Australian lithium developer Pilbara Minerals has expanded its world-class inventory in the Pilgangoora district of WA with the acquisition of the Lynas Find Lithium Project, which adjoins its flagship Pilgangoora Lithium-Tantalum Project.
The move, which is in accordance with the binding acquisition agreement with Dakota Minerals, means that Pilbara has now acquired the core package of granted tenements for the Lynas Find Lithium project.
Pilbara’s Managing Director and CEO, Mr Ken Brinsden said the acquisition represents a strategic addition to Pilbara’s resource inventory at Pilgangoora, providing the company with early access to readily accessible higher grade tones as well as creating additional flexibility for the location of key infrastructure components for the development of the Pilgangoora Project.
“The completion of the Lynas Find acquisition is another significant milestone, further increasing our global resource inventory and significantly expanding our footprint in the Pilgangoora district,” Mr Brinsden said.
“This strategic acquisition gives us additional flexibility in terms of accessing high-grade tonnes in the early stages of the project and in locating key infrastructure items for the overall project development.”