Pilbara Minerals sees 242% jump in FY23 revenue as spodumene concentrate price surges. Will this growth sustain in FY24?.

Thu 31 Aug 23, 09:59 AM | Team Kalkine

Image source: shutterstock.com

Highlights

Pilbara Minerals Limited (ASX: PLS) is an Australia-based pure-play lithium company primarily engaged in mining, developing and exploring minerals in Australia. The company owns 100% of the Pilgangoora Project, located in the Pilbara region of Western Australia.

Recently, the company released its 2023 full-year results. The period saw a 64% pcp (previous corresponding period) surge in spodumene concentrate production to 620.1k tonnes, and a significant increase in average realized price to USD 4,447/tonne from USD 2,382/tonne in FY22.

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