Pilbara Minerals Ltd (ASX:PLS)

Company's Profile

Pilbara Minerals Limited is an Australian lithium company that specializes in mineral exploration, development, and mining. The company's primary asset is the Pilgangoora hard-rock lithium operation, located in the Pilbara region of Western Australia. This flagship operation is fully owned by Pilbara Minerals and is situated around 120 kilometers from Port Hedland. The Pilgangoora operation consists of two processing plants: the Pilgan Plant, which produces spodumene and tantalite concentrates, and the Ngungaju Plant, which focuses on spodumene concentrate production. In addition to the Pilgangoora Project, Pilbara Minerals holds a 70% stake in the Mt Francisco project. This project is positioned 50 kilometers southwest of the Pilgangoora Project and is known for its significant outcropping pegmatites, located in close proximity to Port Hedland. Furthermore, Pilbara Minerals is actively pursuing a proposed joint venture for a downstream project in South Korea. The aim of this venture is to establish a lithium chemical conversion facility with a capacity of approximately 43,000 tons per annum of lithium carbonate equivalent (LCE). The facility will be dedicated to converting lithium concentrates into higher-value lithium chemical products.