Pilbara Minerals (ASX:PLS)
Pilbara Minerals Limited (ASX:PLS) is an Australian lithium-tantalum producer aiming to become a major player in the world’s rapidly growing lithium supply chain, through the development of its 100% owned, Pilgangoora Lithium-Tantalum Project.
The Pilgangoora Project is located in Western Australia’s Pilbara region and is considered one of the largest hard-rock lithium-tantalum deposits in the world. The significant scale and outstanding quality of the Pilgangoora Project has seen Pilbara Minerals progress it from first drill hole to production in under four years.
Now in production, Pilbara is pursuing a growth and diversification pathway to prepare for the future. This involves increasing production, extending mine life and securing a position in the downstream lithium chemical conversion supply chain.
Recognised as one of the most important new sources of lithium raw materials in the world, the Pilgangoora Project has attracted a consortium of high quality global offtake partners including Ganfeng Lithium, General Lithium, Great Wall Motor Company, POSCO and Yibin Tianyi. In addition, Contemporary Amperex Technology (Hong Kong) Limited (CATL) China’s largest battery manufacturer for electric vehicles is one of Pilbara Minerals’ largest shareholders.
Pilbara Minerals is also pursuing a position in the downstream 'value-added' lithium market through the development of chemical conversion plants in South Korea with POSCO.