Pilgangoora Ore Reserve increases 31% in contained lithium

Summary by 6ix AI

PLS Group Limited has announced a significant increase in the Ore Reserve for its Pilgangoora Operation, following the completion of feasibility studies, which enhances the development strategy for the orebody. The updated Ore Reserve reflects a substantial increase in contained lithium, with the addition of a maiden Underground Ore Reserve beneath existing open pits. This update supports a long-term production base and increased processing rates, demonstrating the scale and longevity of the Pilgangoora orebody. The announcement also includes an updated Mineral Resource assessment, which has been categorized into open pit, stockpile, and underground components.

Written by 6ix AI from the company’s filing. How 6ix writes summaries