Slide 1: P2000 Pre-Feasibility Study Outcomes
21 June 2024 P2000 Pre-Feasibility Study Outcomes To be read in conjunction with ASX announcement “Study delivers 2MTPA expansion option – highly accretive” released 21 June 2024 ASX: PLS
Slide 2: Executive Summary
Sy Pilbara Minerals Executive Summary
Slide 3: P2000 PFS highlights
P2000 PFS highlights 1 1 Production NPV IRR 2 Mtpa $2.6B 55% Potential On 8% real, on cash flows production post tax post tax capacity (SC5.2) New plant Next steps Timing Whole of ore Feasibility study Creates optionality. flotation plant commenced, FID subject to study, with estimated outcomes due
Slide 4: Pilbara Minerals
Sy Pilbara Minerals Pilbara Minerals
Slide 5: Pilbara Minerals – a major lithium materials supplier
Pilbara Minerals – a major lithium materials supplier 100% owner of Tier 1 Asset in leading low risk mining jurisdiction ~34-year mine life At P1000 levels with 214Mt at 1.2% Li2O Ore Reserve1 ~140km to Port Hedland by road Production capacity increase to 1Mtpa2 under construction Diversification in
Slide 6: Delivering our strategy
Delivering our strategy 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 the provision Achieve
Slide 7: Globally significant lithium resource
Globally significant lithium resource Global hard-rock lithium project landscape (bubble size represents Resource Lithium Carbonate Equivalent (LCE))1 1.7% Greenbushes 1.6% Mt Holland 1.5% 1.4% 1.3% Li2O grade (%) Wodgina 1.2% Pilgangoora 2017 1.1% Development and Exploration Production Pilgangoora
Slide 8: Growing production in line with market
Growing production in line with market Production FY19 – FY23 CAGR Expanded nameplate capacity +37% P1000 P2000 PFS3 (Future) name plate capacity2 660-6901 620 378 281 175 (kdmt) 91 FY19 FY20 FY21 FY22 FY23 FY24 FY25 P2000 3 Growth rate - (48%) 210% 34% 64% 9% 1 FY24 production guidance range. Growt
Slide 9: P2000 PFS Outcomes
Sy Pilbara Minerals P2000 PFS Outcomes
Slide 10: Proposed P2000 footprint
Proposed P2000 footprint 10 10
Slide 11: P2000 10-year average production profile
P2000 10-year average production profile 10-year average production of 2,500 ~1.9Mtpa at 5.2% grade1 2,000 1,500 1,000 500 - 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 1 Future production profile is subject to successful construction and commissioning of the P1000 Project and the P2000 e
Slide 12: P2000 PFS provides optionality to increase production capacity to 2Mtpa
P2000 PFS provides optionality to increase production capacity to 2Mtpa PFS key outcomes • New plant nominal 5 Mtpa ore processing throughput. • Production capacity increase to >2 Mtpa across Pilgangoora at SC5.2. • First 10 years average concentrate production profile increases to ~1.9Mtpa at SC5.2
Slide 13: P2000 incremental NPV sensitivities
P2000 incremental NPV1 sensitivities NPV sensitivity $5.9B (A$ billion) $4.3B $2.6B $0.9B $1,000 $1,250 $1,500 $1,750 $2,000 $2,250 $2,500 Spodumene concentrate price (6% basis) US$/t real 1 The P2000 Project Expansion NPV and IRR specified are incremental to the Group’s latest mine plan (assuming c
Slide 14: Indicative P2000 Project delivery timeline
Indicative P2000 Project delivery timeline Final investment decision subject to feasibility study, project approvals and market outlook. FY25 FY26 – FY28 Studies / Submission Approvals Preparation Pre-construction and pre-production approvals Studies Feasibility study Detailed design Mobilisation /
Slide 15: Questions
Sy Pilbara Minerals Questions 15
Slide 16: Contacts
Contacts 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 16
Slide 17: Appendices
Sy Pilbara Minerals Appendices 17
Slide 18: Important notices
Important notices This document has been prepared by Pilbara Minerals Limited (“Pilbara” or “Pilbara Minerals” or the “Company”) and is dated 21 June 2024. This document should be read in conjunction with the ASX announcement titled “Study delivers 2MTPA Expansion option – Highly accretive” released
Slide 19: Important notices
Important notices Important Information regarding Mineral Resources, Ore Reserves and P680, P1000 and P2000 Projects Information in this announcement regarding production targets and expansions in nameplate capacity of the Pilgangoora Operation in respect of the P680, P1000 and P2000 projects are un
Slide 20: Pilgangoora Mineral Resources and Ore Reserves
Pilgangoora Mineral Resources and Ore Reserves 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 413.8 1.15 112 0.53 4.8
Slide 21: Supporting data: Hard-rock Mineral Resources (slide 7)
Supporting data: Hard-rock Mineral Resources (slide 7) Total Resource grade Contained Li2O Contained LCE Rank1 Company2 Project name Category Location Announcement title Announcement date (Mt) (% Li2O) (Mt) (Mt)3 1 AVZ Minerals Manono Development Africa Manono Project Mineral Resource increases 47%