Study backs Pilbara lithium mine’s potential

Original article by Paul Garvey
The Australian – Page: 20 : 11-Mar-16

A pre-feasibility study released by Australian-listed Pilbara Minerals is upbeat about the potential of the group’s Pilgangoora lithium project. The study concluded that the mine could yield 330,000 tonnes of spodumene concentrate a year, with production costs of about $US205 per tonne. The study also forecasts that the project would have annual EBITDA of $A120m. The spot price of spodumene concentrate currently exceeds $US600 per tonne.

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PILBARA MINERALS LIMITED – ASX FTN, TESLA MOTORS INCORPORATED, ATLAS IRON LIMITED – ASX AGO, FOSTER STOCKBROKING PTY LTD

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