Price, volume & events
CloseVolumeFair-value rangeOverlay
Loading market history…
Drag to zoom · double-click to reset
- Last 2026-11-06
- A$2.83
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
- Locked: sign in to view
- Mkt cap
- A$9.1B
- EV
- A$7.9B
- Cash
- A$2.3B
- Debt
- A$950.8M
6 newer ASX announcements not yet reflected in this valuation
- September Quarter FY27 Activities PresentationLatest Four Activities Reports
- September 2026 Quarterly Activities ReportLatest Four Activities Reports
- Notification regarding unquoted securities - PLSPost Cash Checkpoint Security Event
- Pilgangoora Ore Reserve increases 31% in contained lithiumRecent Resource Or Reserve Source
- Notification of cessation of securities - PLSPost Cash Checkpoint Security Event
- Updated - Sep 2026 Quarterly Activities Report AdvisoryLatest Four Activities Reports
Investment view
Rating locked: sign in to view
Investment view
Our rating, thesis and what the price implies are available to subscribers.
Sign in or enter a guest codeAnnouncements
Latest 12 of 15All sources ▸- Notification regarding unquoted securities - PLSCorporate Action
- Notification regarding unquoted securities - PLSCorporate Action
- Application for quotation of securities - PLSCorporate Action
- FY26 Full Year ResultsResults
- FY26 Full Year Results PresentationPresentation
- 2026 Annual Report (incorporating Appendix 4E)Results
- June 2026 Quarterly Activities ReportOperations
- March Quarter FY26 Activities PresentationPresentation
- March 2026 Quarterly Activities ReportOperations
- Interim Financial Report (Incorporating Appendix 4D)Results
- FY26 Interim ResultsResults
- FY26 Interim Results PresentationPresentation
Event calendar · next 12 months
6 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| First four months FY27 | Ngungaju reaches normal run rate | Production | Company Guided | High | Tests the 1.065 Mt production assumption and whether restart costs remain inside current guidance. |
| December quarter 2026 | P 2000 feasibility outcomes | Study | Company Guided | High | A credible funded expansion with positive incremental returns could add capacity value to be refined. |
| 27 October 2026 | September quarter results | Results | Confirmed | High | Tests FY 27 restart volumes, realized cash and capital spending after the FY 26 price recovery. |
| 31 July 2027 | P-PLS at-cost call deadline | Economic Arrangement | Confirmed | Medium | PLS must weigh new cash investment against actual refinery utilization and expected minority returns. |
| 30 September 2027 | Ganfeng JV FID deadline | Study | Company Guided | Medium | A development deadline; site, capital, offtake and funding must be established before positive NAV is underwritten. |
| December quarter 2027 | Colina feasibility outcomes | Study | Company Guided | Medium | Could replace transaction-based option calibration with sourced mine economics and a funding estimate. |
Executive roster
As of 2026-10-13Background checks ▸The FY 26 leadership list and KMP notes identify the current executive team. Alex Willcocks started in May 2026 after the interim CFO ceased in April. No later leadership change was found in the screened package. Personal background diligence is outside this valuation workflow.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Dale Henderson | Managing Director and CEO | Chief Executive · Executive Director | 2022-07-30 | 2026 Annual Report (incorporating Appendix 4E) |
| Alex Willcocks | Chief Financial Officer | Finance | 2026-05-01 | 2026 Annual Report (incorporating Appendix 4E) |
| Brett McFadgen | Chief Operating Officer | Operations | 2025-07-21 | 2026 Annual Report (incorporating Appendix 4E) |
| Sandra McInnes | Chief People and Sustainability Officer | Senior Management | — | 2026 Annual Report (incorporating Appendix 4E) |
| John Stanning | Chief Development Officer | Commercial | — | 2026 Annual Report (incorporating Appendix 4E) |
| Paul Laybourne | Project Director | Technical | — | 2026 Annual Report (incorporating Appendix 4E) |
| Danielle Webber | Company Secretary | Company Secretary | 2023-11-08 | 2026 Annual Report (incorporating Appendix 4E) |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Pilgangoora Operation
Australia
Producer100% ownedLithium
Pilgan operates; Ngungaju restart began in July2026. P2000 capacity remains conditional on study, FID and funding.
- Production annualised (attributable)
- 45.4k td
- Production (last FY, 100%)
- 46.6k td
- AISC (latest quarter)
- —
- AISC margin at spot
- —
- Delivery vs guidance
- 104.1%d
- Reserve life
- 50.4 yrsd
- Head grade
- 1.30% Li2O
Resources & reserves7
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Measured | 16M t ore | 1.27% Li2O | Lithium | 2026-06-30 |
| Mineral Resource | Indicated | 354M t ore | 1.28% Li2O | Lithium | 2026-06-30 |
| Mineral Resource | Inferred | 70M t ore | 1.25% Li2O | Lithium | 2026-06-30 |
| Mineral Resource | Total | 440M t ore | 1.28% Li2O | Lithium | 2026-06-30 |
| Ore Reserve | Proved | 10.1M t ore | 1.24% Li2O | Lithium | 2026-06-30 |
| Ore Reserve | Probable | 192.6M t ore | 1.16% Li2O | Lithium | 2026-06-30 |
| Ore Reserve | Total | 202.7M t ore | 1.16% Li2O | Lithium | 2026-06-30 |
Permits & approvals1
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| P2000 key infrastructure works approval | Western Australia | Granted | — | Yes |
Economic studies2
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| FY27 operating guidance and reserve-backed existing capacity | Operating Plan | Current | 2026-07-30 | FY27 issuer guidance: 1.030–1.100Mt production, A$575–625/t FOB unit costs and A$620–685m capital, including A$175m P2000 early works. Future P2000 timing and costs remain conditional. |
| P2000 PFS | PFS | Superseded | 2024-06-21 | Original reserve-backed study: 23-year life, first ten years 1.895Mtpa SC5.2, A$1.193b capital with -20/+30% accuracy, 8% real discount and US$1,500/t SC6 price. Current feasibility timetable supersedes delivery dates. |
Material
Colina Lithium Project
Brazil
Resource Stage100% ownedLithium
Feasibility is guided for December quarter2027; no final financed annual mine plan.
- Contained metal (attributable)
- 948.9k td
- Resource grade
- 1.24% Li2O
- % Measured + Indicated
- 86.6%d
- Resource tonnes
- 77.70 Mt
- Our value per attrib. contained unit
- Locked
- Mining method
- open pit concept
Resources & reserves5
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Measured Colina | 28.6M t ore | 1.31% Li2O | Lithium | 2026-06-30 |
| Mineral Resource | Indicated Colina | 38.6M t ore | 1.23% Li2O | Lithium | 2026-06-30 |
| Mineral Resource | Inferred Colina | 3.6M t ore | 1.1% Li2O | Lithium | 2026-06-30 |
| Mineral Resource | Inferred Fog | 6.8M t ore | 0.87% Li2O | Lithium | 2026-06-30 |
| Mineral Resource | Total Colina and Fog | 77.7M t ore | 1.24% Li2O | Lithium | 2026-06-30 |
Material
P-PLS hydroxide JV
South Korea
Ramping Producer18% ownedLithium
PLS owns18% of a43ktpa refinery; FY26 batch production was11,471t, below full nameplate output.
- Product and spec
- battery-grade lithium hydroxide
- Nameplate capacity
- 43.0k t lithium hydroxide/year
- Throughput (12M)
- —
- Utilisation
- 26.7%d
- Capital intensity (capex / tpa)
- —
- Feed source
- Pilgangoora concentrate
- Offtake contracted
- —
Other
Mid-Stream Demonstration Plant
Australia
Ramping Producer100% ownedLithium
Commissioning began April2026. First product was guided for September quarter, but actual output was not confirmed by selected cutoff evidence.
- Product and spec
- lithium phosphate
- Nameplate capacity
- 27.0k t concentrate/year
- Throughput (12M)
- —
- Utilisation
- —
- Capital intensity (capex / tpa)
- —
- Feed source
- Pilgangoora concentrate
- Offtake contracted
- —
Other
Ganfeng downstream chemicals JV
To be determined
PFS Developer50% ownedLithium
A proposed50/50 chemicals facility; site, FID and funding remain unresolved.
- Product and spec
- —
- Nameplate capacity
- —
- Throughput (12M)
- —
- Utilisation
- —
- Capital intensity (capex / tpa)
- —
- Feed source
- —
- Offtake contracted
- —
Other
PF Mineracao exploration JV
Brazil
Early Explorer70% ownedLithium
A70% exploration subsidiary with a local partner; no separately quantified resource or cash-flow plan.
- Ownership
- 70%
- Commodity
- Li2Or
- Country
- BRr
- Best recent intercept (grade x width)
- —
- Metres drilled (12M)
- —
- Exploration spend (12M)
- —
d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)
Stock database
Other assets
- Ownership
- 100%
- Description
- Aggregate listed equity investments at reported carrying value
- Book value
- A$65.2md
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Reported June cash is A$2,289.977m; cutoff cash is estimated separately after operating cash, dividend and dated payments. Lease cash is an operating deduction, so the lease liability is not deducted again from enterprise value.
Inventory composition1
Operating inventory already supports minecashflows; no separatebridge uplift.171.119 mcurrent plus 116.394 mnoncurrent.
- Concentrate, ore stockpiles and consumables
- A$287.5M carrying
Capital structure
Ownership and dilution
- Ordinary shares
- 3.2B
- Fully diluted
- 3.2B
Latest quoted shares are 3,225,946,768. Add 18,391,742 registered employee rights to obtain 3,244,338,510 fully diluted ordinary shares. The rounded June share count includes loan-backed shares; September quotation of 1,167,826 already issued loan shares and October trustee transfers are not new economic issuance. Small expired classes still registered are retained conservatively. The 79,603,050 convertible units are debt units, not ordinary shares; cash settlement and full debt deduction are assumed. Stock settlement would require sourced VWAP share equivalents and removal of settled debt.
