Australian lithium producer,
First concentrate production achieved through the new filter press at the Pilgan Plant, with the ramp-up of the new equipment expected to increase overall spodumene production.
Following ramp-up, the annual production capacity of the Pilgan Plant is expected to increase from 330,000 dry metric tonnes (dmt) to 360-380,000 dmt.
When combined with the expected production capacity of the adjacent Ngungaju Plant of 180-200,000 dmt (expected mid CY2022), following completion of its ramp up, total annual
Delivery of the filter press has been completed in accordance with the planned schedule despite the highly competitive environment for services and equipment across the West Australian resources industry.
A total of approximately AUD$22 million of capital will be invested, with the project expected to be fully ramped-up during the December quarter 2021 to 360-380,000 dmt of spodumene concentrate. When combined with Ngungaju Plant's ramped-up capacity of 180 - 200,000 dmt (expected from mid CY2022), the total annual production capacity across the entire Pilgangoora Operation is expected to increase to 560-580,000tpa.
'The team has done another amazing job in delivering this project on time and in line with budget,' he said. 'Keeping it on-track in combination with the restart of the Ngungaju Plant is testament to the delivery capability of our team - particularly considering that these works were achieved during a period when the resources industry is under considerable pressure in terms of securing people, resources and equipment.'
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FORWARD LOOKING STATEMENTS AND IMPORTANT INFORMATION
This announcement may contain some references to forecasts, estimates, assumptions and other forward-looking statements. Although the Company believes that its expectations, estimates and forecast outcomes are based on reasonable assumptions, it can give no assurance that they will be achieved. They may be affected by a variety of variables and changes in underlying assumptions that are subject to risk factors associated with the nature of the business, which could cause actual results to differ materially from those expressed herein. All references to dollars ($) and cents in this announcement are to Australian currency, unless otherwise stated. Information in this announcement regarding expansions in production capacity of the Pilgan Plant and the Ngungaju Plant are underpinned by the Company's existing Ore Reserves that have been prepared by a Competent Person in accordance with the JORC Code (2012 Edition) and were released by the Company to ASX on
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