Ann: Pilbara Minerals Signs Offtake Agreement with Yahua, page-29

Excellent summary of existing data.

I know that's it's not a huge number, but don't forget that the Calix JV is under construction, and will commission and commence ramp-up in CY25. There won't be any need for feedstock this calendar year.

Project numbers for the Calix JV are that we'll be utilizing 27,000 ktpa of SC5.3 as feedstock to produce 3,000 ktpa of Li₃PO₄. I'd anticipate half that rate for CY25 and full production, or very close to it, in CY26.

In the long term, it will be very easy to ramp-up the Li3PO4 production, if the process is successful. My understanding is that much of the post-calcination equipment can actually handle the output of "several" calcination towers, and that if the pilot plant is a success, PLS can easily add another 4 or 5 calcination towers, each of which would require another 27,000 ktpa of feedstock and generate another 3,000 ktpa of Li₃PO₄.

Best regards!