Business · Companies · 57 mins ago
PLS Group approves $2.5 billion Pilgangoora mine expansion
PLS Group approved a $2.5 billion expansion of the Pilgangoora lithium mine.
The decision involves the Pilgangoora mine, a lithium project named in the announcement.
The expansion is valued at $2.5 billion.
The approval concerns a larger lithium mine, but no details are given about what the work will involve.
The available information does not say when construction or expansion work will begin.
No next steps or timeline are specified.
PLS Group approved an expansion of its Pilgangoora lithium mine in Western Australia.
The project is described as costing $1.9 billion by Stockhead and $2.5 billion in the Business News AU headline.
The expansion is intended to lift annual production to about 2 million tonnes of spodumene concentrate.
Production is due to begin in the September quarter of 2029.
PLS says the project will lower costs and strengthen the mine’s position through lithium market cycles.
- Who
- PLS Group, an Australian lithium producer.
- What
- It approved an expansion of its Pilgangoora mine. Stockhead reports a $1.9 billion project; the Business News AU headline gives $2.5 billion.
- When
- The approval was announced on Friday, 16 October 2026.
- Where
- The Pilgangoora mine in Western Australia.
- Why
- PLS says the expansion will increase production, lower operating costs and strengthen its position through market cycles.
This story does not have two clearly opposing sides.
PLS announced it had approved the Pilgangoora expansion.
Production from the expansion is due to begin.
- Project cost
- $1.9 billion, according to Stockhead; $2.5 billion in the Business News AU headline
- Production target
- About 2 million tonnes per year
- First 10 years
- 1.97 million tonnes of 5.2% spodumene concentrate annually
- Expected production start
- September quarter of 2029
- Jobs
- More than 1,000 construction jobs and 500 operational roles
2 sources
What people are saying
P2000 will transform the scale and competitive position of PLS. It provides a pathway to ~2 million tonnes per annum of production, further extending PLS’ position as one of the world’s major lithium producers