Pilbara Releases Pilgangoora DFS, Expansion Moves Forward

With the release of a positive definitive feasibility study for Pilgangoora, Pilbara Minerals is prepared to continue expanding the lithium-tantalum project in Western Australia.

Pilbara Minerals (ASX:PLS) has released a definitive feasibility study (DFS) for the second stage of its Pilgangoora lithium-tantalum project in the Pilbara region of Western Australia.

The DFS shows that average annual production will be 800 to 850 kilotonnes of 6-percent spodumene concentrate, along with 800,000 pounds of tantalite over the mine’s estimated 17-year lifespan.

Commissioning of stage one at Pilgangoora is currently ongoing, and the DFS indicates that funding for stage two will be supported by offtake customers who have commitments of up to US$100 million.

Capital costs rose from AU$207 million to AU$231 million in the DFS, but those offtake deals will help support funding. Life-of-mine (LOM) cash operating costs are set at US$263 per tonne.

The additional costs take into account an engineering redesign that introduces an additional 3-million-tonne-per-year (mtpa) processing circuit, as opposed to the 2.5-mtpa processing circuit laid out in the prefeasibility study for Pilgangoora.

The strong results from the DFS have given Pilbara the encouragement to move forward with the expansion, pushing the project’s total capacity to 5 mtpa.

Revenue from the project is also expected to help balance newly discovered costs. The DFS shows a post-tax net present value of AU$2.16 billion at a 10-percent discount, as well as LOM project revenue of AU$12.2 billion and LOM earnings before interest, tax, depreciation and amortization of AU$6.3 billion.

“We continue to be impressed by the quality and scale of the Pilgangoora project. The long life of the operation and its ability to deliver a high quality spodumene concentrate at a low cost to market is what sets us apart globally,” Pilbara Managing Director and CEO Ken Brinsden said in a statement.

Pilgangoora has hit key milestones in the last few months, having sent its first 85,000 wet metric tonnes of direct-shipping ore to China in June. Later that month, just a week after commissioning started at the concentrator, the project produced its first concentrate; the company later produced its first coarse concentrate at Pilgangoora in July.

To learn more about Pilbara, click here to listen to our recent audio interview with Brinsden.

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Olivia Da Silva, hold no direct investment interest in any company mentioned in this article.

Graphite Metallurgical Test Work Update


  • Bulk sample of Springdale graphite concentrate estimated to be completed in Q2 2021.
  • Concentrate material will then be sent to Germany to test its amenability for the production of battery anode material suitable for use in EVs.
  • Final test results expected in Q3 2021.

Comet Resources Ltd (ASX:CRL) is pleased provide an update on ongoing test work on natural flake graphite from its Springdale Graphite Project (Springdale) located in Western Australia. Both excellent grade and recoveries were achieved on initial tests, leading to commencement of work to produce a bulk sample for further testing. Importantly, the graphite concentrates previously produced demonstrated a unique and potentially very valuable characteristic in its small size distribution, with two-thirds of the product passing the 38 µm size fraction screen. Generally, this small size fraction of graphite is a by-product of processing of larger flake fractions, which produces smaller size graphite, but in doing so also damages the smaller flake material in the process, reducing their performance and value. Deposits that contain high quality ultra-fine graphite are uncommon and are potentially suitable for supplying the expanding battery anode market, which continues to grow as the sales of electric vehicles (EVs) increase. Graphite suitable for battery anode production also achieves premium pricing in graphite markets, making it a highly sought-after product.

Keep reading... Show less

Medallion Completes Diagnostic Testing with Australian Nuclear Science and Technology Organization

Medallion Resources Ltd. (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) “Medallion” or the “Company”) announces completion of a suite of diagnostic test work at the Australian Nuclear Science and Technology Organization (ANSTO) in Sydney, to extract rare earth elements (REE) from mineral sand monazite. The monazite was sourced from an Australian mineral sand mine. Discussion is ongoing with additional prospective suppliers.

Mineral sand monazite is an abundant REE-rich feedstock, that can be accessed as a by-product from global mineral-sand mines that target zirconium and titanium, without the need for additional mining. Medallion’s business model is centered on the Medallion Monazite Process , a transferable and scalable technology designed to accept multiple mineral-sand monazite feedstocks and extract high-value REEs with high efficiency, high recovery and zero liquid waste.

Keep reading... Show less

Galaxy Resources Limited Announcement

Galaxy Resources Limited (ASX: GXY) ( Company ) advises that the following announcements have been made to the Australian Securities Exchange which appears on the Company’s platform (ASX):

  • Corporate Presentation – Sal de Vida Development Plan
  • Sal de Vida development Plan
  • Sal de Vida Resource & Reserve Update
  • March 2021 Quarterly Results Conference Call
  • Notice of Annual General Meeting/ Proxy Form
  • 2020 Annual Report
  • 2020 Sustainability Report
  • 2020 Corporate Governance Statement
  • Appendix 4G

The announcement can be viewed at:

Keep reading... Show less

Torian Resources Limited Significant Gold Results from Surface at Mt Stirling

Perth, Australia (ABN Newswire) – Torian Resources Ltd (ASX:TNR) is pleased to advise that recent drilling results continue to extend the Mt Stirling Gold System over ~1.1km of Strike, ~300m at depth, and it remains open in multiple directions.


– The interpreted strike of the Mt Stirling gold system exceeds 1.160km with Mt Stirling Main Zone; Hanging Wall and Viserion lodes all remaining open along strike and down-dip.

Keep reading... Show less

eMetals Limited Updates Shareholders On Exploration – April 12, 2021

eMetals Limited (ASX:EMT) (eMetals or Company) is pleased to update shareholders on exploration activities which have commenced across the Company’s projects.


Keep reading... Show less

Top News

Related News