Security classes11
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Quoted fully paid ordinary shares | Ordinary Share | 3.2B | — | — |
| Registered employee share/performance/matching rights; expired classes retained conservatively until removed | Performance Right | 373.7K | A$0 | 2026-12-31 |
| Registered employee share/performance/matching rights; expired classes retained conservatively until removed | Performance Right | 3.7M | A$0 | 2028-12-31 |
| Registered employee share/performance/matching rights; expired classes retained conservatively until removed | Performance Right | 47.5K | A$0 | 2026-08-31 |
| Registered employee share/performance/matching rights; expired classes retained conservatively until removed | Performance Right | 8.6M | A$0 | 2029-12-31 |
| Registered employee share/performance/matching rights; expired classes retained conservatively until removed | Performance Right | 807.3K | A$0 | — |
| Registered employee share/performance/matching rights; expired classes retained conservatively until removed | Performance Right | 1.7M | A$0 | — |
| Registered employee share/performance/matching rights; expired classes retained conservatively until removed | Performance Right | 265.8K | A$0 | 2027-06-30 |
| Registered employee share/performance/matching rights; expired classes retained conservatively until removed | Performance Right | 20.5K | A$0 | 2026-07-31 |
| Registered employee share/performance/matching rights; expired classes retained conservatively until removed | Performance Right | 2.9M | A$0 | 2027-12-31 |
| Convertible bond units; repayment may be cash at issuer election, not ordinary-share quantity | Convertible | 79.6M | — | 2027-04-30 |
KPI history
Operating metrics
Operating metric source table24
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Sep FY 26 production | Pilgangoora | Sep FY26 | Quarter | 224,757 dmt spodumene concentrate | Reported |
| Sep FY 26 sales | Pilgangoora | Sep FY26 | Quarter | 214,025 dmt spodumene concentrate | Reported |
| Sep FY 26 throughput | Pilgangoora | Sep FY26 | Quarter | 1,050,348 dmt ore | Reported |
| Sep FY 26 recovery | Pilgangoora | Sep FY26 | Quarter | 78.2 % | Reported |
| Sep FY 26 unit cost | Pilgangoora | Sep FY26 | Quarter | 540 AUD/t concentrate | Reported |
| Sep FY 26 cash | Company | Sep FY26 | Point In Time | 852,000,000 AUD | Reported |
| Dec FY 26 production | Pilgangoora | Dec FY26 | Quarter | 208,022 dmt spodumene concentrate | Reported |
| Dec FY 26 sales | Pilgangoora | Dec FY26 | Quarter | 231,971 dmt spodumene concentrate | Reported |
| Dec FY 26 throughput | Pilgangoora | Dec FY26 | Quarter | 1,018,155 dmt ore | Reported |
| Dec FY 26 recovery | Pilgangoora | Dec FY26 | Quarter | 75.8 % | Reported |
| Dec FY 26 unit cost | Pilgangoora | Dec FY26 | Quarter | 585 AUD/t concentrate | Reported |
| Dec FY 26 cash | Company | Dec FY26 | Point In Time | 954,000,000 AUD | Reported |
| Mar FY 26 production | Pilgangoora | Mar FY26 | Quarter | 232,436 dmt spodumene concentrate | Reported |
| Mar FY 26 sales | Pilgangoora | Mar FY26 | Quarter | 195,691 dmt spodumene concentrate | Reported |
| Mar FY 26 throughput | Pilgangoora | Mar FY26 | Quarter | 1,096,026 dmt ore | Reported |
| Mar FY 26 recovery | Pilgangoora | Mar FY26 | Quarter | 75.4 % | Reported |
| Mar FY 26 unit cost | Pilgangoora | Mar FY26 | Quarter | 520 AUD/t concentrate | Reported |
| Mar FY 26 cash | Company | Mar FY26 | Point In Time | 1,455,000,000 AUD | Reported |
| Jun FY 26 production | Pilgangoora | Jun FY26 | Quarter | 214,327 dmt spodumene concentrate | Reported |
| Jun FY 26 sales | Pilgangoora | Jun FY26 | Quarter | 249,905 dmt spodumene concentrate | Reported |
| Jun FY 26 throughput | Pilgangoora | Jun FY26 | Quarter | 976,579 dmt ore | Reported |
| Jun FY 26 recovery | Pilgangoora | Jun FY26 | Quarter | 76.8 % | Reported |
| Jun FY 26 unit cost | Pilgangoora | Jun FY26 | Quarter | 616 AUD/t concentrate | Reported |
| Jun FY 26 cash | Company | Jun FY26 | Point In Time | 2,289,977,000 AUD | Reported |
Company guidance4
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Concentrate Production | pilgangoora | FY27 | 1,030,000 | 1,100,000 dmt/year | Current |
| Fob Unit Operating Cost Excluding Freight And Royalties | pilgangoora | FY27 | 575 | 625 AUD/t concentrate | Current |
| Capital Expenditure Including175Mp2000Prefid | pilgangoora | FY27 | 620,000,000 | 685,000,000 AUD | Current |
| Concentrate Production | pilgangoora | FY26 | 820,000 | 870,000 dmt/year | Achieved |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-09-24Ann. 2026-08-24 | Dividend | A$161.3M | — | — | Completed | — |
| 2026-05-27 | Debt | A$873.5M | — | — | Completed | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Primary filings cover Canmax, royalties, POSCO, Calix/ARENA/Ronbay, Ganfeng, PF Mineracao and historical FX contracts. The second floor contract lacks counterparty and committed volumes; plant unit margins are incomplete.
Binding 150 ktpa concentrate supply with a US$1,000/t SC 6 floor and no cap. Supply runs through mid-CY 28, with optional extension. The future shipment prepayment is a financing balance, not additional lifetime revenue.
Offtake · Active- Counterparties
- Canmax Technologies
- Applies to
- Pilgangoora Operation · Lithium
- Economic direction
- Mixed
- Period
- 2026-03-02 to 2028-06-30
- Key terms
- Annual binding supply: 150,000 t/year
Floor price: 1,000 USD/t SC6
Prepayment: 100,000,000 USD
Remaining contract liability: 138,303,000 AUD
How it affects our valuation
No valuation treatment is available for this arrangement.
A second post-year-end offtake has a US$1,000/t SC 6 floor and bank guarantee. Committed volume and counterparty are not disclosed; it provides qualitative downside support without extra modeled value.
Offtake · Active- Counterparties
- Counterparty not disclosed
- Applies to
- Pilgangoora Operation · Lithium
- Economic direction
- Benefit
- Period
- Dates not stated
- Key terms
- Floor price: 1,000 USD/t SC6
Bank guarantee: 80,000,000 USD
Committed volume: — t
How it affects our valuation
No valuation treatment is available for this arrangement.
State and native-title royalties total 6% of FOB sales; private 5% royalty applies to acquired Altura ore only. Blended private mix is an analyst estimate.
Royalty · Active- Counterparties
- Western Australia · Native title holders · Altura resource private royalty beneficiary
- Applies to
- Pilgangoora Operation · Lithium
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- State royalty: 5 % FOB
Native title royalty: 1 % FOB
Private royalty: 5 % FOB
How it affects our valuation
No valuation treatment is available for this arrangement.
PLS currently owns 18% of P-PLS. Increasing to 30% requires new cash. The current investment and option rights are already attributable and must not be multiplied by ownership twice.
Joint Venture · Active- Counterparties
- POSCO
- Applies to
- P-PLS hydroxide JV · Lithium
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Current interest: 18 %
Call maximum interest: 30 %
Call option accounting value: 0 AUD
How it affects our valuation
No valuation treatment is available for this arrangement.
PLS owns 100% after purchasing Calix’s 45% interest. ARENA grant funding supports validation and Ronbay offtake supports product qualification; commercial margins are unproven. The A$5.7m second tranche is treated as paid before cutoff in estimated cash.
Strategic Partnership · Active- Counterparties
- Calix · ARENA · Ningbo Ronbay
- Applies to
- Mid-Stream Demonstration Plant · Lithium
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Ownership: 100 %
Grant maximum: 38,100,000 AUD
Tranche 2 purchase payable: 5,700,000 AUD
How it affects our valuation
No valuation treatment is available for this arrangement.
Proposed 50/50 chemicals joint venture. Site choice, economic feasibility, financing and FID remain development gates.
Joint Venture · Conditional- Counterparties
- Ganfeng Lithium
- Applies to
- Ganfeng downstream chemicals JV · Lithium
- Economic direction
- Mixed
- Period
- Through 2027-12-31; start date not stated
- Key terms
- PLS interest: 50 %
FIDdeadline: 2027-09-30 date
How it affects our valuation
No valuation treatment is available for this arrangement.
June FX contracts matured from July to September 2026, before cutoff. No long-term revenue hedge is inferred; the June liability is reserved pending cash-settlement reconciliation.
FX Hedge · Expired- Counterparties
- FX counterparties
- Applies to
- Pilgangoora Operation · Lithium
- Economic direction
- Mixed
- Period
- Through 2026-09-30; start date not stated
- Key terms
- USD notional: 446,300,000 USD
Weighted rate: 0.71 USD/AUD
How it affects our valuation
No valuation treatment is available for this arrangement.
A 70% exploration subsidiary with a 30% local partner. No standalone resource or cash-flow option uplift is supported.
Joint Venture · Active- Counterparties
- Mineracao Felix LTDA
- Applies to
- PF Mineracao exploration JV · Lithium
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- PLS participation: 70 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Conditional adjacent mineral-rights purchase: US$30m completion plus US$7.5m by December2029/FID. Nominal payments and their present values are separately recorded; no undrilled resources are added.
Other · Conditional- Counterparties
- Lithium Ionic group
- Applies to
- Colina Lithium Project · Lithium
- Economic direction
- Burden
- Period
- From 2026-08-13; no end date stated
- Key terms
- Total consideration: 37,500,000 USD
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Valuation
Bear, base and bull values, investment cases, project valuations and the equity bridge are available to subscribers.
Sign in or enter a guest codeResource-price transmission
Sensitivity lab
Sensitivity lab
How our fair value responds to commodity prices and other drivers is available to subscribers.
Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
PLS reports significant mining, financial and project experience and higher FY2026 production. The review identifies historical corporate environmental penalties, financial-reporting relief and safety context; it does not infer personal wrongdoing from company outcomes.
