Welcome to Pilbara Minerals Limited
Pilbara Minerals Limited is a minerals exploration and mining company with a prime focus on mining Tantalum in Western Australia and gold and copper exploration in Papua New Guinea (PNG) through its recent (June 2013) acquisition of Sturt Resources Ltd.
The original West Australian assets that formed the basis of Pilbara's original listing in June 2010 have now been farmed out to Fox Resources Ltd, (ASX:FXR) who currently own a 40% interest. After the expenditure of circa $2,000,000, Fox will earn 80% of the project.
The company's main focus now will be on the Tabba Tabba Tantalum Project in Western Australia, which should provide early cash flow to help support the PNG assets as well as sourcing other new projects.
February 2014: Tabba Tabba – Tantalum Project – Feasibility Study shows Robust Economics
February 18th 2014: The project feasibility study released today shows very sound economics with a projected $16M EBITDA over the 18 month mine life with significant prospects to extend the resource For details on this exciting new potential project, early as Q3 2014.