PLS Group's Pilgangoora, Mineral Resources' Wodgina On Track to Meet Midpoint of Fiscal 2026 Guidance, Says Jefferies

MT Newswires Live01-19

PLS Group's (ASX:PLS) Pilgangoora operations and Mineral Resources' (ASX:MIN) Wodgina operations are on track to meet the midpoint of fiscal year 2026 guidance, with volumes out of Wodgina appearing particularly strong on a production grade equivalent basis, said Jefferies in a Monday note.

Jefferies said that after reviewing Port Hedland's second-quarter data, it has increased its Wodgina fiscal second-quarter production estimates to 165,000 dry metric tonnes of spodumene concentrate with a grade of 5.5% lithium oxide.

The investment firm has maintained production estimates for Pilgangoora.

Jefferies has a hold rating on PLS Group with a price target of AU$4.25 and an underperform rating on Mineral Resources with a price target of AU$36.50.

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