Pilbara Minerals (ASX: $PLS) June 2024 Quarterly Activities Report

Pilbara Minerals Limited (ASX: $PLS) has released its June 2024 Quarterly Activities Report, showcasing a record production volume of 226.2 thousand dry metric tonnes of spodumene concentrate. The report also highlights a strong balance sheet position with a June Quarter end cash balance of $1.6B.

Executive Commentary on June 2024 Quarterly Activities

The Company is pleased to confirm that it has delivered FY24 results which meet or exceed guidance provided to the ASX for production volume, unit operating cost (FOB), and capital expenditure. The commencement of construction of the mid-stream demonstration plant at Pilgangoora Operation and the release of the P2000 pre-feasibility study are significant milestones. The Company's expansion plans and ongoing operational improvements position us for continued success in FY25.

Summary of June 2024 Quarterly Activities Report

Pilbara Minerals' June 2024 Quarterly Activities Report demonstrates a robust operational performance with record production volume and improved financial metrics. The Company's strong balance sheet position and successful FY24 guidance outcomes reflect its commitment to operational excellence. Looking ahead, the Company's expansion plans for FY25, including the P680 crushing and ore sorting facility and the P1000 Project, indicate a positive outlook for continued growth and efficiency. The release of the P2000 pre-feasibility study underscores the Company's ambitions for significant shareholder value and its position as a leading lithium producer globally. Pilbara Minerals remains focused on driving sustainable growth and delivering value to its stakeholders.