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Pilbara Minerals Ltd.
Summary
| Project: | Pilgangoora | |
|---|---|---|
| Deposit: | Pilgangoora | |
| Location: | Australia | |
| Commodities: | Tantalum-Lithium | |
| Date: | 2/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 13-2-2018: Pilbara Minerals Ltd. announces a Pre-Feasibility Study report for its Pilgangoora deposit at the Pilgangoora project. Clarified report fixing a typo on Page 13. (Reserve, P+P): 80.3Mt @ 1.27% Li2O, 123ppm Ta2O5, 1.08% Fe2O3 at project. Austral | |
| Resources: | (Reserve, P+P): 80.3Mt @ 1.27% Li2O, 123ppm Ta2O5, 1.08% Fe2O3 at project | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | (Reserve, P+P): 80.3Mt @ 1.27% Li2O, 123ppm Ta2O5, 1.08% Fe2O3 at project. Australian lithium developer Pilbara Minerals Limited (ASX: PLS) (“Pilbara Minerals” or “the Company”) is pleased to advise that it has taken an important step towards its objective of unlocking further potential at its flagship 100%- owned Pilgangoora Lithium-Tantalum Project (“Pilgangoora Project” or “Project”) in WA with the delivery of a PFS which outlines a compelling business case for commencing the expansion of the Project to 5Mtpa of production and processing capacity within months of starting production of spodumene concentrate from the Stage 1, 2Mtpa operation in mid-2018. The exceptional results of the Stage 2, 5Mtpa PFS clearly demonstrate the strong financial and technical merits of the expansion project, paving the way for further definitive assessment through an ongoing DFS, which is targeting completion mid CY 2018. The PFS results re-affirm the Pilgangoora Project’s scale, globally competitive forecast cash operating costs, robust operating margins, long life and exceptional economic returns – highlighting its capacity to take full advantage of the current and future expected “The compelling results of the Stage 2 PFS provided a clear pathway to unlock further value in the outstanding Pilgangoora lithium-tantalum resource and, in the process, cement its position as a globally significant, lowcost supplier of lithium raw materials for decades to come. The exponential growth which is occurring across the lithium-ion supply chain as the industry in China and elsewhere gears up for transformational growth to meet demand from the automotive and energy storage sectors is now becoming better understood. It was against this backdrop that we commenced the Stage 2 expansion studies at Pilgangoora last year in parallel with construction of the Stage 1, 2Mtpa project.(Reserve, P+P): 80.3Mt @ 1.27% Li2O, 123ppm Ta2O5, 1.08% Fe2O3 at project. Australian lithium developer Pilbara Minerals Limited (ASX: PLS) (“Pilbara Minerals” or “the Company”) is pleased to advise that it has taken an important step towards its objective of unlocking further potential at its flagship 100%- owned Pilgangoora Lithium-Tantalum Project (“Pilgangoora Project” or “Project”) in WA with the delivery of a PFS which outlines a compelling business case for commencing the expansion of the Project to 5Mtpa of production and processing capacity within months of starting production of spodumene concentrate from the Stage 1, 2Mtpa operation in mid-2018. The exceptional results of the Stage 2, 5Mtpa PFS clearly demonstrate the strong financial and technical merits of the expansion project, paving the way for further definitive assessment through an ongoing DFS, which is targeting completion mid CY 2018. The PFS results re-affirm the Pilgangoora Project’s scale, globally competitive forecast cash operating costs, robust operating margins, long life and exceptional economic returns – highlighting its capacity to take full advantage of the current and future expected “The compelling results of the Stage 2 PFS provided a clear pathway to unlock further value in the outstanding Pilgangoora lithium-tantalum resource and, in the process, cement its position as a globally significant, lowcost supplier of lithium raw materials for decades to come. The exponential growth which is occurring across the lithium-ion supply chain as the industry in China and elsewhere gears up for transformational growth to meet demand from the automotive and energy storage sectors is now becoming better understood. It was against this backdrop that we commenced the Stage 2 expansion studies at Pilgangoora last year in parallel with construction of the Stage 1, 2Mtpa project. | |
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