Ann: Mining Proposal Approval for Pilgangoora Project, page-2

PILBARA RECEIVES ENVIRONMENTAL APPROVAL FOR THE PILGANGOORA LITHIUM-TANTALUM PROJECT

Approval of Mining Proposal paves the way for start of major site works, completion of funding and development of the world’s next major source of lithium raw material

Australian lithium developer Pilbara Minerals Limited (ASX: PLS) (“Company” or “Pilbara”) is pleased to advise that it has received its environmental approval for its 100%-owned Pilgangoora Lithium-Tantalum Project in Western Australia, marking the last of the major approval milestones for the project and clearing the way for construction to proceed.

The approval of the Company’s Mining Proposal by the Department of Mines and Petroleum (“DMP”), in combination with previously approved Native Vegetation Clearing Permit and Project Management Plan, authorises Pilbara to commence major site works.

Pilbara’s Managing Director and CEO, Ken Brinsden, said the completion of the extensive environmental approvals process by the DMP was a significant milestone for the Company, securing the necessary approvals to enable full- scale construction activities to begin.

“Pilbara has achieved an enormous amount in a very short period of time and, with these final environmental approvals now in place, the Company is firmly on track to becoming the next major lithium raw materials supplier globally,” he said.

“With the achievement of each of these important milestones, we have continued to de-risk the Pilgangoora Project.

“Now, with project financing just around the corner, our shareholders can look forward to steady news-flow as we complete major construction milestones on site and move into the full-scale development phase – putting us on track to begin commissioning the project from the first quarter of next year.”

Pilbara wishes to thank its key contributing consultants to the environmental approvals process - being Significant Environmental, Groundwater Resource Management and Lindbeck and Associates.