Pilbara Minerals is an emerging lithium and tantalum producer focused on the development of its world-class 100% owned Pilgangoora Lithium-Tantalum Project, located approximately 120kms from Port Hedland in the Pilbara region of Western Australia.
Pilgangoora has been confirmed as one of the largest spodumene (lithium pyroxene) and tantalite projects in the world and is set to be developed into one of the world’s largest lithium mines, also producing tantalite as a valuable by-product.
Pilbara’s aim is to fast-track Pilgangoora towards production to capitalise on the widely anticipated shortfall of lithium in global markets over the next decade, with the project on-track to commence commissioning by the end of 2017.
The size and quality of the Pilgangoora Project also provides the Company with an exceptional opportunity to pursue growth opportunities in downstream lithium markets.
The supply/demand fundamentals for lithium put this highly sought-after metal in a league of its own compared with other commodities.
Demand is predicted to grow at an annualised rate of more than 12 per cent, and this could be set to accelerate further as its widespread use in conventional industries such as ceramics, glass, batteries and pharmaceuticals gets overrun by growing consumption in rechargeable batteries for portable electronic devices and in batteries and electric motors for hybrid and electric cars.