Decision-relevant facts
Material summary
Dale Henderson
Managing Director and CEO
Company SuccessIssuer Reported · Medium materiality
FY2026 operating and financial results
The issuer reports FY2026 spodumene concentrate output of 879,543 dry tonnes, above its 820,000–870,000 tonne guidance, and statutory net profit after tax of A$525.8m versus an A$195.8m loss in FY2025. These outcomes reflect operations and market prices and are not attributable to the CEO alone.
Role overlaps event; causation unproven · CEO during both periods; team, market and other factors affect outcomes.
FY2026 annual report · Printed pages 2 and 18, highlights and production
EnvironmentDocumented · Medium materiality
Unapproved landfill enforcement
WA’s environmental regulator reported in 2019 that PLS paid A$22,500 in fines for constructing and operating the Pilgangoora landfill without approvals. The regulator does not identify Henderson as personally responsible.
Role overlaps event; causation unproven · He was PLS COO during the construction and operating period; the regulator’s release does not attribute personal fault.
Pilbara company fined for illegal landfill · Regulator media release, offence and payment
FY2022 annual report · Printed page 4, Henderson career
Evidence gaps · 3
- Independent verification of reported qualifications and memberships remains incomplete.
- Full prior-employer histories and person-specific regulator, court and incident records were not established.
- This is limited public-record screening and does not establish absence of adverse information.
Alex Willcocks
Chief Financial Officer
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Independent verification of reported qualifications and memberships remains incomplete.
- Full prior-employer histories and person-specific regulator, court and incident records were not established.
- This is limited public-record screening and does not establish absence of adverse information.
Brett McFadgen
Chief Operating Officer
SafetyIssuer Reported · Medium materiality
Reported operating safety performance
PLS reported four recordable injuries at Pilgangoora in the September 2026 quarter and a rolling group TRIFR of 2.36, down from 2.77 at June. FY2026 reporting identifies operational safety as delegated to the COO. These are company-reported measures, not findings about individual fault.
Role overlaps event; causation unproven · COO during reporting period; injury circumstances and individual responsibility not established.
September 2026 quarterly activities report · Pages 1–2, health and safety
FY2026 annual report · Printed pages 50–51, safety responsibilities
Evidence gaps · 4
- Exact dates of Newcrest safety leadership and underlying incident records were not established.
- Independent verification of reported qualifications and memberships remains incomplete.
- Full prior-employer histories and person-specific regulator, court and incident records were not established.
- This is limited public-record screening and does not establish absence of adverse information.
Sandra McInnes
Chief People and Sustainability Officer
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Independent verification of reported qualifications and memberships remains incomplete.
- Full prior-employer histories and person-specific regulator, court and incident records were not established.
- This is limited public-record screening and does not establish absence of adverse information.
John Stanning
Chief Development Officer
Personal SuccessIssuer Reported · Medium materiality
Reported Altura transaction advice
The company reports Stanning advised it on the Altura acquisition and associated capital raising while at Macquarie, before his PLS appointment. It also reports his role covered more than 15 announced lithium transactions.
Individual involvement documented · The appointment release identifies his advisory role; individual contribution and transaction returns were not independently quantified.
Appointment of Chief Development Officer · Page 1, appointment announcement
Evidence gaps · 3
- Independent verification of reported qualifications and memberships remains incomplete.
- Full prior-employer histories and person-specific regulator, court and incident records were not established.
- This is limited public-record screening and does not establish absence of adverse information.
Paul Laybourne
Project Director
LegalDocumented · Medium materiality
Roy Hill–Samsung commissioning dispute
A 2015 news account reports that a Roy Hill commercial director named Paul Laybourne provided an affidavit in a commissioning dispute with Samsung; the contractor disputed the allegations. PLS later reported that its project director of the same name held a senior Roy Hill role. The identity link has not been independently verified beyond name and employer, and the original court record and final dispute outcome were not located. The account does not allege wrongdoing by Laybourne.
Responsibility unresolved · Name and employer support a possible match, but identity and personal involvement in the cited dispute are not independently established.
Roy Hill accuses Samsung of delay · 26 November 2015 court report
Appointment of Project Director · Page 1, issuer states prior Roy Hill role
Evidence gaps · 5
- The identity link between PLS project director Paul Laybourne and the Roy Hill commercial director named in the 2015 report is not independently confirmed beyond name and employer.
- The complete court file and final outcome of the Roy Hill–Samsung commissioning dispute were not located.
- Independent verification of reported qualifications and memberships remains incomplete.
- Full prior-employer histories and person-specific regulator, court and incident records were not established.
- This is limited public-record screening and does not establish absence of adverse information.
Danielle Webber
Company Secretary
GovernanceDocumented · High materiality
Subsidiary reporting omissions and Federal Court relief
In 2025 the Federal Court granted relief concerning Pilgangoora subsidiaries’ failures to complete requirements for consolidated financial-reporting relief. Webber investigated and provided evidence. The judge found any responsibility on her part resulted from human error without dishonesty or wilful disregard, and recorded steps to avoid recurrence.
Individual involvement documented · Court expressly considered her role and found she acted honestly; relief was granted, with no substantial injustice found.
Pilbara Minerals Limited [2025] FCA 890 · [9]–[14], [68]–[76], orders
Evidence gaps · 3
- Independent verification of reported qualifications and memberships remains incomplete.
- Full prior-employer histories and person-specific regulator, court and incident records were not established.
- This is limited public-record screening and does not establish absence of adverse information.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-08-10 · 3,224,789,412 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 28.86% | 930,700,958 | |
| 2 | 23.87% | 769,826,667 | |
| 3 | 11.35% | 366,172,251 | |
| 4 | 3.01% | 97,064,973 | |
| 5 | 2.54% | 82,065,000 | |
| 6 | 2.39% | 76,998,629 | |
| 7 | 0.76% | 24,459,144 | |
| 8 | 0.60% | 19,352,090 | |
| 9 | 0.45% | 14,500,000 | |
| 10 | 0.41% | 13,323,311 | |
| 11 | 0.34% | 10,871,980 | |
| 12 | 0.23% | 7,508,523 | |
| 13 | 0.23% | 7,492,105 | |
| 14 | 0.23% | 7,404,735 | |
| 15 | 0.20% | 6,406,505 | |
| 16 | 0.18% | 5,821,194 | |
| 17 | 0.17% | 5,401,045 | |
| 18 | 0.15% | 4,975,409 | |
| 19 | 0.13% | 4,247,557 | |
| 20 | 0.13% | 4,199,300 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 13.13%Voting power | 2026-10-20 | |
| 12.37%Voting power | 2026-10-28 | |
| 9.45%Voting power | 2026-10-26 | |
| 9.42%Voting power | 2026-10-26 | |
| 8.76%Voting power | 2026-10-26 | |
| 8.36%Voting power | 2026-10-26 | |
| 6.54%Voting power | 2026-05-29 | |
| 6.26%Voting power | 2026-10-26 | |
| 5.23%Voting power | 2026-10-27 |
Sources & review notesEvidence checked through 2026-10-31
Coverage and limitations
- The 20 registered accounts total 2,458,791,376 shares or 76.25% on 10 August 2026; nominee names do not identify ultimate holders.
- MUFG, First Sentier and Morgan Stanley disclose overlapping relevant interests; these groups and nominee accounts must not be added. Voting interests can reflect lending, derivatives, or contractual rights rather than economic beneficial ownership.
- First Sentier calls 304,800,657 votes ordinary shares on 26 October; MUFG’s contemporaneous notice reports 303,800,657 ordinary-share votes and 1,000,000 option votes. The 1,000,000 discrepancy is unresolved, so First Sentier ordinary-share quantity is withheld.
- The 2026 annual report also identifies POS-LT as convertible-bond holder; future conversion shares are unknown and excluded.
- GFL International ceased substantial status on 27 January 2026; cessation does not establish zero ownership.
- BlackRock’s May 2026 notice is historical and holdings below reporting thresholds may change without notice.
Sources
- 2026 annual report
PLS / ASX · Published 2026-08-24 · Accessed 2026-10-31
20 register accounts and issued share count at 10 August 2026; register visually inspected.
PDF pages 215–218; local downloads/PLS/2026/2026-08-24_2026 Annual Report (incorporating Appendix 4E)_0cfe2c8d0ef757f1.pdf
- Form 604: AustralianSuper
PLS / ASX · Published 2026-10-22 · Accessed 2026-10-31
423,460,149 votes and 13.13% on 20 October.
Page 1; local downloads/PLS/2026/2026-10-22_Change in substantial holding_4880a718817c351c.pdf
- Form 604: State Street
PLS / ASX · Published 2026-10-30 · Accessed 2026-10-31
399,176,281 votes and 12.37% on 28 October.
Page 1; local downloads/PLS/2026/2026-10-30_Change in substantial holding_4c25355956a0bf2c.pdf
- Form 604: MUFG
PLS / ASX · Published 2026-10-29 · Accessed 2026-10-31
303,800,657 ordinary shares and 1,000,000 option votes on 26 October.
Page 1; local downloads/PLS/2026/2026-10-29_Change in substantial holding from MUFG_acd50d97bc144eff.pdf
- Form 604: First Sentier
PLS / ASX · Published 2026-10-28 · Accessed 2026-10-31
304,800,657 votes and 9.45% on 26 October; nature of excess over MUFG ordinary shares unresolved.
Page 1; local downloads/PLS/2026/2026-10-28_Change in substantial holding_b1abfc97eaf445b6.pdf
- Form 604: JPMorgan
PLS / ASX · Published 2026-10-29 · Accessed 2026-10-31
282,511,472 votes and 8.76% on 26 October.
Page 1; local downloads/PLS/2026/2026-10-29_Change in substantial holding_383c25696a15beb3.pdf
- Form 604: Morgan Stanley
PLS / ASX · Published 2026-10-29 · Accessed 2026-10-31
269,559,205 ordinary-share votes and 8.36% on 26 October; options separate.
Page 1; local downloads/PLS/2026/2026-10-29_Change in substantial holding from MS_e0b18444d4552c31.pdf
- Form 603: BlackRock
PLS / ASX · Published 2026-06-03 · Accessed 2026-10-31
210,818,262 votes and 6.54% on 29 May.
