Pilbara Minerals boss Dale Henderson says $2.2b cash pile will help drive expansion at Pilgangoora

May 23, 2023

Pilbara Minerals boss Dale Henderson says a $2.2 billion cash pile on the back of surging demand for lithium products will help ramp up capacity at the company's Pilgangoora project.

It comes after Pilbara posted a stellar half-year financial result — resulting in its first maiden dividend of 11¢ a share — after reporting a $1.24 billion net profit on revenue of $2.2b amid soaring prices for the battery metal.

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