HOLD RECOMMENDATIONS Pilbara Minerals (PLS) Chart: Share price over the year The key to its success has been first mover status in the burgeoning Western Australia lithium sector. It acquired a first class acreage position when lithium wasn't a mainstream investment story. It has since implemented a meticulous program of exploration and appraisal activity that's demonstrated the scope and high quality of its spodumene-lithium resource base. This has flowed to successful off take agreements, with high quality end users in China providing project development funding. The company is about to export its first shipment of spodumene concentrate. Kibaran Resources (KNL) Chart: Share price over the year KNL has received assurances from Tanzanian authorities regarding renewal of its mining licence for the Epanko graphite project. This is a significant project development, as it provides greater certainty to the investment market and potential funding partners.