News Articles for PLS Group

Iron ore miner Fortescue Metals Group has named non-executive director and former Helloworld and Heytesbury executive, Elizabeth Gaines, as its new chief financial officer.

Mineral explorers often stumble over approvals when it comes to getting into development. Pilbara Minerals however are showing how it's done with news of several key approvals, including an all-important Native Title agreement this week for their giant Pilgangoora Lithium mine. Project permiting is expected in Q1 2017 with first ore shipped by July 2017.

Pilbara Minerals' rapid rise reached a key milestone this week with the start of earthworks at Pilgangoora, one of the world's largest Lithium development projects. The news coincided with the company's AGM where shareholders were told how their company had achieved remarkable growth from a market cap of just $11 million two years ago to $700 million today.

Pilbara Minerals has further bolstered its board with the appointment of Fortescue Metals Group director of operations Nick Cernotta as an independent non-executive director.

Pilbara Minerals' Pilgangoora Lithium deposit is growing like topsy, with the ASX-listed Lithium developer flagging another reserve upgrade after releasing exceptional results from the latest drilling program. The looming upgrade, would strengthen Pilbara Minerals' case for doubling mine throughout and dramatically improving the economics of an already lucrative project.

SPECIAL REPORT: The detailed reporting of remuneration by listed companies means it should be easy to determine the state's best-paid chief executive, but the reality is more complicated.

SPECIAL REPORT: Gold Road Resources could be the next gold junior to make it into the mid tier after its recent moves on the Gruyere project.

In a sure fire sign that the Chinese are becoming insatiable for our Lithium and will take it any way they can get it, Pilbara Minerals have signed a deal with a Chinese Lithium Carbonate manufacturer to supply direct shipping ore straight out of their Pilgangoora mine near Port Hedland without it even being processed - and the Chinese will pre-pay $10m for the privilege.

Shares in Pilbara Minerals have surged on news the company has locked in a second offtake agreement for its Pilgangoora lithium project.

Altura Mining has followed the example of neighbouring lithium project developer, Pilbara Minerals, by purchasing a mothballed mine camp from Roy Hill Holdings.

Pilbara Minerals have snapped up the 300-person Roy Hill Rail Camp in a deal that symbolises the emergence of Lithium as the new iron ore of the Pilbara. The camp is surplus to Roy Hill's needs and located only 90km south of the Pilgangoora Lithium project which means capital cost savings for Pilbara Minerals and a terrific boost to plans to fast-track development.

Aspiring lithium miner Pilbara Minerals has agreed to purchase Roy Hill Holdings' dormant 300-person camp facility for use at its Pilgangoora project for an undisclosed sum.

Mineral Resources and Pilbara Minerals have resolved their offtake dispute for the Pilgangoora lithium project, with MinRes to surrender its entitlements in return for a $50 million stake in Pilbara.

Pilbara Minerals has announced the purchase of several long-lead items for its Pilgangoora lithium project to remain on track with its planned commissioning date next year.

You know you're onto something when you cant even find a spot to build your mine because you keep discovering more Lithium under areas designated for mining infrastructure. Such is the predicament of Pilbara Minerals who are strugging to find a non-mineralized spot to build their mine.

If Lithium is the new iron ore for W.A, then Pilbara Minerals are potentially the new Rio Tinto. The company is already sitting on arguably the largest Lithium resource in the world and they have just dramatically expanded their footprint in the Pilgangoora lithium district by paying $8m for Dakota Minerals' neighboring Lynas Find project covering 268 sq km's.

Pilbara Minerals plans to expand its Pilgangoora lithium portfolio with the acquisition of Dakota Minerals' Lynas Find project for up to $8 million.

Lithium projects in Western Australia are set to inject almost $1 billion of new investment into the state's economy as the past year's surge in commodity prices and stock valuations turn into tangible commercial benefits.

Mineral Resources and Pilbara Minerals continue to lock horns over an offtake agreement for lithium mined at the Pilgangoora project, with the companies exchanging words over the ASX today.

Well its official – Lithium mining is very lucrative and the hype surrounding the industry is real and justified. Pilbara Minerals had the market sitting upright with eyes and ears at the ready this week when they released their stunning financial projections for what could be the world's largest Lithium mine just 100km south of Port Hedland in W.A.

Pilbara Minerals boss Ken Brinsden said today there was a reasonable chance the company would double the production capacity at its Pilgangoora lithium project, after releasing a definitive feasibility that confirmed the positve economics of its base-case development.

The global Lithium industry will be sitting on the edge of their chairs later this month when Pilbara Minerals tells the market just how much money you can make out of the largest reported Lithium resource in the world. The company has flagged the impending release of their highly anticipated definitive feasibility study into the giant Pilgangoora Lithium project in the north of W.A.

ASX-listed resources hopeful Lithium Australia has scored a $50,000 commercialisation grant from the federal government for a process the company has developed to process lithium.

A Chinese company with a majority stake in world's largest hard rock lithium mine will seek development assessment panel approval on Wednesday for a $300 million processing facility in Kwinana.

Pilbara Minerals has shortlisted three engineering consortia for construction of the processing infrastructure at its Pilgangoora lithium development, while also appointing Engenium to assist in delivery of the project.

Getting along with your neighbours is always good policy, especially in the mining game when you have common tenements sitting on the same ore body. Pilbara Minerals and Altura Mining have led the way at Pilgangoora in the north west of W.A with a new agreement to share infrastructure and support each others tenure.

Pilbara Minerals have more than doubled their ore reserves at Pilgangoora in WA, paving the way for the world's biggest lithium project to get even bigger. A 136% increase in reserves has more than doubled the life of the planned mine to 35 years and prompted studies to double output after mining begins in late 2017.

SPECIAL REPORT: Lithium stocks led by Pilbara Minerals and Galaxy Resources have seized the opportunities presented by the commodity's surge.

SPECIAL REPORT: The dramatic rise and fall of iron ore producers and the recent surge in gold and lithium stocks have been highlighted by a historic review of WA's major listed companies.

SPECIAL REPORT: Mining stocks are again leading the way in shareholder returns, but this time it's not the iron ore players doing the business.

In the Lithium business it can be very profitable to own a mine, however, turning that Lithium into battery grade chemicals, commonly known as downstream processing, can be even more lucrative. Market darling Pilbara Minerals have given a hint of their medium term strategy after signing an MOU to move into the Lithium downstream processing business with the Chinese.

Lithium hopeful Pilbara Minerals has scored an $18 million equity injection, offtake agreement and downstream processing deal with an unnamed Chinese company.

Auroch Minerals announced that Dr. Andrew Tunks has committed to a full-time role as Auroch CEO.

Senior mining figures Peter Bilbe and Anthony Kiernan have joined the boards of local companies Intermin Resources and Pilbara Minerals respectively.

Gold miner Perseus Mining has announced the biggest capital raising by a Western Australian company for the year, topping the likes of Pilbara Minerals and Gold Road Resources.

A stubbornly low market price and the growing focus on renewables have WA's fledgling uranium sector on the ropes.

SPECIAL REPORT: There's no doubt the boom has come to an end, but plenty of opportunities and projects remain in play.

Gold Road Resources has announced the second-largest capital raising by a Western Australian company for the year, which it will use to fund ongoing work at its Gruyere gold project near Laverton.

ANALYSIS: Worldwide demand for lithium is rising and more than 20 companies in WA are on board for the ride.

SPECIAL REPORT: A flurry of deals over the past fortnight, including four acquisitions by international companies expanding in Western Australia and the year's largest capital raising, has added life to a flat corporate finance market.