Page 1, visually inspected; local downloads/PLS/2026/2026-06-03_Becoming a substantial holder_0ef7bf0f4fca7bc2.pdf
- Form 604: Vanguard
PLS / ASX · Published 2026-10-30 · Accessed 2026-10-31
201,867,254 votes and 6.258% on 26 October.
Page 1; local downloads/PLS/2026/2026-10-30_Change in substantial holding_aaa5ed3f7301a20d.pdf
- Form 603: Citigroup
PLS / ASX · Published 2026-10-29 · Accessed 2026-10-31
168,593,719 votes and 5.2262% on 27 October.
Page 1; local downloads/PLS/2026/2026-10-29_Becoming a substantial holder_7068b855d41d72a3.pdf
- Form 605: GFL International
PLS / ASX · Published 2026-01-29 · Accessed 2026-10-31
GFL ceased substantial status on 27 January; no zero balance implied.
Page 1; local downloads/PLS/2026/2026-01-29_Ceasing to be a substantial holder_7544c7b4f176bcf7.pdf
Disclosed activity
Insider transactions
Trading activity236 buys · 168 sells shownNet cash last 12 months no tradesShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2024-08-09 | First Sentier Investors (Australia) RE Ltd
Details & evidence for First Sentier Investors (Australia) RE Ltd on 2024-08-09Registered account and acquisition venue are not specified. As disclosed: Date of acquisition 09-08-2024; cash consideration 524.48; 176 fully paid ordinary shares.
First Sentier Investors Holdings Pty Limited · Wholly-owned subsidiary and related body corporate of First Sentier Investors Holdings Pty Limited. Becoming a substantial holder ↗ Becoming a substantial holder ↗ | PurchaseFully paid ordinary shares (ASX:PLS) | 176 | — | — | — |
| 2024-08-01 | First Sentier Investors RQI Pty Ltd
Details & evidence for First Sentier Investors RQI Pty Ltd on 2024-08-01Registered account and acquisition venue are not specified. As disclosed: Date of acquisition 01-08-2024; cash consideration 111,289.14; 36,369 fully paid ordinary shares.
First Sentier Group Limited · Listed as a related body corporate or associate of the substantial-holder group in Annexure A. Becoming a substantial holder ↗ | PurchaseFully paid ordinary shares (ASX:PLS) | 36,369 | — | — | — |
| 2024-07-26 | First Sentier Investors (Australia) RE Ltd
Details & evidence for First Sentier Investors (Australia) RE Ltd on 2024-07-26Registered account and acquisition venue are not specified. As disclosed: Date of acquisition 26-07-2024; cash consideration 171.00; 57 fully paid ordinary shares.
First Sentier Investors Holdings Pty Limited · Wholly-owned subsidiary and related body corporate of First Sentier Investors Holdings Pty Limited. Becoming a substantial holder ↗ | PurchaseFully paid ordinary shares (ASX:PLS) | 57 | — | — | — |
| 2024-07-24 | First Sentier Investors (Australia) IM Ltd
Details & evidence for First Sentier Investors (Australia) IM Ltd on 2024-07-24Registered account and acquisition venue are not specified. As disclosed: Date of acquisition 24-07-2024; cash consideration 2,131.11; 737 fully paid ordinary shares.
First Sentier Group Limited · Listed as a related body corporate or associate of the substantial-holder group in Annexure A. Becoming a substantial holder ↗ | PurchaseFully paid ordinary shares (ASX:PLS) | 737 | — | — | — |
| 2024-07-19 | First Sentier Investors (Australia) RE Ltd
Details & evidence for First Sentier Investors (Australia) RE Ltd on 2024-07-19Registered account and acquisition venue are not specified. As disclosed: Date of acquisition 19-07-2024; cash consideration 408.80; 140 fully paid ordinary shares.
First Sentier Investors Holdings Pty Limited · Wholly-owned subsidiary and related body corporate of First Sentier Investors Holdings Pty Limited. Becoming a substantial holder ↗ | PurchaseFully paid ordinary shares (ASX:PLS) | 140 | — | — | — |
| 2024-07-12 | First Sentier Investors RQI Pty Ltd
Details & evidence for First Sentier Investors RQI Pty Ltd on 2024-07-12Registered account and acquisition venue are not specified. As disclosed: Date of acquisition 12-07-2024; cash consideration 105,438.42; 34,457 fully paid ordinary shares.
First Sentier Group Limited · Listed as a related body corporate or associate of the substantial-holder group in Annexure A. Becoming a substantial holder ↗ | PurchaseFully paid ordinary shares (ASX:PLS) | 34,457 | — | — | — |
| 2024-07-09 | First Sentier Investors RQI Pty Ltd
Details & evidence for First Sentier Investors RQI Pty Ltd on 2024-07-09Registered account and acquisition venue are not specified. As disclosed: Date of acquisition 09-07-2024; cash consideration 366,798.60; 121,860 fully paid ordinary shares.
First Sentier Group Limited · Listed as a related body corporate or associate of the substantial-holder group in Annexure A. Becoming a substantial holder ↗ | PurchaseFully paid ordinary shares (ASX:PLS) | 121,860 | — | — | — |
| 2024-04-10 | Vanguard Investments Australia Ltd.
Details & evidence for Vanguard Investments Australia Ltd. on 2024-04-10Form 605 records the disclosed SELL quantity. The consideration column shows 3.92, but unit basis and currency are not stated; no cash total or price is inferred. As disclosed: 10-Apr-24 Vanguard Investments Australia Ltd. SELL (87,360) Ordinary (87,360) (87,360).
Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Listed as a controlled entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for five trade rows. Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Controlled entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for four purchase rows dated 10-11 June 2025. Ceasing to be a substantial holder ↗ | SaleOrdinary shares (ASX:PLS) | 87,360 | —Not Disclosed | — | — |
| 2024-04-10 | The Vanguard Group, Inc.
Details & evidence for The Vanguard Group, Inc. on 2024-04-10Form 605 records the disclosed BUY quantity. The consideration column shows 3.83, but unit basis and currency are not stated; no cash total or price is inferred. As disclosed: 10-Apr-24 The Vanguard Group, Inc. BUY 3.83 Ordinary 2,574 2,574.
Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Named as the lead entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for 11 trade rows. Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Controlled entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for two sale rows dated 11 June 2025. Ceasing to be a substantial holder ↗ | PurchaseOrdinary shares (ASX:PLS) | 2,574 | —Not Disclosed | — | — |
| 2024-04-10 | The Vanguard Group, Inc.
Details & evidence for The Vanguard Group, Inc. on 2024-04-10Form 605 records the disclosed BUY quantity. The consideration column shows 3.83, but unit basis and currency are not stated; no cash total or price is inferred. As disclosed: 10-Apr-24 The Vanguard Group, Inc. BUY 3.83 Ordinary 12,128 12,128.
Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Named as the lead entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for 11 trade rows. Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Controlled entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for two sale rows dated 11 June 2025. Ceasing to be a substantial holder ↗ | PurchaseOrdinary shares (ASX:PLS) | 12,128 | —Not Disclosed | — | — |
| 2024-04-10 | The Vanguard Group, Inc.
Details & evidence for The Vanguard Group, Inc. on 2024-04-10Form 605 records the disclosed SELL quantity. The consideration column shows 3.83, but unit basis and currency are not stated; no cash total or price is inferred. As disclosed: 10-Apr-24 The Vanguard Group, Inc. SELL (16,380) Ordinary (16,380) (16,380).
Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Named as the lead entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for 11 trade rows. Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Controlled entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for two sale rows dated 11 June 2025. Ceasing to be a substantial holder ↗ | SaleOrdinary shares (ASX:PLS) | 16,380 | —Not Disclosed | — | — |
| 2024-04-10 | The Vanguard Group, Inc.
Details & evidence for The Vanguard Group, Inc. on 2024-04-10Form 605 records the disclosed BUY quantity. The consideration column shows 3.92, but unit basis and currency are not stated; no cash total or price is inferred. As disclosed: 10-Apr-24 The Vanguard Group, Inc. BUY 3.92 Ordinary 1,342 1,342.
Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Named as the lead entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for 11 trade rows. Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Controlled entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for two sale rows dated 11 June 2025. Ceasing to be a substantial holder ↗ | PurchaseOrdinary shares (ASX:PLS) | 1,342 | —Not Disclosed | — | — |
| 2024-04-10 | The Vanguard Group, Inc.
Details & evidence for The Vanguard Group, Inc. on 2024-04-10Form 605 records the disclosed BUY quantity. The consideration column shows 3.92, but unit basis and currency are not stated; no cash total or price is inferred. As disclosed: 10-Apr-24 The Vanguard Group, Inc. BUY 3.92 Ordinary 1,605 1,605.
Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Named as the lead entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for 11 trade rows. Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Controlled entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for two sale rows dated 11 June 2025. Ceasing to be a substantial holder ↗ | PurchaseOrdinary shares (ASX:PLS) | 1,605 | —Not Disclosed | — | — |
| 2024-04-09 | The Vanguard Group, Inc.
Details & evidence for The Vanguard Group, Inc. on 2024-04-09Form 605 records the disclosed BUY quantity. The consideration column shows 3.87, but unit basis and currency are not stated; no cash total or price is inferred. As disclosed: 9-Apr-24 The Vanguard Group, Inc. BUY 3.87 Ordinary 2,945 2,945.
Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Named as the lead entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for 11 trade rows. Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Controlled entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for two sale rows dated 11 June 2025. Ceasing to be a substantial holder ↗ | PurchaseOrdinary shares (ASX:PLS) | 2,945 | —Not Disclosed | — | — |
| 2024-04-08 | Vanguard Investments Australia Ltd.
Details & evidence for Vanguard Investments Australia Ltd. on 2024-04-08Form 605 records the disclosed BUY quantity. The consideration column shows 3.81, but unit basis and currency are not stated; no cash total or price is inferred. As disclosed: 8-Apr-24 Vanguard Investments Australia Ltd. BUY 3.81 Ordinary 17,563 17,563.
Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Listed as a controlled entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for five trade rows. Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Controlled entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for four purchase rows dated 10-11 June 2025. Ceasing to be a substantial holder ↗ | PurchaseOrdinary shares (ASX:PLS) | 17,563 | —Not Disclosed | — | — |
| 2024-04-08 | Vanguard Investments Australia Ltd.
Details & evidence for Vanguard Investments Australia Ltd. on 2024-04-08Form 605 records the disclosed BUY quantity. The consideration column shows 3.81, but unit basis and currency are not stated; no cash total or price is inferred. As disclosed: 8-Apr-24 Vanguard Investments Australia Ltd. BUY 3.81 Ordinary 20,072 20,072.
Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Listed as a controlled entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for five trade rows. Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Controlled entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for four purchase rows dated 10-11 June 2025. Ceasing to be a substantial holder ↗ | PurchaseOrdinary shares (ASX:PLS) | 20,072 | —Not Disclosed | — | — |
| 2024-04-08 | The Vanguard Group, Inc.
Details & evidence for The Vanguard Group, Inc. on 2024-04-08Form 605 records the disclosed BUY quantity. The consideration column shows 3.81, but unit basis and currency are not stated; no cash total or price is inferred. As disclosed: 8-Apr-24 The Vanguard Group, Inc. BUY 3.81 Ordinary 1,360 1,360.
Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Named as the lead entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for 11 trade rows. Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Controlled entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for two sale rows dated 11 June 2025. Ceasing to be a substantial holder ↗ | PurchaseOrdinary shares (ASX:PLS) | 1,360 | —Not Disclosed | — | — |
| 2024-04-08 | The Vanguard Group, Inc.
Details & evidence for The Vanguard Group, Inc. on 2024-04-08Form 605 records the disclosed BUY quantity. The consideration column shows 3.81, but unit basis and currency are not stated; no cash total or price is inferred. As disclosed: 8-Apr-24 The Vanguard Group, Inc. BUY 3.81 Ordinary 680 680.
Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Named as the lead entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for 11 trade rows. Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Controlled entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for two sale rows dated 11 June 2025. Ceasing to be a substantial holder ↗ | PurchaseOrdinary shares (ASX:PLS) | 680 | —Not Disclosed | — | — |
| 2024-04-08 | The Vanguard Group, Inc.
Details & evidence for The Vanguard Group, Inc. on 2024-04-08Form 605 records the disclosed BUY quantity. The consideration column shows 3.81, but unit basis and currency are not stated; no cash total or price is inferred. As disclosed: 8-Apr-24 The Vanguard Group, Inc. BUY 3.81 Ordinary 2,140 2,140.
Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Named as the lead entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for 11 trade rows. Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Controlled entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for two sale rows dated 11 June 2025. Ceasing to be a substantial holder ↗ | PurchaseOrdinary shares (ASX:PLS) | 2,140 | —Not Disclosed | — | — |
| 2024-04-08 | The Vanguard Group, Inc.
Details & evidence for The Vanguard Group, Inc. on 2024-04-08Form 605 records the disclosed BUY quantity. The consideration column shows 3.81, but unit basis and currency are not stated; no cash total or price is inferred. As disclosed: 8-Apr-24 The Vanguard Group, Inc. BUY 3.81 Ordinary 1,070 1,070.
Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Named as the lead entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for 11 trade rows. Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Controlled entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for two sale rows dated 11 June 2025. Ceasing to be a substantial holder ↗ | PurchaseOrdinary shares (ASX:PLS) | 1,070 | —Not Disclosed | — | — |
| 2024-04-05 | Vanguard Investments Australia Ltd.
Details & evidence for Vanguard Investments Australia Ltd. on 2024-04-05Form 605 records the disclosed SELL quantity. The consideration column shows 3.77, but unit basis and currency are not stated; no cash total or price is inferred. As disclosed: 5-Apr-24 Vanguard Investments Australia Ltd. SELL (15,078) Ordinary (15,078) (15,078).
Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Listed as a controlled entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for five trade rows. Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Controlled entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for four purchase rows dated 10-11 June 2025. Ceasing to be a substantial holder ↗ | SaleOrdinary shares (ASX:PLS) | 15,078 | —Not Disclosed | — | — |
| 2024-04-05 | Vanguard Investments Australia Ltd.
Details & evidence for Vanguard Investments Australia Ltd. on 2024-04-05Form 605 records the disclosed BUY quantity. The consideration column shows 3.77, but unit basis and currency are not stated; no cash total or price is inferred. As disclosed: 5-Apr-24 Vanguard Investments Australia Ltd. BUY 3.77 Ordinary 20,104 20,104.
Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Listed as a controlled entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for five trade rows. Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Controlled entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for four purchase rows dated 10-11 June 2025. Ceasing to be a substantial holder ↗ | PurchaseOrdinary shares (ASX:PLS) | 20,104 | —Not Disclosed | — | — |
| 2024-04-05 | The Vanguard Group, Inc.
Details & evidence for The Vanguard Group, Inc. on 2024-04-05Form 605 records the disclosed BUY quantity. The consideration column shows 3.84, but unit basis and currency are not stated; no cash total or price is inferred. As disclosed: 5-Apr-24 The Vanguard Group, Inc. BUY 3.84 Ordinary 16,695 16,695.
Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Named as the lead entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for 11 trade rows. Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) · Controlled entity in the reporting Vanguard Group; Annexure A identifies it as the relevant-interest holder for two sale rows dated 11 June 2025. Ceasing to be a substantial holder ↗ | PurchaseOrdinary shares (ASX:PLS) | 16,695 | —Not Disclosed | — | — |
| 2023-11-24 | Citibank, N.A. Sydney Branch
Details & evidence for Citibank, N.A. Sydney Branch on 2023-11-24This is the disclosed decrease in the branch's relevant interest, not evidence of an outright cash share sale. The filing identifies it as agent lender and holder of securities subject to an obligation to return; no underlying stock-market trade or account balance is stated. As disclosed: Citibank, N.A. Sydney Branch holds a decreased relevant interest in these shares acting as Agent Lender and as the holder of securities subject to an obligation to return under a securities lending agreement.
Citigroup Global Markets Australia and related Citigroup bodies corporate · Named as a related body corporate/associate within the reporting Citigroup group. Ceasing to be a substantial holder ↗ Ceasing to be a substantial holder ↗ | OtherOrdinary fully paid shares (ASX:PLS) | 11,224,131 | —Not Disclosed | — | — |
| 2023-11-24 | Citibank N.A.
Details & evidence for Citibank N.A. on 2023-11-24This is the disclosed increase in the bank's relevant interest under ordinary-course standard-term stock-market contracts, not evidence of an outright cash share purchase; no account balance is stated. As disclosed: Citibank N.A. holds an increased relevant interest in these shares pursuant to contracts entered into in the ordinary course of business on a stock market of a stock exchange, containing no terms and conditions other than standard terms and conditions.
Citigroup Global Markets Australia and related Citigroup bodies corporate · Named as a related body corporate/associate within the reporting Citigroup group. Ceasing to be a substantial holder ↗ | OtherOrdinary fully paid shares (ASX:PLS) | 93 | —Not Disclosed | — | — |
| 2023-11-24 | Citigroup Global Markets Limited
Details & evidence for Citigroup Global Markets Limited on 2023-11-24This is the disclosed decrease in the entity's relevant interest, not evidence of an outright cash share sale. The filing attributes the interest to securities-lending contracts with return obligations and ordinary-course stock-market contracts; it does not split the change between those bases or state an account balance. As disclosed: Citigroup Global Markets Limited holds a decreased relevant interest in these shares pursuant to contracts entered into subject to an obligation to return under a securities lending agreement and pursuant to contracts entered into in the ordinary course of business on a stock market of a stock exchange, containing no terms and conditions other than standard terms and conditions.
Citigroup Global Markets Australia and related Citigroup bodies corporate · Named as a related body corporate/associate within the reporting Citigroup group. Ceasing to be a substantial holder ↗ Ceasing to be a substantial holder ↗ | OtherOrdinary fully paid shares (ASX:PLS) | 5,877,921 | —Not Disclosed | — | — |
| 2023-11-24 | Citigroup Global Markets Australia Pty Limited
Details & evidence for Citigroup Global Markets Australia Pty Limited on 2023-11-24This is the disclosed increase in the entity's relevant interest, not evidence of an outright cash share purchase. The filing attributes the interest to securities-lending contracts with return obligations and ordinary-course stock-market contracts; it does not split the change between those bases or state an account balance. As disclosed: Citigroup Global Markets Australia Pty Limited holds an increased relevant interest in these shares pursuant to contracts entered into subject to an obligation to return under a securities lending agreement and pursuant to contracts entered into in the ordinary course of business on a stock market of a stock exchange, containing no terms and conditions other than standard terms and conditions.
Citigroup Global Markets Australia and related Citigroup bodies corporate · Named as the reporting holder's Australian entity and as a related body corporate/associate within the Citigroup group. Ceasing to be a substantial holder ↗ Ceasing to be a substantial holder ↗ | OtherOrdinary fully paid shares (ASX:PLS) | 8,303,077 | —Not Disclosed | — | — |
Disclosed holding observations26 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2026-10-27 | Citigroup Global Markets Australia and related Citigroup bodies corporate
Details & evidence for Citigroup Global Markets Australia and related Citigroup bodies corporate on 2026-10-27Aggregate 168,593,719 votes / 5.2262%; includes agent lending and securities subject to return obligations, not necessarily beneficial ownership. Master agreements and parties available on request.
