Question 1

What are the critical risks associated with investing in Pilbara Minerals?

Accepted Answer

Some of the most important things that may go wrong during mining operations include vulnerability to lithium price swings, more competition in the market, operating in just one jurisdiction, expansion project delays or cost overruns, and environmental and social concerns.

Question 2

How does Pilbara Minerals' lithium resource compare to other major lithium producers?

Accepted Answer

There is a lithium resource of 308.9 Mt at 1.14% in Pilbara Minerals. Compared to big producers like Albemarle and SQM, Li2O is among the biggest hard-rock lithium deposits worldwide.

Question 3

What is the outlook for lithium demand in the coming years?

Accepted Answer

The rising popularity of electric cars and other forms of energy storage is a key factor in the projected dramatic increase in lithium demand over the next few years. According to some predictions, the demand for lithium will soar by almost 500% by the year 2030.

Question 4

What is the current production capacity of the Pilgangoora Lithium-Tantalum Project?

Accepted Answer

Presently, the Pilgangoora project can produce spodumene concentrate at a rate of around 380,000-400,000 dmtpa.

Question 5

Does Pilbara Minerals have any plans to expand its lithium production?

Accepted Answer

The Pilgan Plant Improvement Project is moving along as planned at Pilbara Minerals. The goal is to raise production capacity to 680,000 dmtpa by the end of 2023.

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