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PILBARA MINERALS WINS CRAIG OLIVER AWARD

Emerging lithium and tantalum producer Pilbara Minerals Ltd (ASX: PLS) has taken home the 2018 Craig Oliver Award, presented this morning at the 17th annual RIU Explorers Conference in Fremantle.

In front of a packed auditorium on the 2nd day of the sold-out conference, Pilbara Minerals’ Managing Director and CEO Ken Brinsden accepted the award from Brendan Jones – brother-in-law of the late Craig Oliver.

The award– a unique and substantial sculpture in silver, titanium, copper and gold – is presented annually to an ‘all round’, small-to-mid cap Australian mining company which has excelled in areas including exploration, mining, corporate, market results, environmental and community over the
past 12 months.

It has been an extremely busy year for Pilbara Minerals as it brings its world-class, 100% owned Pilgangoora Lithium-Tantalum Project – 120kms from Port Hedland in the Pilbara region – into production.

Pilgangoora is recognised as one of the largest spodumene-tantalite resources in the world with significant further exploration upside.

The company’s aim is to rapidly advance Pilgangoora towards production to take advantage of the surging demand for high-quality lithium products including lithium-ion batteries to power electric vehicles.

First lithium concentrates are expected to be produced from Pilgangoora in June with the project to initially produce 2 million tonnes per annum.

Recently, a Pre-Feasibility Study (PFS) for Stage 2 expansion from 2Mtpa to 5Mtpa at the project delivered exceptional results.

A Definitive Feasibility Study for Stage 2 expansion is on track for completion by mid-2018, paving the way for a Final Investment Decision in third quarter 2018, start of construction by fourth quarter 2018 and commissioning from fourth quarter 2019.

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