Ann: First Concentrate Shipment - High Quality Confirmed, page-2

FIRST CONCENTRATE SHIPMENT – HIGH PRODUCT QUALITY CONFIRMED

Further to recent announcements regarding the first shipment of spodumene concentrate from its Pilgangoora LithiumTantalum project in Western Australia (1st and 2nd October), Australian lithium producer Pilbara Minerals Limited (ASX: PLS) (“Pilbara Minerals” or “the Company” is pleased to confirm the final product quality specifications for the shipment.

Pilbara Minerals’ charter vessel, the ‘M.V. Pola Devora’ departed from Port Hedland port on 2nd October with 8,800wmt (wet metric tonnes) of spodumene concentrate bound for the Company’s offtake partners in north Asia.

The final product quality was confirmed via an independent laboratory (in this case SGS laboratories) assigned to assess the spodumene concentrate quality loaded onto the vessel, thereby confirming payment conditions under the Letter of Credit.

The Company is pleased to confirm that the final specifications of the shipment were 6.256% lithia and 0.724% Fe2O3, confirming the outstanding quality of Pilbara Minerals’ Pilgangoora product.