Why invest in Pilbara Minerals?

Pilbara Minerals Limited (Pilbara Minerals or the Company) owns 100% of the world-class Pilgangoora Lithium-Tantalum Project (Pilgangoora Project) in Western Australia’s resource rich Pilbara region. It is considered one of the leading lithium and tantalum projects globally.  

The Pilgangoora Project’s outstanding scale and high quality underpins a low-cost, long-life operation with a prospective future. Pilbara Minerals has been highly successful in developing the Pilgangoora Project having taken it from first drill hole to production in under four years.

Now that production is well underway, Pilbara Minerals is embarking on a massive expansion program to unlock the full value of the Pilgangoora Project’s deposit and position the Company as a fully integrated participant in the lithium raw materials and chemicals value chain.

With demand for lithium raw materials forecast to grow by 28% per annum to 2028, there’s a big opportunity for Pilbara Minerals to become a significant player in this global supply chain to create value for the Company and its shareholders for many years to come.

Outstanding scale, long life and emerging low-cost operation

The Pilgangoora Project’s high-grade resource, valuable tantalum bi-product and outstanding scale supports a low-cost operation which is positioned at the lower end of the cost curve. Making the Company globally cost competitive and resilient to changing market dynamics which is a major competitive advantage for Pilbara Minerals over its peers.

The current resource underpins the 2Mtpa operation, as well as an exciting expansion pathway that will increase ore throughout to up to 7.5Mtpa to deliver a total 1.2Mtpa of spodumene concentrate and 1.1Mlbspa of tantalite concentrate to market over a minimum 15-year mine life.

The ability to expand production rates to this scale while maintaining a long mine life makes the Pilgangoora Project globally significant, and this is just the beginning. With the area highly prospective and largely under-explored Pilbara Minerals is pursuing an exploration target to further increase the Pilgangoora Project’s resource.

Read more about the current Mineral Resource and Reserve here.

High quality products, customers and team

Pilbara Minerals has proven it can deliver a high quality spodumene concentrate (~6% spodumene with low iron content) and tantalite concentrate (>5% tantalite in primary concentrate) product that consistently meet customer expectations. Having achieved commercial production at the Pilgangoora Project significantly de-risks Pilbara Minerals as an investment, while future expansion provides plenty of upside and growth potential.

The Pilgangoora Project’s group of highly experienced, leading global offtake partners General Lithium, Ganfeng Lithium, Great Wall Motors and POSCO have cornerstoned the development of the Pilgangoora Project. These partners account 100% of the offtake of Stage 1 and Stage 2 production and link Pilbara Minerals across the entire electric vehicle supply chain.

Read more about the offtake agreements here

Pilbara Minerals has a highly credentialed, well-respected Board and senior management team with experience in building and operating mining projects. The team’s capability has been demonstrated through its success to date and its ability to deliver the Pilgangoora project to production in under four years.  

Read more about the Board here and Executive Leadership team here.

Diversification strategy supports future growth

With global demand for lithium ion batteries expected to experience unprecedented growth over the coming decades the opportunity to manufacture high-value, battery-grade lithium products through downstream processing has the potential to deliver significant additional value and enhance project returns.

As such Pilbara Minerals is pursuing a downstream ‘value-adding’ strategy which will see it expand operations into this market through two avenues. In South Korea through a partnership with POSCO and a second facility (currently being evaluated) to be developed in Pilbara Minerals’ own right either in Australia or overseas. These facilities will make Pilbara Minerals a fully integrated participant in the lithium raw materials and high value lithium chemical supply chain.

 

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HQ: Level 2, 88 Colin Street, West Perth WA 6005
Postal Address: P.O. Box 884, West Perth WA 6872
Phone: +61 8 6266 6266 | Fax: +61 8 6266 6288

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