Stocks of the Hour: Pilbara Minerals, Lithium Australia, Liontown Resources

Pilbara Minerals (ASX:PLS) announced a substantial increase in Mineral Resource at its Pilgangoora Operation in WA, reinforcing its position as one of the world’s largest hard-rock lithium operations. In response, Managing Director and CEO, Dale Henderson, said: “We have added 109Mt of additional Mineral Resource at a direct exploration cost of only 13 cents per tonne of additional resource.” Shares are trading 3.81 per cent higher at $5.18.

Lithium Australia (ASX:LIT) has entered an agreement with Mineral Resources (ASX:MIN) relating to their disruptive lithium extraction technology. In response, CEO Simon Linge commented, “We are excited by the future opportunity to licence our proven highvalue technology to all existing and new lithium mines across Australia and the rest of the world.” Shares are trading 39.39 per cent higher at 4.6 cents.

Liontown Resources Limited (ASX:LTR) will provide a strategy and Kathleen Valley Project update at the Diggers and Dealers Mining Forum today. This will include progress towards production, DSO project, and government funding support. Shares are trading 2.74 per cent higher at $2.82.
 
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