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Pilbara Minerals Sets Aside $800M To Expand Flagship Lithium Operation In Australia

Pilbara Minerals (OTC:PILBF), Australia’s leading lithium producer, plans to expand the production capacity at its flagship Pilgangoora operation in Western Australia. The company will allocate A$1.2 billion (US $800 million) to this expansion, which is set to boost lithium spodumene output. “This expansion is expected to provide an average of 1.9 million tons per annum production for the first 10 years and more than 2 million tons per annum over the first six years after ramp up. The scale benefits of this expansion will further build on Pilbara Minerals' position as one of the major leading lithium suppliers globally,” CEO Dale Henderson stated in ...