BMW Mining Deal, page-2

LG CHEM is a major battery cell supplier to BMW .
Processing facility with PLS the MOU moving to JV ?? .... Mt Francisco and any further increase in reserves just might tip the balance in negotiations.

Long-life JORC Reserves life attractive for seeking security of supply  The decision by Great Wall to invest equity in PLS for Stage 2 offtake shows the keenness of major auto makers to secure lithium supply as demand for electric vehicles increases.  It is also a positive reinforcement of Pilgangoora being one of the few world class spodumene hard rock projects, especially in guaranteeing long life supply of lithium backed by JORC Reserves.

Mt Francisco

In March 2017, Pilbara Minerals acquired a 51% interest in one of the most significant lithium-tantalite exploration assets in Western Australia with the right to earn up to 80% in stages by funding $1M worth of exploration and completing a definitive feasibility study until decision to mine.
Mt Francisco hosts the last remaining large occurrence of outcropping pegmatites in close proximity to Port Hedland, and is considered to represent one of the highest quality lithium exploration/development assets in the Pilbara region outside of Pilbara Minerals' world-class Pilgangoora Project.
Exploration programs are set to commence in 2017 following receipt of regulatory approvals.
Click here to view the ASX Announcement on 29 March 2017


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