Pilbara Mineral’s stock has moved up 12% on September 14, 2017
Stock surging high with Pilgangoora project acceleration: With the latest developments and Pilgangoora project update, Pilbara Mineral’s stock has moved up 12% on September 14, 2017. In line with its expedited construction schedule, PLS is targeting commencement of shipments of spodumene concentrate in the second quarter of 2018 as its Stage 1, 2Mtpa project advances rapidly towards first production at Pilgangoora. Initial work has also already commenced on the previously foreshadowed Stage 2 expansion to 5Mtpa, given the exceptionally robust outlook for the lithium market. Further, in consideration of the near-term transition to ongoing operations, Pilbara has secured the appointment of highly experienced mining executive Dale Henderson in the role of Project Director to deliver the balance of the Stage 1 construction, and establish Pilbara’s operational readiness. Company is well placed to meet this near-term and future demand for raw materials for the burgeoning lithium-ion global supply chain. The stock has moved up 28.2% in the last one month, while it is down 4.8% in the past one year (as of September 13, 2017).
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