Pilbara Minerals approves Pilgangoora stage two expansion
November 12th, 2018
Pilbara Minerals is moving forward with the stage two expansion of the Pilgangoora lithium-tantalum operation in Western Australia after its board approved the project.
The approval will pave the way for Pilbara Minerals to secure regulatory approvals and to fulfil the remaining balance of project funding to propel Pilgangoora into a 5 million tonne a year (Mt/y) operation.
Pilgangoora will deliver more than 800,000t/y of high-quality spodumene concentrate once it has been expanded.
Pilbara Minerals anticipates the final investment decision to conclude this quarter, as it continues working with bondholders and offtake partners.
Managing director Ken Brinsden said, “Against a backdrop of significant demand growth for lithium raw materials over the coming decade, the quality and scale of the resource at our Pilgangoora project demands further expansion.
“This will ensure it becomes a mainstay in the next generation of large-scale, low-cost mines to support the significant growth in downstream lithium hydroxide capacity.” Read more…