Becoming a substantial holder ↗ Becoming a substantial holder ↗ Becoming a substantial holder ↗ | InitialOrdinary shares relevant interests | 168,593,719 | 5.23%Voting Power |
| 2026-10-26 | First Sentier Group Limited
Details & evidence for First Sentier Group Limited on 2026-10-26Section 2 reports aggregate voting power in a single fully paid ordinary shares line. The current footnote splits 28,969,643 votes for First Sentier Group and subsidiaries from 275,831,014 parent-reported MUFG votes; the previous 20 October notice split 24,919,871 group/subsidiary votes from 240,635,190 parent-reported votes. The listed 28 purchases total 4,049,772 and exactly reconcile the group/subsidiary component increase. The 29 October MUFG Form 604 (2924-03155496-6A1352512, p.1) separately reports 303,800,657 ordinary-share votes and 1,000,000 option votes; its total including options matches the FSI aggregate of 304,800,657. The previous MUFG figures likewise sum to 265,555,061. This explains the aggregate arithmetic but leaves a class-label difference because the FSI line does not separate the options. MUFG Form Annexure A pp.4, 26, 42, 59, 74 and 91 contains exact duplicates of the 28 FSI trade rows; its other 3,901 rows remain untranscribed in unresolved source 2924-03155496-6A1352512. The 35,195,824 increase in MUFG-reported votes has no transaction detail in this FSI notice; page 3 says MUFG supplied no further details and that no transaction information is recorded.
Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ | PositionFully paid ordinary shares | 304,800,657 | 9.45%Voting Power |
| 2026-10-16 | First Sentier Group Limited
Details & evidence for First Sentier Group Limited on 2026-10-16The present total comprises 24,919,871 votes attributed to First Sentier Group and subsidiaries and 240,635,190 votes in which MUFG informed the group it had voting power. The filing does not provide an opening split for the parent-reported interest.
Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ | PositionFully paid ordinary shares | 265,555,061 | 8.23%Voting Power |
| 2026-10-15 | First Sentier Group Limited
Details & evidence for First Sentier Group Limited on 2026-10-15The reported present total includes 24,103,400 shares attributed to First Sentier Group Limited and subsidiaries and 208,295,319 votes in which MUFG informed the group it had voting power. The opening split and parent transaction details are not disclosed.
Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ | PositionFully paid ordinary shares | 232,398,719 | 7.20%Voting Power |
| 2026-09-07 | First Sentier Group Limited
Details & evidence for First Sentier Group Limited on 2026-09-07The group ceased to be a substantial holder on 7 September 2026; the notice does not state the remaining number of shares or voting percentage. Cessation is not a zero-share balance.
Ceasing to be a substantial holder ↗ Ceasing to be a substantial holder ↗ | ThresholdFully paid ordinary shares (ASX:PLS) | — | — |
| 2026-04-29 | AustralianSuper Pty Ltd
Details & evidence for AustralianSuper Pty Ltd on 2026-04-29AustralianSuper's reported relevant interest decreased from 447,339,336 votes / 13.88% to 414,818,089 / 12.87%; JPMorgan Nominees Australia Ltd is the registered holder and person entitled to be registered. The notice cites the 9 April prior filing (2924-03078185-6A1320221), which remains pending; no transactions from it are inferred.
JPMorgan Nominees Australia Ltd · Form 604 section 4 identifies JPMorgan Nominees Australia Ltd as the registered holder and person entitled to be registered for AustralianSuper's reported PLS interest. Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ | PositionOrdinary shares (ASX:PLS) | 414,818,089 | 12.87%Voting Power |
| 2026-04-09 | AustralianSuper Pty Ltd
Details & evidence for AustralianSuper Pty Ltd on 2026-04-09AustralianSuper's reported relevant interest decreased from 486,762,058 votes / 15.11% to 447,339,336 / 13.88%, registered through JPMorgan Nominees Australia Ltd.
JPMorgan Nominees Australia Ltd · Form 604 section 4 identifies JPMorgan Nominees Australia Ltd as the registered holder and person entitled to be registered for AustralianSuper's reported PLS interest. Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ | PositionOrdinary shares (ASX:PLS) | 447,339,336 | 13.88%Voting Power |
| 2026-03-10 | First Sentier Group Limited
Details & evidence for First Sentier Group Limited on 2026-03-10The group ceased to be a substantial holder on 10 March 2026; this notice does not state the remaining shares or voting percentage. Cessation is not a zero-share balance.
Ceasing to be a substantial holder ↗ Ceasing to be a substantial holder ↗ Ceasing to be a substantial holder ↗ | ThresholdFully paid ordinary shares (ASX:PLS) | — | — |
| 2026-01-27 | GFL International Co., Limited
Details & evidence for GFL International Co., Limited on 2026-01-27The holder ceased to be substantial on 27 January 2026; remaining shares and voting percentage are not reported. This is not a zero-share holding.
Ceasing to be a substantial holder ↗ | ThresholdOrdinary shares (ASX:PLS) | — | — |
| 2026-01-14 | AustralianSuper Pty Ltd
Details & evidence for AustralianSuper Pty Ltd on 2026-01-14AustralianSuper's reported relevant interest decreased from 523,907,297 votes / 16.27% to 486,762,058 / 15.11%; JPMorgan Nominees Australia Ltd is the registered holder and person entitled to be registered.
JPMorgan Nominees Australia Ltd · Form 604 section 4 identifies JPMorgan Nominees Australia Ltd as the registered holder and person entitled to be registered for AustralianSuper's reported PLS interest. Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ | PositionOrdinary shares (ASX:PLS) | 486,762,058 | 15.11%Voting Power |
| 2025-09-10 | AustralianSuper Pty Ltd
Details & evidence for AustralianSuper Pty Ltd on 2025-09-10AustralianSuper's reported relevant interest increased from 504,964,659 votes / 15.69% to 564,721,217 / 17.54%. JPMorgan Nominees Australia Ltd is identified as registered holder and person entitled to be registered.
JPMorgan Nominees Australia Ltd · Form 604 section 4 identifies JPMorgan Nominees Australia Ltd as the registered holder and person entitled to be registered for AustralianSuper's reported PLS interest. Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ | PositionOrdinary shares (ASX:PLS) | 564,721,217 | 17.54%Voting Power |
| 2025-09-03 | AustralianSuper Pty Ltd
Details & evidence for AustralianSuper Pty Ltd on 2025-09-03AustralianSuper's reported relevant interest increased from 462,623,675 votes / 14.37% to 504,964,659 / 15.69%. JPMorgan Nominees Australia Ltd is identified as registered holder and person entitled to be registered.
JPMorgan Nominees Australia Ltd · Form 604 section 4 identifies JPMorgan Nominees Australia Ltd as the registered holder and person entitled to be registered for AustralianSuper's reported PLS interest. Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ | PositionOrdinary shares (ASX:PLS) | 504,964,659 | 15.69%Voting Power |
| 2025-08-29 | AustralianSuper Pty Ltd
Details & evidence for AustralianSuper Pty Ltd on 2025-08-29AustralianSuper's reported relevant interest increased from 423,621,499 votes / 13.16% to 462,623,675 / 14.37%. JPMorgan Nominees Australia Ltd is identified as registered holder and person entitled to be registered.
JPMorgan Nominees Australia Ltd · Form 604 section 4 identifies JPMorgan Nominees Australia Ltd as the registered holder and person entitled to be registered for AustralianSuper's reported PLS interest. Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ | PositionOrdinary shares (ASX:PLS) | 462,623,675 | 14.37%Voting Power |
| 2025-06-11 | Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A)
Details & evidence for Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) on 2025-06-11The Vanguard Group ceased to be substantial on 11 June 2025 and reports 4.999% voting power after the changes. The six listed row quantities net to a decrease of 60,972 shares; no absolute closing share count is disclosed. Cessation does not imply a zero balance. The previous notice dated and given 10 June 2025 (2924-02955441-6A1268081) remains pending; no opening share count is inferred here.
Ceasing to be a substantial holder ↗ Ceasing to be a substantial holder ↗ Ceasing to be a substantial holder ↗ | ThresholdOrdinary shares (ASX:PLS); aggregate relevant interests | — | 5.00%Voting Power |
| 2024-12-04 | First Sentier Investors Holdings Pty Limited
Details & evidence for First Sentier Investors Holdings Pty Limited on 2024-12-04The group reported ceasing to be substantial on 4 December 2024. Annexure B says no trade to report. No remaining share balance or voting percentage is stated; cessation does not imply zero shares.
First Sentier Group Limited · Same ACN 630 725 558; the 2024 Form 603 uses the name First Sentier Investors Holdings Pty Limited, while the later Form 604 uses First Sentier Group Limited. Ceasing to be a substantial holder ↗ Ceasing to be a substantial holder ↗ Becoming a substantial holder ↗ | ThresholdFully paid ordinary shares (ASX:PLS); aggregate relevant interests | — | — |
| 2024-12-03 | First Sentier Investors Holdings Pty Limited
Details & evidence for First Sentier Investors Holdings Pty Limited on 2024-12-03Reported aggregate position when the group became substantial. Section 2 reports 156,754,914 votes / 5.21%. Section 3 separately lists RQI 8,465,805, IM 8,341,377 and MUFG 148,289,109; Section 4 lists registered positions only for RQI and MUFG. The overlap or omitted IM allocation is not explained, so these component figures are not summed or used to infer a distinct IM position.
First Sentier Group Limited · Same ACN 630 725 558; the 2024 Form 603 uses the name First Sentier Investors Holdings Pty Limited, while the later Form 604 uses First Sentier Group Limited. Becoming a substantial holder ↗ Becoming a substantial holder ↗ Becoming a substantial holder ↗ | InitialFully paid ordinary shares (ASX:PLS); aggregate relevant interests | 156,754,914 | 5.21%Voting Power |
| 2024-11-29 | Citigroup Global Markets Australia and related Citigroup bodies corporate
Details & evidence for Citigroup Global Markets Australia and related Citigroup bodies corporate on 2024-11-29The reporting group ceased to be substantial on 29 November 2024. The five reported decreases in relevant interests net to 54,236,390; the Form 605 does not state an aggregate closing number of shares or voting percentage. Cessation is not treated as a zero position.
Ceasing to be a substantial holder ↗ Ceasing to be a substantial holder ↗ Ceasing to be a substantial holder ↗ Change in substantial holding ↗ | ThresholdOrdinary fully paid shares (ASX:PLS); aggregate relevant interests | — | — |
| 2024-11-26 | Citigroup Global Markets Australia and related Citigroup bodies corporate
Details & evidence for Citigroup Global Markets Australia and related Citigroup bodies corporate on 2024-11-26Aggregate relevant interests of 196,460,930 ordinary shares and 6.5236% voting power after the five 26 November changes. Section 4's five component positions (75,755,659; 11,536,510; 42,036,346; 67,121,456; 10,959) sum exactly to the aggregate. The interests include securities-lending and agency arrangements and are not all evidence of outright beneficial ownership.
Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ | PositionOrdinary fully paid shares (ASX:PLS); aggregate relevant interests | 196,460,930 | 6.52%Voting Power |
| 2024-10-30 | Citigroup Global Markets Australia and related Citigroup bodies corporate
Details & evidence for Citigroup Global Markets Australia and related Citigroup bodies corporate on 2024-10-30Aggregate voting position stated for the previous notice dated and given 30 October 2024.
Change in substantial holding ↗ | PositionOrdinary fully paid shares (ASX:PLS); aggregate relevant interests | 165,407,887 | 5.49%Voting Power |
| 2024-10-28 | Citigroup Global Markets Australia and related Citigroup bodies corporate
Details & evidence for Citigroup Global Markets Australia and related Citigroup bodies corporate on 2024-10-28Aggregate relevant interests of 165,407,887 ordinary shares and 5.4926% voting power after the five 28 October changes. Section 4's five component positions (44,688,339; 276,295; 33,464,086; 86,965,748; 13,419) sum exactly to the aggregate. The interests include securities-lending and agency arrangements and are not all evidence of outright beneficial ownership.
Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ | PositionOrdinary fully paid shares (ASX:PLS); aggregate relevant interests | 165,407,887 | 5.49%Voting Power |
| 2024-10-03 | First Sentier Investors Holdings Pty Limited
Details & evidence for First Sentier Investors Holdings Pty Limited on 2024-10-03First Sentier Investors Holdings Pty Limited reported becoming substantial on 3 October 2024. Its Section 3 repeats the 8,197,210-share subsidiary interest under both RQI and Australia IM, while Section 4 assigns the 180,255 and 8,016,955 registered holdings to RQI; the shared component is counted once.
First Sentier Group Limited · Same ACN 630 725 558; the 2024 Form 603 uses the name First Sentier Investors Holdings Pty Limited, while the later Form 604 uses First Sentier Group Limited. Becoming a substantial holder ↗ Becoming a substantial holder ↗ | ThresholdFully paid ordinary shares (ASX:PLS) | 152,909,216 | 5.08%Voting Power |
| 2024-08-19 | Citigroup Global Markets Australia and related Citigroup bodies corporate
Details & evidence for Citigroup Global Markets Australia and related Citigroup bodies corporate on 2024-08-19Aggregate voting position stated for the previous notice dated and given 19 August 2024.
Change in substantial holding ↗ | PositionOrdinary fully paid shares (ASX:PLS); aggregate relevant interests | 200,479,554 | 6.66%Voting Power |
| 2024-08-15 | Citigroup Global Markets Australia and related Citigroup bodies corporate
Details & evidence for Citigroup Global Markets Australia and related Citigroup bodies corporate on 2024-08-15Aggregate relevant interests of 200,479,554 ordinary shares and 6.6585% voting power when the group became substantial on 15 August 2024. The five component figures are 40,976,276; 8,232,662; 32,875,503; 17,470; and 118,377,643, which sum exactly to the aggregate. The form lists Citicorp Nominees Pty Limited for four registered-holder entries and Various for Citibank, N.A. Sydney Branch. The interests include securities-lending and agent-lender arrangements and are not all evidence of outright beneficial ownership.
Becoming a substantial holder ↗ Becoming a substantial holder ↗ Becoming a substantial holder ↗ Becoming a substantial holder ↗ Becoming a substantial holder ↗ Becoming a substantial holder ↗ | InitialOrdinary fully paid shares (ASX:PLS); aggregate relevant interests | 200,479,554 | 6.66%Voting Power |
| 2024-04-10 | Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A)
Details & evidence for Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those listed in Annexure A) on 2024-04-10The group ceased to be substantial on 10 April 2024 and reported that it then held 4.999% of voting power. The notice does not report the aggregate share count; cessation is not a zero position.
Ceasing to be a substantial holder ↗ Ceasing to be a substantial holder ↗ Ceasing to be a substantial holder ↗ | ThresholdOrdinary shares (ASX:PLS); Vanguard Group aggregate relevant interests | — | 5.00%Voting Power |
| 2023-11-24 | Citigroup Global Markets Australia and related Citigroup bodies corporate
Details & evidence for Citigroup Global Markets Australia and related Citigroup bodies corporate on 2023-11-24The reporting group ceased to be substantial on 24 November 2023. The four changes in the Form 605 rows are preserved as separate relevant-interest changes; their signed net is a decrease of 8,798,882. The notice does not state the group's aggregate closing shares or voting percentage, and cessation is not treated as a zero balance.
Ceasing to be a substantial holder ↗ Ceasing to be a substantial holder ↗ Ceasing to be a substantial holder ↗ Becoming a substantial holder ↗ | ThresholdOrdinary fully paid shares (ASX:PLS); aggregate relevant interests | — | — |
| 2023-11-22 | Citigroup Global Markets Australia and related Citigroup bodies corporate
Details & evidence for Citigroup Global Markets Australia and related Citigroup bodies corporate on 2023-11-22Aggregate relevant interests of 157,372,714 ordinary shares and 5.2293% voting power on 22 November 2023, as reported. The five component figures are 30,931,920; 11,376; 88,633,977; 34,963,695; and 2,831,746, which sum exactly to the aggregate. Each is registered to Citicorp Nominees Pty Limited. The listed securities-lending and agent-lender arrangements include return obligations and are not all evidence of outright beneficial ownership.
Becoming a substantial holder ↗ Becoming a substantial holder ↗ Becoming a substantial holder ↗ Becoming a substantial holder ↗ Becoming a substantial holder ↗ Becoming a substantial holder ↗ | InitialOrdinary fully paid shares (ASX:PLS); aggregate relevant interests | 157,372,714 | 5.23%Voting Power |
The closest covered peers
Peer comparison
Peer comparison pending
No peer comparison has been saved for this company.
An on-demand analysis selects up to five closest peers and checks what their differences mean for independent fair value.
Narrative and provenance
Research & Sources
AI Analyst Report
The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.
Sign in or enter a guest codeChronological evidenceSource-document inventory34 documents
Notification regarding unquoted securities - PLSCorporate Action · HighPartial
Latest capital register; employee awards and trustee transfers reconciled without double counting already issued shares.
- Document ID
- pls-capital-oct12
- Published UTC
- 2026-10-12T00:18:18.000Z
- Projects
- pilgangoora
- Commodities
- lithium
ASX PLS ordinary-share closeMarket Data · HighExtracted
miners.reference_price: AUD3.50 raw and adjusted close on 9 October 2026; four days before cutoff; one ordinary ASX PLS share.
- Document ID
- pls-market-reference
- Published UTC
- 2026-10-09T06:00:00Z
- Projects
- —
- Commodities
- —
Notification regarding unquoted securities - PLSCorporate Action · MediumMetadata Only
Locally inventoried release; not relied upon for this fresh valuation. Later complete capital register and FY26 annual report supersede intermediate notices.
- Document ID
- pls-capital-oct7
- Published UTC
- 2026-10-07T03:29:55.000Z
- Projects
- pilgangoora
- Commodities
- lithium
September 2026 Resources and Energy QuarterlyCommodity Data · HighPartial
Official forecast: nominal and real prices differ; SC6 benchmark is converted to SC5.3 product. Table footnote real label is ambiguous; nominal row is used. Publication date verified; intraday timestamp unavailable and normalized to midnightUTC; not a price-chart event.
- Document ID
- pls-req
- Published UTC
- 2026-10-02T00:00:00Z
- Projects
- pilgangoora
- Commodities
- lithium
September 2026 Quarterly Activities Report advisoryOther · MediumPartial
Primary issuer advisory schedules September quarter results for27October2026; no financial results disclosed in the advisory.
- Document ID
- pls-calendar
- Published UTC
- 2026-09-22T14:00:00+00:00
- Projects
- pilgangoora
- Commodities
- lithium
2026 Annual General MeetingOther · LowMetadata Only
Locally inventoried release; not relied upon for this fresh valuation. Later complete capital register and FY26 annual report supersede intermediate notices.
- Document ID
- pls-agm
- Published UTC
- 2026-09-13T14:00:00+00:00
- Projects
- —
- Commodities
- lithium
Ceasing to be a substantial holder from MUFGOther · LowMetadata Only
Locally inventoried release; not relied upon for this fresh valuation. Later complete capital register and FY26 annual report supersede intermediate notices.
- Document ID
- pls-inventory-5
- Published UTC
- 2026-09-09T14:00:00+00:00
- Projects
- —
- Commodities
- lithium
Ceasing to be a substantial holder from MSOther · LowMetadata Only
Locally inventoried release; not relied upon for this fresh valuation. Later complete capital register and FY26 annual report supersede intermediate notices.
- Document ID
- pls-inventory-6
- Published UTC
- 2026-09-09T14:00:00+00:00
- Projects
- —
- Commodities
- lithium
Ceasing to be a substantial holderOther · LowMetadata Only
Locally inventoried release; not relied upon for this fresh valuation. Later complete capital register and FY26 annual report supersede intermediate notices.
- Document ID
- pls-inventory-7
- Published UTC
- 2026-09-08T14:00:00+00:00
- Projects
- —
- Commodities
- lithium
Notification regarding unquoted securities - PLSOther · LowMetadata Only
Locally inventoried release; not relied upon for this fresh valuation. Later complete capital register and FY26 annual report supersede intermediate notices.
- Document ID
- pls-inventory-8
- Published UTC
- 2026-09-07T14:00:00+00:00
- Projects
- —
- Commodities
- lithium
Becoming a substantial holder from MUFGOther · LowMetadata Only
Locally inventoried release; not relied upon for this fresh valuation. Later complete capital register and FY26 annual report supersede intermediate notices.
- Document ID
- pls-inventory-9
- Published UTC
- 2026-09-06T14:00:00+00:00
- Projects
- —
- Commodities
- lithium
Becoming a substantial holder from MSOther · LowMetadata Only
Locally inventoried release; not relied upon for this fresh valuation. Later complete capital register and FY26 annual report supersede intermediate notices.
