Pilbara Minerals has secured a 10-year debt facility from the Federal Government through Export Finance Australia and the Northern Australia Infrastructure Facility to support the expansion of its Pilgangoora Operation in the Pilbara.

EFA has approved finance of $125 million and NAIF has agreed to provide up to $125 million in funding.

The funding demonstrates the Australian Government’s willingness to support businesses to play a key role in supplying critical minerals that will aid the global transition towards renewable energy sources.

The senior secured Facility of up to $250 million will support the construction of:

  • The P680 Project expansion to the Pilgan Plant to deliver an additional 100,000tpa of spodumene concentrate production at an estimated capital cost of $103 millon, and
  • The 5Mtpa crushing and ore sorting facility that will replace the existing contracted crushing facility and will facilitate future expansion that could deliver up to 1Mtpa of spodumene concentrate capacity across the entire Pilgangoora Operation at a capital cost of $194 million.

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