Pilbara joins the big leagues with latest lithium update – by Simon Johanson (Sydney Morning Herald – August 7, 2023)


Pilbara Minerals has catapulted itself into the position of holding one of the world’s largest lithium deposits after upgrading estimates for its West Australian mines. The upgrade comes as global demand for lithium – a key component of the batteries in electric cars – continued to rise.

The ASX-listed lithium player’s chief executive Dale Henderson said the miner’s estimate for Pilgangoora, near Port Hedland, had jumped 36 per cent to 413.8 million tonnes of measured, indicated and inferred resource, adding about 109 million tonnes from its previous outlook.

The upgrade pushed Pilbara’s deposit to a size that sits alongside Greenbushes, the world’s largest hard rock lithium open-cut mine under excavation in Australia’s south-west run by Talison Lithium, a joint venture between Tianqi Lithium and US giant Albemarle Corporation.

Lithium has overtaken gold as a key focus of this year’s Diggers & Dealers mining forum in Kalgoorlie where Henderson and a host of other lithium rising stars were speaking on Monday.

For the rest of this article: https://www.smh.com.au/business/companies/pilbara-joins-the-big-leagues-with-latest-lithium-update-20230807-p5dujp.html