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PLS Group ( (AU:PLS) ) has shared an announcement.
PLS Group has begun commissioning its Mid-Stream Demonstration Plant at Pilgangoora after securing up to $38.1 million in ARENA grant funding, completing a restructuring to take full ownership and signing a lithium phosphate offtake agreement with leading cathode maker Ronbay. The plant will test lower-carbon, lithium-enriched mid-stream processing using electric flash calcination, aiming to produce about 3,000 tonnes of lithium phosphate a year from 27,000 tonnes of spodumene concentrate, potentially improving margins, simplifying governance and positioning PLS closer to the cathode end of the battery supply chain if validation proves successful.
The most recent analyst rating on (AU:PLS) stock is a Buy with a A$5.20 price target. To see the full list of analyst forecasts on PLS Group stock, see the AU:PLS Stock Forecast page.
More about PLS Group
PLS Group Limited is an ASX-listed lithium producer focused on hard-rock resources at its Pilgangoora Operation in Western Australia. The company is expanding beyond spodumene concentrate into intermediate chemical products such as lithium phosphate, targeting greater onshore value-add and deeper participation in global battery and electric vehicle supply chains.
Average Trading Volume: 27,417,534
Technical Sentiment Signal: Buy
Current Market Cap: A$18.98B
For an in-depth examination of PLS stock, go to TipRanks’ Overview page.