- Document ID
- pls-inventory-10
- Published UTC
- 2026-09-06T14:00:00+00:00
- Projects
- —
- Commodities
- lithium
Becoming a substantial holderOther · LowMetadata Only
Locally inventoried release; not relied upon for this fresh valuation. Later complete capital register and FY26 annual report supersede intermediate notices.
- Document ID
- pls-inventory-11
- Published UTC
- 2026-09-03T14:00:00+00:00
- Projects
- —
- Commodities
- lithium
Ceasing to be a substantial holder from MUFGOther · LowMetadata Only
Locally inventoried release; not relied upon for this fresh valuation. Later complete capital register and FY26 annual report supersede intermediate notices.
- Document ID
- pls-inventory-12
- Published UTC
- 2026-09-02T14:00:00+00:00
- Projects
- —
- Commodities
- lithium
Application for quotation of securities - PLSCorporate Action · MediumMetadata Only
Locally inventoried release; not relied upon for this fresh valuation. Later complete capital register and FY26 annual report supersede intermediate notices.
- Document ID
- pls-capital-sep3
- Published UTC
- 2026-09-03T03:13:04.000Z
- Projects
- pilgangoora
- Commodities
- lithium
Ceasing to be a substantial holderOther · LowMetadata Only
Locally inventoried release; not relied upon for this fresh valuation. Later complete capital register and FY26 annual report supersede intermediate notices.
- Document ID
- pls-inventory-14
- Published UTC
- 2026-09-01T14:00:00+00:00
- Projects
- —
- Commodities
- lithium
Notification regarding unquoted securities - PLSOther · LowMetadata Only
Locally inventoried release; not relied upon for this fresh valuation. Later complete capital register and FY26 annual report supersede intermediate notices.
- Document ID
- pls-inventory-15
- Published UTC
- 2026-08-30T14:00:00+00:00
- Projects
- —
- Commodities
- lithium
Change of Director's Interest NoticeOther · LowMetadata Only
Locally inventoried release; not relied upon for this fresh valuation. Later complete capital register and FY26 annual report supersede intermediate notices.
- Document ID
- pls-inventory-16
- Published UTC
- 2026-08-30T14:00:00+00:00
- Projects
- —
- Commodities
- lithium
Application for quotation of securities - PLSOther · LowMetadata Only
Locally inventoried release; not relied upon for this fresh valuation. Later complete capital register and FY26 annual report supersede intermediate notices.
- Document ID
- pls-inventory-17
- Published UTC
- 2026-08-30T14:00:00+00:00
- Projects
- —
- Commodities
- lithium
Change in substantial holdingOther · LowMetadata Only
Locally inventoried release; not relied upon for this fresh valuation. Later complete capital register and FY26 annual report supersede intermediate notices.
- Document ID
- pls-inventory-18
- Published UTC
- 2026-08-26T14:00:00+00:00
- Projects
- —
- Commodities
- lithium
FY26 Full Year ResultsResults · MediumMetadata Only
Locally inventoried release; not relied upon for this fresh valuation. Later complete capital register and FY26 annual report supersede intermediate notices.
- Document ID
- pls-fy-results
- Published UTC
- 2026-08-23T21:45:44Z
- Projects
- pilgangoora
- Commodities
- lithium
FY26 Full Year Results PresentationPresentation · HighPartial
FY26 strategy and results; additional bank-guaranteed offtake floor disclosed without counterparty or committed volume.
- Document ID
- pls-fy-presentation
- Published UTC
- 2026-08-23T21:45:59Z
- Projects
- pilgangoora
- Commodities
- lithium
2026 Annual Report (incorporating Appendix 4E)Results · HighPartial
Audited FY26 financials, physical operations, resources/reserves, ownership, arrangements and subsequent events; relevant table pages visually checked.
- Document ID
- pls-annual
- Published UTC
- 2026-08-23T21:45:04Z
- Projects
- pilgangoora · colina · p-pls · mid-stream-demonstration · ganfeng-downstream · pf-mineracao
- Commodities
- lithium
June 2026 Quarterly Activities ReportOperations · HighPartial
Latest operational quarter at cutoff; FY27 production, cost and capex guidance supersede FY26 forecasts.
- Document ID
- pls-jun-quarter
- Published UTC
- 2026-07-29T22:00:29Z
- Projects
- pilgangoora
- Commodities
- lithium
March Quarter FY26 Activities PresentationPresentation · LowMetadata Only
Locally inventoried release; not relied upon for this fresh valuation. Later complete capital register and FY26 annual report supersede intermediate notices.
- Document ID
- pls-mar-presentation
- Published UTC
- 2026-04-23T22:00:40Z
- Projects
- —
- Commodities
- lithium
March 2026 Quarterly Activities ReportOperations · MediumPartial
Reviewed for updated operating, financial or capital context.
- Document ID
- pls-mar-quarter
- Published UTC
- 2026-04-23T22:00:30Z
- Projects
- pilgangoora
- Commodities
- lithium
Interim Financial Report (Incorporating Appendix 4D)Results · MediumMetadata Only
Locally inventoried release; not relied upon for this fresh valuation. Later complete capital register and FY26 annual report supersede intermediate notices.
- Document ID
- pls-half-financial
- Published UTC
- 2026-02-18T21:00:56Z
- Projects
- pilgangoora
- Commodities
- lithium
FY26 Interim ResultsResults · MediumMetadata Only
Locally inventoried release; not relied upon for this fresh valuation. Later complete capital register and FY26 annual report supersede intermediate notices.
- Document ID
- pls-half-results
- Published UTC
- 2026-02-18T21:01:11Z
- Projects
- pilgangoora
- Commodities
- lithium
FY26 Interim Results PresentationPresentation · LowMetadata Only
Locally inventoried release; not relied upon for this fresh valuation. Later complete capital register and FY26 annual report supersede intermediate notices.
- Document ID
- pls-half-presentation
- Published UTC
- 2026-02-18T21:02:21Z
- Projects
- —
- Commodities
- lithium
Canmax-offtake-agent-retrievedEconomic Arrangement · HighPartial
Original primary filing confirms 150ktpa binding supply, US$1,000 SC6 floor, US$100m interest-free prepayment and supply through mid-CY28.
- Document ID
- pls-canmax
- Published UTC
- 2026-02-09T13:00:00+00:00
- Projects
- pilgangoora
- Commodities
- lithium
December Quarterly Activities ReportOperations · MediumPartial
Reviewed for updated operating, financial or capital context.
- Document ID
- pls-dec-quarter
- Published UTC
- 2026-01-29T21:18:53Z
- Projects
- pilgangoora
- Commodities
- lithium
December Quarterly Activities PresentationPresentation · LowMetadata Only
Locally inventoried release; not relied upon for this fresh valuation. Later complete capital register and FY26 annual report supersede intermediate notices.
- Document ID
- pls-dec-presentation
- Published UTC
- 2026-01-29T21:19:08Z
- Projects
- —
- Commodities
- lithium
September Quarterly Activities ReportOperations · MediumPartial
Reviewed for updated operating, financial or capital context.
- Document ID
- pls-sep-quarter
- Published UTC
- 2025-10-23T21:22:37Z
- Projects
- pilgangoora
- Commodities
- lithium
P2000 pre-feasibility outcomesStudy · HighPartial
Original PFS bounds capacity, recovery, capital and scenario economics; 2026 study timing supersedes original timetable. Publication date verified; intraday timestamp unavailable and normalized to midnightUTC; not a price-chart event.
- Document ID
- pls-p2000-pfs
- Published UTC
- 2024-06-21T00:00:00Z
- Projects
- pilgangoora
- Commodities
- lithium
Evidence facts56
3225946768 shares
2026-10-123244338510 shares
2026-10-122289977000 AUD
2026-06-30950801000 AUD
2026-06-30281408000 AUD
2026-06-304077938000 AUD
2026-06-301934018000 AUD
2026-06-301136993000 AUD
2026-06-30525761000 AUD
2026-06-301364686000 AUD
2026-06-30344332000 AUD
2026-06-30500000000 AUD
2026-06-30100 %
2026-06-30100 %
2026-06-3018 %
2026-06-30100 %
2026-06-3050 %
2026-06-3070 %
2026-06-30100 %
2026-06-30440000000 t
2026-06-301.28 % Li2O
2026-06-305632000 t Li2O
2026-06-3077700000 t
2026-06-301.24 % Li2O
2026-06-30948900 t Li2O
2026-06-30202700000 t
2026-06-301.16 % Li2O
2026-06-302351320 t Li2O
2026-06-3086.57657657657658 %
2026-06-30open pit concept text
2026-06-300.5 % Li2O
2026-06-3011912.121 t Li2O
2025-09-3010817.144 t Li2O
2025-12-3112319.108 t Li2O
2026-03-3111359.331 t Li2O
2026-06-3046615.779 t Li2O
2026-06-301.3 % Li2O
2026-06-3043000 t lithium hydroxide/year
2026-06-3027000 t concentrate/year
2026-06-30battery-grade lithium hydroxide text
2026-06-30lithium phosphate text
2026-06-30Pilgangoora concentrate text
2026-06-30Pilgangoora concentrate text
2026-06-3026.676744186046513 %
2026-06-3065180000 AUD
2026-06-30Aggregate listed equity investments at reported carrying value text
2026-06-3011622.641509433963 AUD/t Li2O
2026-06-3076.8 %
2026-06-30976579 t ore
2026-06-301065000 t concentrate
2027-06-30104.08792899408283 %
2026-06-3092500000 AUD
2027-06-309811.320754716982 AUD/t Li2O
2026-03-3111250.0 AUD/t Li2O
2025-12-3110188.67924528302 AUD/t Li2O
2025-09-303.5 AUD/share
2026-10-09Conflicts requiring judgment2
- ordinaryshares
LatestexactcapitalregistersupersedesroundedJuneordinaryshares;administrativequotationofexistingloansharesisnotnewdilution.
- operatingcostversusAISC
FOBexcludesfreight/royaltiesandcapitalizedstripping; CIFincludesfreight/royaltiesbutneitherisAISC. NoAISCmetricinvented.