Fe Limited to proceed with earn-in of Macarthur lithium and gold tenements in Pilbara
The decision follows successful due diligence on the package with stage I exploration to begin.
Company
ASX:PLS
Pilbara Minerals Ltd (ASX:PLS) is listed on the Australian Securities Exchange.
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The decision follows successful due diligence on the package with stage I exploration to begin.
The company is focused on developing its Butcherbird Manganese Project in Western Australia.
Sophisticated investors participated in the company’s shortfall placement to the value of $472,000.
Notably, the advisory group has worked on financing for a number of Pilbara region projects.
The company is acquiring two highly prospective lithium projects in the Pilbara region.
The 1,600 square kilometres of tenements are in proximity to numerous known hard rock lithium and gold deposits.
Investments and investor services
Wesfarmers (ASX:WES) has lobbed a $1.90 cash bid to acquire Kidman Resources (ASX:KDR).
Materials, energy and financials were the biggest contributors to advances on the ASX.
Recent lithium deposit discoveries have made this region one of the hottest in the electric vehicle battery space.
The Roskill-hosted conference gathered lithium analysts, industry leaders and investors to discuss new developments and current projects in the industry.
The conference will be held at the Parmelia Hilton in Perth this Thursday and Friday, February 21 and 22.
The lithium price faces a slow downward trend to 2022 as the market shifts into a supply surplus in 2019.
Researchers will be creating capacity and capability to leverage the global battery metals boom as focus is shifted to new energy systems.
The two-day Technology and Low Emission Minerals Conference featured many of Australia’s emerging resource companies focused on sustainable operations and new energy minerals.
The drilling was designed to confirm previous high-grades results and to determine the distribution and percentages of lithium-bearing minerals.
Keynote speaker the Hon Bill Johnston MLA told the conference that new and renewable energy technologies represent a once-in-a-generation opportunity for WA.
The conference will be held at the Westin Hotel in Perth next Tuesday and Wednesday, November 13 and 14.
Pilbara Minerals expects its output to be loaded at Port Hedland port later this week.
The company's managing director recently met with the new San Luis mining secretary.
Presenters at this year’s Diggers and Dealers Mining Forum in Kalgoorlie in the Western Australian Goldfields looked at the question of growth, and whether to focus on acquiring new projects or explore to increase production.