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| Traded as | ASX: PLS |
|---|---|
| Industry | Mining |
| Founded | 2013 |
| Founder | Neil Biddle John Young George Karageorge Stuart Till John Holmes |
| Headquarters | West Perth, Western Australia |
| Key people | Kathleen Conlon (Chairman) Dale Henderson (CEO) |
| Products | Lithium, Tantalite |
| Revenue | $1.3 billion (2024) |
| Operating income | $397.7 million (2024) |
| Net income | $256.88 million (2024) |
| Website | www.pilbaraminerals.com.au |
Pilbara Minerals is a Perth-based ASX listed company, owning 100% of the world’s largest, independent hard rock lithium operation. Located in Western Australia’s Pilbara region, Pilbara Minerals’ Pilgangoora Operation produces spodumene and tantalite concentrates.
Pilgangoora Operation
Pilbara Minerals’ Pilgangoora Operation is located 140km from Port Hedland in Western Australia’s resource-rich Pilbara region. The Pilgangoora ore body is one of the largest hard rock lithium deposits in the world.
While the Pilgangoora Operation delivers a quality spodumene concentrate to market, Pilbara Minerals is pursuing a growth and diversification strategy to become a sustainable, low cost lithium producer and a fully integrated battery materials supplier in the future.
Downstream Lithium Chemical Facility
Pilbara Minerals has an 18% equity stake in a joint venture with South Korean company POSCO known as POSCO Pilbara Lithium Solutions (PPLS). In 2024, PPLS completed construction of a Lithium Hydroxide Chemical Facility in Gwangyang, South Korea.
Pilbara Minerals will supply spodumene concentrate to the Facility from its Pilgangoora Operation in Western Australia under a long term offtake agreement.
The Facility has the potential to produce up to 43,000 tonnes of lithium hydroxide per year at full capacity, enough to make batteries for around one million electric vehicles.
History
Pilbara Minerals was founded in 2013 by a group of five geologists who studied at university together. Pilbara Minerals’ history is fairly new and a short one in terms of Australian mining, yet the Company is regarded as a true pioneer of the Australian lithium sector and a major contributor to the global lithium supply chain.
From the first drill hole to production in less than four years, Pilbara Minerals’ Pilgangoora Operation has moved through rapid development to become a major global supplier producing 11% of the world’s hard rock lithium.
Based on hard rock lithium supply in calendar year 2024 as estimated by Benchmark Mineral Intelligence in the Lithium Forecast Report Q2 2024.
References
Pilbara Minerals and POSCO celebrate completion of joint chemical facility | Pilbara Minerals
Pilbara Minerals Annual Report 2024
