Pilbara Minerals Limited has interests in four project areas in the West Pilbara region of Western Australia.

The project areas in the West Pilbara, known as Mt Wohler, Pyramid, Maitland and Kylena cover approximately 1,715 square kilometres and are considered to be prospective for base metals, PGE and/or gold mineralisation associated with concealed greenstone sequences or layered mafic – ultramafic intrusions.

Previous exploration over the Company’s West Pilbara project areas has been reasonably limited. A regional aeromagnetic survey completed by the Bureau of Mineral Resources, Geology and Geophysics (“BMR”) in the mid 1980’s identified a number of magnetic highs beneath Fortescue Group rocks in this portion of the West Pilbara which have formed the basis of the majority of subsequent exploration activity. The magnetic highs have been interpreted as having potential to represent concealed greenstone sequences or layered mafic - ultramafic intrusions in the Archaean basement rocks. There has been no drilling or modern geophysics completed on any of these targets.

Agreed Aquisition of Major Copper/Gold Project in PNG.

October 30th. 2012.

Subject to a number of conditions, including shareholder approval. Pilbara has agreed to purchase all the PNG assets of Sturt Resources. For details on this exciting new development please see the detailed ASX announcement made on October 30th 2012 and subsequent updates wich will be provided on a regular basis.