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Pilbara Minerals ( (AU:PLS) ) has shared an announcement.
Pilbara Minerals has announced the completion of the Colina Mineral Resource estimate, following its acquisition of Latin Resources Limited. The estimate, which aligns with Pilbara’s reporting requirements, includes a total measured, indicated, and inferred mineral resource of 70.9 million tonnes at a grade of 1.25% lithium oxide, containing 890,000 tonnes of lithium oxide. This development is expected to enhance Pilbara’s resource base and strengthen its position in the lithium market, with further exploration drilling activities planned to potentially expand the resource base.
The most recent analyst rating on (AU:PLS) stock is a Buy with a A$2.70 price target. To see the full list of analyst forecasts on Pilbara Minerals stock, see the AU:PLS Stock Forecast page.
More about Pilbara Minerals
Pilbara Minerals Limited is a company operating in the mining industry, focusing on the extraction and production of lithium, a key component in battery manufacturing. The company has a market focus on lithium resources, which are essential for the growing electric vehicle and renewable energy sectors.
YTD Price Performance: -3.65%
Average Trading Volume: 51,517,185
Technical Sentiment Signal: Buy
Current Market Cap: A$6.79B
For detailed information about PLS stock, go to TipRanks’ Stock Analysis page.