- Pilbara Minerals (PLS) signs power purchase agreement with Contract Power Australia for the Pilgangoora Project, near Port Headland in the Pilbara region of Western Australia
- The 15 year contract is to construct, operate and maintain a six megawatt solar array
- The array is estimated to displace 3.8 million litres of diesel fuel per annum
- Pilbara is trading 0.95 per cent down at $2.09 per share at 11:38 am AEDT
Pilbara Minerals (PLS) has signed a purchase agreement with Contract Power Australia for the Pilgangoora Project, near Port Headland in the Pilbara region of Western Australia.
The 15 year contract is to construct, operate and maintain a six megawatt solar array.
The array is estimated to displace 3.8 million litres of diesel fuel per annum, saving an estimated 9,900 tonnes of carbon dioxide per annum over the contract period.
Pilbara said the solar array showed its commitment to implementing environmental friendly power solutions, as part of the pledge to transition to net zero emissions in the decade commencing 2040.
The company said the key factor of choosing Contract Power was its established track record.
It is anticipated that procurement for the project will commence imminently with commissioning expected in late July 2022.
The Pilgangoora ore body is one of the largest hard rock lithium deposits in the world and is considered strategically important within the global lithium supply chain.
Earlier this month, Pilbara upgraded the ore reserves at Pilgangoora. The new ore reserve now sits at 162 million tonnes, containing 1.9 million tonnes of contained lithium oxide
On the market this morning, Pilbara was trading 0.95 per cent down at $2.09 per share at 11:38 am AEDT.