Pilbara Minerals and Ganfeng sign a binding term sheet to complete a joint feasibility study on a~32thousand tonnes per annum (ktpa) downstream lithium conversion plant1 (Feasibility Study).
Feasibility Study will consider location, fiscal incentives, flowsheet, sustainability and economics.
Feasibility Study expected to be completed in March Quarter 2025 (CY25) with an option to progressto a final investment decision (FID) and formation of a joint venture (JV) following that.
if the JV proceeds,including 50:50 JV ownership, offtake of 300 ktpa of spodumene concentrate supplied by PilbaraMinerals, and willingness to explore IRA benefits via project equity sell-down (if required).
