Market Update

General - Pilbara

Good afternoon

US consumer confidence is rocketing...European business confidence is cooling for a second month - but coming from a 17-year high.

German inflation very low at 1.2% - probably helping the US$, which is very strong today and is putting some pressure on gold & base metals. The A$ is testing recent lows at 78ct against the US$.

The new FED boss seems to have teh same rethoric as Yellen...not such a big surprise perhaps.

Pilbara Minerals - the stock is suspended - looks like Posco is taking a 5% stake in the lithium producer, and will drive forward a Korean JV with PLS for the production of lithium carbonate. That should be a good downstream move fore PLS, and anotehr cash injection, which will make financing the last bit for the lithium expansion an easy task.

Strike Energy - Jaws No 1, the all-importnat drill hole, is progressing very well so far and has already reached total depth of about 2000m.

Not much more to rport, I fear!

Have a good evening!