Australia's Pilbara Minerals jumps on Pilgangoora lithium resource upgrade

PLx Pharma Winddown

07/08/2023 01:57

** Shares of Pilbara Minerals Ltd  PLS.AX  rise as much as
3.4% to A$5.160, their highest level since July 20
    ** PLS marks its biggest intraday climb since July 26; on
track for a fifth straight session of gains, if trend holds
    ** PLX biggest gainer in the ASX 200 benchmark index  .AXJO 
    ** Co says drill programme resulted in mineral resource
estimate increasing by 109 million tonnes to 414 million tonnes
at its Pilgangoora lithium operation in Western Australia
    ** Adds updated mineral resource now contains 4.75 mt of
lithium oxide
    ** PLX up 33.1% this year, as of last close, vs a 4.1%
increase in the ASX 200 benchmark

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))