Pls Group Limited · ASX:PLS
Pls — Pilbara Minerals — Macquarie Australia Conference 2024
25 slides from Pls's conference presentation, May 8, 2024
Slide 1: Macquarie Australia Conference 2024
For personal use only 8 May 2024 Macquarie Australia Conference 2024 Dale Henderson Managing Director and CEO ASX: PLS
Slide 2: The largest, independently owned, hard-rock lithium company in the world
For personal use only The largest, independently owned, hard-rock lithium company in the world 2
Slide 3: Pilbara Minerals – a major lithium materials supplier
Pilbara Minerals – a major lithium materials supplier For personal use only 100% owner of Tier 1 Asset in leading low risk mining jurisdiction ~34-year mine life with 214Mt at 1.2% Li2O Ore Reserve1 ~140km to Port Hedland by road Production capacity increase to 1mtpa2 under construction Diversificat
Slide 4: March Quarter 2024 highlights
March Quarter 2024 highlights For personal use only PRODUCTION SALES OPERATIONS 2% vs Dec Q FY24 3% vs Dec Q FY24 P680 Primary Rejection facility achieves 179.0 k dmt 165.1 k dmt nameplate produced shipped production capacity GROWTH OFFTAKE PARTNERING P680 and P1000 Offtakes added Joint study with e
Slide 5: Delivering our strategy
Delivering our strategy For personal use only Lorem ipsum re pe sincid et ut provit unt eicto odit rem qui ni Operate amust am, voluptas aut que ne cum faccae moluptatem Deliverfuga. our operating performance Quis ab ius, ati commitments auditatquiae ex expedio To be a leader nemquia tendus. Grow in
Slide 6: Production growth to achieve full potential of our world-class asset
For personal use only Production growth to achieve full potential of our world-class asset 6
Slide 7: Rapid growth in production capacity continuing
Rapid growth in production capacity continuing For personal use only P1000 name plate capacity2 Future expansion potential subject to successful (kdmt) 660-6901 620 exploration, studies and approvals3 Primary Rejection Facility completed ` Production ` Expanded nameplate capacity 378 Under construct
Slide 8: P680 Project - crushing and ore sorting facility
P680 Project - crushing and ore sorting facility For personal use only • Project remains on schedule and budget. • Structural, mechanical, piping, electrical and instrumentation works commenced. • Delivery and installation of steel and mechanical equipment continued. • Commissioning remains targeted
Slide 9: Primary Rejection Facility achieves nameplate
Primary Rejection Facility achieves nameplate For personal use only Video available online 9
Slide 10: P1000 Project – taking shape
P1000 Project – taking shape For personal use only • Project remains on schedule and budget. • Bulk earthworks and engineering deliverables completed. • Concrete construction and underground services work progressed. • Consignments of steel and modular units being shipped to WA with first shipment n
Slide 11: Expansion programs underway and fully funded
Expansion programs underway and fully funded For personal use only Remaining capital spend for P680 and P1000 Expansion Projects – 31 March 2024. Capex is fully funded from existing cash. Other ongoing capital expenditure commitments 20% 30% • Mine development P6802 • Sustaining capital P10003 $404m
Slide 12: Highly integrated into the supply chain
Highly integrated into the supply chain For personal use only Strategic partnerships POSCO JV Additional major chemicals customers Yahua Chengxin Yibin Tianyi General Lithium 12
Slide 13: Extracting greater value across the supply chain
For personal use only Extracting greater value across the supply chain 13
Slide 14: Strategically positioned to capture value across the supply chain
Strategically positioned to capture value across the supply chain For personal use only Upstream Mid-Stream Downstream Spodumene concentrate Lithium enriched product Lithium hydroxide ~5.2% >16% >99% purity lithia content1 lithium metal technical grade battery grade 2 3 1. Average grade of spodumene
Slide 15: Downstream chemicals facility with POSCO
Downstream chemicals facility with POSCO For personal use only 18% equity interest With call option to increase to 30% in a 43,000 tpa lithium hydroxide facility in Gwangyang, South Korea in joint venture with POSCO. Train 1 production commenced Commissioning completed and ramp up of production comm
Slide 16: Joint downstream partnering study
Joint downstream partnering study For personal use only Binding term sheet Option to form joint Joint feasibility study signed with Ganfeng venture • Leading lithium chemical • ~32 ktpa lithium • Pending study outcomes converter with +20 years conversion plant and FID experience • Location assessmen
Slide 17: Long-term global demand for lithium remains strong
For personal use only Long-term global demand for lithium remains strong 17
Slide 18: Strong ongoing growth in EV sales…
For personal use only Thousand units - 400 800 1,200 Jan 1,600 Feb Mar Apr May Jun 2020 Jul Source: RhoMotion April EV Monthly sales Assessment China Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 2021 Jul Aug US + Canada Sep Oct Nov Dec Jan Feb Mar Apr May Jun 2022 Jul Aug EU + UK Strong ongoing growt
Slide 19: … projected to continue strongly…
… projected to continue strongly… For personal use only Global EV sales 60 50 40 Millions 30 21% CAGR CY23 – CY28 57.7 20 35.1 10 13.7 10.4 6.5 3.2 - 2020 2021 2022 2023 2028E 2033E Source: RhoMotion EV Battery Outlook Q1 2024 19
Slide 20: …with demand for lithium also supported by growth in other uses
…with demand for lithium also supported by growth in other uses For personal use only 4,000 Annual lithium demand 3,500 3,000 2,500 22% CAGR (estimate) CY23 - CY28 kt LCE 2,000 1,500 1,000 500 - 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 EV ESS Portables Industrial Source:
Slide 21: Thank you
For personal use only Thank you PilbaraMinerals.com.au ASX: PLS 21
Slide 22: Contacts
Contacts For personal use only Investor Relations James Fuller Manager, Investor Relations T: +61 (0) 488 093 763 James.Fuller@pilbaraminerals.com.au Media Michael Vaughan Fivemark Partners T: +61 (0) 422 602 720 22
Slide 23: Important notices
Important notices This document has been prepared by Pilbara Minerals Limited (“Pilbara” or “Pilbara Minerals” or the “Company”) and is dated 8 May 2024. For personal use only Not an offer of securities This document is provided for informational purposes and does not constitute or contain an offer,
Slide 24: Important notices
Important notices Important Information regarding Mineral Resources, Ore Reserves and P680 and P1000 Projects For personal use only Information in this presentation regarding expansions in nameplate capacity of the Pilgan Plant in respect of the P680 and P1000 projects are underpinned by the Company
Slide 25: Pilgangoora Mineral Resources and Ore Reserves
Pilgangoora Mineral Resources and Ore Reserves For personal use only Category Tonnes Li2O Ta2O5 Fe2O3 Li2O Ta2O5 (Mt) (%) (ppm) (%) (Mt) (M lb) Mineral Resource estimate at 30 June 2023 Measured 22.1 1.34 146 0.44 0.3 7 Indicated 315.2 1.15 106 0.53 3.6 74 Inferred 76.6 1.07 124 0.54 0.8 21 Total 41
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