Pilbara Minerals To Expand Pilgangoora With Asian Investment

Pilbara Minerals is moving forward with its planned expansion of the Pilgangoora lithium-tantalum project in Western Australia thanks to recent funding developments with Chinese and South Korean companies.

Pilbara Minerals signed a non-binding deal with South Korean company Posco that could lead to the potential expansion of a proposed joint venture chemical facility using spodumene material from Pilgangoora.

The memorandum of understanding (MoU) between the two companies would see the existing plan for Pilbara Minerals to supply 30,000 tonnes of lithium carbonate equivalent (LCE) a year expand by 25 per cent to 40,000 tonnes of LCE per year.