Pilbara Minerals Limited (ASX: PLS) – $0.022

28 Jul 2014

Pilbara Minerals has completed the acquisition of the Pilgangoora Tantalum-Lithium Project located 150km southeast of Port Hedland in Western Australia.

The Pilgangoora Project comprises five tenements covering an area of 31km2 and is prospective for tantalum and lithium mineralisation. The project is located 25km from the Wodgina Tantalum Mine and north of the Pilgangoora Lithium Deposit with a JORC Resource of 25.2 million tonnes at 1.23% Li2O.

The resource comprises 5.5 million pounds of contained tantalum and 87,000 tonnes of contained lithium. The company plans to commence drilling soon to further define mineralisation and upgrade the resource.

For further information, visit www.pilbaraminerals.com.au

 

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