Business · Companies · 4 hrs ago
PLS plans up to A$650 million in upgrades at Pilgangoora
PLS Group plans to invest A$600–650 million in upgrades at its Pilgangoora lithium operation in Western Australia.
The three-year program is expected to run from FY27 to FY29, with most spending in FY28.
A road upgrade is expected to cut concentrate transport costs by about 35% by allowing higher-capacity haulage.
PLS also plans to build a permanent village with 1,200 beds and a facility to service large mining equipment.
The upgrades are intended to lower costs and improve productivity at the operation.
They are also designed to provide infrastructure for PLS's planned P2000 production expansion.
PLS is working with the Western Australian government on funding, and says the state has committed A$11 million for key public roadworks; further government co-funding is being explored.
The company is targeting completion by FY29.
PLS Group announced plans to invest A$600–650 million in upgrades at its Pilgangoora Operation.
The program is intended to lower costs, improve productivity and support the planned P2000 production expansion.
Planned projects include a road upgrade, a 1,200-bed permanent village and a mine services facility.
The investment is expected to be spread from FY27 to FY29, with most spending in FY28.
PLS is working with the Western Australian government, which has committed an initial A$11 million for public roadworks.
- Who
- PLS Group Ltd, also known as PLS.
- What
- It plans to invest A$600–650 million in infrastructure upgrades at Pilgangoora.
- When
- The investment is planned for FY27 to FY29, with completion targeted for FY29.
- Where
- Pilgangoora Operation.
- Why
- The upgrades are intended to lower costs, improve productivity and support the planned P2000 expansion.
This story does not have two clearly opposing sides.
PLS announced its planned A$600–650 million infrastructure investment.
The investment program is scheduled to take place, with completion targeted for FY29.
Most project spending is expected.
- Planned investment
- A$600–650 million
- Operation
- Pilgangoora
- Program period
- FY27 to FY29
- Road freight costs
- Concentrate transport costs are expected to fall by about 35% after the Wodgina Road East upgrade.
- Permanent village
- 1,200 beds
- Government contribution
- Western Australian government committed an initial A$11 million towards public roadworks.
What people are saying
These investments make sense to deliver for Pilgangoora today.
We have built a strong operating position at Pilgangoora and remain focused on continuing to improve it.