The Board of Pilbara Minerals Limited (ASX:PLS) has given the green light for the P1000 Project, which aims to increase the Pilgangoora Project's production capacity of spodumene concentrate by 47% from approximately 680,000 tonnes per annum (tpa) to approximately 1,000,000 tpa. The project includes an expanded concentrator with increased throughput at the Pilgan Plant and supporting site infrastructure. It will be executed in parallel with the ongoing P680 Project, which will add an additional 100,000 tpa to the current production capacity of 580,000 tpa.
The P1000 Project is targeting first ore in March 2025, with full production following commissioning and ramp-up at the end of September 2025. The estimated capital expenditure for the project is AU$560 million, which includes the previously announced pre-FID investment of AU$38 million. Strategic options are being evaluated to maximize value from additional products from P1000, including long-term spodumene offtake with existing and new customers, as well as joint venture partnering opportunities to further integrate the business downstream.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
