Minerals Limited. The second creditors meeting at which creditors will vote on the DOCA Proposal is expected to occur on or before December 11, 2020. The senior secured loan noteholders of Altura have agreed to vote in favour of the DOCA Proposal. If the DOCA Proposal is not approved, under the implementation agreement announced on October 28, 2020, Pilbara Minerals Limited and the loan noteholders have agreed to proceed with Pilbara Minerals Limited acquisition of the Altura Project by changing from a share sale agreement to an asset sale agreement with the receiver. Completion of the asset sale is not conditional on the DOCA Proposal being approved.
Assuming Pilbara Minerals Limited is successful in acquiring the Altura Project through the receivership process, Pilbara Minerals Limited would then expect that the share sale agreement would be executed in early December 2020. The implementation deed contains a break fee equal to 2% of total consideration, which is payable both ways in certain circumstances. As of December 11, 2020, the creditors of Altura Lithium Operations Pty Ltd has approved the transaction at the second meeting of creditors. As of December 14, 2020, Pilbara completed the equity raising and launched entitlement offer. As of December 16, 2020, completed institutional entitlement offer. Total of approximately $45.97 million raised under the Institutional Entitlement Offer at $0.27 per New Share following on from the recently completed cornerstone placement of $89.69 million. Retail Entitlement Offer to raise approximately a further $45.22 million completing an overall equity funding package of $180 million. Retail Entitlement Offer to be open from December 18, 2020 to January 11, 2021.The DOCA has been signed by Pilbara Minerals Limited, Altura Lithium Operations, the Receivers and Clifford Rocke and Jeremy Nipps in their capacity as administrators of Altura Lithium Operations. As of January 14, 2021, completion of transaction is scheduled to take place on or before January 22, 2021. Macquarie Capital (Australia) Limited acted as financial advisor while Geoff Simpson of Allen & Overy acted as legal advisor to Pilbara Minerals in the transaction. KordaMentha has been appointed as receiver of Altura Mining Limited.
Pilbara Minerals Limited (ASX:PLS) completed the acquisition of Altura Lithium Operations Pty Ltd. on January 20, 2021. Bekanntmachung • Jan 06
Pilbara Minerals Limited Announces Record Shipments for the December Quarter 2020 Pilbara Minerals Limited announced record shipments for the December Quarter 2020 (the Quarter) of 70,609 dry metric tonnes (dmt) of spodumene concentrate delivered to offtake partners. This exceeds previous sales guidance for the Quarter, which forecast shipments to be in the range of 55,000 to 70,000 dmt of spodumene concentrate. This record achievement represents a 38% increase on shipments for the previous quarter (43,630 dmt of spodumene concentrate for the September Quarter 2020) and is well above the previous shipment record of 46,682 dmt of spodumene concentrate achieved by the Company in the December Quarter 2018. Is New 90 Day High Low • Dec 23
New 90-day high: AU$0.89 The company is up 181% from its price of AU$0.32 on 25 September 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$1.77 per share. Bekanntmachung • Dec 15
Pilbara Minerals Limited announced that it has received AUD 118.896532 million in funding from RCF Management, LLC, AustralianSuper Pty. Ltd. On December 14, 2020, Pilbara Minerals Limited (ASX:PLS) closed the transaction. Bekanntmachung • Dec 14
Pilbara Minerals Limited (ASX:PLS) completed the acquisition of Altura Lithium Operations Pty Ltd. from Altura Mining Limited (ASX:AJM). Pilbara Minerals Limited (ASX:PLS) signed an implementation deed to acquire Altura Lithium Operations Pty Ltd. from Altura Mining Limited (ASX:AJM) for approximately $180 million on October 26, 2020. Pilbara Minerals Limited entered into a share sale agreement to acquire Altura Lithium Operations Pty Ltd. from Altura Mining Limited (ASX:AJM) on December 1, 2020. Under the terms of the transaction, Pilbara will pay an upfront cash consideration of approximately $160 million and a deferred consideration of $20 million upon the successful completion of the transaction and payable 12 months after the signing of the share sale agreement which will be paid through the issuance of approximately 69 million shares at an issue price of $0.29034 (AUD 0.40720). Pilbara Minerals has also proposed a deed of company arrangement to Clifford Rocke and Jeremy Nipps in their capacity as administrators of Altura, under which Pilbara Minerals will now contribute $4.42 million to a DOCA fund, principally in support of the entitlements owing to those Altura employees who have been made redundant by the receivers following the Altura Project being placed into care and maintenance to mitigate operational cash losses. The upfront cash consideration will be funded through a combination of future equity capital raising which is being supported by binding equity funding commitments from both AustralianSuper Pty Ltd in its capacity as trustee for AustralianSuper and Resource Capital Fund VII L.P. for a total of approximately $170 million (AUD 240 million) and and existing cash reserves.
The transaction is subject to approval of the DOCA Proposal at a meeting of ALO creditors during December 2020 and completion thereafter of the proposed $170 million (AUD 240 million) equity raising by Pilbara Minerals Limited. The second creditors meeting at which creditors will vote on the DOCA Proposal is expected to occur on or before December 11, 2020. The senior secured loan noteholders of Altura have agreed to vote in favour of the DOCA Proposal. If the DOCA Proposal is not approved, under the implementation agreement announced on October 28, 2020, Pilbara Minerals Limited and the loan noteholders have agreed to proceed with Pilbara Minerals Limited acquisition of the Altura Project by changing from a share sale agreement to an asset sale agreement with the receiver. Completion of the asset sale is not conditional on the DOCA Proposal being approved.
Assuming Pilbara Minerals Limited is successful in acquiring the Altura Project through the receivership process, Pilbara Minerals Limited would then expect that the share sale agreement would be executed in early December 2020. The implementation deed contains a break fee equal to 2% of total consideration, which is payable both ways in certain circumstances. As of December 11, 2020 the creditors of Altura Lithium Operations Pty Ltd has approved the transaction at the second meeting of creditors. As of December 14, 2020 completed the equity raising of AUD 240 million comprising, AUD 119 million placement and AUD 121 million shares 1 for every 7.6 fully underwritten resulting in 337 million shares in Pilbara Minerals issued at AUD 0.36per share. The DOCA has been signed by Pilbara Minerals Limited, Altura Lithium Operations, the Receivers and Clifford Rocke and Jeremy Nipps in their capacity as administrators of Altura Lithium Operations. Macquarie Capital (Australia) Limited acted as financial advisor while Allen & Overy acted as legal advisor to Pilbara Minerals in the transaction. KordaMentha has been appointed as receiver of Altura Mining Limited.
Pilbara Minerals Limited (ASX:PLS) completed the acquisition of Altura Lithium Operations Pty Ltd. from Altura Mining Limited (ASX:AJM) on December 14, 2020. Is New 90 Day High Low • Dec 04
New 90-day high: AU$0.77 The company is up 125% from its price of AU$0.34 on 04 September 2020. The Australian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.35 per share. Recent Insider Transactions • Nov 28
MD, CEO & Director recently sold AU$417k worth of stock On the 24th of November, Kenneth Brinsden sold around 600k shares on-market at roughly AU$0.69 per share. This was the largest sale by an insider in the last 3 months. This was Kenneth's only on-market trade for the last 12 months. Is New 90 Day High Low • Nov 07
New 90-day high: AU$0.44 The company is up 8.0% from its price of AU$0.41 on 07 August 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.36 per share. Is New 90 Day High Low • Oct 22
New 90-day high: AU$0.41 The company is up 15% from its price of AU$0.35 on 24 July 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$2.86 per share. 
