Australian lithium producer, Pilbara Minerals Limited (ASX: PLS) ('Pilbara Minerals' or 'the Company'), is pleased to announce a Power Purchase Agreement ('PPA') between its wholly owned subsidiary, Pilgangoora Operations Pty Ltd, and CPA at its 100% owned Pilgangoora Project, located 120km south of Port Hedland in the Pilbara region of Western Australia.

The solar array is an important demonstration of the Company's commitment to implementing environmentally friendly power solutions, as a part of its pledge to transition to net-zero emissions in the decade commencing 2040. Pilbara Minerals looks forward to continuing our working relationship with Contract Power and the broader Pacific Energy Group, which began in 2018 when the first baseload power station was installed at Pilgangoora.

A key factor in awarding this exciting new renewable energy project to Contract Power was their established track record and ability to design and safely deliver turnkey energy projects. It is anticipated that procurement for the project will commence imminently with commissioning expected late July 2022, and commercial operation from the end of August 2022.

The installation of the first phase of the solar farm is just one part of the initial rationalisation of power assets at Pilgangoora, as we further integrate the Ngungaju Operation. A local power network will be created to join the Ngungaju and Pilgan Plants, and the Carlindi camp facilities thereby creating further efficiencies. Pilbara Minerals' longer-term objectives include integration with other northern Pilbara power and/or gas and renewables sources with a view to creating further efficiency gains on the path to net zero carbon.

Contact:

David Hann

Tel: +61 (0)8 6266 6266

ABOUT PILBARA MINERALS

Pilbara Minerals is the leading ASX-listed pure-play lithium company, owning 100% of the world's largest, independent hard-rock lithium operation. Located in Western Australia's resource-rich Pilbara region, the Pilgangoora Project and Operation produces a spodumene and tantalite concentrate. The significant scale and quality of the operation has attracted a consortium of high quality, global partners including Ganfeng Lithium, General Lithium, Great Wall Motor Company, POSCO, CATL and Yibin Tianyi. While it continues to deliver a low-cost, quality spodumene to market, Pilbara Minerals is pursuing a growth and diversification strategy to become a sustainable, low-cost lithium producer and fully integrated lithium raw materials and chemicals supplier in the years to come. Through execution of this strategy, Pilbara Minerals is positioned to become a major player in the rapidly growing lithium supply chain, underpinned by increasing demand for clean energy technologies such as electric vehicles and energy storage as the world pursues a sustainable energy future.

(C) 2021 Electronic News Publishing, source ENP Newswire