Pilbara Minerals unveiled the P2000 Project pre-feasibility study results, indicating production expansion at the Pilgangoora Lithium-Tantalum Project.

The study proposes a new whole-ore flotation plant with a $1.2 billion capital expenditure and an increased production capacity to 2 million tonnes per annum of spodumene concentrate at 5.2% Li2O.

The feasibility study is expected to conclude by December 2025, with a final investment decision pending study outcomes, approvals, and market conditions.

CEO Dale Henderson highlighted the project's potential to enhance operations at Pilgangoora and add substantial shareholder value.

The PFS estimates a net present value of $2.6 billion and an internal rate of return of 55%, based on a long-term SC6 price of US$1500/t and an exchange rate of AUD.