PLS Group Ltd Announces Next Phase of Pilgangoora Operation
Key points
- Pilgangoora operation to increase contained lithium by 31%
- P2000 Project to lift production to ~2Mtpa
- Enhanced infrastructure to reduce costs and improve productivity
Full summary
PLS Group Ltd has announced the next phase of its Pilgangoora operation, which includes a significant increase in contained lithium reserves by 31% and an upgrade in production capacity to approximately 2 million tonnes per annum (Mtpa) through the P2000 Project. This phase is expected to improve orebody extraction and processing efficiency, reducing the life-of-mine strip ratio and enhancing overall competitiveness. The company also plans to invest in infrastructure to further reduce costs and improve productivity, positioning Pilgangoora as a long-life, low-cost lithium producer with strong market potential.
Guidance
P2000 Project to achieve ~2Mtpa production, 10-year average unit operating costs ~A$620/t FOB
Outlook
PLS Group Ltd expects the P2000 Project to significantly enhance Pilgangoora's production capacity, competitiveness, and value creation, supported by attractive incremental returns and strong market demand for lithium.
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