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Pilbara Minerals Provides Resource Update

25 Jan 2017  |  10:08:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Pilgangoora Resource Update

Pilbara Minerals announced a further increase in the Mineral Resource at its flagship 100%-owned Pilgangoora Lithium-Tantalum Project in WA's Pilbara region to 156Mt. The Phase 3 RC in-fill and extensional drilling program was expanded due to the exploration success achieved to the north and west of the proposed Central Pit. During the December 2016 quarter, the Company completed the purchase of the core tenements comprising the Lynas Find lithium deposit from Dakota Minerals, adding to the global resource inventory. Pilgangoora remains on track for commissioning by the end of 2017, following the recent award of the major Engineering, Procurement and Construction contract and with the balance of the project funding expected to be secured this quarter.

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