March 28 (Reuters) - Pilbara Minerals Ltd (PLS) :
- TO COMMENCE STAGE 3 PARTNERING PROCESS
- OUTCOME FROM PARTNERING PROCESS EXPECTED IN MID-2019
- RECEIVED INTEREST FROM THIRD PARTIES IN RESPECT OF PROJECT OWNERSHIP AND PRODUCT OFFTAKE AT PILGANGOORA
- CONSIDERING SALE OF A MINORITY INTEREST OF BETWEEN 20% TO 49% IN ITS WORLD- CLASS PILGANGOORA LITHIUM-TANTALUM PROJECT
- PROPOSED STAGE 3 PROJECT WILL SEE PILGANGOORA'S PROCESSING CAPACITY EXPAND TO 7.5MTPA
- EXISTING DOWNSTREAM POSCO JV TO REMAIN SEPARATE AND WILL BE EXCLUDED FROM MINORITY PARTNERING PROCESS
- STAGE 2 AND STAGE 3 EXPANSIONS HAVE CAPITAL COST REQUIREMENTS OF A$231 MILLION AND A$226 MILLION, RESPECTIVELY
- COMMISSIONING OF STAGE 2 PROJECT TO BE DELAYED BY ABOUT 6 MONTHS TO SEPTEMBER QUARTER OF 2020
Source text: (http//bit.ly/2uvt1cz)
News: PLS Pilbara Minerals To Commence Stage 3 Partnering Process
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