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    PLS   AU000000PLS0

PILBARA MINERALS LIMITED

(PLS)
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Pilbara Minerals Limited : - Results of Second BMX Auction

09/15/2021 | 11:07am EDT

Pilbara Minerals Limited ('Pilbara Minerals' or the 'Company': ASX: PLS) is pleased to update the market on the results of its second spodumene concentrate digital auction held via its Battery Material Exchange (BMX) this afternoon.

As with the inaugural auction, there was strong interest in both BMX platform participation and bidding within the auction.

Pilbara Minerals intends to accept the highest bid of US$2,240/dmt (SC5.5, FOB Port Hedland basis) for the intended 8,000dmt cargo. On a pro rata lithia basis inclusive of freight costs this is approximately equivalent to a price of USD$2,500/dmt (SC6.0, CIF China basis).

Pursuant to the terms of the auction, the bidder is now required to enterinto a sales contract with the Company in the coming days which requires a letter of credit to be presented.

Ship loading is expected November. Given the strong margins yielded through the BMX trading platform to date, Pilbara Minerals expects to channel more concentrate sales through the platform, including concentrate generated from the recommencement of the Ngungaju processing plant.

Contact:

Ken Brinsden

Tel: +61 (0)8 6266 6266

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2022 729 M 544 M 544 M
Net income 2022 259 M 193 M 193 M
Net cash 2022 274 M 205 M 205 M
P/E ratio 2022 19,1x
Yield 2022 0,42%
Capitalization 6 206 M 4 637 M 4 632 M
EV / Sales 2022 8,14x
EV / Sales 2023 5,81x
Nbr of Employees 109
Free-Float 79,3%
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Mean consensus HOLD
Number of Analysts 6
Last Close Price 2,09 AUD
Average target price 2,31 AUD
Spread / Average Target 10,4%
EPS Revisions
Managers and Directors
Kenneth Edward Brinsden Chief Executive Officer, MD & Executive Director
Brian Lynn Chief Financial Officer
Anthony William Kiernan Non-Executive Chairman
Dale Henderson Chief Operating Officer
Stephen John Scudamore Independent Non-Executive Director
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