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Pilbara Minerals Limited ( (AU:PLS) ) has shared an update.
Pilbara Minerals Limited has completed the investment phase of its Pilgangoora P680 and P1000 projects and is now focusing on optimizing operations and reducing unit operating costs. With a strong cash balance of $1.1 billion and an undrawn credit facility of $625 million, the company is strategically positioned in the market, benefiting from exposure to established and ex-China supply chains and a flexible operating platform.
More about Pilbara Minerals Limited
Pilbara Minerals Limited is a global supplier of lithium materials, focusing on the production and development of lithium projects. The company operates the Pilgangoora lithium-tantalum project, which is a tier 1 producing asset with a mine life of approximately 33 years, and owns the Colina Project.
YTD Price Performance: -34.85%
Average Trading Volume: 45,379
Technical Sentiment Signal: Buy
Current Market Cap: $2.89B
Find detailed analytics on PLS stock on TipRanks’ Stock Analysis page.