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ASX / MEDIA ANNOUNCEMENT 2 January 2019 POSCO AND PILBARA MINERALSTO EVALUATE LARGER DOWNSTREAM CHEMICAL FACILITY IN LINE WITH CONTINUED GROWTHOF PILGANGOORA

 

2 January 2019

Pilbara Minerals’ right to participate as a 30% joint venture partner in the South Korean JV chemical plant is required to be exercised on or before 28 February 2019, with final documentation and board approvals to be completed in May 2019

Due diligence activities assessing the proposed joint development in South Korea are underway, with key commercial terms of the joint venture (previously agreed between the parties) expected to be formalised in joint venture documentation in the coming months, including a technology licensing agreement for the patented PosLX purification process

 

 

26-Feb-2019
Corporate Presentation February 2019

 

Pilgangoora: one of the world’s leading lithium andtantalum production cente

The BMO 28th Global Metals and Mining Conference KenBrinsden, Managing Director/CEO 26 February 2019

 

• Korea to be a significant player in the global battery supply chain ~25 % of worldwide capacity by 2028 • Proposed 30% JV with POSCO for South Korean chemical conversion plant further diversifies Pilbara Minerals’ customer base • Positions company in downstream supply chain through hydroxide production using PosLX technology • Due diligence underway with Board decision to participate and JV terms to be completed by the end of March 2019