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Pilbara Minerals Announces Works Approval Received and Finance Close of Bond

09 Oct 2017  |  09:46:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Works Approval Received and Finance Close of Bond

Pilbara Minerals announced that it has received the Works Approval from the Department of Water and Environmental Regulation (DWER), which represents the final major environmental approval required for it to complete construction and facilitate the ongoing operations of the processing and ancillary plant at its 100%-owned Pilgangoora Lithium-Tantalum Project in WA. All other key environmental and regulatory approvals were secured earlier in 2017 with the approval of the Mining Proposal on 10 May 2017 clearing the way for the start of major site construction works. It also advises that it has achieved financial close on its US$100m senior secured bond. The bond trustee has confirmed that all conditions precedent required for draw-down of the bond proceeds have been satisfied.

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