When they start to export lithium to China in July of this year, what agreements do they have with Atlas?
Atlas will be supplying transport to the port.
What can anyone see will happen to the SP to PLS?
- Logistics services
Pilbara has completed a definitive feasibility study for a long-life lithium project at the Pilgangoora site, ~30km east of Atlas’ Wodgina mine. Pilbara has advised the market that it aims to commission Pilgangoora by the end of this year, with production scheduled to ramp up during 2018.
Pilbara has also announced that it is investigating the opportunity to export 1.9 mt of direct shipping spodumene ore as early as July 2017 via an offtake agreement with a Chinese lithium carbonate producer (see Pilbara ASX announcement dated 31 January 2017). The offtake agreement between Pilbara and its customer remains subject to a number of conditions precedent including Australian and Chinese regulatory approvals and a final investment decision from the Pilbara board.
Atlas and Pilbara have entered into a non-binding memorandum of understanding (MOU) setting out the key terms on which Atlas proposes to assist Pilbara to export direct shipping spodumene ore. Atlas plans to leverage its existing logistics chain to provide haulage, crushing and port services to Pilbara. The parties intend to negotiate formal binding documentation which would remain subject to conditions including board and regulatory approvals, and Pilbara’s offtake agreement becoming unconditional.
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Ann: Pilbara Acquires Interest in Mt Francisco, page-71
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