MID-STREAM DEMONSTRATION PLANT UPDATEAustralian lithium...

MID-STREAM DEMONSTRATION PLANT UPDATE
Australian lithium producer, Pilbara Minerals Limited (Pilbara Minerals – ASX: PLS) and
Australian environmental technology company, Calix Limited (Calix – ASX: CXL) provide an
update on the mid-stream demonstration plant being developed in joint venture (JV).
Since entering into the JV on 28 November 2022,significant progress has been made in the
detailed front-end engineering and design (FEED) of the proposed demonstration plant in
support of a Final Investment Decision (FID) which is expected to be put to the Boards of
both companies for approval in the near term.
As the date for FID was originally targeted for the end of the 2023 Financial Year, both JV
parties have agreed to bring forward certain project expenditure ain committed to
finalising the studies to support the FID, whichin respect of detailed
engineering, initially planned for post-FID,to ensure the delivery schedule and
development of the project continues unimpeded. Both parties rem are now at an advanced stage, with a
decision expected to be made on or about the end of July.
The development of the demonstration plant is supported by $20m in Australian
Government funding announced under the Modern Manufacturing Initiative (MMI). The
MMI Grant Agreement between Pilbara Minerals and the Australian Government
(Department of Industry, Science and Resources) was executed on 28 April 2023 and an
initial payment of A$8m toward the project was received by Pilbara Minerals on 31 May 2023.
Successful demonstration of the mid-stream process may lead to a commercial scale plant
being built as part of Pilbara Mineral’s future mid-stream strategy and to future
commercialisation of the calcination technology, with the JV licensing the technology to
the global spodumene processing industry.
For further information on the mid-stream project, please refer to both companies ASX
announcements dated 28 November 2022.
Release authorised by Dale Henderson, Pilbara Minerals Limited’s Managing Director
and by Phil Hodgson, Calix Limited’s Managing Director.
CONTACTS
PILBARA MINERALS
Investors / shareholders
James Fuller
Investor Relations Manager
Ph. +61 (0) 488 093 763
Media
Nicholas Read
Read Corporate
Ph. +61 (0)8 9388 1474
E: [email protected]