Pilbara Minerals boss Dale Henderson says moving down the value chain is a ‘no-brainer' but the lithium success story will stop short of pushing all the way to full-scale battery production.
WA lithium miner Pilbara Minerals has become the latest beneficiary of the federal government's $3.9 billion NAIF funding shower, scoring $250 million across two loans to grow its operations.
Pilbara Minerals is on track to submit a final investment decision for a Pilgangoora expansion before the end of the year, as it closes another consecutive quarter of growth.
Growing demand for lithium raw materials has boosted Pilbara Minerals' sales revenues by more than $1 billion in 12 months, delivering the company's first full-year profit.
Pilbara Minerals will forge ahead with a $298 million expansion of its Pilgangoora lithium project to supercharge production capacity and keep pace with growing market demand.
Pilbara Minerals says its latest sale of spodumene concentrate defies recent suggestions the market for battery metals has peaked but it did nothing to reverse a sharp slide in lithium stocks.
Our board moves wrap includes Henko Vos, Deborah Ho, Michael Schmulian, Thomas Abraham-James, Ron Mitchell, Michael Rosenstreich, Dale Henderson, Ken Brinsden, Warren Hallam, Adam Lamond, and Michael Shirley.
Our board moves wrap includes Michelle Hinchliffe, Chris Hunt, Matthew Worner, Denise McComish, Dale Henderson, Mick McMahon, Ian Brannan, Harley Whitcombe, and David Welch.
