A month after its first shipment left Port Hedland, Pilbara Minerals has committed to a $231 million expansion of its Pilgangoora lithium and tantalum project. Pilbara Minerals stated that its board had approved the expansion from 2 million tonnes per annum to 5mtpa. Pilbara Minerals also said it was investigating a number of funding options for the expansion.
Pilbara Minerals has already placed orders for long-lead items to ensure the commissioning targets for the expansion in Q4 of 2019 are met.
The rapid construction and ramp-up of stage one had attracted many new customers, and with significant demand growth for raw lithium materials in the next decade, the scale and quality of the resource at the Pilgangoora project demands supplementary expansion.
Pilbara Minerals released a feasibility study in August that projected stage two costs would be around $231 million.