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24 stories mentioning ASX:PLSUpdated 17h ago

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Asia

PLS Group Posts Lower June Quarter Spodumene Production, Higher Sales

PLS Group (ASX:PLS) said June quarter production was 214,300 tonnes of spodumene concentrate, and sales were 249,900 tonnes at a realized price of $2,107 per tonne, generating revenue of AU$743 million, according to a Thursday Australian bourse filing.In the same period last year, the company produced 221,300 tonnes and sold 216,000 tonnes at a realized price of $599 per tonne, generating revenue of AU$193 million, an earlier filing showed.The company said closing cash was AU$2.29 billion with total liquidity of AU$2.79 billion.September quarter 2026 production volumes are expected to be lower than the rest of fiscal 2027 as the Ngungaju plant ramps up, with the plant expected to achieve a normalized run rate within the first four months of fiscal 2027, while fiscal 2027 spodumene production is guided at 1 million to 1.1 million tonnes, the filing added.The company's shares rose almost 1% in recent Thursday trade.

ASX:PLS
Asia

Lycopodium Wins AU$22 Million Detailed Engineering Contract for PLS Group Unit's Western Australia Expansion Project

Lycopodium (ASX:LYL) was awarded a detailed engineering services contract by Pilgangoora Operations, a unit of PLS Group (ASX:PLS), for the design of the wet plant to progress to final investment decision for the P2000 expansion project in Western Australia, according to a Wednesday Australian bourse filing.The contract is valued at about AU$22 million, with work commencing immediately, the filing said.Lycopodium's shares rose 1% in recent Wednesday trade, while PLS Group's shares added about 2%.

ASX:LYLASX:PLS
Asia

Lithium Miners' Shares Fall as Lithium Prices Drop

Shares of Liontown Resources (ASX:LTR) fell past 3%, while those of Mineral Resources (ASX:MIN) and PLS Group (ASX:PLS) fell over 2% following the lower price of lithium.The Bloomberg Global Commodity Lithium Index dropped over 5% to $92.28, the biggest one-day fall since the start of the conflict between the US and Iran.

ASX:LTRASX:MINASX:PLS
Research

Morgans Financial Upgrades PLS Group to Hold From Trim; Price Target is AU$4.80

PLS Group (ASX:PLS) has an average rating of hold and mean price target of AU$5.74, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

ASX:PLS
Asia

PLS Group, Mineral Resources' Western Australia Lithium Operations Poised to Exceed Consensus Fiscal Q4 Forecasts, Jefferies Says

PLS Group's (ASX:PLS) Pilgangoora operation and Mineral Resources' (ASX:MIN) Wodgina and Mt Marion mines, all located in Western Australia, are expected to post strong results in the fiscal fourth quarter, Jefferies said in a Wednesday note, citing Port Hedland and Esperance lithium shipping data.Jefferies raised its sales forecasts for Wodgina and Mt Marion while slightly reducing the estimate for Pilgangoora, but expects all three to exceed consensus amid a drawdown of elevated site inventories.Wodgina shipments attributable to Mineral Resources exceeded consensus estimates through the fiscal third quarter. The momentum is expected to continue into fiscal Q4, Jefferies said, adding that attributable shipments at Mt Marion also remain strong."While [fiscal Q4] performance is strong, we are cautious on extrapolation, particularly at Mt Marion, given rising capitalized stripping into [fiscal year 2027]," the equity research firm said.It added that both PLS Group and Mineral Resources are well positioned versus guidance on the back of strong production across all assets, coupled with supportive commodity pricing.Jefferies maintained a hold rating on Mineral Resources with a price target of AU$65. It kept a buy rating on PLS Group while lowering the company's price target to AU$6.50 from AU$6.70.

ASX:MINASX:PLS
Asia

PLS Group's Capex Approval Could Help Accelerate Western Australia Lithium Project, Jefferies Says

PLS Group's (ASX:PLS) approval of AU$175 million of pre-final investment decision capital expenditure gives it the ability to fast-track the P2000 lithium operation in Western Australia while maintaining project optionality, Jefferies said in a Friday note.Strong shipments for the fiscal fourth quarter so far indicate the successful unwinding of the previous quarter's record production into a resilient price environment, the equity research firm said.PLS is targeting first ore at P2000 in mid-2029, one year ahead of Jefferies' initial expectations of mid-2030, following a final investment decision expected in the third quarter of fiscal 2027."PLS maintains elastic production capability and a clearly defined growth pipeline," the investment firm said, adding that it continues to hold a constructive long-term view on the company, supported by supply/demand dynamics and strong operational fundamentals.Jefferies reiterated its buy rating on PLS with a price target of AU$6.70.PLS Group's shares were down nearly 1% in recent Monday trade.

