Pilbara Minerals Ltd traded at 5.71 this Thursday April 16th, increasing 0.32 or 5.94 percent since the previous trading session. Looking back, over the last four weeks, Pilbara Minerals gained 22.27 percent. Over the last 12 months, its price rose by 299.30 percent. Looking ahead, we forecast Pilbara Minerals Ltd to be priced at 5.25 by the end of this quarter and at 4.94 in one year, according to Trading Economics global macro models projections and analysts expectations.
Pilbara Minerals Limited is an Australia-based lithium company. The Company is primarily engaged in the exploration, development, and mining of minerals in Australia. Its 100% owned Pilgangoora hard-rock lithium operation is located approximately 120 kilometers (kms) from Port Hedland in Western Australia’s resource-rich Pilbara region. The operation consists of two processing plants: the Pilgan Plant, located on the northern side of the Pilgangoora area and produces spodumene and tantalite concentrates, and the Ngungaju Plant is located to the south produces spodumene concentrate. It owns 70% of the Mt Francisco project, which is located 50 km south-west of the Pilgangoora Project and hosts the large occurrence of outcropping pegmatites located nearby to Port Hedland. It is also pursuing a proposed downstream joint venture (JV) for the development of an approximately 43,000 tons per annum (tpa) lithium carbonate equivalent (LCE) lithium chemical conversion facility in South Korea.