Pilbara Minerals Limited (ASX:PLS) is starting to scan the market for potential acquisitions amid an industry-wide deal-making spree, but will continue to prioritize the expansion of its Pilgangoora operation to boost production and lower costs, its chief executive said in an interview. Dale Henderson said on Oct. 26, 2023 that expanding Pilgangoora, one of the largest hard-rock lithium deposits in the world, is the quickest way for the company to create value for shareholders.

"That being said, we are building up the BD [business-development] muscle of our business and we'll start to run the rule on prospective opportunities and position ourselves such that if we see something which is a sensible accretive extension, we'll grab that," he said. "We're certainly in no rush".