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PLS Group Limited (ASX:PLS)

ALERT: Price-sensitive ASX Announcement for PLS
Current share price for PLS : $4.760 -1.41 (-22.85%)+
Announcement
Release
19 Jun 2026 8:17AM
Price at Release
$6.170
Full Release
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Summary
PLS Group Limited has approved pre-final investment decision (pre-FID) capital expenditure for the P2000 Project at its Pilgangoora Operation. This decision aims to maintain flexibility and expedite project development to meet future lithium demand. The ~$175M pre-FID expenditure planned for FY27 focuses on three areas: procurement of critical long lead items, on-site early works and operational preparation, and road infrastructure upgrades. The investment supports schedule flexibility and aligns with the company's strategic growth as one of the world's largest lithium producers.
Key Points
  • PLS approves pre-FID capital expenditure for P2000 Project.
  • Expenditure structured to maintain development flexibility.
  • Pre-FID capital expenditure totals approximately $175 million.
  • Investment focuses on procurement, early works, and infrastructure.
  • P2000 Project at Pilgangoora aims to expand lithium production.
  • Project targets first ore production by mid-2029.
  • PLS positions for future lithium demand and supply-chain constraints.
  • Financial year 2027 marked for significant project activities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.