ASX:PLS
Asia

Update: PLS Group Approves AU$175 Million Pre-FID Capital Expenditure for P2000 Project; Shares Fall 3%

(Updates to add stock movement in the headline and the last paragraph)PLS Group (ASX:PLS) said it has approved pre-final investment decision (pre-FID) capital expenditure of about AU$175 million to provide optionality to advance the P2000 project at its Pilgangoora Operation in Western Australia, according to a Friday Australian bourse filing.The company said the pre-FID spending helps position it to deliver a final investment decision in the December quarter, which, if sanctioned by the board, is expected to target first ore in mid-2029.The expenditure comprises about AU$100 million for processing plant procurement and engineering, about AU$60 million for on-site early works and operational preparation, and about AU$15 million for Wodgina Road East infrastructure and seasonal window execution, it added.The company's shares fell 3% in recent Friday trade.

ASX:PLS
Asia

PLS Group Approves AU$175 Million Pre-FID Capital Expenditure for P2000 Project

PLS Group (ASX:PLS) said it has approved pre-final investment decision (pre-FID) capital expenditure of about AU$175 million to provide optionality to advance the P2000 project at its Pilgangoora Operation in Western Australia, according to a Friday Australian bourse filing.The company said the pre-FID spending helps position it to deliver a final investment decision in the December quarter, which, if sanctioned by the board, is expected to target first ore in mid-2029.The expenditure comprises about AU$100 million for processing plant procurement and engineering, about AU$60 million for on-site early works and operational preparation, and about AU$15 million for Wodgina Road East infrastructure and seasonal window execution, it added.

ASX:PLS
Asia

Ganfeng Lithium Trims PLS Group Stake to 3.27%; Shares Rise 3%

Ganfeng Lithium (SHE:002460, HKG:1772) trimmed its stake in PLS Group (ASX:PLS) to 3.27% from 4.36%.Subsidiary Ganfeng International sold 35.1 million PLS Group shares, generating about AU$222 million in proceeds.Shares of Ganfeng Lithium rose 3% in recent trade on the Hong Kong bourse.

ASX:PLSHKG:1772SHE:002460
Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Friday:Minerals 260 (ASX:MI6): +13%, AU$0.85Pantoro Gold (ASX:PNR): +12%, AU$2.57Develop Global (ASX:DVP): +10%, AU$6.90PLS Group (ASX:PLS): +9%, AU$6.46Elevra Lithium (ASX:ELV): +9%, AU$11.65Genesis Minerals (ASX:GMD): +9%, AU$5.24Bellevue Gold (ASX:BGL): +9%, AU$1.33Almonty Industries (ASX:AII): +9%, AU$24.04Imdex (ASX:IMD): +9%, AU$4.01Sandfire Resources (ASX:SFR): +8%, AU$19.88

ASX 200ASX:AIIASX:BGLASX:DVPASX:ELVASX:GMDASX:IMDASX:MI6ASX:PLSASX:PNRASX:SFR
Asia

ASX Most Active Stocks

Here are the five most actively traded big-cap stocks on the Australian Securities Exchange on Friday.Arafura Rare Earths (ASX:ARU): 18.3 million sharesLiontown (ASX:LTR): 9.6 million sharesMedibank Private (ASX:MPL): 9.4 million sharesDroneShield (ASX:DRO): 8.2 million sharesPLS Group (ASX:PLS): 7.2 million shares

ASX 200ASX:ARUASX:DROASX:LTRASX:MPLASX:PLS
Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Friday.Alcoa Corp (ASX:AAI): +4%, AU$93.22South32 (ASX:S32): +4%, AU$4.29Capstone Copper (ASX:CSC): +3%, AU$13.81James Hardie Industries (ASX:JHX): +3%, AU$28.97Evolution Mining (ASX:EVN): +3%, AU$12.18Rio Tinto (ASX:RIO): +2%, AU$186.03NEXTDC (ASX:NXT): +2%, AU$14.91SGH (ASX:SGH): +2%, AU$41.81Lynas Rare Earths (ASX:LYC): +2%, AU$18.92Pilbara Minerals (ASX:PLS): +2%, AU$6.28

ASX 200ASX:AAIASX:CSCASX:EVNASX:JHXASX:LYCASX:NXTASX:PLSASX:RIOASX:S32ASX:SGH
Asia

Wildcat Resources Expected to Benefit From Lithium Tailwinds, Says Euroz Hartleys, Shares Hit Two-Year High

Wildcat Resources (ASX:WC8) is expected to benefit from lithium tailwinds, helped by the Middle East conflict, according to a Thursday Euroz Hartleys note.The research firm said that the lithium tailwinds are supported by higher oil prices due to the Middle East conflict, increasing electric vehicle and battery energy storage system (BESS) demand.Euroz Hartleys added that Wildcat Resources is its preferred stock over PLS Group (ASX:PLS) or Liontown (ASX:LTR) because of its significant leverage to lithium pricing and straightforward development position, with granted mining leases, 80-kimometer proximity to Port Hedland, a conventional flowsheet, and AU$43.5 million in cash.Euroz Hartkeys maintained a speculative buy rating on Wildcat Resources and raised its price target to AU$1.21 from $0.61.The company's shares rose 5% in recent Friday trade, hitting a two-year high.

