LRS General Discussion, page-17139

All looking good for SC6 again

12 March 2024
PILBARA MINERALS SIGNS OFF TAKE AGREEMENT WITH YAHUA
Australian lithium producer Pilbara Minerals Limited (ASX: PLS) (Pilbara Minerals or Company) is pleased to announce that it has executed a new offtake agreement with Sichuan Yahua Industrial GroupCo. Ltd (Yahua) for the supply of spodumene concentrate from the Company’s 100% owned Pilgangoora Operation.Yahua is a leading lithium chemicals company and one of the largest lithium hydroxide producers globally.Yahua has strong connections across the lithium supply chain with key customers including Tesla, LG Energy Solutions, LG Chem, and Contemporary Amperex Technology Co., Limited (CATL).This offtake agreement commences in calendar year 2024 (CY24) for a three-year term as detailed below:
• CY24 - Pilbara Minerals to supply, and Yahua to take, 20kt of spodumene concentrate (with an option for up to an additional 60kt at Pilbara Minerals resulting in a total supply in CY24 of between20kt to 80kt.
• CY25 - Pilbara Minerals to supply, and Yahua to take,100kt of spodumene concentrate (with an option for up to an additional 60kt at Pilbara Minerals resulting in a total supply in CY25 of between100kt to 160kt.
• CY26 - Pilbara Minerals to supply, and Yahua to take,100kt of spodumene concentrate (with an option for up to an additional 60kt at Pilbara Minerals resulting in a total supply in CY26 of between100kt to 160kt.