Pilbara Minerals Limited (AU:PLS) has released an update.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Pilbara Minerals Limited has announced a promising pre-feasibility study result, which could see its Pilgangoora Operation’s production capacity expand to over 2 million tonnes per annum. This expansion, dubbed the P2000 Project, is projected to significantly increase spodumene concentrate output for the first ten years, enhancing the company’s stature as a leading lithium supplier. The project’s incremental net present value is estimated at $2.6 billion, with an impressive internal rate of return of 55%, positioning Pilbara Minerals for strategic partnership and funding opportunities.
For further insights into AU:PLS stock, check out TipRanks’ Stock Analysis page.