PLS Spending on P2000 Project a Positive Sign -- Market Talk

Dow Jones

Jun 22

0149 GMT - PLS Group's spending on long-lead procurement for the proposed P2000 expansion project "is a credible signal that PLS sees high probability" of board approval later this year, says Citi analyst Jack Whelan. "The company would not be ordering mills, crushers, ore sorters, and flotation cells if FID [final investment decision] were genuinely conditional," Whelan says. Citi expects total capex for the P2000 project at around 1.8 billion Australian dollars, and first ore in mid-2029. At current spodumene concentrate prices, project economics are attractive, says Whelan. Citi has a neutral rating and A$5.25/share target on PLS. Shares are down 4.3% at A$5.63. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

June 21, 2026 21:49 ET (01:49 GMT)

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Citi expects total capex for the P2000 project at around 1.8 billion Australian dollars, and first ore in mid-2029. At current spodumene concentrate prices, project economics are attractive, says Whelan. Citi has a neutral rating and A$5.25/share target on PLS. Shares are down 4.3% at A$5.63. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 21, 2026 21:49 ET (01:49 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PLS Spending on P2000 Project a Positive Sign -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPLS Spending on P2000 Project a Positive Sign -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-22 09:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0149 GMT - PLS Group's spending on long-lead procurement for the proposed P2000 expansion project \"is a credible signal that PLS sees high probability\" of board approval later this year, says Citi analyst Jack Whelan. \"The company would not be ordering mills, crushers, ore sorters, and flotation cells if FID [final investment decision] were genuinely conditional,\" Whelan says. Citi expects total capex for the P2000 project at around 1.8 billion Australian dollars, and first ore in mid-2029. At current spodumene concentrate prices, project economics are attractive, says Whelan. Citi has a neutral rating and A$5.25/share target on PLS. Shares are down 4.3% at A$5.63. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 21, 2026 21:49 ET (01:49 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7507","symbol_name":"资源股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2645173210","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2645173210","pubTimestamp":1782092940,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0149 GMT - PLS Group's spending on long-lead procurement for the proposed P2000 expansion project \"is a credible signal that PLS sees high probability\" of board approval later this year, says Citi analyst Jack Whelan. \"The company would not be ordering mills, crushers, ore sorters, and flotation cells if FID [final investment decision] were genuinely conditional,\" Whelan says. Citi expects total capex for the P2000 project at around 1.8 billion Australian dollars, and first ore in mid-2029. At current spodumene concentrate prices, project economics are attractive, says Whelan. Citi has a neutral rating and A$5.25/share target on PLS. Shares are down 4.3% at A$5.63. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7507":"资源股","BK7504":"锂钴概念","BK7095":"多种金属与采矿","PLS.AU":"PLS Group Ltd"},"translate_title":"请在P2000项目上的支出是一个积极的迹象——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLS.AU":0.9},"content_text":"0149 GMT - PLS Group's spending on long-lead procurement for the proposed P2000 expansion project \"is a credible signal that PLS sees high probability\" of board approval later this year, says Citi analyst Jack Whelan. \"The company would not be ordering mills, crushers, ore sorters, and flotation cells if FID [final investment decision] were genuinely conditional,\" Whelan says. Citi expects total capex for the P2000 project at around 1.8 billion Australian dollars, and first ore in mid-2029. At current spodumene concentrate prices, project economics are attractive, says Whelan. Citi has a neutral rating and A$5.25/share target on PLS. Shares are down 4.3% at A$5.63. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 21, 2026 21:49 ET (01:49 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}