Shares of Pilbara Minerals (ASX:PLS) have seen an increase of up to 3.4% to A$5.160, marking their highest level since July 20.

This also marks the company’s most significant intraday climb since July 26; Pilbara Minerals is potentially heading for its fifth consecutive session of gains if the ascending trend continues.

The company also emerges as the largest gainer in the ASX 200 benchmark index.

According to the company, their recent drilling program led to a boost in mineral resource estimate by 109 million tonnes to 414 million tonnes at its Pilgangoora lithium operation in Western Australia.

Furthermore, the revised mineral resource now includes 4.75 mt of lithium oxide.

As of the last closure, Pilbara Minerals has escalated 33.1% this year, which stands in stark contrast to a 4.1% increase in the ASX 200 benchmark index.

Pilbara Minerals is an Australian mining company specializing in the extraction of lithium.