The Pilgangoora ore body is one of the largest hard rock lithium deposits in the world. Unlocking the full potential of this world class asset is a key pillar of our strategy.
The P1000 Expansion Project aims to increase total spodumene concentrate production capacity at the Pilgangoora Operation by ~47% to up to 1Mtpa through a series of upgrades to the processing plant concentrator and supporting infrastructure.
This expansion investment supports our long-term growth strategy to scale-up production capacity to capitalise on forecasted future growth in demand for lithium, cementing PLS’ position as a globally significant supplier of battery raw materials.
The final investment decision for the P1000 Project was announced in March 2023. The project achieved first ore in January 2025, with ramp-up completed in March Quarter 2025.
A Pre-Feasibility Study, completed by PLS in June 2024, determined that production capacity at our Pilgangoora Operation could be expanded to more than 2Mtpa, with an average forecast annual spodumene concentrate production for the first ten years of 1.9Mtpa.
The expansion project, known as the P2000 Project, would further extend our position as the largest pure play lithium producer globally.
P2000 would require the construction of a new processing plant at the Pilgangoora Operation and could potentially create significant shareholder value with an incremental net present value of $2.6B and incremental internal rate of return of 55%.
A Feasibility Study is now underway which includes assessments and studies to support mine planning, regulatory approvals, water supply, metallurgy and processing, tailing management, supporting infrastructure and financial analysis.
The timing of any investment decision will be considered in conjunction with prevailing market conditions.