ASX:LTRASX:PLSASX:WC8
Asia

ASX Biggest Gainers

Here are the 10 ASX-listed companies with the biggest gains on Monday.Elevra Lithium (ASX:ELV): +7%, AU$12.92Newmont (ASX:NEM): +6%, AU$166.42IGO (ASX:IGO): +5%, AU$7.39Pilbara Minearls (ASX:PLS): +3%, AU$5.99Breville Group (ASX:BRG): +2%, AU$31.53Evolution Mining (ASX:EVN): +2%, AU$13.08Greatland Resources (ASX:GGP): +2%, AU$14.23Life360 (ASX:360): +1%, AU$21.23Sandfire Resources (ASX:SFR): +1%, AU$17.34Mineral Resources (ASX:MIN): +1%, AU$60.24

ASX 200ASX:360ASX:BRGASX:ELVASX:EVNASX:GGPASX:IGOASX:MINASX:NEMASX:PLSASX:SFR
Asia

ASX Most Active Stocks

Here are the five most actively traded big-cap stocks on the Australian Securities Exchange on Monday.National Storage REIT (ASX:NSR): 129.6 million sharesEQ Resources (ASX:EQR): 24.7 million sharesArafura Rare Earths (ASX:ARU): 13.8 million sharesPLS Group (ASX:PLS): 8.4 million sharesLiontown Resources (ASX:LTR): 7.9 million shares

ASX 200ASX:ARUASX:EQRASX:LTRASX:NSRASX:PLS
Asia

PLS Group Shows 'Strong' Q3 Production, 'Resilient' Pricing Through 2026, Says Jefferies

PLS Group (ASX:PLS) delivered a "strong" production quarter relative to Jefferies and market forecasts, with resilient lithium pricing through the current calendar year supporting a positive outlook, said Jefferies in a Friday note.The company on Friday reported March quarter production of 232,400 tonnes and revenue of AU$567 million compared to 125,000 tonnes and revenue of AU$150 million a year ago.The investment firm added that PLS maintains elastic production capability and a clearly defined growth pipeline.The company's "soft" third quarter sales will be unwound into the fourth quarter's resilient price environment and maintain a constructive long-term view, supported by supply demand/dynamics and operational fundamentals, the note added.Jefferies kept a buy rating on PLS and raised its price target to AU$6.70 from AU$6.The company's shares rose 1% in recent Monday trade.

ASX:PLS
Asia

PLS Group Starts Commissioning of Mid-Stream Demonstration Plant, Reports Higher March Quarter Production

PLS Group (ASX:PLS) started commissioning of its Mid-Stream Demonstration Plant in Western Australia, with the first product expected in the September quarter, according to a Friday filing with the Australian bourse.The move follows the company securing up to AU$38.1 million in funding from the Australian Renewable Energy Agency to support the plant's operation, and entering an offtake agreement with Ningbo Ronbay New Energy Technology for lithium phosphate produced at the plant.PLS Group also acquired Calix's (ASX:CXL) stake in the plant to gain full ownership and operational control of the facility, per the filing. Calix remains a technology partner in the project, which aims to test more efficient and lower-carbon processing pathways for hard-rock lithium.Separately, PLS Group reported March quarter production of 232,400 tonnes and revenue of AU$567 million.In the year-ago period, the company reported production of 125,000 tonnes and revenue of AU$150 million, an earlier filing showed.

ASX:CXLASX:PLS
Asia

PLS Group Completes $600 Million Offering of Senior Notes Due 2031

PLS Group (ASX:PLS) completed a $600 million offering of 6.875% senior notes due 2031, according to a Thursday filing with the Australian bourse.The company has used part of the net proceeds to refinance the AU$375 million drawn balance of its revolving credit facility, and plans to use the remaining proceeds for general corporate purposes.PLS Group's shares shed about 1% in recent Thursday trade.

ASX:PLS
Asia

Calix, PLS Finalize Western Australia Lithium Project Restructuring Deal

Calix (ASX:CXL) executed final transaction documents with PLS Group (ASX:PLS) to complete the restructuring of the lithium Mid-Stream Project and confirm an updated commercialization framework under binding terms, according to a Monday Australian bourse filing.The deal results in an immediate cash payment of AU$5.7 million to the company, with an additional AU$5.7 million payable unconditionally by July 31, per the filing.PLS is granted a perpetual, royalty-free license to use the company's technology in its own or joint venture lithium operations, while the company retains upside via a 20:80 royalty split on any third-party applications, the filing said.The agreement strengthens the company's cash and liquidity position and sharpens its focus on major market opportunities for its platform technology in iron and steel, cement and lime, alumina, and magnesia, the filing added.Calix shares rose past 2% in recent Monday trade, while PLS shares fell around 1%.

ASX:CXLASX:PLS
Asia

ASX Biggest Gainers

Here are the five ASX-listed companies with the biggest gains on Friday.IGO (ASX:IGO): +6%, AU$9.27Mineral Resources (ASX:MIN): +5%, AU$62.47Pilbara Minerals (ASX:PLS): +5%, AU$5.99Paladin Energy (ASX:PDN): +4%, AU$14.75WiseTech Global (ASX:WTC): +3%, AU$46.56

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