PERTH (miningweekly.com) – Lithium developer Pilbara Minerals has launched a senior secured bond issue to raise between $80-million and $100-million to fund the development of its Pilgangoora lithium/tantalum project, in Western Australia.
The senior secured bonds will be issued in international capital markets.
The A$234-million Pilgangoora project is expected to produce an average of 314 000 t/y of 6% spodumene concentrate and 321 000 lb/y of tantalite, over a mine life of 36 years.
The project is estimated to have a post-tax net present value of A$709-million and an internal rate of return of 38.1%, and is expected to generate life-of-mine revenues of A$9.23-billion.
Edited by: Creamer Media Reporter
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