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Company News Summary

Pilbara Minerals Receives Award of Mining Contract

07 Sep 2017  |  08:38:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Award of Mining Contract

Pilbara Minerals announced the award of the open pit mining contract for the development of its 100%-owned Pilgangoora Lithium-Tantalum Project in WA to the integrated mining services contractor MACA through its subsidiary MACA Mining. With an initial term for mining services of two years, plus three 1-year options for the Company to extend, the contract is a key operational contract for the Pilgangoora Project and its award follows the completion of a competitive tender process and extensive due diligence process examining safety, experience and capabilities. The contract, which includes provision of drill & blast and load & haul services, is based on a mining rate of 8Mtpa for the production of 2Mtpa of ore to meet the ore feed requirements of the Stage 1 project development.

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